FTX Trading Ltd.
Case No. 22-11068
Case Background
On November 11, 2022 and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. On February 13, 2023, an order was entered at Docket No. 711 dismissing the cases of SNG Investments Yatirim Ve Danismanlik Anonim Sirketi (Case No. 22-11093) and FTX Turkey Teknoloji Ve Ticaret Anonim Sirketi (Case No. 22-11170). On August 18, 2023, an order was entered at Docket No. 2207 dismissing the case of FTX Exchange FZE (Case No. 22-11100). On November 13, 2023, an order was entered at Docket No. 3739 dismissing the cases of Liquid Financial USA, Inc. (Case No. 22-11151), LiquidEX LLC (Case No. 22-11152), Zubr Exchanged Ltd (Case No. 22-11132) and DAAG Trading, DMCC (Case No. 22-11163). On March 18, 2024, an order was entered at Docket No. 9585 dismissing the cases of FTX Certificates GmbH (Case No. 22-11164), FTX Crypto Services Ltd. (Case No. 22-11165), FTX Structured Products AG (Case No. 22-11122), FTX Trading GmbH (Case No. 22-11123) and FTX Switzerland GmbH (Case No. 22-11169). On April 19, 2024, an order was entered at Docket No. 12260 dismissing the cases of Alameda Aus Pty Ltd (Case No. 22-11104), Alameda Research Pte Ltd (Case No. 22-11107), Analisya Pte Ltd (Case No. 22-11080), FTX Japan Services KK (Case No. 22-11103), FTX Products (Singapore) Pte Ltd (Case No. 22-11119), Innovatia Ltd (Case No. 22-11128), Liquid Securities Singapore Pte Ltd (Case No. 22-11086), Quoine India Pte Ltd (Case No. 22-11091) and Quoine Vietnam Co. Ltd (Case No. 22-11092). The remaining jointly administered cases under Case No. 22-11068, along with associated cases and adversary proceedings, have been reassigned to the Honorable Karen B. Owens.
Taxation Information
Please see below for documents related to taxation and 1099 preparation. Note that those holders who have not kept sufficient records should consult with their own tax advisors with respect to estimated or other alternatives on how to prepare their taxes in such circumstances.
U.S. Tax Reporting for Customers and/or Vendors
U.S. Tax Reporting for Employees
1099 Intake and Document Process FAQs
FAQ regarding U.S. Tax Consequences of Receiving Distributions – December 26, 2024
Important Information & Dates
Plan & Disclosure Statement
On May 7, 2024, the Debtors filed their Chapter 11 Plan of Reorganization and the Disclosure Statement related thereto. On June 26, 2024, the Bankruptcy Court entered an order approving the Disclosure Statement. The Bankruptcy Court held a hearing to consider confirmation of the Plan on October 7, 2024, at 10:00 a.m. (Eastern Time). On October 8, 2024, the Bankruptcy Court entered an order confirming the Plan. On January 3, 2025, the Effective Date of the Plan occurred, and the Plan was consummated.
Please click below to view all documents related to the Debtors' Plan & Disclosure Statement:
Deadlines to File Customer and Non-Customer Claims, Governmental Claims & Proofs of Interest
The Bankruptcy Court has set the following deadlines:
- General Non-Customer Bar Date: June 30, 2023, at 4:00 p.m. (Eastern Time)
- Proof of Interest Bar Date: June 30, 2023, at 4:00 p.m. (Eastern Time)
- Governmental Bar Date: September 29, 2023, at 4:00 p.m. (Eastern Time)
- Customer Bar Date: September 29, 2023, at 4:00 p.m. (Eastern Time)
- Amended Schedules Bar Date: October 18, 2023, at 4:00 p.m. (Eastern Time)
- Amended Bar Date for Certain Customers: February 26, 2024, at 4:00 p.m. (Eastern Time)
Please click here to download the Non-Customer and Governmental Bar Date Order and here to download the Non-Customer and Governmental Bar Date Notice. Additionally, please click here to download the Customer Bar Date Order.
Meeting of Creditors
The Meeting of Creditors (the “section 341 meeting”) was held telephonically on December 20, 2022 at 10:00 a.m. (prevailing Eastern Time).
Please click here to view and download the Meeting of Creditors/Notice of Commencement document.
