🚨🚨 #FTX 🚨🚨 🚨 BREAKING: FTX Recovery Trust will distrib | CURRENT UPDATE ON CRYPTOCURRENCY on Binance Square

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CURRENT UPDATE ON CRYPTOCURRENCY

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🚨🚨 #FTX  🚨🚨🚨 BREAKING: FTX Recovery Trust will distribute over $5 billion to creditors in its second round of payouts on May 30, 2025.

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CURRENT UPDATE ON CRYPTOCURRENCY

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🚨🚨 #FTXUpdate 🚨🚨 Latest on FTX Creditor Payouts Here’s what’s going on with the FTX situation as of mid-May 2025: 💰 Over $5 Billion Coming Back: FTX is officially set to begin distributing over $5 billion to its creditors starting May 30. This is one of the biggest bankruptcy repayments in crypto history. 📆 It’s Been a Long Wait: After nearly 18 months of legal wrangling since FTX collapsed in late 2022, this is the first major payout phase for those who had funds stuck on the platform. 🪙 Fiat, Not Crypto: Most creditors will be repaid in cash (USD equivalents), not crypto. This is based on the value of their holdings at the time of FTX's bankruptcy (November 2022), not current prices — which has caused some frustration among those who held assets like SOL or BTC that have risen sharply since then. 📉 Some Big Losses Still: Even with this $5B+ payout, many creditors will still face losses — especially if they had large balances or assets that have appreciated a lot post-2022. ⚖️ Legal Wrap-Up Still Ongoing: The distribution is part of the broader bankruptcy case being overseen in Delaware. The legal team is still pursuing asset recoveries from other parts of Sam Bankman-Fried’s empire. ⏳ What’s Next: This isn’t the end. More distributions may follow later as additional funds are recovered, but May 30 is the first major milestone.

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🚨🚨 #BTCdominance 🚨$ETH 🔥 LATEST: $BTC dominance dips from 64.4% to 61.6%, while $ETH rises to 9.75% (+3%) and alts climb to 22.35% (+2%).

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🚨🚨 #coinbase 🚨🚨 🚨 BREAKING: Coinbase says cybercriminals bribed overseas support agents to access customer data used in targeted social engineering attacks. Coinbase won’t pay the $20M ransom demand, offering a $20M reward instead for info leading to the attackers’ arrest and conviction.

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🚨🚨 #Solana 🚨 $SOL 🚨🚨 🔥 NEW: Metamask co-founder confirms native $SOL support is coming this May.

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🚨🚨 #NASDAQ 🚨$BTC 🚨🚨 🇨🇳 NEW: Chinese garment and logistics firm Addentax (NASDAQ: ATXG), is in talks to acquire up to $800M in Bitcoin and other cryptocurrencies by issuing new shares.

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