June 21, 2023
The fee examiner in the FTX Chapter 11 case has told a Delaware bankruptcy judge that the professionals in the case have racked up more than $200 million in bills since November, a figure she said was "remarkable" but justified by the chaos created by the cryptocurrency giant's collapse.
June 09, 2023
A U.S. bankruptcy judge in Delaware refused to unblock Bahamian joint provisional liquidators from pursuing core asset claims in the collapse of bankrupt cryptocurrency giant FTX Trading Ltd., calling instead Friday for mediation on disputes over FTX insolvency issues straddling the two jurisdictions.
June 08, 2023
Bankrupt cryptocurrency investment platform FTX Trading Ltd. told a Delaware bankruptcy judge Thursday that joint provisional liquidators presiding over insolvency proceedings in the Bahamas should not be allowed to move forward with core issues there because the Delaware court is the venue the debtor chose.
May 18, 2023
The bankruptcy estate of Sam Bankman-Fried's formerly controlled Alameda Research and its affiliates sued a fleet of domestic and foreign LLPs and dozens of individuals in Delaware, seeking to claw back more than $490 million siphoned from the now-collapsed crypto empire.
May 04, 2023
Bankrupt crypto exchange FTX Trading Ltd. got a Delaware bankruptcy court's approval Thursday to sell its LedgerX LLC derivatives platform and clearinghouse business to a subsidiary of global trading company Miami International Holdings Inc. after no one raised objections to the $35 million cash sale.
April 25, 2023
Defunct crypto exchange FTX has reached a $50 million deal to sell off its crypto derivatives platform and clearinghouse LedgerX LLC to an affiliate of Miami International Holdings Inc., a company that owns several financial exchanges.
April 12, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. told a Delaware bankruptcy judge Wednesday it intends to file a Chapter 11 plan of reorganization later this year that could include restarting its domestic and international digital asset operations.
April 10, 2023
The CEO of cryptocurrency exchange FTX has filed a report with the Delaware bankruptcy court describing a company that suffered "profound" failures of management and asset control, where losing track of tens of millions of dollars in assets was considered routine.
April 05, 2023
The New York Times and other media outlets objected Wednesday to FTX customers' request to file under seal the identities of non-U.S. customer-creditors in the Chapter 11 case, saying the public would be left in the dark about how the government is dealing with the "largely unregulated" cryptocurrency industry.
March 31, 2023
A Bahamian bank has agreed to return $50 million to the estate of bankrupt cryptocurrency exchange FTX that was linked to its former co-CEO, and a series of crypto exchanges likewise stand at the ready to return more than $150 million from accounts related to the firm, according to two motions filed in the Delaware bankruptcy case.