Excess Insurer Seeks Guidance On FTX Collapse Coverage

By Hope Patti · August 10, 2023, 2:13 PM EDT

Hiscox has asked a California federal court for guidance on how to apportion a $5 million excess directors and officers policy among Sam Bankman-Fried and others associated with the collapsed cryptocurrency...

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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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Documents

Related Sections

Case Information

Case Title

Hiscox Syndicates Limited v. Paper Bird, Inc. et al

Case Number

4:23-cv-04033

Court

California Northern

Nature of Suit

Insurance

Date Filed

August 09, 2023

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