Latest FTX Token (FTT) News Update

Deep Dive

1. Fenwick Denies FTX Fraud Role (28 August 2025)

Overview:
Fenwick & West, FTX’s former legal counsel, filed to dismiss an amended class-action lawsuit alleging it enabled FTX’s fraud through shell entities, auto-deleting chats, and unregistered FTT sales. Plaintiffs cited testimony from ex-FTX executives claiming Fenwick advised on concealing misuse of customer funds.

What this means:
This is neutral for FTT as the case’s outcome remains uncertain, but prolonged litigation could delay resolution of FTX’s bankruptcy. Fenwick’s dismissal motion parallels a similar failed suit against Sullivan & Cromwell, suggesting plaintiffs face an uphill battle. (Crypto.News)

2. Trump Media Launches FTT SPAC (26 August 2025)

Overview:
Trump Media & Technology Group partnered with Crypto.com and Yorkville Acquisition Corp. to launch a SPAC holding 684M CRO tokens (20% of supply) and using FTT for Truth Social’s platform. FTT surged 35% post-announcement but later retraced gains.

What this means:
This is bullish short-term due to speculative hype but bearish long-term if the venture underdelivers. FTT’s utility here mirrors FTX’s historical reliance on exchange-driven demand, raising sustainability concerns. (Yahoo Finance)

3. Creditor Payouts Set for 30 Sept (25 July 2025)

Overview:
FTX’s third repayment round ($1.9B) begins September 30, bringing total creditor distributions to $8.1B. 98% of claimants will recover 119% of November 2022 asset values, though FTT remains excluded from repayments.

What this means:
Neutral for FTT, as repayments reduce existential risk but don’t directly support the token. The focus on 2022 valuations (e.g., SOL at $16) limits upside from recovered assets. (NullTX)

Conclusion

FTT’s path hinges on legal clarity from Fenwick’s case and speculative momentum from the Trump SPAC, while creditor repayments stabilize broader FTX liabilities. With FTT down 15% this week to $0.88, will the token decouple from FTX’s legacy—or remain shackled to its past?

Deep Dive

1. @criptofacil: FTX-Genesis Settlement Boosts FTT 🚀 (bullish)

“Processo FTX x Genesis de US$ 1,15 bi impulsiona token FTT em 50%”
– @criptofacil (23.4K followers · 189K impressions · 2025-09-24 13:12 UTC)
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What this means: The 50% surge reflects market sensitivity to FTX’s legal progress. Creditor repayments could reduce token sell pressure if resolved favorably.

2. @TomketLovers: Delisting Concerns Surface 🤔 (bearish)

“Kenapa binance ga delist” nih token padahal udh bangkrut?… belinya duit siap ilang aja”
– @TomketLovers (8.2K followers · 52K impressions · 2025-09-18 18:03 UTC)
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What this means: Questions about FTT’s exchange support highlight existential risks. Binance’s continued listing (despite FTX’s collapse) creates a volatility wildcard.

3. CoinMarketCap Community: Traders Target $0.98 Breakout 📈 (bullish)

“FTT is showing steady upward movement… breakout above 0.9600 could drive price towards 0.9700”
– Technical analysis post (Published 2025-08-10 05:53 UTC)
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What this means: The $0.94-$0.98 zone has become a technical battleground. Sustained volume above $0.96 could validate bullish setups targeting YTD highs.

Conclusion

The consensus on FTT is mixed, balancing legal optimism against structural skepticism. While the Genesis settlement and technical patterns suggest upside potential, FTT’s -8% daily drop (to $0.908 as of 2025-09-25) shows lingering fragility. Watch the $0.89 support level – a break below could invalidate recent bullish momentum.

Deep Dive

1. Final Creditor Repayment Phase (Q4 2025)

Overview: The FTX bankruptcy estate aims to complete repayments to institutional creditors (claims >$50k) by December 2025, per FTX creditor updates. Small creditors already received 120% of claims in February 2025, while large claimants have recovered 72.5% so far.

What this means: Neutral for FTT. While repayments reduce legal overhangs, they don’t directly enhance FTT’s utility. Token burns linked to FTX’s original fee structure remain inactive post-bankruptcy.

2. Lawsuit Resolution Timeline (2025–2026)

Overview: FTX’s $1.8B clawback lawsuit against Binance and ex-CEO Changpeng Zhao is ongoing, with a dismissal hearing expected by late 2025 (CoinTelegraph). A ruling could impact FTT’s liquidity if Binance delists the token.

What this means: Bearish risk. A prolonged case may suppress trading volumes, while a Binance delisting (currently holds 40% of FTT liquidity) could trigger volatility.

3. FTX 2.0 Speculation (Unconfirmed)

Overview: Despite rumors, no concrete plans exist for an “FTX 2.0” relaunch. Creditor repayments prioritize cash distributions, not FTT-based solutions. The token’s utility (fee discounts, staking) remains tied to a defunct exchange.

What this means: Bearish for adoption. Without a functional platform or burn mechanism, FTT lacks fundamental drivers beyond speculative trading.

Conclusion

FTT’s trajectory hinges on legal outcomes and creditor liquidity events rather than technical upgrades. While repayments may stabilize sentiment, the absence of a clear utility roadmap leaves the token exposed to volatility. Could renewed retail interest emerge if FTX’s brand revives post-2025?

Deep Dive

1. No Development Activity (2023–2025)

Overview:
FTT’s GitHub repositories show no meaningful code commits since FTX’s November 2022 collapse. The token’s utility remains tied to a defunct exchange, with no active protocol development.

Public developer activity metrics (e.g., GitHub commits, contributor counts) are stagnant. The last known technical update was FTX’s 2021 leverage token framework, which hasn’t evolved post-bankruptcy.

What this means:
This is bearish for FTT because stagnant development erodes long-term utility and investor confidence. Without upgrades, FTT risks becoming purely speculative.

2. Binance Margin Adjustments (May 2025)

Overview:
Binance reduced FTT’s collateral ratio under Portfolio Margin from 20% to 10% on 9 May 2025, citing “risk management” (Source).

This change lowers FTT’s borrowing power on Binance but doesn’t reflect updates to FTT’s native code. Similar adjustments occurred in April 2025 when Binance slashed FTT’s collateral ratio from 40% to 20%.

What this means:
This is neutral for FTT because it reflects Binance’s internal policy, not FTT’s technical health. However, reduced platform support could pressure trading liquidity.

3. Legal Focus Over Tech (2022–2025)

Overview:
FTT’s ecosystem has prioritized creditor repayments and lawsuits over technical improvements. For example, a $1.9B payout to FTX creditors began on 30 September 2025 (Source).

No codebase enhancements were tied to these financial maneuvers. FTT’s deflationary burn mechanism (last active in 2022) remains inactive post-bankruptcy.

What this means:
This is bearish for FTT because legal/operational overhangs divert resources from technical innovation, leaving the token reliant on speculative narratives.

Conclusion

FTT’s codebase has seen zero meaningful updates since FTX’s collapse, with development replaced by legal and financial restructuring. While Binance’s margin tweaks affect trading dynamics, they don’t address FTT’s technical stagnation. Investors face a critical question: Can FTT survive long-term without a functional ecosystem or developer support?