In a new episode of the FTX-Binance saga, the world’s largest cryptocurrency exchange platform is requesting the dismissal of a massive lawsuit. Binance describes FTX’s accusations as “legally ...

In a major development, Binance, one of the world’s largest cryptocurrency exchanges, has requested a U.S. court to dismiss a $1.76 billion lawsuit filed by the FTX estate. The bankruptcy case ...

FTX creditors are set to receive over $5 billion in distributions starting May 30, as part of the second phase of the bankrupt exchange’s court-approved recovery plan, the FTX Recovery Trust ...

FTX plans to commence a $5 billion second distribution to eligible creditors on May 30, 2025. FTX Trading Ltd. and the FTX Recovery Trust announced the upcoming distribution via a press release on May ...

FTX will pay over $5 billion to creditors with approved claims on May 30. Eligible creditors completed KYC, tax forms, and provider selection by April. Claims are valued based on November 2022 prices, ...

FTX Recovery Trust to distribute over $5 billion to creditors starting May 30, marking second payout under bankruptcy plan. Distribution process involves strict eligibility requirements and ...

John J. Ray III, Plan Administrator of the FTX Recovery Trust, said: "These first non-convenience class distributions are an important milestone for FTX. The scope and magnitude of the FTX ...

Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30. More than two ...

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 is set to begin its second creditor payout starting on May 30, targeting to distribute more than $5 billion to eligible claimants, according to the estate’s Thursday announcement. Payments will be ...

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 ...