Bankrupt crypto exchange FTX has announced that it will begin its next round of cash distributions to creditors on or around September 30, 2025. The record date for eligible claimants is set for August 15. Key Takeaways: FTX will begin its next round of cash payouts to approved creditors on September 30. A $1.9 billion […]
FTX to Begin Next Round of Cash Payouts After Claims Reserve Cut by $1.9B Read More »
FTX is seeking court approval to dispute claims from 49 restricted jurisdictions, with Chinese users accounting for 82% of the total value, despite constituting only 5% of the allowed claims in these territories. The move creates a new hurdle for creditors in countries where crypto trading is subject to legal restrictions or where FTX lacked
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 »
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 »
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 »
FTX is poised to embark on a significant milestone On May 30, 2025, FTX is poised to embark on a significant milestone in its bankruptcy proceedings by distributing over $5 billion to its creditors. This massive disbursement marks the second round of payments under the company’s Chapter 11 reorganization plan, following an initial $1.2 billion
FTX’s $5 Billion Creditor Payout: A Milestone in Recovery Read More »
