FTX Customers Say Crypto Banks Helped SBF Steal $8B

By Jessica Corso · July 27, 2023, 6:45 PM EDT

A pair of crypto banks with close ties to collapsed exchange FTX helped disgraced founder Sam Bankman-Fried abscond with $8 billion in customer assets by allowing him to place some of...

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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

In Re: FTX Cryptocurrency Exchange Collapse Litigation

Case Number

1:23-md-03076

Court

Florida Southern

Nature of Suit

Other Fraud

Date Filed

June 05, 2023

Case Title

O'Keefe v. Farmington State Bank et al

Case Number

2:23-cv-00213

Court

Washington Eastern

Nature of Suit

Other Fraud

Date Filed

July 26, 2023

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