FTX creditors

Highlights: Backpack has launched a platform to help users sell claims directly. China and Russia users can now access a new option to sell FTX claims despite regional restrictions. Legal questions continue around Backpack’s FTX EU purchase, but users have […]

Highlights: FTX will distribute funds to creditors under $50,000 starting February 18, 2025. FTX partnered with Bitgo and Kraken to distribute funds, bypassing direct payments. The firm found $345 million in non-KYC claims under $50,000, stressing compliance and fraud prevention. […]

Highlights: FTX creditor activist Sunil Kavuri estimates that FTX could reimburse 10% to 25% of lost crypto. The restructuring plan faces opposition, prioritizing equity holders over creditor repayments. The upcoming court hearing on October 7 may trigger significant market volatility. […]

Highlights: US Trustee criticizes FTX’s reorganization plan, citing unfair treatment and legal protection issues. Concerns are raised over unequal creditor reimbursement rates and plan fairness. Some creditors push for in-kind reimbursements; FTX remains optimistic about restructuring. The reorganization plan of […]