FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement ...
The change was communicated to customers and creditors through an update, explaining that this new timeline would provide them with 10 to 12 more weeks to submit their claims. Customers of FTX ...
FTX has extended the deadline for creditors to submit proof of debt to late July or early August. The extension aligns with the Chapter 11 reorganization plan’s voting deadline in the U.S. Creditors ...
A group of FTX creditors, led by Sunil Kavuri, has filed an objection to FTX’s bankruptcy reorganization plan. They reject it on several grounds, including the assertion that it does not serve ...
FTX creditors have filed a June 5 objection to the crypto exchange’s repayment plan on the grounds that the FTX bankruptcy estate’s proposal does not work in favor of their “best interests.” FTX ...
FTX has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount. Under the settlement, the IRS will receive a $200 million priority claim to be ...
Bankrupt crypto exchange FTX has agreed to sell its remaining stake in AI startup Anthropic for $452.2 million. If approved, the total sales from Anthropic shares could net FTX around $800 million, ...
Bankrupt crypto exchange FTX reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS). According to a June 3 filing, the exchange and the IRS agreed to ...