FTX Strikes Deal To Recoup $22.5M In Charitable Donations
By Emlyn Cameron · November 14, 2023, 6:48 PM EST
FTX Trading Ltd. asked a Delaware bankruptcy judge to sign off on a settlement with Effective Ventures Foundation USA Inc. that would see the charity organization hand over more than $22.5...
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.