logo

FTX Recovery Trust to Distribute More Than $5 Billion to Creditors on May 30

By: defi news|2025/05/16 03:00:09
0
Share
copy
FTX Recovery Trust, the entity overseeing the bankruptcy estate of the collapsed crypto exchange FTX Trading Ltd., said it will distribute more than $5 billion to creditors on 30 May 2025. The upcoming payout marks the second distribution under the company’s court-approved Chapter 11 Plan of Reorganization.Payments will be made to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes who have completed the required pre-distribution steps. The move is intended to advance restitution to thousands of customers and other creditors affected by FTX’s 2022 collapse.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

02:42

Data: If BTC breaks through 80,974 USD, the cumulative short liquidation intensity on mainstream CEX will reach 715 million USD

According to Coinglass data, if BTC breaks through $80,974, the cumulative short liquidation intensity on mainstream CEX will reach $715 million. Conversely, if BTC falls below $74,180, the cumulative long liquidation intensity on mainstream CEX will reach $715 million.
02:42

Data: If ETH breaks through 2,421 USD, the cumulative short liquidation intensity on mainstream CEX will reach 493 million USD

According to Coinglass data, if ETH breaks through $2,421, the cumulative short liquidation intensity on mainstream CEX will reach $493 million. Conversely, if ETH falls below $2,212, the cumulative long liquidation intensity on mainstream CEX will reach $482 million.
00:42

Time: The address marked as "BLESS Whale" received 99.9 million BLESS from the Null Address

According to Arkham monitoring, the Null address (0x000...000) recently transferred a total of 99.9 million BLESS to the address 0xa6a...1323 through minting, worth approximately $654,800. This token directly originates from the initial minting.On-chain data shows that the receiving address has freq...
00:42

Data: In the past 24 hours, the total liquidation across the network was 173 million USD, with long positions liquidated at 107 million USD and short positions liquidated at 66.0149 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $173 million, with long positions liquidated at $107 million and short positions liquidated at $66.0149 million. Among them, Bitcoin long positions were liquidated at $12.5968 million, Bitcoin short posit...
23:42

Foreign media: The second round of negotiations between Iran and the United States is scheduled for April 27

According to Jinshi, citing New Delhi Television, the second round of negotiations between Iran and the United States is scheduled to be held on April 27.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com