FTX, a bankrupt crypto exchange, has settled 27 small claims against political donation recipients, recovering about $14.5 million. The settlements included small amounts as low as $2,900 or $7,500, but also saw the House Majority PAC and Senate Majority PAC return $6 million and $3 million respectively. While this is a major win for the FTX estate, the recovered funds are still a small portion compared to the billions of dollars the exchange plans to distribute to creditors. FTX is also facing other claims, including a motion from Three Arrows Capital to adjust its claims from $120 million to $1.5 billion. FTX has objected to this expansion, but the bankrupt hedge fund argues that the claims have not passed the British Virgin Islands statute of limitations. The distribution of funds to FTX creditors may not happen until late 2025, according to bankruptcy attorney Nicholas Hall, due to a slow claims verification process and a large number of outstanding claims that have yet to complete the necessary Know Your Customer (KYC) process.



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