Tags: FTX

FTX seeks court approval to block creditor payouts in 49 countries, citing legal risks, with China accounting for over 80% of affected claims.

Creditors with claims under $50,000 have been paid fully, while larger claims await staged distributions to complete full recovery.

Unlike other celebrity endorsers, O’Neal remained in the lawsuit, now resolved with a final, all-inclusive $1.8 million settlement.

Bitcoin may break out in June as market optimism has been found to be quietly building around tech earnings, ETFs, and FTX-driven capital inflows.

FTX creditors will receive between 54-120% of their claims depending on classification, with crypto values pegged to November 2022 prices.

FTX warns more lawsuits coming as it negotiates with other token issuers to recover assets for creditor repayments.

Terminal Island, where SBF is now incarcerated, has a history of housing infamous criminals like Al Capone and Charles Manson.

After stops in Brooklyn and Oklahoma, SBF has begun serving his sentence in a harsher long-term California federal facility.

FTX intends to disallow more customer claims by June 1 if they fail to finish their KYC processes.

FTX’s creditor payments begin in May 2025, as BitMEX’s leadership, including Arthur Hayes, receives clemency after legal battles.

SBF, once a Democratic donor, pivots to Trump-aligned rhetoric in hopes of escaping his 25-year prison sentence.

Bitcoin’s decline fits historical bull market corrections, despite sharp losses from tariff news.

Joseph Bankman and Barbara Fried are exploring options to secure their son’s release but have not confirmed direct outreach to the White House.