After a tumultuous chapter, FTX creditors are set to receive over $5 billion in cash starting May 30th, 2025. This major payout is a result of the Chapter […]
FTX to Distribute $5.4 Billion in Creditors’ Payouts, Starting May 30
Crypto exchange FTX is set to begin distributing over $5.4 billion to its creditors starting on May 30th. This follows court approval and asset recovery efforts, with the […]
FTX Plans $5 Billion Payout to Creditors by May 2025
FTX is set to distribute a substantial $5 billion to its creditors by May 2025, marking progress in the company’s recovery after one of cryptocurrency’s biggest bankruptcies. The […]
FTX Announces Second Creditor Payouts: $5 Billion Distribution for Impactful Recovery
FTX is commencing the distribution of a significant $5 billion to creditors impacted by its bankruptcy. This second payout, scheduled to begin May 30th, marks an important milestone […]
FTX to Commence $5 Billion Creditor Payments in May 2025
FTX will distribute over $5 billion to creditors as part of their Chapter 11 bankruptcy proceedings. This payment is scheduled for May 30, 2025, after an initial distribution […]
FTX Announces Second Distribution Phase for Over $5 Billion in Creditor Funds
The defunct cryptocurrency exchange, FTX, has announced the commencement of the second phase of fund distribution to creditors, aiming to disburse over $5 billion in assets. This initiative […]
FTX to Pay $5 Billion to Creditors in May 2025
FTX has announced a significant step towards repaying its creditors, outlining a $5 billion distribution plan for May 2025. The company’s commitment to fulfilling financial obligations is being […]
FTX to Distribute Over $5 Billion in Second Payment to Creditors
The cryptocurrency exchange FTX, now in Chapter 11 bankruptcy, is set to distribute over $5 billion in a second payment to creditors on May 30th. This move marks […]
FTX Lawsuits NFT Stars & Delysium for Unpaid Tokens in Bankruptcy Pursuit
FTX Trading Ltd. and the FTX Recovery Trust have filed legal action against NFT Stars Limited and KUROSEMI INC., the creators of Delysium, a Web3 gaming platform. The […]
FTX Takes Legal Action to Recovered $1 Billion, Seeking Funds from Token Issuers
In a move aimed at recovering funds owed to creditors during its bankruptcy proceedings, FTX has initiated legal actions against two token issuers. The company alleges that these […]
Crypto Bankruptcy Inquiries Signal Market Uncertainty
LegalShield reveals a surge in bankruptcy inquiries within the cryptocurrency industry during Q1, prompting concerns about market health amid ongoing geopolitical uncertainties. This trend highlights potential financial distress […]
HashFlare Founders Ordered To Leave U.S., Contradicting Court Ruling
The U.S. Department of Homeland Security (DHS) has ordered the founders of bankrupt cryptocurrency mining company HashFlare, Sergei Potapenko and Ivan Turõgin, to leave the country immediately. This […]
FTX Dismantles Over $2.5 Billion in Claims Due to KYC Noncompliance
FTX has disqualified nearly 400,000 customer claims worth over $2.5 billion due to failure to verify identities through the Know-Your-Customer (KYC) process. The exchange’s action affects creditors with […]
FTX Rejects Claims From Over 392,000 Users After KYC Deadline Missed
Over 392,000 former FTX users have had their claims for recovery rejected after missing a crucial deadline to verify their identities. According to court filings, these individuals failed […]
FTX Customer Claims Disqualified: Nearly $2.5 Billion Wiped Out
In a significant development for the FTX bankruptcy process, nearly 400,000 customer claims worth up to $2.5 billion have been disqualified following missed KYC deadlines. This massive disqualification […]