FTX creditors seek repayments at current market rates

cryptobriefing.com Bankrupt crypto exchange FTX unveiled yesterday a new plan to pay out at least 118% of recognized claims to 98% of its creditors. However, the plan faces pushback from Sunil…

FTX Plans To Pay Back Defrauded Customers

mediapost.com According to bankruptcy lawyers representing FTX, the defunct crypto exchange plans to pay back almost all of the creditors defrauded in the November 2022 collapse, plus…

Crypto Exchange FTX Is the Rare Financial Blowup That Will Repay Victims in Full

wsj.com Defunct cryptocurrency exchange FTX said it will have more than enough money to fully repay its millions of swindled customers with interest, an outcome that seemed…

FTX to issue refunds after crypto crash

bostonherald.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX Customers Poised to Recover All Funds Lost in Collapse

nytimes.com The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded. Bankruptcy lawyers for FTX said customers of…

FTX Paying Back Victims in Full With Interest, Sold Assets

entrepreneur.com A majority of customers would get at least 118% of their money back under a proposed plan, as the company now has up to $16.3 billion in cash to use. Cryptocurrency exchange…

FTX to return money to most customers nearly 2 years after collapse

euronews.com Collapsed crypto exchange FTX said it will return money to most customers less than two years after its catastrophic implosion. Fallen cryptocurrency exchange FTX says that…

New Stablecoin Bill Draws Mixed Reactions

thedefiant.io U.S. Senators Cynthia Lummis and Kristen Gillibrand have introduced new legislation for stablecoin issuers. After months of drafting and deliberations, U.S. Senators Cynthia…

FTX bankruptcy: What customers should know about getting their money back with interest

fastcompany.com Customers who lost their money when crypto exchange FTX collapsed in late 2022 are set to get their money back—and then some. That’s according to an announcement released…

American Sports Stars Agree to $2.42 Million Settlement in Voyager Promotion Case

cryptonews.com Three American sports personalities, Rob Gronkowski, Victor Oladipo, and Landon Cassill, agreed on May 3 to collectively pay $2.42 million to settle allegations in the…

Failed crypto giant FTX has recovered billions more than it needs to pay back bankruptcy victims

nypost.com Fallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost funds in its November 2022 collapse. In a rare…

Crypto Is an Election Issue This Year. Is That a Good Thing?

coindesk.com An online survey conducted by blockchain conglomerate Digital Currency Group found that more than 20% of voters in several swing states consider crypto to be a key issue in…

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

newsbtc.com 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…

Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed

zerohedge.com Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed Back in March, when eyeing the tremendous rebound in the crypto space, we joked that creditors in…

This Week in Web3: Wells Notices, Crypto Payments and Usability

pymnts.com Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who,…

FTX customers will get their money back and more

aol.com In a rare outcome for bankruptcy, customers of the failed cryptocurrency exchange FTX will recover all of their money—and then some. Those who lost money when the exchange…

Rob Gronkowski crypto promotions: ‘Sincere empathy for fans,’ says Lawyer

ambcrypto.com Gronkowski, Oladipo, and Cassill to pay $2.4 million in Voyager lawsuit. In a surprising crossover of sports and finance, Rob Gronkowski, a retired football star, Victor…

Crypto Markets Give Up Previous Week's Gains

thedefiant.io Solana broke its three-day winning streak, dropping by almost 6% on the day. Crypto markets dipped on Wednesday, with most tokens surrendering the majority of their gains…

When is full recovery not a full recovery? FTX

protos.com The FTX debtors in possession have announced a new reorganization plan that would result in nearly every single creditor getting recovery of their full claim amount plus…

Global crypto firms turn to Hong Kong for refuge

techcrunch.com The city’s web3 carnival this year drew noticeably more global attendees With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the…

Rails launches with $6.2M round for its decentralized FTX alternative

techcrunch.com Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup’s co-founder and CEO Satraj…

A timeline of the collapse at FTX

aol.com FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years…

Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly

coinspeaker.com Coinspeaker Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly Joshua Lim and Shiliang Tang, two crypto veterans who previously worked…

FTX says most customers will get all money back, less than two years after catastrophic collapse

theglobeandmail.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

cbc.ca FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange…

What is BONK? Solana’s Dog-Themed Community Meme Coin

decrypt.co Born out of the wreckage left behind by the collapse of FTX in November 2022, BONK is a meme coin aimed at bringing together the Solana community. In December 2023, a BONK…

FTX customers to get paid in full, plus interest; but still stand to lose

axios.com FTX took a significant step in its bankruptcy case, filing a reorganization plan that touts to repay customers in full, plus interest. Why it matters: Customers still don't…

FTX Claimants Will Get Their Solana NFTs Back

decrypt.co FTX’s bankruptcy estate announced Tuesday that creditors and customers are likely to receive between $14.5 billion to $16.3 billion in total compensation—but that doesn’t…

FTX Paying Customers: Generous or Illusion?

tipranks.com The cryptocurrency market’s biggest scandal is close to coming to an end. FTX has rolled out its latest performance update in the bankruptcy saga w...

