Firm News

Kleinberg Kaplan’s Matthew Gold Quoted in The Block Article on FTX’s Bankruptcy Lawyers

Firm News | April 4, 2024 | Creditors’ Rights and Bankruptcy Litigation | Digital Assets and Cryptocurrency

Kleinberg Kaplan partner Matthew Gold was recently quoted in The Block article, “The Pulse: The world is moving beyond Sam Bankman-Fried.” This second edition in a weekly series by The Block’s Editor-In-Chief covers topics including Sam Bankman-Fried’s sentence, FTX’s efforts to sell locked Solana tokens, and emerging Bitcoin ETFs in Hong Kong. On the topic of FTX’s complex bankruptcy proceedings, Matt shared insights into the legal challenges facing FTX’s bankruptcy lawyers, who are facing an investigation by a court-appointed examiner.

In the article, Matt explained that the situation in FTX is peculiar due to the unusual timing of the legal challenges against the debtor’s counsel. He further shared, “In FTX, because the bankruptcy judge denied the appointment of an examiner, and the appeal of that ruling took time, the result is that the examiner is beginning his work more than a year and a half after the case began. That is very unusual.”

To read the full Block article, please click here.