NBA legend Shaquille O’Neal has agreed to pay $1.8 million to settle a class-action lawsuit brought by investors in the collapsed crypto exchange FTX, according to several media reports this…
In brief
O'Neal will pay $1.8 million to settle a lawsuit tied to promoting FTX.
Plaintiffs alleged he helped market unregistered securities.
The deal includes broad legal immunity and covers legal costs.
Shaquille O’Neal…
Bankrupt cryptocurrency exchange FTX is facing fresh scrutiny from users fighting for at least $2.2 billion worth of disputed claims still pending approval, with numerous creditors continuing to struggle to…
Key Points:FTX is entering the second phase of its repayment plan.Repayments impact stablecoin liquidity.The payment process is managed by Kraken and BitGo.
FTX stated that it has distributed payments exceeding $5…
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FTX announced the commencement of the second phase of its user repayment program, aiming to distribute over $5 billion to creditors over the…
Key Points:FTX initiates over $5 billion repayment phase for users.Creditors expected to receive funds promptly.Payouts primarily in stablecoins and cash.
FTX Trading Ltd. announced the launch of the second phase of…
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Key Takeaways:FTX Recovery Trust began a $5B second payout to eligible creditors on May 30.
Creditors will receive up to 72% payouts, with payments processed via Kraken and BitGo.
Distributions could trigger…
The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience…
The FTX Recovery Trust will begin distributing over $5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three…