FTX Inks Deal With Bahamas Liquidators On Customer Claims

By Alex Wittenberg · December 19, 2023, 5:12 PM EST

Bankrupt cryptocurrency exchange FTX Trading Ltd. revealed Tuesday it settled a dispute with liquidators overseeing the insolvency of the company's Bahamas unit, in an agreement calling for customers to be paid...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

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

Related Sections

Case Information

Case Title

FTX Trading Ltd.

Case Number

1:22-bk-11068

Court

Delaware

Nature of Suit

Date Filed

November 11, 2022

Recent Articles By Alex