FTX Investors Can't Pause MDL Against Celeb Endorsers

By Henrik Nilsson · October 10, 2023, 9:42 PM EDT

A Florida federal judge shot down FTX investors' bid to pause their multidistrict litigation against celebrities who endorsed the defunct cryptocurrency exchange, saying it's unclear what information investors would gain by...

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Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

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Related Sections

Case Information

Case Title

In Re: FTX Cryptocurrency Exchange Collapse Litigation

Case Number

1:23-md-03076

Court

Florida Southern

Nature of Suit

Other Fraud

Date Filed

June 05, 2023

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