FTX Nears $4 Billion Settlement with CFTC Amid Bankruptcy Proceedings
14.07.2024 11:00 1 min. read Alexander Stefanov
FTX, a defunct crypto exchange, has reached a preliminary agreement to settle with the US Commodity Futures Trading Commission (CFTC), marking a significant step in its bankruptcy proceedings since its abrupt collapse in 2022.
In a court filing on July 12, FTX disclosed a proposed $4 billion settlement with the CFTC, a substantial reduction from the initial demand of $52.2 billion.
This agreement, subject to approval by Judge John Dorsey on August 6, aims to prioritize payments to other creditors over the CFTC’s claims.
The settlement seeks to expedite asset distribution and avoid prolonged legal battles, preventing additional penalties while subordinating the CFTC’s demands.
Despite concerns from creditors like Sunil Kavuri regarding potential compromises in restitution, FTX continues to face opposition to its repayment plan, which offers $14.5 billion to $16 billion based on November 2022 asset valuations.
Analysts speculate that FTX’s efforts to settle and repay debts could impact broader crypto markets positively, potentially influencing market dynamics as the proceedings continue.
-
1
Vitalik Buterin Warns of Risks if Digital Infrastructure Stays Opaque
24.09.2025 18:30 2 min. read -
2
Coinbase’s Base Pushes Beyond Dollar Stablecoins With Local Currency Tokens
03.10.2025 10:00 2 min. read -
3
MetaMask Confirms $30 Million Rewards Program But Warns Rumors Are Misleading
05.10.2025 14:00 2 min. read -
4
Can Bitcoin Outlast Stocks in the Age of Artificial Intelligence?
15.10.2025 8:30 3 min. read -
5
Coinbase Unlocks Millions of Onchain Assets With New DEX Trading Integration
09.10.2025 9:00 2 min. read
Over 600 Accounts Banned as Binance Tightens Security Rules
Over 600 user accounts have been permanently banned by Binance after the exchange detected the use of unauthorized trading tools, signaling a renewed focus on compliance and platform security.
NYC’s Future Could Be All About Crypto, AI, and Cutting-Edge Biotech
Andrew Cuomo seems ready to re-enter New York’s political scene with an unexpected twist – by betting on crypto and artificial intelligence as the city’s next big growth engines.
The SEC Shutdown Is Freezing Crypto Deals – Here’s What Investors Need to Know
More than a month into the federal shutdown, agencies overseeing digital assets are struggling to operate, leaving critical approvals and rulemakings on hold.
Franklin Templeton: The Real Future of Investing Is Being Built in Asia
Asia is quietly taking the lead in digital finance. While U.S. regulators hesitate, markets across the Pacific are already turning tokenization from theory into reality.
-
1
Vitalik Buterin Warns of Risks if Digital Infrastructure Stays Opaque
24.09.2025 18:30 2 min. read -
2
Coinbase’s Base Pushes Beyond Dollar Stablecoins With Local Currency Tokens
03.10.2025 10:00 2 min. read -
3
MetaMask Confirms $30 Million Rewards Program But Warns Rumors Are Misleading
05.10.2025 14:00 2 min. read -
4
Can Bitcoin Outlast Stocks in the Age of Artificial Intelligence?
15.10.2025 8:30 3 min. read -
5
Coinbase Unlocks Millions of Onchain Assets With New DEX Trading Integration
09.10.2025 9:00 2 min. read
Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate $6 billion to affected users, specifically targeting those impacted by its 2022 collapse.
The bankrupt cryptocurrency exchange FTX has initiated legal proceedings to reclaim over $50 million in assets that it alleges were wrongfully taken by KuCoin, as stated in court documents from October 28.
FTX’s liquidators have filed a strong objection to a multi-billion-dollar claim by failed hedge fund Three Arrows Capital (3AC), arguing the request is based on exaggerated and misleading figures.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.
FTX’s bankruptcy estate is preparing to unlock a significant portion of its remaining Solana (SOL) holdings, releasing 11.2 million tokens valued at approximately $1.57 billion.
FTX’s bankruptcy case continues to unfold with significant developments, as recent filings reveal the recovery of millions in political donations made by the exchange.
FTX and its affiliates have moved closer to finalizing their reorganization plan, which has received substantial backing from creditors.
FTX is gearing up to implement its restructuring plan, with the effective date anticipated for early January 2025.
FTX has filed a motion to settle with Caroline Ellison, the former Alameda Research CEO, requiring her to relinquish nearly all her assets.
FTX is set to begin distributing $16 billion in assets to creditors starting in early Q4 2024.
FTX Trading Ltd. and the FTX Recovery Trust have announced August 15, 2025 as the official record date for their next round of distributions.
FTX, the collapsed crypto exchange, has agreed to pay Emergent Technologies $14 million to resolve a dispute involving over $600 million worth of Robinhood shares.
In a recent development, the bankruptcy estate of FTX has reached a $228 million settlement with the Bybit exchange, as detailed in an October 24 legal filing.
Bankrupt crypto company FTX has filed a lawsuit against Binance and its CEO Changpen Zhao, seeking to recover $1.76 billion.
The management of the bankrupt crypto exchange FTX is set to sell 22.3 million locked Worldcoin (WLD) tokens, valued at about $37.7 million, as part of its ongoing fund recovery efforts for creditors.
FTX, the defunct cryptocurrency exchange, is preparing to refund over $1.2 billion to users who have been locked out of their funds since its 2022 collapse.
FTX, the defunct crypto exchange at the center of one of the industry's biggest scandals, is preparing to begin large-scale repayments to its creditors starting May 30.
FTX is poised to begin reimbursing claims over $50,000 starting May 30, nearly 27 months after its spectacular collapse in November 2022, marking a significant milestone in its contentious bankruptcy process.
The bankrupt crypto exchange FTX will disburse an additional $1.6 billion to creditors at the end of this month, marking the third wave of repayments under its ongoing Chapter 11 reorganization plan.
Captain Faibik, a well-known analyst on X, predicts a significant rise for FTX Token (FTT), expecting a midterm rally of about 180% to reach a target price of $4.