News with the tag "FTX Creditors"

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.

Backpack has launched a non-profit FTX debt marketplace to allow creditors to sell bankruptcy claims, amid FTX's $6.2 billion recovery progress, while facing challenges in restricted jurisdictions.

FTX is seeking court approval to dispute claims from 49 restricted jurisdictions, with Chinese users accounting for 82% of the total value despite constituting only 5% of allowed claims, while facing legal hurdles in distribution.