FTX

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.

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.

FTX is set to make a $1.6 billion repayment to creditors on September 30, 2025, marking its third major payout since the 2022 collapse. Over $6 billion has been recovered so far, with significant repayments across various creditor groups.

Former NBA star Shaquille O'Neal agrees to pay $1.8 million to settle a class action lawsuit related to the FTX crypto exchange collapse, resolving claims from investors who lost funds.