First Day Hearing
A hearing on the First Day Motions (the “First Day Hearing”) was held on November 22, 2022 at 11:00 a.m. (prevailing Eastern Time) before the Honorable John T. Dorsey, United States Bankruptcy Judge, in the United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 5th Floor, Courtroom No. 5, Wilmington, Delaware 19801. A final hearing on certain of the First Day Motions was held on January 11, 2023, at 10:00 a.m. (prevailing Eastern Time).
Please click below to view and download the Debtors' First Day Motions & First Day Orders:
Customer Alerts
We are aware of active third-party scams and frauds seeking to take advantage of FTX customers. Please note that neither the FTX debtors nor any of their agents will ask you for money, fees, payments, or any passwords for your accounts in connection with the return or prospective return of customer assets. If you receive a message asking you for any information in connection with FTX or the FTX bankruptcy proceedings, do not hesitate to contact the FTX debtors directly at inquiry@ftx.com to confirm whether such message is a legitimate message from the FTX debtors or their agents prior to providing any such information.
We were informed of a data security incident that has impacted certain information related to this bankruptcy case. Additional information regarding this matter can be found at: https://ftxquestions.kroll.com/.
Committee Information Sharing Procedures
On February 7, 2023, the United States Bankruptcy Court for the District of Delaware entered an order [Docket No. 633] (the “Committee Information Sharing Procedures Order”), among other things, approving a protocol regarding creditor requests for information and authorizing the Official Committee of Unsecured Creditors appointed in the Debtors’ chapter 11 cases (the “Creditors Committee”) to establish a website (the “Creditors Committee Website”) whereby the Debtors’ creditors may access certain non-confidential and non-privileged information, as determined by the Committee in its sole discretion, that is either not otherwise readily available or that the Creditors Committee determines should be further highlighted for the Debtors’ unsecured creditors. The Creditors Committee Website can be accessed by clicking here or visiting https://dm.epiq11.com/case/ftx/info. A copy of the Committee Information Sharing Procedures Order may be accessed by clicking here or visiting the Creditors Committee Website. Certain other Committee Information Platforms may be accessed by visiting the Creditors Committee Website.
Dates
Parties
Debtors' Counsel
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Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004-2498
https://www.sullcrom.com/
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Landis Rath & Cobb LLP
919 Market Street
Suite 1800
Wilmington, DE 19801
http://lrclaw.com
United States Trustee and Court Information
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Office of the United States Trustee
844 King Street
Suite 2207
Wilmington, DE 19801
http://www.justice.gov/ust/r03/wilmington/index.htm
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United States Bankruptcy Court
District of Delaware
824 Market Street North, 3rd Floor
Wilmington, DE 19801
http://www.deb.uscourts.gov/
Debtors
| Case Number | Debtor Name | Petition Date |
|---|---|---|
| Case Number 22-11068 | Debtor Name FTX Trading Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11066 | Debtor Name Alameda Research LLC | Petition Date November 11, 2022 |
| Case Number 22-11067 | Debtor Name Alameda Research Ltd | Petition Date November 11, 2022 |
| Case Number 22-11069 | Debtor Name Alameda Research Holdings Inc. | Petition Date November 11, 2022 |
| Case Number 22-11070 | Debtor Name Clifton Bay Investments LLC | Petition Date November 11, 2022 |
| Case Number 22-11071 | Debtor Name West Realm Shires Services Inc. | Petition Date November 11, 2022 |
| Case Number 22-11072 | Debtor Name West Realm Shires Financial Services Inc. | Petition Date November 11, 2022 |
| Case Number 22-11073 | Debtor Name Ledger Holdings Inc. | Petition Date November 11, 2022 |
| Case Number 22-11074 | Debtor Name FTX Japan Holdings K.K. | Petition Date November 11, 2022 |
| Case Number 22-11075 | Debtor Name FTX Europe AG | Petition Date November 11, 2022 |
