Key Takeaways Bankrupt crypto exchange FTX is set to distribute over $5 billion in repayments to its creditors on May 30. The announcement came via a notice from the FTX Recovery Trust on May 15, signaling a critical milestone in…
Key Takeaways Backpack Exchange has begun processing withdrawals for users of the now-defunct FTX EU. The platform confirmed that eligible customers may begin reclaiming their funds starting May 12, 2025. This follows Backpack’s acquisition of FTX EU in January 2025…
Key Takeaways FTX Trading and the FTX Recovery Trust has launched legal action against two token issuers—NFT Stars Limited and Kurosemi Inc.—accusing them of failing to deliver millions of digital tokens promised in earlier agreements. According to court filings and public…
Key Takeaways Close to 400,000 creditors of the bankrupt crypto exchange FTX could lose a combined $2.5 billion in repayment claims if they fail to meet the extended Know Your Customer (KYC) verification deadline, according to court filings submitted on…
Key Takeaways Bankrupt crypto exchange, FTX, is preparing to distribute over $1.2 billion to its users. The repayments are part of a restructuring plan approved in October 2024, which outlines that users owed up to $50,000 in digital assets must…
Key Takeaways Bankrupt Celsius Network has filed an appeal challenging a court ruling that dismissed its claims against FTX. The appeal, submitted on December 31 by Celsius’ litigation administrator Mohsin Meghji, contests Judge John T. Dorsey’s decision to disallow both…
Key Takeaways The liquidators of Three Arrows Capital (3AC), the now-defunct hedge fund, have raised their bankruptcy claim against the crypto exchange FTX from $120 million to $1.5 billion. The updated claim accuses FTX of prematurely liquidating 3AC’s assets just…
Key Takeaways Alameda Research, a firm which worked as the now defunct FTX’s main market maker has initiated legal proceedings to recover more than $11 million held in a Crypto.com account. In a recent filing on November 7 with the…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
Key Takeaways FTX co-founder Gary Wang is asking a U.S. federal judge to spare him jail time, arguing that his cooperation played a important role in the conviction of his former business partner, Sam Bankman-Fried. Wang, once the techn chief…
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