January 05, 2023
A group of FTX Trading Ltd. account holders told a Delaware bankruptcy judge that they are concerned that the company may be attempting to sell off subsidiaries bought or supported with assets misappropriated from customers' cryptocurrency accounts.
January 04, 2023
Bankrupt cryptocurrency exchange FTX Trading Ltd. said Wednesday that it was close to reaching an information-sharing agreement with joint liquidators appointed in the Bahamas, and asked a Delaware bankruptcy court for an additional week to continue discussions.
January 02, 2023
The last quarter of 2022 saw a wave of cryptocurrency cases hit bankruptcy courts, with industry giant FTX Trading kicking off a period of distress for the industry, and bankruptcy experts say those troubles are just beginning.
December 22, 2022
Insurers who didn't sign on to the Chapter 11 plan of the Boy Scouts of America slammed the $2.5 billion settlement trust in an appellate briefing, cryptocurrency exchange FTX said it will begin seeking clawback of prepetition distributions, and cosmetics giant Revlon Inc. reached a deal with creditors for a Chapter 11 plan. This is the week in bankruptcy.
December 20, 2022
Bankrupt cryptocurrency exchange FTX is considering legal action to claw back contributions made by former executives if the recipients don't voluntarily return the funds, according to a statement from the firm.
December 19, 2022
A video game developer asked a Delaware bankruptcy court Friday to force cryptocurrency exchange FTX Trading Ltd. to reject a tournament sponsorship contract with the debtor because of the damage its reputation has sustained in recent months.
December 16, 2022
Attorneys for bankrupt cryptocurrency exchange FTX Trading Ltd. said Friday that no deal had yet been struck in the ongoing dispute with liquidators appointed in the Bahamas over the sharing of digital information, but discussions are continuing with the goal of resolving the issue.
December 14, 2022
Ryan Salame, the co-CEO of FTX, told the Securities Commission of the Bahamas that client assets held by the embattled cryptocurrency exchange were transferred in a manner that was "not allowed or consented to by their clients," according to a filing in FTX's bankruptcy case in Delaware federal court.
December 14, 2022
A $256 million real estate portfolio on the Bahamas island of New Providence is serving as fuel to the fire in an already tense initial round of court hearings relating to the downfall of cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried.
December 14, 2022
Bankrupt cryptocurrency exchange FTX Trading Ltd. told a Delaware federal judge on Wednesday that it didn't want to give the Bahamian-appointed liquidators of an affiliate access to internal data systems because of the risk of digital asset theft.