BitGo IPO, Dogecoin ETF debut, FTX distributes $1.6b to creditors | Weekly Recap
Bankruptcy recovery efforts accelerated for FTX, BitGo wants to go public and economist Timothy Peterson hypes “Bitcoin Bottom Day.”
creditors
FTX to distribute $1.6B to creditors on September 30
Key Takeaways FTX will distribute $1.6 billion to creditors on September 30, 2025. This payment is part of ongoing bankruptcy proceedings after FTX’s collapse in November 2022. Share this article FTX, the cryptocurrency exchange that collapsed in November 2022, will distribute $1.6 billion to creditors on September 30. The payment represents part of ongoing bankruptcy … Read more
Why FTX creditors in 49 countries may be cut from payouts
FTX is seeking court approval for a new claims process that could affect creditors from 49 jurisdictions where crypto is banned or restricted. In a new filing shared by FTX creditor advocate Sunil, the bankrupt crypto exchange has requested that the court approve a framework for addressing claims from 49 “potentially restricted foreign jurisdictions,” which … Read more
Nikola founder Trevor Milton is fighting a subpoena from his bankrupt company’s creditors
The recently-pardoned founder of Nikola, Trevor Milton, has been fighting a subpoena from the creditors of his bankrupt electric trucking company. The official committee of unsecured creditors in the bankruptcy case sent the subpoena to Milton’s lawyers on April 1, according to a recent filing. Milton owed Nikola nearly $100 million before it filed for … Read more
FTX announces $5b second distribution to eligible creditors
FTX plans to commence a $5 billion second distribution to eligible creditors on May 30, 2025. FTX Trading Ltd. and the FTX Recovery Trust announced the upcoming distribution via a press release on May 15. The $5 billion set for distribution will go to holders of allowed claims under the collapsed crypto exchange’s Chapter 11 … Read more
FTX to distribute over $5B to creditors on May 30: Second payout
Key Takeaways FTX is set to distribute over $5 billion to creditors starting May 30, 2025. Eligible creditors will receive varying payment rates through BitGo or Kraken. Share this article FTX is set to begin its second creditor payout starting on May 30, targeting to distribute more than $5 billion to eligible claimants, according to … Read more
More than 90% of creditors back proposed restructuring, WazirX says
Over 90% of WazirX creditors have voted in favor of proposed restructuring plan, clearing a key hurdle ahead of court review in Singapore. Creditors had nearly 10 days to cast their votes on Zettai’s restructuring plan — and by the end of it, overwhelming support poured in from WazirX users holding close to $196 million … Read more
Terraform Labs opens claims portal for creditors affected by UST collapse
Key Takeaways Terraform Labs has opened a claims portal for creditors affected by the TerraUSD collapse. Creditors must submit claims with supporting documentation by April 30, 2025, through the claims portal. Share this article Terraform Labs is launching a claims portal for creditors who suffered losses from the TerraUSD token collapse and subsequent events that … Read more