FTX users and law firm Fenwick & West LLP have agreed to a proposed settlement in a lawsuit regarding the firm’s representation of the failed cryptocurrency exchange, according to court documents. The lawsuit, which is part of a multidistrict litigation action filed in response to the collapse of FTX in
Donald Trump has recently said that he does not plan to pardon Sam Bankman, the former CEO of FTX, who is currently in prison. Trump made this statement during the long interview with The New York Times, which ended all the speculations that Bankman might receive Pardon from Trump in
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
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
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 world’s largest crypto exchange, Binance just closed the second round of its “Vote to Delist” campaign, and it’s already sending ripples across the crypto market. The campaign, which ran from April 10 to April 16, 2025, gave users the chance to vote on whether certain altcoins should be removed
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