| Case Number 22-11076 | Debtor Name FTX Property Holdings Ltd | Petition Date November 11, 2022 |
| Case Number 22-11077 | Debtor Name LT Baskets Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11078 | Debtor Name Alameda TR Ltd | Petition Date November 11, 2022 |
| Case Number 22-11079 | Debtor Name Allston Way Ltd | Petition Date November 11, 2022 |
| Case Number 22-11080 | Debtor Name Analisya Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11081 | Debtor Name Atlantis Technology Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11082 | Debtor Name Bancroft Way Ltd | Petition Date November 11, 2022 |
| Case Number 22-11083 | Debtor Name Blue Ridge Ltd | Petition Date November 11, 2022 |
| Case Number 22-11084 | Debtor Name Cardinal Ventures Ltd | Petition Date November 11, 2022 |
| Case Number 22-11085 | Debtor Name Cedar Bay Ltd | Petition Date November 11, 2022 |
| Case Number 22-11086 | Debtor Name Liquid Securities Singapore Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11087 | Debtor Name Maclaurin Investments Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11088 | Debtor Name Mangrove Cay Ltd | Petition Date November 11, 2022 |
| Case Number 22-11089 | Debtor Name Paper Bird Inc | Petition Date November 11, 2022 |
| Case Number 22-11090 | Debtor Name Pioneer Street Inc. | Petition Date November 11, 2022 |
| Case Number 22-11091 | Debtor Name Quoine India Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11092 | Debtor Name Quoine Vietnam Co. Ltd | Petition Date November 11, 2022 |
| Case Number 22-11093 | Debtor Name SNG INVESTMENTS YATIRIM VE DANISMANLIK ANONIM SIRKETI | Petition Date November 11, 2022 |
| Case Number 22-11094 | Debtor Name Strategy Ark Collective Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11095 | Debtor Name Technology Services Bahamas Limited | Petition Date November 11, 2022 |
| Case Number 22-11096 | Debtor Name Verdant Canyon Capital LLC | Petition Date November 11, 2022 |
| Case Number 22-11097 | Debtor Name West Innovative Barista Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11098 | Debtor Name Western Concord Enterprises Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11099 | Debtor Name FTX Equity Record Holdings Ltd | Petition Date November 11, 2022 |
| Case Number 22-11100 | Debtor Name FTX Exchange FZE | Petition Date November 11, 2022 |
| Case Number 22-11101 | Debtor Name FTX Hong Kong Ltd | Petition Date November 11, 2022 |
| Case Number 22-11102 | Debtor Name FTX Japan K.K. | Petition Date November 11, 2022 |
| Case Number 22-11103 | Debtor Name FTX Japan Services KK | Petition Date November 11, 2022 |
| Case Number 22-11104 | Debtor Name Alameda Aus Pty Ltd | Petition Date November 11, 2022 |
| Case Number 22-11105 | Debtor Name Alameda Research (Bahamas) Ltd | Petition Date November 11, 2022 |
| Case Number 22-11106 | Debtor Name Alameda Research KK | Petition Date November 11, 2022 |
| Case Number 22-11107 | Debtor Name Alameda Research Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11108 | Debtor Name Alameda Research Yankari Ltd | Petition Date November 11, 2022 |
| Case Number 22-11109 | Debtor Name Alameda TR Systems S. de R. L. | Petition Date November 11, 2022 |
| Case Number 22-11110 | Debtor Name Blockfolio, Inc. | Petition Date November 11, 2022 |
| Case Number 22-11111 | Debtor Name Clifton Bay Investments Ltd | Petition Date November 11, 2022 |
| Case Number 22-11112 | Debtor Name Cottonwood Grove Ltd | Petition Date November 11, 2022 |
| Case Number 22-11113 | Debtor Name Crypto Bahamas LLC | Petition Date November 11, 2022 |
| Case Number 22-11114 | Debtor Name Deep Creek Ltd | Petition Date November 11, 2022 |
| Case Number 22-11115 | Debtor Name Digital Custody Inc. | Petition Date November 11, 2022 |
| Case Number 22-11116 | Debtor Name FTX (Gibraltar) Ltd | Petition Date November 11, 2022 |
| Case Number 22-11117 | Debtor Name FTX Canada Inc | Petition Date November 11, 2022 |
| Case Number 22-11118 | Debtor Name FTX Digital Holdings (Singapore) Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11119 | Debtor Name FTX Products (Singapore) Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11120 | Debtor Name FTX Services Solutions Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11122 | Debtor Name FTX Structured Products AG | Petition Date November 11, 2022 |
| Case Number 22-11123 | Debtor Name FTX Trading GmbH | Petition Date November 11, 2022 |
