Crypto
Backpack Starts Customer Claims Process for FTX EU
Backpack, which acquired FTX EU for $32.7 million in January, prompts customers to initiate KYC verification as part of the claims process.
Business
BlockFi Urges Creditors to Claim Their Bankruptcy Distributions by Deadline
With a May 15 deadline fast approaching, only a fraction of non-U.S. customers of BlockFi have claimed their owed distributions.
Finance
FTX to Commence $11.4 Billion Creditor Payments in May Following Extended Bankruptcy Process
FTX has announced it will start payments to its primary creditors on May 30, almost three years after its collapse, with $11.4 billion in cash ready for distribution.
Crypto
Delaware Court Permits Three Arrows Capital to Boost Claim Against FTX to $1.53 Billion
A significant court ruling allows Three Arrows Capital to increase its claim against the defunct crypto exchange FTX, complicating the ongoing liquidation process.
Altcoins
Three Arrows Capital Increases FTX Bankruptcy Claim to $1.53 Billion Following Court Approval
Three Arrows Capital successfully expanded its bankruptcy claim against FTX from $120 million to $1.53 billion after a court ruling.
Altcoins
Coinbase Faces Lawsuit from Shareholders Over Bankruptcy Risks and Securities Law Violations
Shareholders are suing Coinbase, alleging that the company and its executives misled them about bankruptcy risks and engaged in undisclosed trading practices.
Crypto
FTX's Bankruptcy Estate Challenges Backpack Exchange's Acquisition
The FTX bankruptcy estate has disputed Backpack Exchange's unauthorized acquisition of FTX EU, asserting it has not approved distribution of funds to FTX customers.
Crypto
FTX Secures $228 Million from Bybit, Moves Closer to Bankruptcy Resolution
The FTX bankruptcy saga progresses with a significant settlement from Bybit, enhancing the recovery for affected customers and creditors.
Crypto
U.S. Court Dismisses Bankruptcy Petition Filed by Crypto Neobank Banq
A U.S. judge dismissed Banq's bankruptcy filing, deemed a tactic to avoid creditor litigation.
Litigation
FTX Client Files Lawsuit Against Hedge Fund Over Bankruptcy Payment Dispute
A lawsuit has emerged from a former FTX customer alleging that Olympus Peak hedge fund failed to honor a bankruptcy payout agreement.
Finance
Delaware Court Confirms Bankruptcy Plan for FTX Estate
A recent ruling enables most creditors of FTX to recover their losses in cash instead of cryptocurrencies.
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