November 29, 2023
A Delaware bankruptcy judge on Wednesday gave bankrupt cryptocurrency exchange FTX permission to put $744 million in cryptocurrency up for sale, finding that converting the crypto to cash was in the best interests of creditors.
November 27, 2023
Bankrupt cryptocurrency exchange FTX said it has settled lender BlockFi's objection to its proposed sale of $744 million in cryptocurrency held in Grayscale Investments trust funds, agreeing to explicitly reference liens the lender is asserting on the funds.
November 20, 2023
A former FTX executive told a Delaware bankruptcy court that the collapsed cryptocurrency exchange's European subsidiary didn't get approval by the subsidiary's board of directors before it filed for Chapter 11 bankruptcy last year as required by Swiss law, meaning the satellite company's case should be dismissed.
November 17, 2023
Cryptocurrency lender BlockFi Friday asked a Delaware bankruptcy judge to make sure the liens it's asserting on $744 million in crypto held in Grayscale Investments trust funds are protected as crypto exchange FTX seeks to convert the assets to cash.
November 15, 2023
FTX Trading Ltd. received approval Wednesday to pay an ad hoc group of creditors' professional fees and expenses after the Office of the U.S. Trustee dropped its objection to the measure and a Delaware bankruptcy judge ruled that it would benefit the estate and FTX's effort to confirm a Chapter 11 plan.
November 14, 2023
FTX Trading Ltd. asked a Delaware bankruptcy judge to sign off on a settlement with Effective Ventures Foundation USA Inc. that would see the charity organization hand over more than $22.5 million in donations that the defunct crypto exchange had given it.
November 13, 2023
Defunct cryptocurrency exchange FTX wants to recover $953 million in assets that Bybit and its affiliates "raced to withdraw" in the days before FTX collapsed and filed for Chapter 11 protection last November, according to a lawsuit filed Friday in Delaware bankruptcy court.
November 13, 2023
FTX Trading Ltd. told a Delaware bankruptcy court that it should allow the company to pay fees that could total almost $13 million for an ad hoc group of creditors, saying objections from the U.S. Trustee's Office that FTX couldn't show the group's utility should be ignored.
November 13, 2023
Effective altruism organization Center For Applied Rationality has asked a Delaware bankruptcy judge to toss a subpoena from the Chapter 11 estate of FTX Trading Ltd., saying the donations it received came from FTX's charitable trust, which is not in Chapter 11.
November 08, 2023
The Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. needs an independent investigation over its downfall, the U.S. Trustee's Office told the Third Circuit on Wednesday, and a Delaware bankruptcy judge erred in denying the trustee's request for the appointment of an examiner to conduct such an inquiry.