Sullivan & Cromwell, Fenwick Draw Scrutiny In FTX Debacle
By Kevin Penton · October 3, 2023, 11:27 AM EDT
Before his Bahama-based crypto exchange went down in flames, FTX founder and former CEO Sam Bankman-Fried contends that when he visited New York, he would sometimes work out of Sullivan &...
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.