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Bankruptcy
New FTX EU Owner Backpack Initiates Customer Claims Process
Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of KYC verification.

BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy Distributions
With a May 15 deadline looming, just 43% of non-U.S. customers have claimed their distributions.

FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle
Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.

FTX’s Initial $1.2B Payout Process to Creditors Is Underway
The payments are being distributed in U.S. dollars through BitGo and Kraken.

FTX Sues Binance, Former CEO CZ for $1.8B
The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent

FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The FTX bankruptcy nears its finish line, with recoveries higher than what was in accounts when it collapsed – though those assets missed out on the market recovery since 2022.

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

Delaware Judge Approves FTX Estate’s Bankruptcy Plan
Most FTX creditors will get all their money back in cash, and then some.

FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan
The plan promises to return 118% of claims in cash to most creditors, who represent about $6.83 billion in claims by value.

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.
