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SEC says it could challenge FTX crypto repayment plan

[Sep 2 4:40 AM] The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets.

FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar

[Mar 25 2:00 PM] Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has…

FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress

[Jan 22 1:00 PM] Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who…

FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings

[Dec 28, 2023 10:30 AM] On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual…

FTX loses $53K every hour on 'bankruptcy fees' — latest filings show

[Dec 17, 2023 11:44 PM] More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October or $1.3 million per day.

FTX creditor claims heat up as bankruptcy proceedings drive forward

[Oct 22, 2023 8:32 PM] The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.

A Lehman Opportunity — Distressed-Debt Titans Eye Huge Returns in FTX Claims Market

[Sep 23, 2023 2:00 PM] Prominent distressed-debt moguls are diving into the FTX bankruptcy claims arena, seizing debts at bargain prices with aspirations of lofty profits. This year, Silver Point Capital, Diameter Capital Partners, and Attestor Capital have acquired over…