Buyer Of Discount FTX Claims Says Sellers Reneged On Deal

By Ben Zigterman · November 7, 2023, 6:35 PM EST

A hedge fund that purchased about $12 million in claims against the bankrupt cryptocurrency exchange FTX at a heavy discount sued the two sellers, alleging they reneged on the deal after...

To view the full article, register now.

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.

View Full Scorecard

Documents

Case Information

Case Title

FTX Trading Ltd.

Case Number

1:22-bk-11068

Court

Delaware

Nature of Suit

Date Filed

November 11, 2022