Latest News and Articles about Creditor Repayment

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 Begins $16B Creditor Repayment, Excludes Russia, China, and More

23 February 2025 Daily Feed Creditor Repayment, Excluded Countries, FTX, Sam Bankman-Fried

FTX Initiates $16 Billion Creditor Repayment, Excludes Key Regions – FTX begins $16 billion creditor repayment. – Russia, China, Ukraine, Nigeria, Egypt excluded. – “Convenience Classes” prioritized for early payouts. In a major move toward recovery, the bankrupt cryptocurrency exchange FTX has started the process of repaying its creditors, with an anticipated distribution of over […]