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Exchange News

SBF Insists Liquidity Issues, not Bankruptcy, Led to FTX...

SBF (Sam Bankman-Fried) claims FTX faced liquidity issues, not bankruptcy, as he appeals his conviction. He criticizes regulators and hopes for a pardon. Sam Bankman-Fried,...
Exchange News

FTX Announces Next Repayment Round for Creditors on May...

FTX schedules the next repayment for May 30, 2025. Creditors must complete KYC, and tax forms, and verify claims for smooth transactions. FTX Trading Ltd....
Exchange News

FTX Sends First Batch of Funds to Creditors Under...

FTX starts repaying creditors under $50K, notifying them via email. Some face KYC issues, and funds are distributed through selected service providers. FTX has started...
News

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...
Exchange News

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...
Exchange News

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...
Crypto Scams

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...
Exchange News

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...
Exchange News

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...
Exchange News

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...
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