The total FTX claims 11 billion dollars, with $ 1.4 billion, is still unlawful star-news.press/wp
author
Hongji Feng
author
Hongji Feng
Involve
Main meals:
- Total FTX claims now 11 billion dollars, with $ 1.4 billion in conflict.
- Registered claims include $ 470 million linked to penalties or judicial borders, led by Chinese creditors.
- Shaquille O’Neal agreed to a $ 1.8 million settlement, the first of the FTX Celebrity supporters.
Creditor FTX claims reached an estimated $ 11 billion, with $ 1.4 billion that were not currently resolved, according to a post on the social media published by the creditor activist Sunil Cavouri On July 7.
In the court files on June 27, FTX Recovery Trust detailed the formation of disputed claims. Nearly $ 470 million includes demanding judicial states with restrictions on the use of cryptocurrencies or exposure to possible penalties.
The Chinese creditors are led by a group restricted in the FTX case
Another $ 290 million is related to demands that failed to know the procedures of the customer (KYC) in the Bahamas. The file said that an additional $ 660 million of claims has been marked with possible litigation or is subject to reconciliation.
The document, which was submitted at the Dilayer Banking Court, also noted that the disputed claims reserves had been reviewed from his original appreciation. The revised figure is now $ 4.6 billion, a decrease of $ 1.93 billion from the initial amount.
Of the restricted $ 470 million, Chinese creditors represent about 380 million dollars, or 82 % of this category, according to Kafoury Summary. The insurance fund is expected to seek the approval of the court for a separate distribution process for the registered or registered demands.
The total number of disputed claims is still under review, and confidence continues to reconcile the suspended amounts before the completion of any qualified creditors.
Shakeel O’Neill reaches a $ 1.8 million settlement
Former US Professional League star Shakil O’Neil has approved $ 1.8 million to settle the claims made by FTX investors, according to the court’s court in the American boycott court of the southern region of Florida. The proposed deal is the first settlement of celebrities related to the failed stock marketing.
O’Neal was named in a lawsuit against May 2023 regarding his support for FTX in a 2022 television advertisement. Prosecutors claimed that his promotion contributed to the investor losses after the stock exchange collapsed in the same year. O’Neel’s legal team confirmed the decision, saying that they are “happy with the presence of this?”
Other public figures, including Tom Brady and Kevin Olyer, have also been sued for their relationships with FTX but did not reach the settlements. In May, a judge in Florida rejected many related claims against other famous defendants.
The FTX case has become a reference point for how the encryption failure is beyond the basic financial claims. Legal measures against promoters, transformations in recovery expectations, and border border enforcement efforts are to test how the judicial authorities collapse of digital assets in practice.
Related questions (common questions)
Some demands are built in judicial states with penalties or restrictions on encryption, which require accredited mechanisms from the court for potential payments.
Although the settlement of O’Neil may affect other defendants, most cases remain open, and the courts have already rejected many claims.
FTX Recovery Trust continues to reconcile the disputed claims before completing the distributions, with the current reserve review to $ 4.6 billion.
https://cimg.co/wp-content/uploads/2025/07/07165721/1751907440-image-1751906435668_optimized.jpg
2025-07-07 16:58:00
