FTX Navigates Dispute with Genesis, Proposes $176M Settlement

2023-8-17 19:20

FTX seeks a court-mandated resolution to their ongoing dispute with Genesis entities through a proposed $176 million settlement.

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FTX eyes return of $9 billion in customer funds through settlement proposal

Bankrupt FTX might claw back 15% from customers with claims over $250,000 from the platform nine days before its bankruptcy by requiring them to reduce claims, per an Oct. 16 statement. FTX is proposing a settlement to customers who withdrew more money from their accounts than they deposited in the 9 days before FTX filed […] The post FTX eyes return of $9 billion in customer funds through settlement proposal appeared first on CryptoSlate.

2023-10-17 13:00


FTX Debtors Pivot: Revised Settlement Proposal Emerges Amid US Trustee Objection

In a recent court filing on Sunday, bankrupt cryptocurrency exchange FTX disclosed that it had revised its motion for settlement after facing objections from the US Trustee.  Despite criticizing the US Department of Justice (DOJ) representatives for intervening in what they considered a routine settlement process safeguarded by two creditor committees, FTX debtors acknowledged the […]

2023-8-22 02:30