FTX Trading Ltd. Case No. 22-11068

FTX Trading Ltd. Case No. 22-11068. 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 Debtors 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). The remaining cases are pending before the Honorable John T. Dorsey and are jointly administered under Case No. 22-11068.

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

Important Information & Dates

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)

Click on “Submit a Claim” above to download a proof of claim form and for more information regarding filing a claim against the Debtors.  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:

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.

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.

Debtors’ Counsel

• Sullivan & Cromwell LLP125 Broad Street
  New York, NY   10004-2498
  https://www.sullcrom.com/New-York-United-States
  
  
• Landis Rath & Cobb LLP919 Market Street
  Suite 1800
  Wilmington, DE   19801
  http://lrclaw.com
  
  

United States Trustee and Court Information

• Office of the United States Trustee844 King Street
  Suite 2207
  Wilmington, DE   19801
  http://www.justice.gov/ust/r03/wilmington/index.htm
  
  
• United States Bankruptcy CourtDistrict of Delaware
  824 Market Street North, 3rd Floor
  Wilmington, DE   19801
  http://www.deb.uscourts.gov/

Debtors

Source: https://restructuring.ra.kroll.com/FTX/