FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday. Key Takeaways: FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts. The Chapter 11 repayment plan aims to return up to $16.5 billion to former […]
FTX Creditors Can Now Choose Payoneer for Post-Bankruptcy Payments Read More »
FTX, the bankrupt crypto exchange, has added Payoneer to its creditors’ repayment options, according to a June 10 statement. The new company would serve as an additional asset distribution channel, alongside BitGo and Kraken. Payoneer operates a global payments platform across more than 190 countries and territories. Under the agreement, Payoneer will help distribute funds
On Friday, the estate managing the collapsed crypto exchange FTX announced that its recovery trust had begun disbursing over $5 billion tied to both convenience and non-convenience class claims. As distributions roll out over the following three days, Coinbase Institutional observed in its weekly briefing that this injection of capital could invigorate liquidity across crypto
$5B in FTX Funds Are Hitting Wallets—Will Crypto Markets Get a Second Wind? Read More »
Key Takeaways: FTX Recovery Trust began a $5B second payout to eligible creditors on May 30. Creditors will receive up to 72% payouts, with payments processed via Kraken and BitGo. Distributions could trigger short-term crypto market volatility as recovered funds enter circulation. The FTX Recovery Trust has launched a second wave of payments to creditors,
FTX Recovery Trust Begins $5B Second Payout to Creditors Read More »
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Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison following his conviction on seven counts of fraud and conspiracy. However, this sentence could be significantly reduced, according to Monday reports. How FTX Founder’s
Early Freedom: FTX’s Sam Bankman-Fried’s Sentence Reduced By Over 4 Years Read More »
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for his role in a fraud scheme involving the misappropriation of customer funds to his hedge fund, Alameda Research. According to a Business Insider report, the Bureau of Prisons (BOP) estimates that he could be released as early as December 14, 2044,
Sam Bankman-Fried Reportedly Could Be Released Four Years Early Read More »
Key Notes SBF is estimated to gain his freedom by December 14, 2044, earlier than planned. Bankman-Fried was found guilty of all seven charges levied against him, bagging a 25-year sentence. His parents, Joseph Bankman and Barbara Fried, seek a presidential pardon for their son. FTX founder Sam Bankman-Fried (SBF) is unlikely to serve the
FTX Founder Sam Bankman-Fried To Leave Jail Earlier Read More »
Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative
Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative Read More »
FTX Token (FTT) has jumped nearly 14% in the past 24 hours, surging as the market reacts to the latest FTX news. On May 15, FTX announced its $5 billion creditor distribution will begin on May 30, 2025. Market reaction aligned with top altcoins’ quest to bounce despite notable risk-off sentiment. The FTX Token (FTT)
FTX Token surges 14% ahead of $5B creditor distribution Read More »
