FTX is set to begin distributing over $5 billion to creditors on May 30, 2025, using Kraken and BitGo for the process. This major financial move signals a […]
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 Announces Second Distribution of $5 Billion to Eligible Creditors
FTX is set to distribute over $5 billion to eligible creditors in a second phase of its Chapter 11 reorganization plan. This distribution, scheduled for May 30, 2025, […]
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 Repay $5 Billion to Creditors: A Step Towards Recovery
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 […]