FTX’s bankruptcy estate is uncertain whether it is legally entitled to distribute payouts to creditors in countries such as China amid local crypto restrictions.
Latest News on FTX

Get the latest news on FTX! FTX was a major crypto exchange founded by Sam Bankman-Fried and Gary Wang in 2019. Its native (FTT) token served multiple roles within the FTX ecosystem, such as reducing exchange fees for users. FTX also purchased a certain amount of FTT each week and burned it to control inflation.
In November 2022, FTX crashed due to a liquidity crisis, financial mismanagement and mass withdrawal of funds by rattled investors. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy, with Bankman-Fried sentenced to 25 years in prison in March 2024.
Stay informed on the latest developments in the FTX saga with Cointelegraph.
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A US judge has allowed Celsius’s lawsuit over Tether’s $4 billion Bitcoin liquidation to move forward, rejecting key parts of Tether’s dismissal bid.
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The interim US Attorney for the Southern District of New York requested an exclusion so prosecutors and defense lawyers may discuss a “potential resolution” for Michelle Bond's case.
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FTX lawyers argued that creditors should not serve as a “backstop” for Three Arrows Capital’s risky leveraged strategy.
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Crypto market capitulation refers to a point of extreme selling pressure when investors panic and sell off assets, often marking the bottom of a market cycle.
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FTX creditors are awaiting progress on at least $2.2 billion worth of disputed claims, with some users reporting issues with the KYC verification process.
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The payouts to FTX creditors have sparked both controversy and speculation that the payouts could be reinvested back in the crypto markets.
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Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally.
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The real-time analysis of blockchain wallet activity is shaking up crypto's power dynamics, shifting influence toward those who can decode onchain behavior and weaponize transparency.
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Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud.
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Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30.
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Backpack allows former FTX EU users to reclaim euro balances after KYC verification, following its acquisition of the bankrupt crypto platform's EU arm.
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Michelle Bond, facing campaign finance charges, is one of the last significant figures tied to cryptocurrency exchange FTX, through her husband, to be awaiting trial.
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Actor Ben McKenzie said he had spoken with Sam Bankman-Fried before the collapse of FTX and Alex Mashinsky before Celsius Network filed for bankruptcy.
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FTX has sued NFT Stars and Kurosemi, which operates as Delysium, in the collapsed crypto exchange’s latest bid to try to scrape together money for its creditors.
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