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FTX Launches Lawsuit Against Token Issuers To Recover Assets

CoinGape LogoCoinGape19h ago

FTX Launches Lawsuit Against Token Issuers To Recover Assets - CoinGape

Quick Summary:

FTX has taken legal action against two token issuers in a valiant attempt to recover its assets.

The embattled exchange says it will begin lawsuits against entities in possession of its assets that refuse to cooperate in a last-ditch attempt to fulfill bankruptcy obligations.

To fulfill its obligations, FTX unlocked $21M SOL as part of its creditor repayment plans, but the troubled exchange faces an uphill climb.

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FTX Launches Lawsuit Against Token Issuers To Recover Assets - CoinGape (Picture 1)

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Article Details

Author / Journalist: Aliyu Pokima

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 07:53:02 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28282302

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "FTX Launches Lawsuit Against Token Issuers To Recover Assets" has 423 words across 31 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "FTX Launches Lawsuit Against Token Issuers To Recover Assets" was covered 19 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 32 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #28282302
  • URL: https://pretty-looking.beamstart.com/news/ftx-launches-lawsuit-against-token-17459132923659

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