FTX Trading Ltd. has announced plans for a major disbursement of $5 billion to creditors, marking an important step towards restoring stability within the collapsed exchange. This repayment […]
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 Injecting Billions Back Into Crypto Market: Impact on Confidence
FTX has injected billions of dollars back into the cryptocurrency market, aiming to revitalize an industry shaken by its bankruptcy. The company is now set to distribute funds […]
FTX’s Massive Reimbursements Spark Crypto Market Resurgence
The cryptocurrency market is showing signs of renewed life following FTX’s announcement of substantial reimbursements to customers. The exchange has revealed plans to distribute over $5 billion to […]
FTX to Pay $5 Billion to Creditors – May 30th Update & Potential Impact on Altcoin Markets
The FTX Recovery Trust has announced that it will make a second round of payments to creditors, distributing $5 billion on May 30th. This development comes as the […]
FTX EU Users Can Now Withdraw Euros via Backpack, Following Legal Disputes
Users of the FTX EU platform now have a pathway to reclaim frozen euro balances thanks to the launch of withdrawals facilitated by Backpack. However, it’s important to […]
Backpack Exchange Opens Fund Withdrawal Process for Former FTX EU Users
Backpack Exchange is now enabling withdrawals of funds for former users of FTX EU after completing its acquisition of the platform in January 2025. The firm has allocated […]
Backpack Launches Claims Portal for Former FTX EU Customers
Backpack has initiated the next phase of recovering funds from the collapsed FTX EU platform. On May 12, the company announced that former FTX EU customers can now […]
FTX EU Users Can Access Euros via Backpack in Recovery Process
Following FTX’s bankruptcy, the recovery process for former FTX EU customers is underway. Backpack, which acquired FTX EU in 2025, has enabled euro withdrawals for eligible users. This […]
FTX and Alameda Unstake $32 Million in Solana Tokens
Sam Bankman-Fried’s companies, FTX and Alameda Research, recently unstaked a substantial amount of 187,625 SOL tokens worth approximately $32 million. This action occurred amidst ongoing bankruptcy proceedings that […]
Backpack Launches Claims Process for FTX EU Users, Opens Path to Recovering Frozen Funds
Cryptocurrency exchange Backpack has launched a claims process for former FTX EU customers, offering a potential path to recover frozen euro balances following the platform’s collapse. The move […]
Claiming Funds from FTX EU: A Step-by-Step Guide
FTX users impacted by the 2022 collapse will receive compensation of $55 million as part of a significant move to restore trust. To access these funds, former FTX […]
FTX EU Users: Euro Recovery Process Begins with Backpack Exchange
For many impacted by the FTX collapse, the path to recovering assets has been lengthy and unclear. Now, a significant step forward is emerging for former FTX EU […]
FTX EU Clients Can Now Access Funds via Backpack, Following Regulatory Approval
Good news for former FTX EU users! BackPack has announced a new way to access their funds: euro-denominated balances are now available through the regulated platform BackPack EU. […]
FTX EU Creditors Can Now Withdraw Funds Through Backpack Exchange
Cryptocurrency exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin claiming their funds through its platform. Starting May 12th, clients who selected Backpack […]