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DeFi News

Backpack has launched a zero-fee channel to help users sell their FTX claims directly on-platform includes identity verification and settlement.

Backpack Launches Zero-Fee Channel to Sell FTX Claims

Backpack

Backpack platform

FTX claim

Backpack中文

Backpack has launched a dedicated channel that lets users sell their FTX bankruptcy claims directly on its platform. The process includes identity verification, claim validation, offer confirmation, and settlement, all completed in one place. Importantly, Backpack charges zero fees. The company aims to provide a neutral, non-profit bridge between FTX claim holders and third-party buyers. [&hellip;]

Shivani Ramrakhyani

https://coinfomania.com/wp-content/uploads/Backpack-Launches-Zero-Fee-Channel-to-Sell-FTX-Claims.webp

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News

Coinfomania

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Shweta Chakrawarty is a technical editor and writer with over three years of experience covering crypto market news, blockchain technology, price analysis, and emerging digital trends. At Coinfomania, she delivers in-depth coverage of digital assets with a clear, accessible editing style. With a background in finance and marketing, she brings a sharp, analytical lens to everything from price movements to emerging tech. Previously a writer and editor at iWealthyfox, she focused on crypto blogs, breaking news, investor stories, and finance-driven content. She's passionate about making crypto understandable while staying curious in this ever-evolving space.

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Technical Editor

Shweta Chakrawarty

Explore the FTX Recovery Plan launching May 30, distributing $5B+ to creditors with payouts ranging from 54% to 120%, overseen by BitGo and Kraken.

FTX Recovery Plan for Creditors Marks Historic $5B Distribution Phase

FTX creditors are set to receive over $5 billion in distributions starting May 30. This marks a significant milestone in the court-approved FTX Recovery Plan for Creditors. Four categories of claimants will get compensation from the bankrupt exchange&#8217;s estate; recoveries will range from 54% to 120% of the initial holdings. The U.S. dollar values at [&hellip;]

Mehraneh Hosseini

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I'm Archisha Mondal, a content writer currently immersed in the dynamic world of crypto. With a strong foundation in Sociology from St. Xavier’s College and several years of experience across diverse content niches, I bring a unique blend of analytical depth and creative clarity to my writing. Today, I focus on translating complex crypto trends, market movements, and blockchain innovations into clear, engaging narratives for a wide audience. Whether it’s breaking down DeFi protocols, exploring meme coin surges, or analyzing Bitcoin’s price trajectory, I craft content that informs, connects, and inspires. Outside of writing, I’m a curious traveler, a movie enthusiast, and someone who’s always eager to explore new ideas - on the page and beyond.

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Archisha Mondal

Let’s explore the FTX lawsuit as it targets NFT Stars and KUROSEMI INC. over token disputes tied to the ongoing FTX Bankruptcy case.

FTX Estate Initiates Legal Action Against KUROSEMI INC. and NFT Stars

FTX Trading Ltd. and the FTX Recovery Trust have sued NFT Stars Limited and KUROSEMI INC. They aim to reclaim assets linked to the FTX Bankruptcy, as the lawsuits were filed in a Delaware bankruptcy court. FTX claims both parties breached contracts by withholding key token transfers vital to the estate’s recovery process. As repeated [&hellip;]

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Mikaeel Goharshadi is a crypto writer with over a year of experience covering the fast-moving world of blockchain and digital assets. I specialize in writing both technical articles, explaining protocols, tokenomics, and DeFi mechanisms, and timely news content that analyzes market trends, updates, and regulatory developments. My goal is to make complex crypto topics accessible and engaging for a broad audience, from retail investors to industry professionals.

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Mikaeel

The FTX bankruptcy estate has reached an agreement to drop its lawsuit against Bybit Fintech Ltd for a settlement

FTX and Bybit Reaches $228 Million Settlement in Bankruptcy Lawsuit

The FTX bankruptcy estate has reached an agreement to drop its lawsuit against Bybit Fintech Ltd for a settlement amount of $228 million. Notably, this deal will allow FTX to withdraw assets from the Bybit exchange. After months of negotiation, FTX, on Thursday, urged the US Bankruptcy Court for the District of Delaware to approve [&hellip;]

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Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as 36crypto and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.

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Crypto Journalist

Victor Swaezy

Bankrupt cryptocurrency exchange, FTX, has received approval for its compensation plan from a United States court

FTX Set to Repay Customers Following Approval From Court, Who Gets What?

Bankrupt cryptocurrency exchange, FTX, has received approval for its compensation plan from a United States court to repay its customers after two years of collapse. This comes as a welcome news to the victims who have been looking forward to this day. However, some have voiced concerns about the value of their assets to be [&hellip;]

FTX

Latest News in FTX

Backpack Launches Zero-Fee Channel to Sell FTX Claims

FTX Recovery Plan for Creditors Marks Historic $5B Distribution Phase

FTX Estate Initiates Legal Action Against KUROSEMI INC. and NFT Stars

FTX and Bybit Reaches $228 Million Settlement in Bankruptcy Lawsuit

FTX Set to Repay Customers Following Approval From Court, Who Gets What?