6 days ago · LTC rose to above $109, up 5% after the NYSE filed to convert Grayscale’ Litecoin Trust into a spot LTC ETF. FTX Token’s surge on the other hand comes amid news of FTX payout distributions.

4 days ago · Customers Expected to Receive Funds within 1-3 Business Days. BitGo and Kraken Receive Funding to Assist in Distributing Recoveries. WILMINGTON, Del., Feb. 7, 2025 /PRNewswire/ -- FTX Trading Ltd ...

5 days ago · John J. Ray III, Plan Administrator of the FTX Recovery Trust, said: "The start of these distributions is an incredible and important milestone for FTX. Today's announcement reflects of the ...

3 days ago · FTX confirmed initial creditor payouts under the Chapter 11 Plan of Reorganization. FTX has transferred funds to BitGo and Kraken, which will distribute recoveries to eligible retail and institutional creditors. The parents of the FTX co-founder have reportedly explored ways to secure a pardon from former President Donald Trump.

13 hours ago · Advisers who took over FTX after its collapse won court approval to repay customers, with initial distributions are expected to begin later this month. Bartusek made a withdrawal request for the tokens on Oct. 22, 2023, through a crypto wallet account at a different exchange called BTSE, according to Monday’s filing.

Dec 13, 2024 · Euro area creditors of the FTX exchange will receive repayment in euros, based on prices at the time the exchange closed in 2022. The repayment will include processing fees of up to 30%. FTX has sent out a repayment schedule email to EU creditors, showing the expected compensation rates.

The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, [1] served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.

Oct 7, 2024 · FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange...

Nov 24, 2022 · One digital asset is bucking crypto 's downward trend, surging 43% to a six-month high as the majority of the cryptocurrency market nose-dives following the collapse of the FTX exchange. Litecoin...

Jun 2, 2023 · FTX Trading Ltd. was one of the largest cryptocurrency exchange firms, known for its specialty in buying and selling crypto derivatives, and once valued at about $40 billion—here’s how it went...