In Re: FTX Cryptocurrency Exchange Collapse Litigation

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Case overview

Case Number:

1:23-md-03076

Court:

Florida Southern

Nature of Suit:

Other Fraud

Multi Party Litigation:

Multi-district Litigation, Class Action

Judge:

K. Michael Moore

Firms

Companies

Government Agencies

Federal Deposit Insurance Corp.

Sectors & Industries:

November 14, 2024
MDL Counsel Present Deal With FTX Estate To Fla. Court

Counsel for plaintiffs in the multidistrict litigation over the collapse of cryptocurrency trading platform FTX Trading Ltd. told a Florida federal judge Thursday that they have reached a deal with the FTX estate in bankruptcy.
October 15, 2024
J&J Stays In Texas, True Value Files, Bally Sports Docs OK'd

The latest bankruptcy case of a Johnson & Johnson talc unit survived a motion to transfer the proceedings to New Jersey, decades-old hardware store chain True Value commenced a Chapter 11 case and the update plan disclosure statement for the parent of Bally Sports regional sports networks were approved by a Texas judge. This is the week in bankruptcy.
October 09, 2024
Sullivan & Cromwell Dropped From FTX Investor Suit

FTX customers dismissed Sullivan & Cromwell LLP from ongoing multidistrict litigation over the crypto exchange's collapse on Wednesday, after an investigation by the customers' counsel into the firm and dialogue with the FTX bankruptcy estate and appointed examiner resolved concerns about the law firm's conduct.
September 27, 2024
FTX Users Say Binance Manipulated Market To Spark Collapse

Users of the now-defunct cryptocurrency exchange FTX told a Florida federal judge that social media posts by competing exchange Binance still manipulated markets to cause the collapse of FTX and harm users even if the statements themselves weren't false.
July 30, 2024
FTX Users Say Sullivan & Cromwell Must Face Abetting Claims

FTX customers told a Florida federal judge on Tuesday that Sullivan & Cromwell LLP can't dismiss customer claims it aided and abetted the defunct cryptocurrency exchange's fraud as "speculative allegations" when the customers' complaint "paints a much more detailed and nefarious picture."
July 25, 2024
Binance, Ex-CEO Say FTX Users Can't Blame Them For Fallout

Crypto exchange Binance, its former CEO and its U.S. arm told a Florida federal judge that a lawsuit from spurned users of now-defunct competitor FTX wrongly tries to blame two social media posts from Binance founder Changpeng Zhao for FTX's stunning collapse rather than the fraudulent conduct of FTX executives.
April 19, 2024
SBF Inks Deal To Help FTX Investors Go After Promoters

Investors who launched multidistrict litigation over cryptocurrency exchange FTX's collapse asked a Florida federal judge Friday to bless their settlement with founder Sam Bankman-Fried, who has agreed to assist in their case against celebrities who promoted the platform and other defendants alleged to be part of the fraud scheme.
April 11, 2024
FTX Brass, Investors Can't Move Bankruptcy Suit To MDL

The Judicial Panel on Multidistrict Litigation on Thursday denied a bid to move a Delaware bankruptcy proceeding regarding the collapse of cryptocurrency exchange FTX Trading Ltd. to an ongoing multidistrict litigation brought by the company's investors seeking to recoup their losses.
April 04, 2024
Crypto Bank, Chair Blast FTX Investors' 'Gatling Gun' Claims

A crypto bank and its chairman have urged a Florida federal judge to toss a second amended complaint from FTX investors alleging they helped Sam Bankman-Fried abscond with $8 billion in customer assets, saying the investors "employ a Gatling gun approach to pleading."
March 28, 2024
FTX Investors To Settle With Ex-Execs, Crypto Promoters

Investors who launched a multidistrict litigation over cryptocurrency exchange FTX's collapse have reached a set of settlements with the former inner circle of founder Sam Bankman-Fried as well as seven promoters who, together, have agreed to pay over $1.3 million to resolve claims that they boosted a massive fraud scheme at the company.

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