FTX Says User Agreements Don't Sink $157M Clawback

By Clara Geoghegan · February 12, 2024, 6:43 PM EST

A lawsuit to recoup cryptocurrency withdrawn from defunct trading platform FTX Trading Ltd. in the run-up to its Chapter 11 bankruptcy shouldn't be tossed, FTX told a Delaware bankruptcy court, saying...

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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.

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Documents

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

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