BITPRISMIA
FTX customers have filed an updated class action lawsuit against law firm Fenwick & West, alleging it played a key role in the $8 billion fraud by creating fraudulent corporate structures and enabling the misuse of customer funds.
FTX will begin its next round of cash payouts to creditors on September 30, 2025, after reducing its disputed claims reserve by $1.9 billion, while facing opposition from a Chinese creditor over global payout restrictions.
The FTX Recovery Trust has set August 15 as the record date for the next substantial creditor distribution, marking a key milestone in the ongoing efforts to repay those affected by FTX's collapse.
FTX creditors have found new hope due to a breakthrough in jurisdiction rules, which may allow more users to claim compensation from the collapsed exchange.
BlockFi's bankruptcy administrator and the US Department of Justice (DOJ) have agreed to end a $35 million lawsuit, marking a resolution in BlockFi's ongoing bankruptcy proceedings following its collapse after the FTX crisis.
Linqto's Chapter 11 filing may reclassify investors as unsecured creditors, leaving them at risk of significant losses despite the company's substantial assets.
The FTX Estate holds 5.07 million Solana (SOL) tokens worth $837 million, raising questions about the potential impact on SOL's price and the broader crypto market as the estate navigates asset liquidation.
A Chinese FTX creditor is challenging a plan that could block payouts in 49 jurisdictions, claiming $15 million across four KYC-verified accounts and arguing the classification based on passport is unfair.
Chinese creditors of FTX are opposing the exchange's request to delay payouts, highlighting the complexities of the FTX bankruptcy case and the challenges of global crypto regulation.
Linqto, an investment platform for private pre-IPO companies, filed for Chapter 11 bankruptcy due to regulatory probes and corporate structure issues, while its CEO aims to restructure and protect $60 million in debtor-in-possession financing.