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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.

IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX

[Dec 11, 2023 10:05 PM] FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.

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.

FTX Estate Initiates Second Tranche of Crypto Transfers, Shifting Millions to Centralized Exchanges

[Oct 26, 2023 8:36 AM] On Thursday, the analytics firm Peckshield alerted the community to another transfer of crypto assets from FTX wallets to centralized exchanges. Nearly $20 million in digital currencies were moved after the estate transferred $8.6 million in…

Nansen: FTX and Alameda Research Wallets Shift $8.6M in Crypto Assets to Binance

[Oct 25, 2023 12:00 PM] On Wednesday, Nansen, an onchain analytics provider, illuminated a series of intriguing transactions originating from FTX and Alameda Research addresses, now under the stewardship of the FTX creditors. A substantial sum of $8.6 million in…

FTX Estate Proposes Recovery Plan With 90% Asset Return Expected 

[Oct 19, 2023 2:30 AM] The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery…

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.

FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management

[Apr 10, 2023 1:30 PM] FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX…

SBF's inner circle received $3.2B, mainly from Alameda: Court filings

[Mar 15, 2023 11:50 PM] Billions worth of loans and payments flowed from FTX entities to Sam Bankman-Fried and five other former executives of FTX and Alameda Research.

FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs

[Feb 6, 2023 9:07 AM] FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28…

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings

[Jan 31, 2023 11:30 AM] FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best…

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings

[Jan 19, 2023 11:30 AM] Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital…

FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

[Jan 18, 2023 9:00 AM] On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief…

SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’

[Jan 8, 2023 7:30 PM] Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,”…