U.S. bankruptcy judge John Dorsey gave FTX the green light to repay 98% of its customers using $16.5 billion in assets ...
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 ...
FTX’s bankruptcy plan has been approved, with 98% of creditors to receive 118% of their claims in cash by late 2024.
Creditors will receive up to $16.5 billion, nearly two years after their funds were frozen by the crypto firm’s shocking ...
FTX is now clear to begin implementing its bankruptcy plan, which includes the expected full repayment of customers and ...
This move marks a significant milestone for the FTX exchange, and it will see 98% of its creditors get 118% of their claim ...
Once among the world’s top crypto exchanges, FTX’s downfall shook the sector, leaving an estimated 9 million customers and ...
FTX's reorganization plan approved by a Delaware judge, ensuring 98% of creditors receive over 100% of their claims in cash.
Brian Glueckstein, an attorney for the FTX estate and a partner at Sullivan & Cromwell, argued Monday that the correct ...
FTX, the cryptocurrency exchange that collapsed nearly two years ago under the leadership of now-jailed Sam Bankman-Fried, ...
A US judge has authorized a plan for fallen crypto exchange FTX to return money to former customers, as the drawn-out bankruptcy process approaches its end.
The settlements allow FTX to use its assets to repay customers of its crypto exchange first, before paying potentially competing claims filed by government regulators. FTX plans to repay 98 percent of ...