FTXbankruptcy

🔔 MARKET MOVING NEWS! (20/09/25
1️⃣ FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month 👀 #FTXbankruptcy
Bankrupt crypto exchange FTX is set to distribute $1.6 billion to creditors on September 30 as part of its third repayment phase in the ongoing bankruptcy proceedings. The repayments, overseen by recovery lawyer John J. Ray III, will cover 78% to 120% of creditors' holdings at the time of collapse and be handled via platforms like Bitgo, Kraken, and Payoneer.

2️⃣ Grayscale Officially Launches GDLC, The First Index-Based Spot Crypto ETF ▶️ #GDLC
#Grayscale
Asset manager Grayscale has officially launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first index-based spot crypto ETF in the U.S. The fund, developed by CoinDesk Markets and rebalanced quarterly, provides exposure to top cryptocurrencies including Bitcoin (73% weighting), Ethereum (17%), Solana, XRP, and Cardano. It was converted from an over-the-counter product following SEC approval in July, with the process briefly paused before resuming under new SEC Chair Paul Atkins. Grayscale CEO Peter Mintzberg described the launch as a milestone in their commitment to transparent crypto exposure.

3️⃣ CZ's Family Office YZi Labs 'Deepens' Support Of Ethena Labs, Weeks After Binance Adds USDe Integrations 💰

YZi Labs, the family office of former Binance CEO Changpeng Zhao (CZ), is reportedly increasing its investment in Ethena Labs, the developer of the USDe synthetic dollar. Notably, this comes shortly after Binance announced it would integrate USDe as a spot trading pair and yield-bearing collateral asset for derivatives traders on the platform. It also comes as Ethena plans to expand on BNB Chain with new money markets, integrations, and partnerships. Though financial details of the increased stake remain undisclosed, YZi notes that "on the product front," its support will enable Ethena to "further drive USDe adoption across both CEXs and DeFi" and advance its USDtb stablecoin backed by BlackRock’s BUIDL fund.

4️⃣ U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations ‼️

The U.S. Treasury Department has advanced the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by issuing an advance notice of proposed rulemaking yesterday. Notably, this opens a one-month public comment period ending October 20, 2025.  For context, an "advance notice of proposed rulemaking" is a preliminary step taken to gather information that will be used to put together an actual proposal. In this case, the government seeks industry input on key areas like sanctions compliance, anti-money laundering, tax treatments, reserve asset custody, and state-federal oversight balance.
5️⃣ Sky Opens Vote To Penalise Stragglers Delaying MKR-To-SKY Token Conversion

DeFi protocol Sky (formerly MakerDAO) has reportedly opened a governance vote proposing a 1% "Delayed Upgrade Penalty" on MKR-to-SKY token conversions starting September 22. The proposal states that the tax would increase by 1% every three months to incentivise the remaining 19% of MKR holders (about 176,070 MKR worth over $316 million) to convert amid the ongoing rebrand from MakerDAO. This follows the Endgame overhaul, where 81% of MKR has already upgraded at a 1:24,000 ratio, and aims to simplify governance by eliminating parallel tokens, with conversions before the deadline exempt from fees

During the general hearing on September 11, 2025, the court did not address the issue of 'limited jurisdictions' — the very one that concerns thousands of creditors around the world.
📌 Let’s remember that back in August, many victims, including those from China and Ukraine, opposed the proposal to exclude users from 49 countries with strict crypto regulations from the distribution of over $500 million.

The bankrupt cryptocurrency exchange FTX has confirmed plans to repay its main creditors by May 30, 2025, marking one of the largest insolvency payouts in financial history. According to Bloomberg, the repayment will be made in cash, totaling $11.4 billion, drawn from the exchange’s reclaimed assets.
FTX’s Bankruptcy and Asset Recovery
FTX filed for Chapter 11 bankruptcy in November 2022 after founder Sam Bankman-Fried (SBF) was exposed for misappropriating client funds to cover losses at his hedge fund, Alameda Research. The collapse left over 1 million creditors trapped in one of the most notorious financial scandals in crypto history.
Since then, CEO John J. Ray III, known for overseeing Enron’s liquidation, has successfully recovered between $14.7 billion and $16.5 billion in assets. These include tech investments, real estate holdings, and digital assets, which benefited from Bitcoin’s surge in value.
FTX Creditors to Receive 119% Repayment
A court-approved restructuring plan, ratified in October 2024, ensures that creditors will receive 119% of their claims, an exceptional outcome in bankruptcy cases.
Smaller creditors with claims under $50,000 have already started receiving payments, with 98% of minor creditors expected to be fully compensated within two months of the repayment plan’s activation.
However, not all creditors are satisfied. Some have pushed for crypto-based repayments, citing Bitcoin’s substantial gains since 2022. However, U.S. Bankruptcy Judge John Dorsey has ruled that all reimbursements must be in cash, based on 2022 claim valuations.
What This Means for the Crypto Industry
FTX’s collapse exposed critical regulatory gaps in the crypto market, fueling global calls for stricter oversight to protect investors while balancing industry innovation.
The successful execution of this payout may restore confidence in crypto markets, reinforcing the need for better risk management in digital asset exchanges. However, for many creditors, the lack of crypto-denominated reimbursements remains a missed opportunity.
With Bankman-Fried sentenced to 25 years in prison and ordered to pay $11 billion in penalties, the saga of FTX’s collapse is nearing its final chapter—but its impact on the industry will be felt for years to come.
The post appeared first on CryptosNewss.com
#FTX #FTXbankruptcy $FTT

