Bankruptcy
FTX Bankruptcy Plan Approved: $16.5 Billion to Repay Customers
FTX has received court approval for its bankruptcy plan, enabling it to repay customers fully using $16.5 billion in recovered assets. This marks a significant step towards recovery for the embattled crypto exchange.
Published at 2025-09-21 11:02:30
FTX to Resume Creditor Repayments Starting September 30, 2025
FTX, the bankrupt crypto exchange, is set to begin another round of creditor repayments on September 30, 2025, after repaying nearly $6.2 billion. Former CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud and conspiracy. The upcoming payments will be distributed via BitGo, Kraken, and Payoneer, with the disputed claim reserve reduced to $4.3 billion.
Published at 2025-09-21 08:09:34