FTX Trading Ltd.

Track this case

Case Number:

1:22-bk-11068

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. December 12, 2022

    New FTX Head Tells House Of 'Inexperienced' Past Leadership

    The new CEO of fallen cryptocurrency exchange FTX said in written testimony to the House Committee on Financial Services that FTX's prior leadership lacked the experience and sophistication necessary to run a company of its size, and that there is a "painstaking" effort underway to account for all the exchange's digital assets.

  2. December 02, 2022

    Interest Rates Doom Lender, Crypto Winter Persists

    Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.

  3. December 01, 2022

    FTX 'Free Fall' Demands Special Examiner, US Trustee Says

    A bankruptcy watchdog for the U.S. Department of Justice on Thursday urged a Delaware bankruptcy judge to appoint a special examiner to sift through the wreckage of FTX Trading Ltd., saying an independent investigation is needed to determine what led to the cryptocurrency exchange's "free fall" into bankruptcy.

  4. November 23, 2022

    Miami-Dade Asks Bankruptcy Court To Allow End To FTX Deal

    Miami-Dade County, Florida, has asked a Delaware bankruptcy court for permission to end its naming rights deal with beleaguered cryptocurrency exchange FTX and remove the name from the downtown arena where the Miami Heat play.

  5. November 22, 2022

    FTX Pledges Management Turnaround In First Ch. 11 Hearing

    Appearing for the first time in Delaware bankruptcy court 11 days after commencing Chapter 11 cases, cryptocurrency exchange FTX Trading Ltd. said it is aiming to implement robust internal controls and to straighten out the mess of its financial records.

  6. November 21, 2022

    FTX Creditors List Shows Top 10 Are Customers Owed $1.4B

    As bankrupt cryptocurrency exchange FTX Trading Ltd. prepares to make its first appearance in a Delaware bankruptcy court Tuesday, the company filed a consolidated list of creditors that shows its 10 largest claimants are customers owed a combined $1.4 billion.

  7. November 18, 2022

    Would Rules Have Cured FTX's 'Internal Controls Wasteland'?

    The "internal controls wasteland" that was FTX may prove to be the biggest corporate governance failure of all time, legal experts told Law360, but they pondered the role regulation could have played in containing the collapse.

  8. November 17, 2022

    New FTX CEO Stunned By 'Complete Failure' Of Controls

    FTX's new CEO John R. Ray III, who shepherded Enron after its spectacular collapse, said in a court filing Thursday that the crypto exchange's downfall stemmed from an unprecedented "failure of corporate controls," the likes of which he had never seen before in his career.

  9. November 15, 2022

    FTX, Leaders To Engage With Regulators After Ch. 11 Filing

    Bankrupt cryptocurrency exchange FTX Trading Ltd. said in Delaware court filings that it will engage with American and international regulators in the wake of its collapse and bankruptcy filing, with founder Sam Bankman-Fried tweeting Tuesday that he intends to meet with them face-to-face.