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Mealeys

MLex

FTX Trading Ltd.

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Case overview

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 09, 2023

    Del. Judge Urges Mediation On Bahamas' FTX Ch. 11 Claims

    A U.S. bankruptcy judge in Delaware refused to unblock Bahamian joint provisional liquidators from pursuing core asset claims in the collapse of bankrupt cryptocurrency giant FTX Trading Ltd., calling instead Friday for mediation on disputes over FTX insolvency issues straddling the two jurisdictions.

  2. June 08, 2023

    FTX Challenges Bahamian Court Jurisdiction In Ch. 11

    Bankrupt cryptocurrency investment platform FTX Trading Ltd. told a Delaware bankruptcy judge Thursday that joint provisional liquidators presiding over insolvency proceedings in the Bahamas should not be allowed to move forward with core issues there because the Delaware court is the venue the debtor chose.

  3. May 18, 2023

    Alameda Research Sues In FTX's Ch. 11 To Claw Back $490M

    The bankruptcy estate of Sam Bankman-Fried's formerly controlled Alameda Research and its affiliates sued a fleet of domestic and foreign LLPs and dozens of individuals in Delaware, seeking to claw back more than $490 million siphoned from the now-collapsed crypto empire.

  4. May 04, 2023

    Court OKs Sale Of FTX's LedgerX Biz To Miami Exchange Co.

    Bankrupt crypto exchange FTX Trading Ltd. got a Delaware bankruptcy court's approval Thursday to sell its LedgerX LLC derivatives platform and clearinghouse business to a subsidiary of global trading company Miami International Holdings Inc. after no one raised objections to the $35 million cash sale.

  5. April 25, 2023

    FTX Reaches $50M LedgerX Deal With Miami Exchange Owner

    Defunct crypto exchange FTX has reached a $50 million deal to sell off its crypto derivatives platform and clearinghouse LedgerX LLC to an affiliate of Miami International Holdings Inc., a company that owns several financial exchanges.

  6. April 12, 2023

    FTX Says Ch. 11 Plan Could Call For Restarting Exchanges

    Bankrupt cryptocurrency exchange FTX Trading Ltd. told a Delaware bankruptcy judge Wednesday it intends to file a Chapter 11 plan of reorganization later this year that could include restarting its domestic and international digital asset operations.

  7. April 10, 2023

    Report Says FTX Suffered 'Profound' Management Failures

    The CEO of cryptocurrency exchange FTX has filed a report with the Delaware bankruptcy court describing a company that suffered "profound" failures of management and asset control, where losing track of tens of millions of dollars in assets was considered routine.

  8. April 05, 2023

    NYT, Media Outlets Want Names Of FTX's Foreign Customers

    The New York Times and other media outlets objected Wednesday to FTX customers' request to file under seal the identities of non-U.S. customer-creditors in the Chapter 11 case, saying the public would be left in the dark about how the government is dealing with the "largely unregulated" cryptocurrency industry.

  9. March 31, 2023

    FTX Says Exchanges And Bank To Return $200M To Estate

    A Bahamian bank has agreed to return $50 million to the estate of bankrupt cryptocurrency exchange FTX that was linked to its former co-CEO, and a series of crypto exchanges likewise stand at the ready to return more than $150 million from accounts related to the firm, according to two motions filed in the Delaware bankruptcy case.

  10. March 30, 2023

    FTX Scoffs At Bankman-Fried's Request For Defense Funds

    Indicted FTX co-founder and former CEO Sam Bankman-Fried should not be allowed to "drain" potentially millions in insurance money from the bankrupt cryptocurrency platform to defend himself against the criminal charges and civil lawsuits he is facing, the company's current leadership told a Delaware bankruptcy judge.