News with the tag "FTX News"

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.