FTX’s bankruptcy estate has filed a motion seeking to freeze creditor distributions in 49 countries with restrictive or ambiguous crypto laws. On July 2, the estate asked the U.S. Bankruptcy Court in Delaware to approve a hold and review process. This move aims to ensure legal compliance before distributing crypto
Grand Cayman, Cayman Islands, 1st July 2025, Chainwire
According to a report by crypto analyst Miles Deutscher on YouTube, FTX Exchange will distribute more than $5 billion to creditors in stablecoins on Friday, May 30, marking the second largest payout since its bankruptcy. This distribution follows an initial $7 billion payment in February 2025. Together, these payments bring
Binance has formally requested the dismissal of a $1.76 billion lawsuit filed by the FTX bankruptcy estate, calling the case legally flawed and an attempt to deflect responsibility from FTX’s internal mismanagement and fraud. Filed in Delaware court, Binance’s motion argues that the now-defunct exchange is wrongly attributing its collapse
Backpack has launched withdrawals for former FTX EU customers, allowing them to reclaim frozen euro balances. However, crypto withdrawals remain unavailable. The move marks a significant step in returning trapped funds following 2022 collapse. The claims process officially began on May 12, months after Backpack acquired FTX EU in January
With FTX asset repayments finally on the horizon, the cryptocurrency landscape is on the verge of a seismic shift, and major altcoins like Solana (SOL) are left in limbo. Investors are bracing for a price dip below $110 as millions of dollars in SOL are set to flood the market.
FTX has reignited its legal offensive, filing fresh lawsuits against NFT Stars Limited and Kurosemi Inc., the entity behind AI gaming platform Delysium. According to a court filing in the U.S. Bankruptcy Court in Delaware, the FTX Estate demands the return of tokens bought under clear investment agreements. After over
The market sentiment of Crypto FOMO (Fear of Missing Out) is increasing as traders expect a major price surge soon. Institutional players continue their discreet buying activities, while retail investors maintain their position outside the market until they receive confirmation signals. The entry of sidelined capital into markets during bull
FTX will begin repaying its major creditors on May 30, marking a key step in the prolonged bankruptcy process. The collapsed crypto exchange has amassed $11.4 billion in cash for repayments. However, the payments will follow valuations from the bankruptcy petition date of November 11, 2022, creating a stark contrast
A U.S. bankruptcy court has approved liquidators of defunct hedge fund Three Arrows Capital (3AC) to expand their claim against FTX to $1.53 billion. The ruling, issued by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, dismissed objections from FTX’s debtors and allows 3AC
