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Key with you:
- FTX claims that a total of $ 11 billion, with $ 1.4 billion, is in dispute.
- Limited demands include $ 470 million linked to sanctions or jurisdic limits led by Chinese creditors.
- Shaquille O’Neal agreed to settle $ 1.8 million, the first among FTX celebrities supporters.
According to a contribution to the social media, creditors ‘creditors’ creditors have achieved FTX creditors with an estimate of $ 11 billion, while $ 1.4 billion was not solved Sunil Kavuri July 7.
In court submission of 27 June Ftx The Recovery Trust describes in detail the composition of the disputed demands. Approximately $ 470 million includes applicants in jurisdictions with a reduction in the use of cryptocurrency or possible sanctions.
Chinese creditors lead a limited fund in the case of FTX
Another $ 290 million is associated with applicants who have not completed well -known customers’ procedures (KYC) on the Bahamas. For potential litigation, another $ 660 million was marked with or undergoing reconciliation, she said.
The document submitted to the bankruptcy court in Delaware also noted that the disputed reserve for claims was revised from the original estimate. The revised value is now $ 4.6 billion, which is $ 1.93 billion of the initial amount.
Of the limited $ 470 million, Chinese creditors are approximately $ 380 million, ie 82% of this category, according to Kavuri. Confidence is expected to seek the approval of the court for a separate distribution process for sanctioned or limited applicants.
The overall set of disputed demands remains reviewed and confidence continues to harmonize outstanding amounts before the completion of any pay -offs for eligible creditors.
Shaquille O’Neal reaches a $ 1.8 million settlement
Former star NBA Shaquille O’Neal has agreed Pay $ 1.8 million to settle FTX investors’ claims, according to court filing with the US District Court for the Southern district of Florida. The proposed agreement is the first settlement of celebrities related to the unsuccessful Burta.
O’Neal was appointed in court proceedings for May 2023 over its approval of FTX in television advertising 2022. The petitioners claimed that its promotion contributed to the loss of investors after the collapse of the exchange of the same year. O’Neal’s legal team confirmed the resolution and said they were “pleased to have this matter behind us”.
Other public personalities, including Tom Brady and Kevin O’Leary, were also sued for their ties to FTX, but did not reach settlements. In May, the judge in Florida dismissed several related claims against other accused celebrities.
The FTX case has become a reference point as crypto fails beyond the basic financial demands. Legal measures against promoters, changes in anticipation of recovery and cross -border effort to enforce enforcement tests how jurisdiction controls the digital asset in practice.
Frequently asked questions (FAQ)
What makes limited resolution demands?
Some applicants are based on jurisdictions with sanctions or crypto restrictions that require mechanisms approved by the court for potential payouts.
Could other celebrities settle their litigation FTX?
While O’Neal’s settlement can affect other defendants, most cases remain open and the courts have already rejected several claims.
What is the state of total recovery for creditors?
FTX Recovery Trust continues to align the disputed demands before the completion of the distribution, while the current reserve is revised to $ 4.6 billion.
Contribution FTX claims a total of $ 11b, with $ 1.4b still unresolved He appeared for the first time Cryptonews.
