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FTX provides a timeline for creditor and client reimbursement payouts

[Nov 21 8:34 PM] After two years of bankruptcy hearings, FTX creditor reimbursements are set to begin, but the FTX estate remains embroiled in litigation.

FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors

[Nov 21 7:15 PM] The long-awaited resolution for nearly $16 billion in funds owed to users and customers of the defunct crypto exchange FTX is approaching, as the estate managing the recovery process has outlined the next steps and timeline for distribution.  FTX…

FTX Bankruptcy: Key Dates For The $16 Billion Payout And Potential Market Effects

[Oct 10 1:00 AM] On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets.  This decision comes at a critical time for…

FTX Bankruptcy Plan Approved: $16 Billion In Assets To Be Repaid, FTT Price Soars 20%

[Oct 7 8:33 PM] A US bankruptcy court has officially approved crypto exchange FTX liquidation plan, paving the way for it to repay customers using $16 billion in recovered assets, according to Reuters, which reports that the ruling was made by Judge John Dorsey…

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.

US Trustee challenges FTX reorganization plan, citing legal concerns

[Aug 25 7:49 AM] The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.

NY judge approves $12.7B settlement between FTX, Alameda and CFTC

[Aug 8 4:51 AM] United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors.

Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert

[Jul 5 9:00 PM] In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which…

Cash or crypto? FTX creditors to vote on how they're paid back

[Jun 25 10:49 PM] FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

[Jun 25 8:00 PM] FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022.  The decision by Judge John Dorsey…

FTX repayments could create ‘bullish overhang’ for crypto markets — K33 Research

[May 15 7:35 PM] “Not all creditor repayments are bearish,” said K33’s analysts, noting FTX's cash payouts versus the crypto repayments from Gemini and Mt. Gox.

FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

[May 8 1:00 PM] In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which…

FTX plans full pay back of all creditors ‘plus billions in compensation’

[May 7 5:31 PM] Under the plan, 98% of FTX creditors will get up to 118% of their claims back — the remainder will receive all of their claims “plus billions in compensation,” says FTX.

Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery

[Feb 2 3:30 PM] The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26…

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

[Nov 29, 2023 8:15 PM] Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.

Google to invest another $2B in AI firm Anthropic: Report

[Oct 27, 2023 11:01 PM] Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to the Wall Street Journal.

FTX customers could get $9B shortfall claim payout by mid-2024

[Oct 16, 2023 10:25 PM] A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX.US.

FTX creditors unimpressed with exchange's bankruptcy exit plan

[Aug 1, 2023 7:34 PM] FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy.