US Edition
FTX Seeks Time to Respond as Creditors Fight Freeze on $470M Foreign Claims
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.10 Articles
10 Articles
FTX seeks to suspend the repayment of $470 million due to the objections of the creditors, asking for an additional time to deal with the legal challenges related to the limited courts. The article Gel of 470 million blocked: FTX asks for more time to deal with the objections appeared first on Cointribune.
FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway
Some FTX creditors in The Bahamas have now been verified, unlocking eligibility for future distributions. KYC hurdles and UK/EU-style regulations have delayed $290 million in approved claims. Residents from 49 countries, including China, could be excluded from distributions. A breakthrough for FTX creditors has emerged this week, as multiple claimants were officially verified under the separate Bahamas legal process, marking a long-awaited step …
FTX's bankrupt estate requested more time before Delaware's court to respond to more than 90 objections to its plan to suspend payments in foreign jurisdictions. *** The application seeks to stop repayments in countries with ambiguous or restrictive crypto laws, including China. Chinese residents represent USD $380 million of the total USD $470 million in affected claims. Some creditors fear that the decision will lead their claims to be worth U…
Crucial Delay In $470M Repayment Dispute
The post Crucial Delay In $470M Repayment Dispute appeared on BitcoinEthereumNews.com. The saga of FTX, once a titan in the cryptocurrency world, continues to unfold with new twists and turns, particularly concerning the repayment of funds to its multitude of creditors. Just when it seemed a path to recovery was becoming clearer, a significant hurdle has emerged: a crucial request for delay in the ongoing FTX foreign claims dispute. This develop…
FTX Foreign Claims: Crucial Delay In $470M Repayment Dispute
BitcoinWorld FTX Foreign Claims: Crucial Delay in $470M Repayment Dispute The saga of FTX, once a titan in the cryptocurrency world, continues to unfold with new twists and turns, particularly concerning the repayment of funds to its multitude of creditors. Just when it seemed a path to recovery was becoming clearer, a significant hurdle has emerged: a crucial request for delay in the ongoing FTX foreign claims dispute. This development directly…
FTX Seeks Delay Amid Creditor Backlash Over Payout Freeze - FinanceFeeds
The bankrupt estate of cryptocurrency exchange FTX is asking a Delaware court for more time to respond to a wave of objections challenging its plan to halt creditor repayments in nearly 50 countries. In a filing submitted Sunday, FTX said it received more than 90 objections to its motion, which seeks to stop repayments in countries with unclear or restrictive crypto laws. A hearing is scheduled for Tuesday to weigh the estate’s original request.…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
