FTX was one of the newer cryptocurrency platforms which have become wildly popular in 2021, with some pegging it as a key competitor to Coinbase in the retail investor market. Sam Bankman-Fried and ...

FTX will begin repaying creditors in February 2025, starting with smaller claims under $50,000, totaling $1.2 billion in initial distributions Creditors must complete tax and identity verification ...

The FTX bankruptcy estate has disputed the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet firm founded by former FTX and Alameda employees. The FTX estate ...

Backpack Exchange, a centralized cryptocurrency platform, has responded to claims made by the FTX Recovery Trust disputing the legality of its acquisition of FTX EU. On Jan. 8, Backpack said it ...

Backpack, a centralized cryptocurrency exchange (CEX) founded by former Alameda Research and FTX employees, has acquired FTX EU, the former European arm of the defunct FTX exchange. The ...

The beginning of payments to customers from the imploded cryptocurrency exchange FTX underscores the possibility that the wealth amassed by the convicted mogul Sam Bankman-Fried was sufficient to make ...

Failed crypto exchange FTX’s payment plan is now effective. As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within the ...

The collapsed cryptocurrency exchange FTX has begun a new phase in its customer repayment efforts, focusing first on the convenience class of creditors. This step is part of a broader plan to address ...

FTX begins repayments under its bankruptcy plan, prioritizing claims under $50,000. Users must file claims via the official website, with payouts expected by early 2025. Critics highlight ...

FTX payout plan has begun, and repayments will occur within 60 days of the effective date. Creditors are expected to receive about 119% of their allowed claim amount, including principal and accrued ...