FTX to Distribute Over $5B to Creditors Beginning May 30, 2025

By: bitcoin ethereum news|2025/05/16 11:15:04
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The defunct cryptocurrency exchange partnered with Kraken and BitGo to facilitate the distribution of funds to creditors. FTX Recovery Trust will continue with recovering more funds for creditors and resolving outstanding claims. FTX Recovery Trust announced the second phase of the funds distribution will commence on May 30, 2025. According to the announcement, FTX will distribute more than $5 billion to creditors in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements. The FTX Recovery Trust partnered with Kraken and BitGo cryptocurrency exchanges to ensure seamless distribution of the funds in digital assets, including stablecoins. To all eligible FTX creditors in the second distribution plan, the funds will likely be processed within 1-3 business days from May 30. “These first non-convenience class distributions are an important milestone for FTX. The scope and magnitude of the FTX creditor base make this an unprecedented distribution process, and today’s announcement reflects the outstanding success of the recovery and coordination efforts of our team of professionals,” John J. Ray III, Plan Administrator of the FTX Recovery Trust, noted. The FTX team embarked on a journey to distribute $14-$16 billion to creditors after years of litigation. Earlier this year, FTX distributed $1.2 billion, with more funds allocation expected in the near future. Market Impact of the FTX Funds Distribution The distribution of FTX funds to creditors has coincided with a wider crypto market bullish recovery, led by Bitcoin pump above $100k. The distribution of more than $5 billion will likely add further buying pressure to the altcoin market, as crypto analysts forecast an altseason in the near future. Cryptocurrency exchanges Kraken and BitGo will benefit significantly from the FTX funds distribution as more creditors register to receive their funds. Ultimately, the resolution of the FTX bankruptcy will open a new chapter of mainstream adoption of cryptocurrencies via regulated exchanges. Source: https://coinpedia.org/news/ftx-to-distribute-over-5b-to-creditors-beginning-may-30-2025/

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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