Latest News and Articles about Asset Recovery

FTX Sues for Crypto Recovery, Plans $16B Distribution to Creditors

30 April 2025 Daily Feed Asset Recovery, Creditor Repayment, FTX, Legal Action

FTX Launches Legal Battles to Recover Cryptocurrencies, Plans $16 Billion Distribution FTX, the bankrupt crypto exchange, has initiated legal proceedings against NFT Stars Limited and KUROSEMI INC. (Delysium), alleging that these entities withheld tokens owed to the exchange. This move is part of FTX’s broader strategy to recover assets and repay creditors, with a significant […]

FTX Recovery Faces Hurdles: $800M Paid, Jurisdictional Issues Impact Creditors

24 February 2025 Daily Feed Asset Recovery, Creditor Repayments, FTX, Jurisdictional Restrictions

FTX’s Recovery Journey: Navigating Jurisdictional Hurdles and Hopeful Repayments Following the monumental collapse of FTX, the path to recovery for its creditors is filled with both promise and challenges. As the exchange begins distributing recovered assets, creditor activist Sunil Kavuri highlights significant jurisdictional restrictions hampering the process, particularly affecting creditors from countries like Russia, China, […]