FTX

FTX Investors Drop Lawsuit Against Law Firm Sullivan & Cromwell

Oct 10, 2024

A group of FTX investors informed a Miami federal court on Wednesday that they will voluntarily dismiss their proposed class action against the prominent U.S. law firm Sullivan & Cromwell. The investors accused Sullivan & Cromwell of participating in the multibillion-dollar fraud of the defunct cryptocurrency exchange and enriching itself as FTX’s lead bankruptcy counsel.…
FTX Cleared to Repay Billions to Customers in Bankruptcy Plan Approval

Oct 8, 2024

FTX received court approval for its bankruptcy plan on Monday, enabling it to fully repay customers using up to $16.5 billion in assets recovered since the collapse of the once-leading crypto exchange. U.S. Bankruptcy Judge John Dorsey approved the wind-down plan during a hearing in Wilmington, Delaware, praising FTX’s success as “a model case for…

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