FTX files plan to fully reimburse creditors it defrauded of billions

cbsnews.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX customers may get their money back, but no gains from crypto price increases

aol.com Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company's bankruptcy plan. However, they…

FTX plans to give customers their money back

aol.com None FTX will pay back 98% of creditors at least 118% of what they're owed, its bankruptcy lawyers said. • None FTX forecasts between $14.5 and $16.3 billion available for…

‘Creditors of FTX’ to receive 100%

ambcrypto.com None FTX plans to pay over 100% of claims to some creditors. Bankrupt crypto exchange FTX plans to pay creditors’ claims fully, as some stand to get over 100% of their…

Coingape: Bitcoin, Ethereum, Crypto News and Price Analysis

coingape.com Cryptocurrency prices are down, and this, to a large extent, is driving investors to the edge. Although Bitcoin price has relatively remained suppressed since the halving in…

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

aol.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

Empire Newsletter: FTX bankruptcy almost across the finish line

blockworks.co End in sight There’s some good news for creditors in the joint reorganization plan filed late Tuesday by FTX’s bankruptcy overseers. FTX says it has collected between $14.5…

FTX says it can repay most customers all funds

foxbusiness.com Bankrupt crypto exchange FTX says most of its customers will be paid back in full for the assets lost at the time of its collapse nearly two years ago, and some will receive…

Genesis and LedgerPrime alum raise $28 million for Arbelos, a crypto trading rival to Jane Street

aol.com Blockchains may be built around transparency, but the crypto industry has a long way to go in building trust, especially when it comes to trading. Poor management and…

FTX Updates Bankruptcy Plan, Estimates $14.5-$16.3 Billion for Creditor Payouts

tftc.io FTX has filed an amended reorganization plan with a U.S. bankruptcy court on Tuesday, outlining its strategy to pay back creditors and customers. According to the documents…

FTX has billions more than needed to pay bankruptcy victims

financialpost.com Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full…

Most FTX customers to get all their money back less than 2 years after catastrophic crypto collapse

seattletimes.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX Creditors Will Be Repaid in Full, Crypto Exchange's Estate Says

wsj.com All of FTX’s creditors, except the government, will get 100% of their money back in cash plus interest, the bankrupt cryptocurrency exchange’s estate said.

FTX to repay most customers in full, plus interest

thestreet.com TheStreet’s Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Wednesday, May 8. Related: Kevin…

FTX creditors could recover 118% of their money in bankruptcy plan

theblock.co With FTX claims estimated at 118% recovery in dollar terms, secondary market trading has been similarly boosted.

FTX Says Almost All Customers Will Get Full Refunds

watcher.guru In what is a massive development, bankrupt cryptocurrency exchange FTX has stated that almost all customers will get a full refund. Indeed, CNBC reports that the exchange…

Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows

news.bitcoin.com FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15…

FTX creditor group representative recommends voting against compensation plan

theblock.co The FTX estate said it plans to give 98% of its creditors at least 118% of allowed claims, with other creditors receiving full repayment.

Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors

bitcoinist.com Bankrupt cryptocurrency exchange, FTX has unveiled a new repayment plan aimed at reimbursing creditors and customers in full and offering billions in the form of…

FTX says most customers will get all money back, less that 2 years after catastrophic collapse

apnews.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX’s Amended Plan Sparks Backlash with Exculpatory Clause and Repayment Changes

coinpedia.org The post FTX’s Amended Plan Sparks Backlash with Exculpatory Clause and Repayment Changes appeared first on Coinpedia Fintech News A recent update in the FTX bankruptcy…

FTX Creditors to Be Repaid in Full

wsj.com All of FTX’s creditors, except the government, will get 100% of their money back in cash plus interest, the bankrupt cryptocurrency exchange’s estate said. FTX forecast it…

FTX Has Amassed More Money Than Needed for Repayments

cryptopotato.com FTX filed an amended Plan of Reorganization and Disclosure Statement with the bankruptcy court on May 7 as part of its ongoing case. The firm has proposed a way to repay…