FTX Creditors Set for $4.3B Payout as Court Approves Claims Reduction
FTX Recovery Trust to distribute $4.3B to approved claimants on September 30 after Bankruptcy Court ruling, excluding unverified and restricted claims.
FTX Recovery Trust to distribute $4.3B to approved claimants on September 30 after Bankruptcy Court ruling, excluding unverified and restricted claims.
FTX staked $125M in ETH and SOL amid bankruptcy, raising fresh concerns over repayment timing and creditor transparency.
Backpack launches a no-fee portal to connect FTX claim holders with buyers, aiming to help users in restricted regions access liquidity.
FTX asks a US court to approve a new claims process for users in 49 restricted regions, risking payouts to Chinese users due to the crypto ban.
FTX has started its $5 billion second payout to creditors, with eligible customers receiving up to 120% through Kraken or BitGo within three days.
FTX launches its $5B Second Distribution with up to 120% payouts, yet creditor disputes persist over crash-era valuation rulings.
FTX’s $5B stablecoin payout arrives during a crypto rebound, reshaping market dynamics and aligning with U.S. pro-crypto policies.
Backpack Exchange begins FTX EU withdrawals from May 12, 2025, following its $32.7M acquisition and $55M fund allocation.
FTX files lawsuits against NFT Stars and Delysium, accusing them of withholding tokens vital to its estate recovery and creditor repayments.
U.S. court allows 3AC liquidators to expand their claim against FTX to $1.53 billion, dismissing objections from FTX’s debtors.
FTX unstaked 3.03M SOL, hinting at exchange deposits. Solana dropped 20.63%, while FTX’s $16B creditor repayment begins.
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