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What will be the status of FTX's bankruptcy proceedings by end of 2025?
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Resolution / Starting Odds
Fully resolved • 25%
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Ongoing • 25%
Abandoned • 25%
Official announcements from FTX or court documents
Story
FTX Sues Binance and Ex-CEO Zhao Over $1.8 Billion FTT Transaction by Imprisoned Bankman-Fried
Nov 11, 2024, 08:37 AM
FTX, the bankrupt crypto exchange, has filed a lawsuit against Binance and its former CEO Changpeng Zhao, seeking to claw back almost $1.8 billion in funds that it alleges were fraudulently transferred by Sam Bankman-Fried, who is currently in prison. FTX accuses Binance and Zhao of obtaining the funds by selling FTT tokens in July 2021 and aims to recover the assets as part of its bankruptcy proceedings.
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Approval of a new plan • 25%
Sale of significant assets • 25%
Merger with another entity • 25%
Other • 25%
Full liquidation • 25%
Reorganization and relaunch • 25%
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Plan executed with partial distribution • 25%
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Asset recovery announcement • 25%
Major creditor settlement • 25%
New fraud revelation • 25%
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Pending decision • 25%
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No Recovery • 25%
Pending • 25%
Seizure of assets • 25%
Return of assets to investors • 25%
Additional lawsuits filed • 25%
Other legal actions • 25%
Full recovery • 25%
Partial recovery • 25%
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