FTX Trading Ltd.

Track this case

Case overview

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 26, 2024
FTX Strikes Deal With MDL Counsel For Ch. 11 Plan Support

FTX Trading Ltd. has asked a Delaware bankruptcy judge for permission to enact a settlement with plaintiffs and counsel it's facing in multidistrict litigation in Florida, saying the proposed deal would prevent potentially costly legal tussles and bring the plaintiffs on board to support FTX's Chapter 11 plan.
September 25, 2024
Sullivan & Cromwell Didn't Ignore FTX 'Red Flags,' Report Says

The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading determined Wednesday that debtor law firm Sullivan & Cromwell didn't ignore any "red flags" about FTX's misconduct related to a $500 million purchase of stock in financial service and digital trading platform Robinhood Markets Inc.
September 20, 2024
State Agencies Settle Securities Claims Against FTX

Defunct cryptocurrency exchange FTX has reached a settlement with agencies in five states that had asserted about $1.8 billion in claims against the debtor.
September 09, 2024
FTX To Pay $14M To Access $600M Robinhood Share Cashout

Defunct cryptocurrency exchange FTX Trading Ltd. has struck a $14 million deal that will let it access more than $600 million of cash and liquidated shares in Robinhood Markets Inc., in a settlement agreement with Sam Bankman-Fried-founded Emergent Fidelity Technologies Ltd.
September 03, 2024
Chapter 11 Check-In: FTX's $13B Bankruptcy

Almost two years after FTX entered bankruptcy in November 2022, the defunct cryptocurrency exchange is working toward securing confirmation of a Chapter 11 plan that would make swindled customers whole. It has also fought off a bid to disqualify its Sullivan & Cromwell legal team on the grounds that the law firm was conflicted by its prepetition representation of the company.
August 26, 2024
US Trustee Raises Release Concerns With FTX Ch. 11 Plan

The U.S. Trustee's Office has lodged an objection to FTX's Chapter 11 plan with 10 reasons why the proposed resolution for the mammoth crypto bankruptcy is flawed, including releases that are overbroad and don't carve out a high-profile data breach from their terms.
August 21, 2024
Top Bankruptcy Cases Of 2024: Midyear Report

Famous debtors, major U.S. Supreme Court rulings and "shocking" turnarounds have headlined an already busy 2024 in bankruptcy, and elevated interest rates are expected to continue pushing more companies to the brink this year, experts told Law360.
August 19, 2024
FTX Sees Push For Disputed Claim Reserve In Ch. 11 Plan

The litigation administrator for the Celsius Network Chapter 11 plan and the liquidators of Three Arrows Capital have asked a Delaware bankruptcy court to reject FTX's Chapter 11 plan, unless it reserves funds for disputed claims, as part of a stream of objections filed against the onetime cryptocurrency exchange giant's reorganization proposal.
August 01, 2024
FTX's Ch. 11 Plan Sweetens Crypto Creditor Claim Market

A byproduct of the collapse of large cryptocurrency businesses — their bankruptcy claim market — has developed as an unlikely source of security and a rare positive outcome in the fallout from the so-called crypto winter, partly reflected in BlockFi's sale of roughly $875 million in allowed claims against FTX.
July 23, 2024
FTX Reaches Deal On $4M Phala Token Claims In Ch. 11

Bankrupt cryptocurrency platform FTX Trading Ltd. asked a Delaware bankruptcy judge to let it pay $960,000 to crypto issuer Phala Ltd. to settle that company's $4 million claim against FTX and its affiliates.

← Previous
1
2
3
4
5
6
7
8
9
…
Next →