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Kraken Announces Second FTX Distribution for May 30, 2025
FTX has outlined that updates on the timeline and fund distribution will be posted on the FTX Claims Portal. They will also be shared...
FTX Creditors Blocked as Claims from 163 Countries Rejected
The bankrupt crypto exchange declared claims from 163 jurisdictions as “not eligible” for distributions. This decision leaves many investors in the lurch.
On Feb. 18,...
FTX Users Begin Receiving Payouts Under $50K
Today, these users started receiving funds through distribution providers Kraken and BitGo.
This marks a major step in the long and painful bankruptcy process that...
Backpack Buys FTX EU, Q1-2025 Launch
This marks a major milestone for the European crypto market. It sets the stage for Backpack’s entry into Europe, with plans to launch in...
FTX Payouts Begin January 3rd, 2025
Their Chapter 11 Plan of Reorganization, approved by the Court, will take effect on January 3, 2025. That date is also set as the...
Gary Wang, FTX Co-Founder, Receives Time-Served Sentence
FTX co-founder Gary Wang has avoided jail thanks to his cooperation with US authorities, who praised him as instrumental in their fight against crypto...
FTX Sues Binance and Founder CZ for $1.8 Billion
The lawsuit is a big deal in the crypto world, and it’s all about something that happened back in 2021.
Here’s what happened: In July...
FTX Europe Suspension Extended Again Until May 2025
This means that the platform cannot offer new services or accept new customers, but users can still withdraw their funds.
The extension comes just...
FTX Settles $228 Million Lawsuit with Bybit Exchange
FTX has settled worth $228 million with crypto exchange Bybit. This ends a major lawsuit it filed in 2023 and moves FTX one step...
Ryan Salame Begins Prison Sentence for FTX Collapse
On October 11th, 2024, he turned himself in at FCI Cumberland, according to the Bureau of Prisons.
Salame was sentenced to 90 months in...