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 »
FTX Trading Ltd. and the FTX Recovery Trust announced today that distributions under the FTX Chapter 11 Plan of Reorganization will resume on May 30, 2025. The forthcoming round, known as the Second Distribution, will be made to eligible creditors in the Convenience and Non-Convenience Classes who have completed all required steps, including KYC verification,
FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave Read More »
Bitcoin Magazine FTX to Begin $5 Billion Creditor Payouts Starting May 30 FTX Recovery Trust announced that they will begin distributions of more than $5 billion to approved creditors on May 30, 2025, as outlined in the Chapter 11 Plan of Reorganization. This will apply to holders of allowed claims in the Plan’s Convenience and
FTX to Begin $5 Billion Creditor Payouts Starting May 30 Read More »
Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind the fast-rising AI code editor Cursor. The now-defunct crypto exchange, through its trading arm Alameda Research, had invested $200,000 in Anysphere during its 2022 seed round. However, bankruptcy managers sold the
FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K Read More »
Defunct exchange FTX has filed a lawsuit against digital collectible marketplace NFT Stars and Kurosemi, the company behind the gaming platform Delysium, over a dispute involving undelivered tokens. The FTX lawsuit claims both firms breached their investment agreements by allegedly failing to deliver the agreed-upon digital assets. FTX’s estate has also warned it may take
FTX Sues NFT Stars and Kurosemi over $1.3M Token Shortfall Read More »
FTX has launched new legal action against NFT marketplace NFT Star and AI platform Delysium, stepping up efforts to recover missing assets for its creditors. The bankrupt crypto exchange accuses both companies of failing to deliver tokens purchased under binding Simple Agreements for Future Tokens (SAFTs), a standard fundraising method crypto startups use before a
FTX pursues NFT Star and Delysium to recover millions in missing tokens Read More »
