Case 22-11068-JTD
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Filed 04/12/23
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IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
Chapter 11
FTX TRADING LTD., et al., 1
Case No. 22-11068 (JTD)
Debtors.
(Jointly Administered)
NOTICE OF FILING HEARING PRESENTATION
PLEASE TAKE NOTICE that FTX Trading Ltd. and its affiliated debtors and debtorsin-possession (collectively, the “Debtors”) hereby file the presentation (the “Presentation”),
attached hereto as Exhibit A, that was used at the April 12, 2023 omnibus hearing before the
United States Bankruptcy Court for the District of Delaware (the “Court”).
PLEASE TAKE FURTHER NOTICE that copies of the Presentation and other
pleadings filed in the above-captioned chapter 11 cases may be obtained free of charge from the
website
maintained
by
the
Debtors’
noticing
and
claims
agent
at
https://restructuring.ra.kroll.com/FTX/. You may also obtain copies from the Court’s website at
www.deb.uscourts.gov for a fee.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
1
The last four digits of FTX Trading Ltd.’s and Alameda Research LLC’s tax identification number are 3288 and
4063 respectively. Due to the large number of debtor entities in these Chapter 11 Cases, a complete list of the
Debtors and the last four digits of their federal tax identification numbers is not provided herein. A complete list
of such information may be obtained on the website of the Debtors’ claims and noticing agent at
https://cases.ra.kroll.com/FTX. The principal place of business of Debtor Emergent Fidelity Technologies Ltd is
Unit 3B, Bryson’s Commercial Complex, Friars Hill Road, St. John’s, Antigua and Barbuda.
{1368.002-W0070559.}
Case 22-11068-JTD
Dated: April 12, 2023
Wilmington, Delaware
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Filed 04/12/23
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LANDIS RATH & COBB LLP
/s/ Matthew R. Pierce
Adam G. Landis (No. 3407)
Kimberly A. Brown (No. 5138)
Matthew R. Pierce (No. 5946)
919 Market Street, Suite 1800
Wilmington, Delaware 19801
Telephone: (302) 467-4400
Facsimile: (302) 467-4450
E-mail: landis@lrclaw.com
brown@lrclaw.com
pierce@lrclaw.com
-andSULLIVAN & CROMWELL LLP
Andrew G. Dietderich (admitted pro hac vice)
James L. Bromley (admitted pro hac vice)
Brian D. Glueckstein (admitted pro hac vice)
Alexa J. Kranzley (admitted pro hac vice)
125 Broad Street
New York, NY 10004
Telephone: (212) 558-4000
Facsimile: (212) 558-3588
E-mail: dietdericha@sullcrom.com
bromleyj@sullcrom.com
gluecksteinb@sullcrom.com
kranzleya@sullcrom.com
Counsel for the Debtors
and Debtors-in-Possession
{1368.002-W0070559.}
2
Case 22-11068-JTD
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Exhibit A
{1368.002-W0070559.}
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Case 22-11068-JTD
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Case Update
April 12, 2023
In re FTX Trading LTD., et al., Case No. 22-11068 (JTD)
Case 22-11068-JTD
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Assets Available for Stakeholder Recovery – Petition Date Pricing
$6.2 billion in assets collected
USD in Billions
$6.2
Settlements &
Investments Receivable
$5.0
Legend
$6.0
$0.6
$5.4
Securities
Category A Crypto1
$0.3
$0.3
Cash
(reported amounts)
$4.0
$3.3
$3.0
$2.0
$0.3
$3.4
$1.8
$1.0
$1.2
$-
$3.4
Petition Date
November 11, 2022
$1.7
Second Day Hearing
January 11, 2023
Notes:
1. Category A Assets are tokens with a market capitalization of at least 15M and an average daily trading volume of at least 1M during the past 30 days
$2.0
Today
April 12, 2023
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Case 22-11068-JTD
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Assets Available for Stakeholder Recovery – Current Market Pricing
$7.3 billion in assets collected
USD in Billions
Settlements &
Investments Receivable
Legend
$7.0
$6.0
$7.3
$0.5
Securities
Category A Crypto1
Cash
$5.0
$0.6
(reported amounts)
$5.4
$0.3
$4.3
$4.0
$3.3
$3.0
$2.0
$0.3
$1.8
$1.0
$1.2
$-
$3.4
Petition Date
November 11, 2022
$1.7
Second Day Hearing
January 11, 2023
Notes:
1. Category A Assets are tokens with a market capitalization of at least 15M and an average daily trading volume of at least 1M during the past 30 days
$2.0
Today
April 12, 2023
3
Case 22-11068-JTD
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Significant Events
Investigations & Governmental Cooperation
1.3 Terabytes of Data
Operations
10 Million Accounts
Reconciled
Accounting & Tax
Balance Sheet Reconstruction
First Interim Report
AWS Fortified
Schedules & Statements
Guilty Pleas of Insiders
Key Employees Retained
Additional SBF Indictment
Tax Preparation
13 Leases Exited
DOJ Asset Seizures
Withdrawals Enabled
at FTX Japan
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Significant Events
Asset Management
$7.3B Total Collected Assets
$1.5B 345A Compliant Cash
$0.5B Other Cash
$1.6B Cat. A Crypto in
Debtor Cold Storage
Legal Actions
M&A & Venture Book Activity
$460M Modulo Settlement
$96M Mysten Labs
$53M Deltec Settlement
Voyager, BlockFi & Genesis
$45M Sequoia
Venture Book
Other Avoidance Actions
Grayscale Litigation
$5M De Minimis
$2.7B Other Category A Crypto
Turnover Actions
Ongoing Sale Processes
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Case 22-11068-JTD
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Target Plan Timeline
Target Plan
Confirmation
Initial
Plan Filed
Plan Solicitation
Non-Customer
Bar Date (7/31)
Exchange Restart
Assessment
Customer
Bar Date (9/30)
Omnibus
Hearing
Initial Plan
Discussions
Today
Q2 2023
Disclosure Statement
Hearing
Government
Bar Date (9/30)
Q3 2023
Disclosure
Statement Filed
Q4 2023
Q1 2024
Q2 2024
Asset Recovery Efforts Continue Throughout
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