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FTX Creditors in the Bahamas to Receive First Repayments...

FTX to repay creditors in the Bahamas by February 18, 2025, with 9% interest, marking a significant step in restructuring. FTX Digital Markets has announced...

FTX Reaches $700M Settlement With K5 Global

FTX settlements with K5 Global, securing $700M in assets to help creditors repay. The exchange's legal fights continue, including attempts to collect assets...

FTX Reaches Settlement with K5 Global to Resolve Legal...

FTX reaches a settlement with K5 Global, advancing its recovery plan, stabilizing operations, and ensuring fair stakeholder compensation. FTX has reached a settlement with K5...

Ontario Teachers’ Pension Plan Faces Lawsuit Over FTX Losses

OTPP is facing allegations for a failed FTX investment. Critics have accused the board of breaking fiduciary duties in due diligence. Ontario Teachers' Pension...

Backpack Exchange Acquires FTX EU, Prioritizing Customer Fund Returns

Backpack Exchange acquires FTX EU, prioritizing customer fund returns, MiFID II license, and expanding crypto trading across Europe. Backpack Exchange has acquired FTX EU and...

Backpack Exchange Acquires FTX EU to Expand in Europe

Backpack Exchange has obtained MiFID II authorization for FTX EU. SEPA connectivity enables quick, low-cost transactions throughout Europe. Backpack Exchange, a fully regulated global...

FTX Starts Repaying Creditors After Two-Year Wait

FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal. The company will settle smaller claims under $50,000 within 60 days. FTX is...

FTX Announces January 2025 as Effective Date for Reorganization...

FTX announces its Chapter 11 plan's effective date as January 3, 2025, with BitGo and Kraken assisting in customer recovery. FTX, the cryptocurrency exchange once...

US Government Shuffles FTX Funds Amid Bitcoin Moves

US shifted $33.6M in seized crypto to anonymous wallets from FTX cases. FTX repayment notifications continue to feed altcoin's upward momentum. Altcoins are having...

Three Arrows Capital Has Filed to Increase Its FTX...

3AC has increased its $120 million claims from FTX to $1.5 billion over a liquidation made by the defunct exchange two weeks before the...

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