#FTXbankruptcy
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025.
FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday.
Key Takeaways:
FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts.
The Chapter 11 repayment plan aims to return up to $16.5 billion to former customers.
Analysts warn the payouts could introduce short-term crypto market volatility.
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025, according to a June 10 announcement.
The move is aimed at expanding payment accessibility as FTX proceeds with its bankruptcy repayment plan, which began its second major distribution, totaling over $5 billion, at the end of May.
FTX Repayment Plan Targets $16.5B in Customer Payouts Under Chapter 11
The broader repayment effort, part of the Chapter 11 reorganization, is expected to return between $14.7 billion and $16.5 billion to former customers.
Despite Payoneer’s reach across 93 jurisdictions, some users have voiced frustration on social media, saying their countries are still excluded from the list of eligible payout regions.

Others remain critical of FTX’s valuation methodology, which calculates payouts based on crypto prices at the time of the exchange’s collapse in November 2022, when bitcoin was worth just $17,583, compared to over $109,000 today.

On May 30, the FTX Trust began distributing $5 billion to eligible creditors who completed pre-distribution requirements, targeting both the Convenience and Non-Convenience Classes.
Under the plan, Dotcom Customer Entitlement Claims are set to receive a 72% distribution, while US Customer Entitlement Claims will see a 54% payout.
Convenience Claims will receive a full 120% reimbursement. General Unsecured Claims and Digital Asset Loan Claims are scheduled for a 61% distribution.
The FTX reimbursements are being closely watched by crypto investors, as large liquidity injections from these payouts could impact digital asset markets.
Analysts warn that if recipients choose to offload or swap their recovered funds on retail exchanges, it could introduce short-term price volatility.
This was the second major disbursement since FTX’s collapse. The first round of payments, totaling $1.2 billion, was distributed on February 18 to claimants with less than $50,000 in approved claims.
Sam Bankman-Fried’s Release Date Set for 2044
FTX founder Sam Bankman-Fried is now projected to be released from federal prison on December 14, 2044, after serving less than 21 years of his 25-year sentence for fraud tied to the FTX collapse.
He was also fined over $11 billion. Federal records confirm that Bankman-Fried has been moved from New York to a transfer facility in Oklahoma following nearly two years behind bars.
The move comes after Bankman-Fried was reportedly placed in solitary confinement earlier this month for giving an unauthorized interview to Tucker Carlson.
His incarceration began in August 2023, after Judge Lewis Kaplan revoked his bail due to allegations of witness tampering involving leaked diary entries from former Alameda CEO Caroline Ellison, who was a key witness in the case.

Follow 🔥 Stay tuned for more updates 🚀😍🚀
$BNB

The bankrupt cryptocurrency exchange FTX may block compensation payments totaling around $800 million to clients from 49 countries due to local restrictions on cryptocurrency trading. This decision, disclosed in court documents dated July 2, 2025, is causing disputes among investors. Among the countries affected by the restrictions are China, Russia, Saudi Arabia, and Ukraine. Chinese users have been hit the hardest, accounting for 82% of all frozen claims, amounting to hundreds of millions of dollars.

BREAKING: FTX HAVE STARTED DISTRIBUTION
OF $16 BILLION TO ITS CREDITORS. $BNB
$BTC

$ETH

IS MEGA PUMP COMING?

#FTXAuction #FTXbankruptcy #ftxpayback #CryptoNewsCommunity

#CryptoLovesLiquidity
#FTXbankruptcy
FTX is set to begin refunding small creditors on February 18, 2025, marking a significant milestone in its bankruptcy proceedings. Creditors with approved claims of $50,000 or less will receive full repayment, including 9% annual interest from November 11, 2022, the date of FTX's bankruptcy filing. These funds will be distributed through verified BitGo accounts linked to the claimants' registered email addresses.

