FTX Trading Ltd., operating as FTX.com, and its affiliated debtors (collectively referred to as the “FTX Debtors”), have received court approval from the U.S. Bankruptcy Court to establish the “Customer Bar Date” as September 29, 2023, at 4:00 p.m. Eastern Time. This milestone marks a significant step forward in the Chapter 11 cases, allowing the FTX Debtors to proceed with the claims process and focus on maximizing creditor recovery.
Customer Claims Portal and Bar Date
To simplify and streamline the claims process for customers, FTX Debtors are in the final stages of developing an online claims portal. Although the portal is not live yet, it is expected to be launched in the coming days. In the meantime, the FTX Debtors will notify all known customers via email and mail over the next few weeks, providing instructions on how to submit proofs of claims.
Accessing Bankruptcy Court Filings for FTX Debtors
Customers seeking information about the court proceedings and how to submit a claim can find U.S. Bankruptcy Court filings and relevant documents. This resource serves as a central hub for accessing the necessary information and updates related to the FTX Debtors’ Chapter 11 cases.
The FTX Debtors have assembled a team of trusted advisors to navigate the bankruptcy process. Sullivan & Cromwell LLP is serving as their legal counsel, while Alvarez & Marsal North America, LLC provides financial advisory services. Perella Weinberg Partners LP acts as the investment banker, and Quinn Emanuel Urquhart & Sullivan, LLP serves as special counsel. Additionally, Landis Rath & Cobb LLP provides Delaware counsel. Representing the UCC (Unsecured Creditors Committee) is Paul Hastings LLP as legal counsel, FTI Consulting as a financial advisor, Jefferies LLC as an investment banker, and Young Conaway Stargatt & Taylor LLP as Delaware counsel.
As the FTX Debtors move forward with the claims process, they remain committed to delivering transparency, efficient communication, and a fair resolution for all parties involved.