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 […]
Tron Founder Alleges FDT Stablecoin Issuer Orchestrated Fraud, Demands Regulatory Action
Justin Sun, founder of Tron (TRX), has accused First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, of orchestrating a major fraud involving misuse of reserve assets. […]
FTX Cuts $2.5 Billion in Customer Claims: A Move With Potential Market Impact
Crypto exchange FTX has announced plans to reduce customer claims by $2.5 billion before May. This strategic move aims to streamline repayment processes and is generating significant reactions […]
FTX Halts $2.5 Billion Claims Due to KYC Failures
Crypto exchange FTX has suspended claims totaling $2.5 billion after failing to meet Know Your Customer (KYC) requirements, impacting 392,000 customer accounts as of November 1, 2023. This […]
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 […]
FTX Removes Nearly 400,000 Unverified Customer Claims Amid Bankruptcy
Bankrupt crypto exchange FTX has removed nearly 400,000 customer claims after users failed to complete KYC verification by the court-imposed deadline. Approximately 392,000 customers missed the March 3rd […]
Justin Sun Claims First Digital Trust Insolvent, Urges Action After TUSD Reserves Mismanagement
Tron founder Justin Sun has declared that Hong Kong-based fiduciary firm First Digital Trust (FDT) is insolvent and unable to fulfill client redemption requests. This announcement comes amidst […]
Backpack Launches Claims Process for FTX EU Customers, Leaving Many in Uncertainty
Crypto exchange Backpack has begun accepting claims from former FTX EU users as part of its process to distribute funds. This announcement, made on April 1st, outlines the […]
FTX Europe: Claim Process Begins with Backpack’s Launch
Good news for European FTX customers! Backpack, which acquired the bankrupt exchange’s European subsidiary, has officially launched its claims process, enabling users to start recovering their funds. Users […]
Backpack Launches Asset Recovery for FTX EU Customers
FTX EU customers are taking a step forward in their recovery efforts. Backpack, a leading recovery firm, has officially initiated the process of reclaiming assets previously held by […]
Backpack Launches FTX EU Asset Recovery Effort
FTX Europe (EU) customers are taking a step toward recovering their assets after the exchange’s collapse. Backpack, the firm tasked with asset recovery, has initiated the process. This […]
Will FTX Liquidations Impact Ethereum’s Price?
The imminent liquidation of FTX crypto assets, scheduled for May 30th, raises concerns about its potential impact on the Ethereum price. As March 2025 unfolds, Ethereum has experienced […]
Ethereum Under Pressure Amidst FTX Payments and Market Uncertainty
Ethereum’s price faced pressure in March 2025, possibly due to anticipated payments from FTX. The market anticipates potential liquidity challenges as the $800 million in assets held by […]
Backpack Begins Fund Claim Process for FTX EU Customers
Crypto exchange Backpack, founded by former FTX executives, has launched the fund claim process for FTX’s European customers. This follows the acquisition of FTX’s EU arm, approved by […]
FTX Starts Repayment to Main Creditors: $11.4 Billion Cash Funds to Be Used
FTX, after its collapse in November 2022, is initiating payments to its main creditors using approximately $11.4 billion in recovered funds. The company will begin with a payment […]