| Case Number 22-11124 | Debtor Name FTX Zuma Ltd | Petition Date November 11, 2022 |
| Case Number 22-11125 | Debtor Name Global Compass Dynamics Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11126 | Debtor Name Goodman Investments Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11127 | Debtor Name Hawaii Digital Assets Inc. | Petition Date November 11, 2022 |
| Case Number 22-11128 | Debtor Name Innovatia Ltd | Petition Date November 11, 2022 |
| Case Number 22-11129 | Debtor Name Island Bay Ventures Inc | Petition Date November 11, 2022 |
| Case Number 22-11131 | Debtor Name Killarney Lake Investments Ltd | Petition Date November 11, 2022 |
| Case Number 22-11132 | Debtor Name Zubr Exchange Ltd | Petition Date November 11, 2022 |
| Case Number 22-11134 | Debtor Name Alameda Global Services Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11136 | Debtor Name Cottonwood Technologies Ltd | Petition Date November 11, 2022 |
| Case Number 22-11138 | Debtor Name Deck Technologies Holdings LLC | Petition Date November 11, 2022 |
| Case Number 22-11139 | Debtor Name Deck Technologies Inc. | Petition Date November 11, 2022 |
| Case Number 22-11141 | Debtor Name Euclid Way Ltd | Petition Date November 11, 2022 |
| Case Number 22-11143 | Debtor Name FTX Digital Assets LLC | Petition Date November 11, 2022 |
| Case Number 22-11145 | Debtor Name FTX EMEA Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11149 | Debtor Name FTX US Trading, Inc. | Petition Date November 11, 2022 |
| Case Number 22-11150 | Debtor Name Hive Empire Trading Pty Ltd | Petition Date November 11, 2022 |
| Case Number 22-11151 | Debtor Name Liquid Financial USA Inc. | Petition Date November 11, 2022 |
| Case Number 22-11152 | Debtor Name LiquidEX LLC | Petition Date November 11, 2022 |
| Case Number 22-11153 | Debtor Name North Dimension Inc | Petition Date November 11, 2022 |
| Case Number 22-11154 | Debtor Name North Wireless Dimension Inc. | Petition Date November 11, 2022 |
| Case Number 22-11155 | Debtor Name LedgerPrime Bitcoin Yield Enhancement Master Fund LP | Petition Date November 11, 2022 |
| Case Number 22-11156 | Debtor Name LedgerPrime Digital Asset Opportunities Fund, LLC | Petition Date November 11, 2022 |
| Case Number 22-11157 | Debtor Name LedgerPrime Digital Asset Opportunities Master Fund LP | Petition Date November 11, 2022 |
| Case Number 22-11158 | Debtor Name LedgerPrime LLC | Petition Date November 11, 2022 |
| Case Number 22-11159 | Debtor Name LedgerPrime Ventures, LP | Petition Date November 11, 2022 |
| Case Number 22-11160 | Debtor Name North Dimension Ltd | Petition Date November 11, 2022 |
| Case Number 22-11161 | Debtor Name Quoine Pte Ltd | Petition Date November 11, 2022 |
| Case Number 22-11162 | Debtor Name Cedar Grove Technology Services, Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11163 | Debtor Name DAAG Trading, DMCC | Petition Date November 11, 2022 |
| Case Number 22-11164 | Debtor Name FTX Certificates GmbH | Petition Date November 11, 2022 |
| Case Number 22-11165 | Debtor Name FTX Crypto Services Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11166 | Debtor Name FTX EU Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11167 | Debtor Name FTX Lend Inc. | Petition Date November 11, 2022 |
| Case Number 22-11168 | Debtor Name FTX Marketplace, Inc. | Petition Date November 11, 2022 |
| Case Number 22-11169 | Debtor Name FTX Switzerland GmbH | Petition Date November 11, 2022 |
| Case Number 22-11170 | Debtor Name FTX TURKEY TEKNOLOJI VE TICARET ANONIM SIRKET | Petition Date November 11, 2022 |
| Case Number 22-11171 | Debtor Name FTX US Services, Inc. | Petition Date November 11, 2022 |
| Case Number 22-11172 | Debtor Name FTX Ventures Ltd. | Petition Date November 11, 2022 |
| Case Number 22-11173 | Debtor Name GG Trading Terminal Ltd | Petition Date November 11, 2022 |
| Case Number 22-11174 | Debtor Name Good Luck Games, LLC | Petition Date November 11, 2022 |
| Case Number 22-11175 | Debtor Name Hannam Group Inc | Petition Date November 11, 2022 |
| Case Number 22-11176 | Debtor Name Hilltop Technology Services LLC | Petition Date November 11, 2022 |
| Case Number 22-11177 | Debtor Name LedgerPrime Bitcoin Yield Enhancement Fund, LLC | Petition Date November 11, 2022 |
| Case Number 22-11183 | Debtor Name West Realm Shires Inc. | Petition Date November 14, 2022 |