Kroll Challenges Class Suit Over 2023 FTX Bankruptcy Data Breach

Corporate bankruptcy service provider Kroll Restructuring Administration LLC moved for arbitration in a lawsuit brought by a proposed class surrounding a data breach that exposed claimants’ personal details in the bankruptcies of FTX Trading Ltd., BlockFi Inc., and Genesis Global Holdco LLC.

Alternatively, the case should be transferred to Delaware or dismissed, Kroll said in a Monday filing in the US District Court for the Western District of Texas. If the arbitration request is approved, the ask for a venue change and the motion to dismiss would become moot.

Kroll failed to adequately address and mitigate the fallout from an ...