FTX News
FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway
A breakthrough for FTX creditors has emerged this week, as multiple claimants were officially verified under the separate Bahamas legal process, marking a long-awaited step forward. Creditor representative Sunil Kavuri...
Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims
A group of Chinese creditors is fighting back against their exclusion from the FTX bankruptcy process, as $1.4 billion in claims remain unresolved. Over $380 million in claims from China...
Does FTX Still Have a Future — And What About FTT Token?
FTX is moving forward with customer repayments and legal settlements following its collapse in 2022, even as its native token, FTT, continues to struggle in the market. With legal battles...
Will FTX Claims Include Countries Where Cryptocurrency Activities Are Restricted or Banned?
FTX Recovery Trust has filed a motion in Delaware’s bankruptcy court to establish a process for handling claims from 49 countries where cryptocurrency trading is banned or illegal. The FTX...
FTX Claims 3AC’s $1.53 Billion Bid Is a ‘Baseless’ Attempt to Dump Risk
The new management team for the collapsed crypto exchange FTX has formally objected to a $1.53 billion claim from Three Arrows Capital (3AC). In a new court filing, they argue...
Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit
As the FTX saga continues, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement to resolve a lengthy class-action lawsuit over allegations that he promoted the now-defunct cryptocurrency...
The FTX Saga Continues: Payoneer Joins Payouts, Shaq Settles for $1.8 Million, and Binance Fights Back
The fallout from the collapse of FTX continues to unfold on multiple fronts, with new developments in customer repayments, celebrity accountability, and a high-stakes legal battle between the FTX estate...
FTX will distribute over $5 Billion in stablecoins to creditors on Friday this week
The cryptocurrency market is bracing for a major shake-up as FTX prepares to release over $5 billion in stablecoins to creditors on May 30. As highlighted by Miles Deutscher Finance,...
Nearly Half of Korean Crypto Investors View FTX Payouts as Negative
A survey by CoinNess and Cratos shows that 41.7% of Korean crypto investors perceive FTX payouts as a bearish development, attributing this sentiment to the fading effect of the initial...
FTX to Distribute Over $5 Billion to Creditors Starting May 30 Under Reorganization Plan
FTX Trading Ltd., the collapsed crypto exchange once helmed by Sam Bankman-Fried, will begin a large-scale distribution of over $5 billion to its creditors starting May 30, 2025. This second...
FTX EU Fund Claims: Backpack Finally Opens Euro Withdrawals
Backpack crypto wallet and exchange has initiated the process for former FTX EU customers to claim their Euro funds. Eligible FTX customers can do so after completing a two-step process...
FTX’s $500M Loss: Why Selling Its Cursor Stake for $200K Was a Huge Mistake
FTX Exchange gave up $500 million in potential earnings from its early investment in Cursor, an AI-powered code editor. FTX’s financial stakeholders now face the complete loss of their investment...
All Eyes on May 30: FTX Repayments Could Mark Market Bottom as SEC Stalls ETF Reviews
The crypto world is staring down May 30 when two major events scheduled for that day could significantly impact digital asset markets: the long-awaited FTX creditor repayments and looming decision...
Another FTX Victim? Taiwan’s Steaker Platform Executives Face Charges
Taiwanese authorities have charged four senior executives of digital asset management platform Steaker for allegedly raising NT$1.48 billion ($45.8 million) through unauthorized cryptocurrency investment schemes. The Taipei Prosecutors’ Office confirmed...
“I Wonder”: CZ Speculates on FTX’s Possible Role in LUNA Collapse
After Three Arrows Capital (3AC) accused FTX of wrongfully liquidating $1.53 billion in assets, Binance co-founder Changpeng Zhao has now questioned FTX’s role in the 2022 LUNA/UST crash. Binance co-founder...
SBF in Solitary After Tucker Interview: Trump Pardon Odds Jump
Sam Bankman-Fried, the former CEO of FTX, has been placed in solitary confinement after giving an unauthorized interview with Tucker Carlson. The interview, which was done without the approval of...
SBF Breaks Silence from Prison: Blasts Biden, SEC, and “Muffin” Currency
Disgraced FTX founder Sam Bankman-Fried, now serving a 25-year sentence for fraud and conspiracy charges, gave a rare interview from federal prison, talking with former Fox News host Tucker Carlson.. ...
FTX/Alameda Unstakes $432M in SOL Sending Tokens to Exchanges, Adds to SOL Price Pressure
FTX/Alameda Research performed the largest unstaking of Solana (SOL) tokens since November 2023, moving 3.03 million SOL, valued at roughly $432.5 million. These tokens were sent to 37 wallets, likely...
Biden-Linked FTX Donations: Did $10M Buy SBF a Regulatory Soft Touch From SEC?
The FTX collapse continues to fuel serious questions about whether regulators showed favoritism and were influenced by politics. As crypto lawyer John E Deaton points out, Sam Bankman-Fried (SBF), the...
From Prison, SBF Claims FTX Had Funds, Blames ‘Liquidity Panic’
Sam Bankman-Fried (SBF), the former head of the defunct-FTX exchange, has offered his take on the company’s downfall in a recent prison interview. SBF firmly denied that FTX went bankrupt,...
FTX Creditors to Be Repaid Starting Feb 18, but at 2022’s Rock-Bottom Prices
Nearly two years since its collapse in November 2022, the now-defunct crypto exchange FTX will begin its much-awaited creditor repayments starting February 18th. And so now, crypto market watchers are...
FTX Sets Date to Repay Smaller Claims, Bitcoin Price Aside
Failed cryptocurrency exchange FTX says it will pay back some creditors from the Bahamas on February 18, 2025. This repayment is aimed at customers with claims under $50,000 and will...
Bankman-Fried Seeks Trump Pardon, LayerZero Settles with FTX Estate
Jailed FTX founder Sam Bankman-Fried, is now seeking clemency from President Donald Trump. Meetings by his parents, Stanford Law School professors Joseph Bankman and Barbara Fried, with lawyers and key...
FTX Distribution Delays: Key Updates on Restricted Country Payouts
Many FTX creditors face delays in receiving their funds as the cryptocurrency exchange continues with its complex Chapter 11 bankruptcy process. While progress has been made on the reorganization plan,...
FTX/Alameda Redeems Over 4M SOL Tokens: A Closer Look at Transfers
FTX/Alameda continues to redeem and transfer large amounts of Solana (SOL) from its staking address. Just three hours ago, roughly 182,421 SOL (worth about $32.35 million) were redeemed and sent...
