- Payoneer has joined Bitgo and Kraken as fee suppliers for FTX collectors since Could 30, 2025.
- Shaquille O’Neal has agreed to a $1.8 million settlement on allegations that it promoted FTX.
- Binance filed the file to dismiss the $1.76 billion lawsuit from FTX Actual Property, calling it a legally unfounded.
The fallout from the FTX collapse continues to unfold in a number of methods, due to buyer repayments, superstar accountability and the brand new growth of high-stakes authorized battles between the FTX Property and Binance, the world’s largest crypto trade.
The most recent strikes present that even years after the dramatic failure, the method of resolving authorized disputes by bringing collectively victims stays a posh and ongoing narrative.
FTX faucet Payoneer to hurry up worldwide buyer repayments
FTX Restoration Belief and FTX Digital Markets (FTX DM) have introduced that Payoneer shall be added as a brand new distribution service supplier. Fintech firms working in additional than 190 international locations will start processing distributions after Could 30, 2025.
Based on a press launch, FTX is becoming a member of Bitgo and Kraken to advertise repayments below the Chapter 11 Chapter Restructuring Plan accepted by the U.S. Chapter Court docket in Delaware.
Prospects who select Payoneer should confiscate their proper to obtain a direct US greenback distribution and as an alternative enable Payoneer to transform and switch equal funds in native forex. This selection is meant to simplify cross-border funds for worldwide prospects and improve entry to supported jurisdictions.
To qualify for distribution, claimants should log in to the FTX Buyer Portal, full KYC verification, submit required tax documentation, and be loaded with one of many three fee companions. This course of applies solely to invoice holders listed within the official register after the required 21-day discover interval.
Associated: Virtually half of Korean crypto buyers take into account FTX funds damaging
In Florida federal courtroom, Shaquille O’Neal agreed to pay a $1.8 million settlement in a category motion lawsuit over allegations that it promoted the now-repeated trade. The retired NBA star has been accused of deceptive buyers by way of social media promotions and occasion sponsorships, together with Shaq’s Enjoyable Home, a model competition sponsored by FTX.
This isn’t Shaq’s first crypto-related settlement, however lately acquired ultimate approval for a $11 million settlement associated to the sale of his Astrals and Galaxy NFT tasks.
Binance fights again and seeks fireplace within the $1.76 billion FTX lawsuit
In the meantime, the authorized battle between the 2 industrial giants continues. Binance filed an enchantment to dismiss a $1.76 billion lawsuit from FTX Actual Property, and added the declare to “There’s a authorized scarcity.”
The trade’s authorized group filed with Delaware Chapter Court docket argues that FTX makes use of the lawsuit to distract legal responsibility for its personal huge inside fraud.
Associated: FTX will distribute greater than $5 billion in Stablecoins to collectors this Friday
FTX Property claims that Binance acquired billions of {dollars} in Crypto throughout its 2021 buyback settlement, utilizing its buyer property to inappropriately fund it. Binance disputes the story, saying that FTX has remained a solvent for greater than a 12 months after the transaction and there’s no proof that the trade was bancrupt on the time.
Disclaimer: The knowledge contained on this article is for info and academic functions solely. This text doesn’t represent any type of monetary recommendation or recommendation. Coin Version shouldn’t be responsible for any losses that come up on account of your use of the content material, services or products talked about. We encourage readers to take warning earlier than taking any actions associated to the corporate.
