Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
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Four years after FTX, major crypto exchanges can prove they hold billions in customer assets while leaving their debts, collateral claims, and corporate obligations largely out of view.
The court kept the core clawback case alive but dismissed claims tying Binance to FTX’s collapse, leaving creditors without a guaranteed recovery.
Creditors who cleared June 16 requirements should be paid within three business days; allowed claim holders still awaiting provider onboarding may forfeit distribution rights.
Only creditors who cleared the June 16 requirements and can onboard with BitGo, Kraken or Payoneer are on the July 31 clock.
FTT surged despite having little remaining utility, showing how Bankman-Fried’s long-shot clemency campaign has become a speculative trade.
Creditors get cash fast via BitGo Kraken or Payoneer, and even 10% recycling could shift BTC absorption.
His Rule 33 motion says solvency was real on petition day, but one missing piece could sink it.
At these levels, the question stops being "how scared are people?" and becomes "does extreme fear actually predict anything?"
Bankman-Fried challenges insolvency narrative by arguing FTX's potential recovery was thwarted by legal intervention.
