In a recent proposal awaiting Bankruptcy Court approval, creditors with $50K claims or less will get about over 118% compensation. Part of FTX’s plan, dated the 7th of May, read, “Debtors ...
FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan. “The plan contemplates ...
FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX estimates that it owes creditors around $11.2 billion.
A May 6 transfer of $8.3 million associated with the now-bankrupt FTX exchange and its sister trading firm, Alameda Research, has raised questions about the future of creditors awaiting compensation.
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 ...
A significant claim against FTX EU — previously known as K-DNA Financial Services —has been transferred to FTXcreditor in the latest development in the FTX bankruptcy case. The transfer has ...
FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement ...
FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday.
FTX’s Bahamian liquidators have told creditors that they will likely have an extra 10-12 weeks until at least end-July to submit proof of what the imploded crypto exchange owes them. Brian Simms ...