FTX lawyers – DIGIT INFO

Cash or crypto? FTX creditors to vote on how they’re paid back

DIGIT — Wed, 26 Jun 2024 04:49:38 +0000

FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.

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New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing

DIGIT — Fri, 22 Mar 2024 18:45:56 +0000

A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN research paper entitled “Conflicting Public and Private Interests in Chapter 11” meticulously explores the controversial […]

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FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show

DIGIT — Mon, 18 Dec 2023 07:00:16 +0000

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day.

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Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse

DIGIT — Tue, 13 Dec 2022 20:30:51 +0000

On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access that would be provided immediately to the […]

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