BITPRISMIA
FTX creditors with allowed claims will receive funds on September 30, 2025, following the record date of August 15, 2025, while disputed claims were reduced by $1.9 billion.
FTX creditor activist Sunil Kavuri recounts Sam Bankman-Fried's 25-year sentencing, highlighting the courtroom atmosphere, victim impact statements, and the upcoming appeal process.
Binance founder Changpeng 'CZ' Zhao is contesting a $1.76 billion clawback lawsuit filed by the FTX bankruptcy estate, arguing the U.S. court lacks jurisdiction as he is a foreign citizen residing in the UAE.
Ripple CTO David Schwartz criticizes a Forbes article defending Sam Bankman-Fried's FTX conviction, arguing that regulatory advocacy does not justify criminal conduct.
FTX creditors have seen progress with approved claims in the Bahamas, while KYC and regulatory hurdles delay $290 million in claims, and a US bankruptcy court hearing is underway to address further creditor issues.
Chinese creditors are challenging the exclusion of $1.4 billion in claims from the FTX bankruptcy process, with $380 million specifically from Chinese users, citing completed KYC procedures and referencing the Mt. Gox precedent.
FTX is progressing with customer repayments and legal settlements, including a notable settlement with Shaquille O'Neal, while the future of the FTT token remains uncertain due to its poor performance.
The FTX Recovery Trust is seeking legal solutions to distribute claims to creditors in countries where cryptocurrency activities are banned or illegal, with a significant portion of disputed claims coming from China.