FTX Dockets

0 results found
Aug 21, 2024
Aug 21, 2024
23455
FTX files July 2024 monthly operating reports
On 8/21/2024 the Debtors filed their July monthly operating reports. Cumulative cash held by the Debtors exceeds $11.9B and over $1B of cryptocurrency remains (at petition date values), which we estimate has a rough market value of $2.5B. During July $28.8M was collected from the sale of FTX Japan and $230M from the liquidation of cryptocurrency pursuant to their sale arrangement with Galaxy.
Aug 2, 2024
Aug 2, 2024
22163
FTX plan supplement filed
On August 2, 2024 the Debtors filed the Plan Supplement. The exhibits of the supplement detail various additional aspects of the plan, including, a draft Plan Administration Agreement, a draft Liquidating Trust Agreement, a list of Wind Down Board Members, a list of Advisory Committee Members, a list of excluded customer preference actions, and a wind down budget.
Aug 2, 2024
Aug 2, 2024
22165
FTX files first amended plan
Blacklines comparing the original plan and the first amended plan are available at docket #22166. The plan adds a definition for "Contract Rate". This clarifies that claims will acrues interest at the lower of the "Conensus Rate" and the "Contract Rate".
Jul 23, 2024
Jul 23, 2024
21037
FTX files June 2024 monthly operating reports
#FTX The estate continued to aggressively convert assets to cash during the month of June. The cash pile now exceeds $11B and liquid assets likely around $14B. FTX liquidated approximately $910M of cryo through its liquidation program with Galaxy and collected over $452M for the sale of the remaining Anthropic shares.
Jul 12, 2024
Jul 12, 2024
20344
FTX files notice of compromise with CFTC
On July 12, 2024 at docket #20344 the FTX Debtors filed a proposed stipulation with the Commodity Futures Trading Commission, which has filed a claim of approximately $52.2b in the case. Highlights include: (1) Effective at plan confirmation, (2) Allowed disgorgement claim of $4B, (3) Claim shall be subordinated to payment of all creditors and payment of interest at the Consensus Rate, (4) Recoveries on the claim shall be applied only to make supplemental payments to certain creditors under the Supplemental Remission Fund under the plan, (5) The CFTC shall have no other claim in the case, (6) Resolves the ongoing litigation in the District Court, (7) CFTC will not seek a civil monetary penalty.
Jun 23, 2024
Jun 23, 2024
18537
FTX files revised restructuring plan and disclosure statement
FTX filed a revised restructuring plan, disclosure statement, and notice of blackline changes at docket numbers 18537 - 18539.
Jun 21, 2024
Jun 21, 2024
18390
FTX files May 2024 monthly operating reports
FTX filed monthly operating reports for the debtors on docket entries #18390 - 18481. Across all debtors the estimated liquid estate assets increased about 5% to $13.7B. Collectively the debtors have over $10.3B in cash. During May the estate liquidated about $564M in crypto for cash under their standing order to sell cryptoassets, increasing the debtor's cash position to over $10B. Not mentioned in the report is the proposed sale of the reamining Anthropic shares for $452.2M. Xclaim now estimates the debtors overall assets at about $16.9B.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Start learning about your options today

FAQs

What is the cost to use Xclaim?

We firmly believe that every claim holder should be entitled to recover the highest possible amount on their claim. That is why we charge zero fees to claim holders to register, list, sell, or transfer claims or to access resources on the Xclaim Marketplace.

Will a Buyer definitely purchase my claim?

While we focus on cases with existing buyer interest, we cannot guarantee that you will receive an offer or that a buyer will agree to purchase your claim. Interest in claims is highly dependent on individual claim attributes.

Is Xclaim a buyer or broker of claims?

Xclaim operates the Xclaim Marketplace and related services but does not buy claims for its own account. Xclaim acts as a broker for larger, complex claims on a case by case basis.  Independent affiliates of Xclaim may purchase claims or identify claims for purchase as a service on behalf of registered buyers.

Download our Free Book

Explore your options to recover more money faster on the largest digital marketplace for bankruptcy claims.

Download Now