FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Cryptocurrency

FTX says it is owed billions. It has filed about a dozen lawsuits to realise its claims

Bankrupt crypto exchange, which collapsed a little over a year ago, said more litigation could be coming in its second year of restructuring

By

Becky Yerak, The Wall Street Journal

FTX said in a September presentation to creditors that it had identified $16.6bn in potential clawback actions
FTX said in a September presentation to creditors that it had identified $16.6bn in potential clawback actions Photo: Omar Marques/Getty Images

FTX is on the hunt for billions of dollars that the cryptocurrency exchange says it is owed. Since filing for bankruptcy in November 2022, the company — through a dozen or so lawsuits — has been trying to claw back the money. FTX is expected to file more such lawsuits in 2024.

“There are many more actions coming as a result of our comprehensive investigation,” an FTX spokesperson said.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade