Bankruptcy
FTX creditors poised to receive $5B by May 30 in latest distribution round
The second round of repayments is over four times larger than the first $1.2 billion round in February.
Gino Matos 2 min read
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FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked
FTX customers must undergo a detailed verification process and pay varied withdrawal fees to access their frozen euro balances.
Bankruptcy
FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K
FTX's hasty liquidation of Anysphere stake highlights broader asset undervaluation issues during bankruptcy proceedings.
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FTX pursues NFT Star and Delysium to recover millions in missing tokens
FTX's litigation against NFT Star and Delysium highlights ongoing struggles to reclaim assets under SAFT agreements.
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Shaquille O’Neal settles lawsuit over FTX endorsements amid ongoing bankruptcy drama
Shaquille O’Neal reaches undisclosed settlement in FTX lawsuit following ads for the collapsed exchange.
Bankruptcy
US DOJ reviews crypto compensation rules amid valuation concerns
The outdated compensation practices have left crypto fraud victims with diminished returns over the years.
Bankruptcy
FTX bankruptcy team rejects claims from non-compliant creditors amid KYC crackdown
The KYC failures may reportedly lead to the disqualification of nearly $2.5 billion in creditor claims by FTX.
Bankruptcy
Backpack begins identity verification to repay FTX EU claimants
This development comes as FTX is about to begin the second phase of its payouts by May 30.
Bankruptcy
Terraform Labs launches claims portal for algorithmic UST stablecoin crash victims
Terraform Labs sets deadline for UST creditors to file claims, requiring proof of asset ownership and eligible tokens.
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Technology
Sei Foundation looks to acquire bankrupt 23andMe in major DeSci move
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Three Arrows Capital wins court approval to expand FTX claim to $1.53B
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FTX and Alameda unstake $23 million worth of Solana amid efforts to settle creditor debts
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