FTX Ch. 11 Plan Proposes To Pay Customers Cash, Not Crypto
By Vince Sullivan · December 18, 2023, 5:44 PM EST
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...
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.