Tag Archives: FTX

The long-running FTX bankruptcy proceedings have reached a new milestone, as the collapsed cryptocurrency exchange prepares to disburse a fresh round of repayments to its creditors. Nearly three years after FTX’s dramatic downfall in late 2022, affected parties are finally set to receive additional compensation—though concerns remain over valuation methods and geographic restrictions. According to a company statement released on …

  A group of Chinese creditors is challenging FTX’s latest bankruptcy motion, which seeks to restrict fund distributions to users in certain jurisdictions where cryptocurrency regulations are ambiguous or prohibitive. The legal dispute centers on the bankrupt crypto exchange’s proposed exclusion of users in 49 countries—including China, Russia, North Korea, and Morocco—from its payout plan, citing potential regulatory risks. Key …