Tag: FTX

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Exchange News

FTX Begins Second Round of $5B Creditor Payments

FTX begins $5B creditor repayments under court-approved reorganization plan. Bitgo and Kraken facilitate the secure distribution of funds to claimants. Dotcom users receive...
Stablecoins

FTX Set to Distribute $5B in Stablecoins to Creditors

FTX will provide investors $5B in stablecoins by May 2025. Total claims are $11.745M, with recoveries at 123%-138%. The 2022 asset valuations used...
Exchange News

Binance Urges Court to Dismiss $1.76 Billion FTX Lawsuit

Binance urges U.S. court to dismiss FTX’s $1.76B lawsuit. Binance blames FTX’s collapse on internal fraud, not interference. FTX claims Binance deal and...
Exchange News

FTX Moves to Recover Assets, Files Lawsuits Against NFT Stars and Delysium

FTX sues NFT Stars and Delysium over undelivered crypto tokens. Company warns of more lawsuits against unresponsive token issuers. Cryptocurrency platform FTX has filed...
Exchange News

FTX Cancels Nearly 392,000 Customer Claims Over KYC Failure

FTX cancels 392,000 claims after KYC deadline passes, worth $2.5B It eliminates $2.5b claims due to KYC noncompliance The Exchange focuses on Unresolved...
Exchange News

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

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 30

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 $50K

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

Sam Bankman-Fried Appeals Conviction, Claims Judicial Bias

Sam Bankman-Fried appeals conviction, claiming judicial bias and unfair trial. His defense argues FTX investments could have restored financial stability. Sam Bankman-Fried has filed an...
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 Dispute

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...
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