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FTX to distribute $2.2B as creditors approach full compensation
FTX Recovery Trust will distribute $2.2 billion to creditors starting March 31 under its ongoing bankruptcy plan.
April 30, 2026 Record Date set for First Payments to Preferred Equity Holders on May 29, 2026 WILMINGTON, Del., March 18, 2026 /PRNewswire/ -- FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery ...
John Ray, FTX's new CEO and chief restructuring officer, said the bankrupt crypto exchange is "in the process of removing trading and withdrawal functionality" and it is "moving as many digital assets ...
FTX and Alameda unstaked 3 million Solana tokens worth $431 million, marking their largest SOL unlock since November 2023. Wallets belonging to the defunct crypto exchange FTX and bankrupt trading ...
The FTX estate has unstaked $17M worth of Solana as part of creditor repayments, but data shows strong staking trend.
FTX and Alameda Research have unlocked a significant amount of Solana tokens, marking their largest unlock since late 2023. FTX's unstaking activity coincides with its creditor repayment process, ...
FTX will distribute approximately $2.2 billion to creditors on March 31, with Convenience Class creditors receiving 120% of their claims while general unsecured creditors hit 100% recovery. The Fourth ...
FTX founder Sam Bankman-Fried said FTX customer assets were stored together in what’s called an “omnibus wallet” instead of individual cryptocurrency wallets. He suggested that storing customer assets ...
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 said ...
As part of the acquisition, Backpack EU will be responsible for distributing court-approved bankruptcy claims to FTX EU customers. Backpack, a centralized cryptocurrency exchange (CEX) founded by ...
FTX Recovery Trust will distribute $2.2 billion on March 31, 2026, with preferred equity payments set for May 29, 2026.
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