FTX Set for $5 Billion Stablecoin Creditor Payment This Week
FTX will distribute over $5 billion in stablecoins on May 30. Recovery rates vary by creditor class under FTX’s Chapter…
Tag: FTX
FTX Bankruptcy Hit by Court Ruling Favoring 3AC’s $1.53 Billion claim
A Delaware bankruptcy court sided with failed hedge fund Three Arrows Capital (3AC), approving a dramatic increase in its claim…
FTX Begins Payouts to Creditors Under $50K: Recovery Could Reach $16B
FTX has started repaying creditors today (Tuesday),beginning with those in the “Convenience Class.” This group includes creditorswith claims of $50,000…
Kraken offers FTX creditors up to $50k in zero-fee crypto trading
January 9, 2025 | Industry News We were selected as one of the partners for the distribution of funds to…
FTX EU Acquired by Backpack Exchange, Expands EU Reach
Backpack Exchange, a cryptocurrency platform established by former FTX and Alameda Research employees, has recently acquired FTX EU, the European…
Kraken chosen as distribution partner by the FTX Debtors
December 16, 2024 | News We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors…
FTX Auditor Prager Metis to Pay $1.95 Million for Negligence
Prager Metis, the accounting firm that audited FTX, has agreed to pay $745,000 in civil penalties to settle misconduct allegations…
“Presumed Guilty by the Judge”: FTX Founder Sam Bankman-Fried Appeals $8B Fraud Conviction
Sam Bankman-Fried, the former crypto billionaire who was convicted of fraud and sentenced to 25 years in prison, has formally…
bitFlyer Acquires FTX Japan, Plans New Crypto Business
According to a tweet, bitFlyer Holdings has completed its acquisition of the defunct crypto exchange FTX’s Japan arm. bitFlyer Holdingsは本日、FTX…