The FTX Recovery Trust, the entity supervising the distribution of Crypto Exchange bankruptcy funds, announced a third distribution tranche for creditors, worth around 1.6 billion dollars. According to an announcement on Friday, the distribution is scheduled for September 30 and the creditors should receive funds in their accounts within three working days following the date … Read more
Backpack EU, the owner of FTX EU – The old European branch of the deceased Exchange FTX – launches operations after having settled with the Cyprus Securities and Exchange Commission (CYSEC). Backpack EU, recorded with CYSEC as Trek Labs Europe, announced on Monday the launch of its perpetual term platform in Europe, the company told … Read more
The FTX Crypto Exchange FTX customers seek to update their trials against Fenwick & West, one of the law firms formerly contracted by the company, saying that new information shows that it was at the heart of the FTX collapse. The criminal trial of the former CEO of the FTX, Sam Bankman, and surveys in … Read more