Sam Bankman-Fried claims in a new report that FTX was never insolvent and blames bankruptcy lawyers. The report argues FTX always had enough assets to repay users and that $120 billion in value was ...

The FTX Bankruptcy Trust filed a $1.15 billion lawsuit against Bitcoin mining firm Genesis Digital Assets. The FTX Bankruptcy Trust has filed a $1.15 billion lawsuit against Bitcoin mining firm ...

FTX's creditors will receive a share of their lost funds starting May 30, 2025. BitGo and Kraken — two of the approved distribution agents—are emailing clients to confirm that funds transferred from ...

FTX will begin repaying approved creditors more than $5 billion in second distribution on May 30, 2025 through Bitgo or Kraken. FTX Recovery Trust announced that they will begin distributions of more ...

FTX creditors will receive more than $5 billion from the FTX bankruptcy estate, beginning May 30. Creditors will receive between 54% and 120% of their claims in the second phase of the FTX bankruptcy ...

Backpack allows former FTX EU users to reclaim euro balances after KYC verification, following its acquisition of the bankrupt crypto platform's EU arm. Crypto exchange Backpack announced that ...

FTX, the collapsed cryptocurrency exchange once helmed by Sam Bankman-Fried, plans to begin paying its main creditors at the end of May, Bloomberg reported based on court proceedings in Delaware this ...

FTX’s US estate claims that FTX Europe AG holds FTX EU shares. Backpack Exchange claims it acquired FTX EU from insiders Patrick Gruhn and Robin Matzke in June 2024. Both parties have conflicting ...

Kyle Torpey has been writing about Bitcoin since 2013. His work has been featured in Fortune, Bitcoin Magazine, Wired UK, and many other media outlets. He has also attracted more than 50,000 followers ...

FTX is set to initiate creditor distributions on January 3, 2025, after receiving court approval for its Chapter 11 reorganization plan, according to a Monday press release. The entity plans to begin ...