Creditors of the collapsed cryptocurrency exchange FTX with claims below $50,000 have started receiving their payouts, which include 9% annual interest accrued since November...
Key Takeaways
The plan promises that approximately 98% of users will receive 119% of their declared claims
It values claims based on crypto prices at the...
Key Takeaways
Agreements with specialized distribution agents are expected to be finalized in early December
The initial creditor payouts are expected in March 2025.
FTX, the bankrupt...
Trabucco, who was part of Sam Bankman-Fried’s inner circle and became Caroline Ellison’s right hand at Alameda Research, the trading firm co-founded by Bankman-Fried,...