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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.

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