January 24, 2024
A Delaware bankruptcy judge began on Wednesday to lay out a course for picking an independent examiner in the Chapter 11 case of defunct cryptocurrency exchange operator FTX, explaining that the court's focus was on moving quickly, avoiding big expenses and not having to "reinvent the wheel."
January 19, 2024
The Third Circuit on Friday ordered the appointment of an examiner in the bankruptcy of cryptocurrency giant FTX, agreeing with the U.S. Trustee's Office that the appointment is required by law.
January 17, 2024
FTX and the Internal Revenue Service clashed Wednesday before a Delaware bankruptcy judge, each arguing the other should bear the burden of proof in an upcoming battle over the government's claim that the failed cryptocurrency giant owes billions of dollars in taxes.
January 16, 2024
The parents of convicted former FTX CEO Sam Bankman-Fried asked a Delaware bankruptcy judge to toss a Chapter 11 bankruptcy adversary lawsuit seeking to recover millions of dollars that Bankman-Fried's parents allegedly misappropriated, calling the allegations "threadbare," "conclusory" and based solely on a relationship that is "not actionable."
January 05, 2024
FTX Inc. is seeking permission from a Delaware bankruptcy judge to sell off $222 million in luxury Bahamas real estate under the terms of its previously announced settlement with the liquidators of its Bahamian affiliate.
January 01, 2024
The coming year will see the U.S. Securities and Exchange Commission battle with crypto exchanges over how securities laws apply to digital assets, while federal prosecutors will be focused on holding crypto firms and executives responsible for vast compliance failures that happened under their watch.
December 22, 2023
Three debtors of bankrupt cryptocurrency exchange FTX announced Friday that they've reached a settlement with convicted former chief executive Sam Bankman-Fried and two of his former associates, resolving some claims over the 2022 acquisition of stock trading platform Embed.
December 20, 2023
With the curtain closing on 2023, bankruptcy experts say the past year has featured cases and legal issues of great importance to the practice area that will have implications for years to come.
December 19, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. revealed Tuesday it settled a dispute with liquidators overseeing the insolvency of the company's Bahamas unit, in an agreement calling for customers to be paid in cash based on the value of certain digital assets they held at the time of the business's petition for Chapter 11 protection.
December 18, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. has filed a new Chapter 11 plan in Delaware bankruptcy court, promising that customers of its American and foreign web platforms will receive distributions in cash, not in cryptocurrency.