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FTX Dockets

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Date
Docket NameDocket Name
¶Ù´Ç³¦°ì±ð³ÙÌý No.
Docket NameDocket Name
Details
Docket SummaryDocket Summary
December 20, 2024
December 20, 2024
28940
FTX November 2024 Monthly Operating Reports
FTX filed their monthly operating reports as of November 30, 2024. Highlights from the report include: 1. Debtor cash balance as of 11/30: $12.3B 2. Debtor collect $.9M of cash during November, mostly from a distribution of a Multicoin investment, and sold $44.3M of crypto 3. Debtors had an estimated $1B of crypto remaining at 11/30 prices, in addition to illiquid investments (estimated at $2B) 4. Estimated total debtor assets at end of month November 2024: $15.7B
December 18, 2024
December 18, 2024
28891
Celsius proof of claim disallowed
On December 18, 2024 Judge Dorsey entered an order disallowing Celsius’s original proof of claim, filed for $2B, and it’s amended proof of claim, filed for $444M. Celsius had originally filed a broad proof of claim alleging many different items, then modified it over a year later to assert alleged preferential transfers. Judge Dorsey ruled that the original proof of claim was not sufficient to satisfy a protective proof of claim for potential preferential transfers and that Celsius did not meet the standard for exclusable neglect to assert a claim not relevant to its original proof of claim.
December 11, 2024
December 11, 2024
28689
Order setting dispute claim reserve
Disputed claim reserve is set at $6.533B. Future changes to the reserve with be proceeded by a “Notice of Adjustment of Disputed Claims Reserve Amount".
November 21, 2024
November 21, 2024
28128
October monthly operating reports filed
Debtors collected $4.6M cash from sales and liquidated $35.9M of crypto. Current cash balance is $12.25B and crypto assets (at petition date values) of $978M.
November 20, 2024
November 20, 2024
28102
FTX seeks to establish Disputed Claims Reserve
FTX has filed a motion to create a Disputed Claims Reserve, which is one required step to allow distributions. They have determined that $6.544B of disputed claims is a conservated initial researve, of which they expect that $3.4B will be disallowed. The motion mentions that they will have over $12B of cash available on the initial distribution date.
November 11, 2024
November 11, 2024
27858
FTX settles with former Co-CEO of Alameda Sam Trabucco
FTX settles with Sam Trabucco. During his time at Alameda he received the benefit of $40M in potentially avoidable transfers. He also filed $70M in proofs of claims in the case. The settlement provides: (1) transfer to the estate of two apartments in San Francisco, CA with value of $8.7M, (2) transfer to the estate a yacht worth $2.51M, (3) disallowment of the $70M in proofs of claims.
November 10, 2024
November 10, 2024
27852
FTX seeks to recover $1.76B from Binance and former Binance CEO
The FTX estate seeks to recover $1.76B of cryptocurrency paid by the estate to Binance and Binane executives in July 2021 in exchange for FTX and FTX US equity. The estate alleges that the Debtor was insolvent at this time and therefore the payment was a constructive fraudlent transfer. In addition the estate will seek compensatory and punitive damages to be determined at trial.
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