Analysts estimate that approximately $2.4 billion could re-enter the cryptocurrency market following these repayments. This influx of capital has the potential to inject liquidity into the market, possibly influencing the prices of major cryptocurrencies. However, it's important to note that a portion of the claims, about $3.9 billion, has been acquired by credit funds, which may not reinvest in crypto assets. Additionally, around 33% of the remaining claims are associated with sanctioned countries or individuals lacking proper verification, which could affect the overall impact on the market.
While the repayments may provide a temporary boost in liquidity, the long-term effect on the cryptocurrency market will depend on various factors, including how recipients choose to utilize their refunded assets and broader market conditions.

🔔 MARKET MOVING NEWS! (02/01/25)

1️⃣ Illegal Crypto Ads Prevail In UK Despite FCA Warning
According to a Financial Times report, illegal crypto ads continue to appear in the United Kingdom (U.K.) despite the fact that the U.K.’s Financial Conduct Authority (FCA) is asking crypto projects to remove their advertisements targeting the country. The report states that only 54% of the 1,702 alerts issued by the FCA between October 2023 and October 2024 ended in illegal crypto ads being taken down. The FCA has yet to penalise the remaining companies that failed to remove crypto ads violating its rules.

2️⃣ Elon Musk’s Bizarre Name Change On X Turns Trader’s $66 Into $3M Profit 🕯

According to blockchain analytics firm Lookonchain, one lucky memecoin trader managed to turn $66 into almost $3 million in just 18 days after they bought a meme based on Tesla founder Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme. Specifically, onchain data shows that the trader bought 10.17 million Kekius Maximus (KEKIUS) tokens on Dec. 14. They then sold 2.81 million KEKIUS tokens for 60.3 ETH on Jan. 1 while holding the rest, making an eye-popping 45,900-fold paper gain.

#ElonMuskTwitter

3️⃣ Celsius To Appeal Order That Disallowed Its $444M Claim Against FTX 🔍

Defunct crypto lending platform Celsius has reportedly filed a notice of appeal against a court order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case. For context, Celsius had filed two claims that sought to claw back hundreds of millions from FTX. The first claim sought $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. The second claim, which was a revised version of the first claim, sought damages of $444 million by focusing on “preferential transfers” that gave special treatment to some creditors and not others. However, Judge John T. Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim were insufficient to preserve their preference claims. The appeal now seeks to reverse Judge John T. Dorsey’s order.

#FTXbankruptcy
4️⃣ Floki DAO Approves ETP Funding In Unanimous Vote ‼️

According to a Cointelegraph report, the Floki DAO has unanimously voted to use a portion of the FLOKI tokens present in its community buyback wallet as liquidity for the upcoming Floki exchange-traded product (ETP) in Europe. The ETP will reportedly go live on the SIX Swiss Exchange in the first quarter of 2025. Notably, the SIX Swiss Exchange is the largest stock exchange in Switzerland and the third largest stock exchange in Europe. A spokesperson for Floki said the ETP listing would add legitimacy to the community-driven memecoin.

5️⃣ Uniswap Teases V4 Is ‘Coming Soon’ After Missing Its Q3 Target Last Year ❓

Decentralised exchange Uniswap reportedly posted an image teasing the imminent release of Uniswap v4. Specifically, the image made with unicode showed the year 2025 with the caption “v4 is coming soon.” However, it didn’t indicate when it will be launched this year. Notably, this “teaser” comes after the DEX missed its earlier target of Q3 2024 for the launch of v4.

Uniswap v4 is expected to introduce new key features such as Hooks, which will allow developers to execute custom code before and after swaps. This will enable additional functionality like limit orders, custom oracles, fee management and automated liquidity management. It will also include dynamic fees, gas savings, flash accounting, native ETH support and multiple pool types.

#Uniswap’s

6️⃣ Memecoin Launcher Pump.Fun's Deposits To Crypto Exchange Kraken Surpass $300 Million ☄️

According to onchain analytics firm Lookonchain, the memecoin launchpad Pump.fun moved 120,000 SOL (worth about $15 million) to crypto exchange Kraken on Jan. 1st. The latest deposit brings pump.fun’s total deposits to Kraken at 1,500,893 SOL (worth over $300 million). The post noted that pump.fun has sold 264,373 SOL for 41.64 million USDC. Lookonchain also reported that the memecoin launchpad has earned 2,016,391 SOL tokens to date, pushing its total revenue to nearly $398 million.
#Crypto2025Trands #CryptoAMA