MUNG Secures Payouts for FTX Creditors – A Major Win After Two-Year Battle
- Monin Ung
- Jun 5
- 2 min read
Hong Kong / Singapore – June 2025 — MUNG is proud to announce a major breakthrough for several of our clients involved in the FTX bankruptcy case. After over two years of cross-border negotiations, legal coordination, and relentless follow-up, our clients—creditors of the now-defunct cryptocurrency exchange FTX—have begun receiving official repayment distributions as coordinated by the exchange’s liquidators.
This marks a critical milestone in what has been one of the most complex and high-profile bankruptcy proceedings in the crypto sector. Our legal team has been actively engaged in the creditor process since 2022, working tirelessly across time zones to protect and advance our clients’ claims.
“Hundreds of late-night transpacific calls, countless emails, long creditor meetings, and endless scrutiny of official notices and filings—our team never lost focus,” said Monin Ung, Managing Director at MUNG. “Seeing our clients finally recover what they are owed is deeply fulfilling.”
As the cryptocurrency industry matures, accountability and legal infrastructure must evolve alongside it. The collapse of FTX highlighted a broader systemic gap in governance, transparency, and consumer protection across Web3 platforms. MUNG Legal believes that legal enforcement and regulatory oversight are not barriers to innovation, but the very foundation that ensures trust and long-term sustainability in the digital asset economy.
FTX is only one of many cases. MUNG is actively at the frontlines of numerous similar cross-border matters involving crypto insolvencies, exchange fraud, investor protection, and token recovery. From navigating token clawbacks to assisting investors in recovering mismanaged funds, our firm remains a steadfast advocate for fairness and legal recourse in an industry still writing its rulebook.
Throughout the process, MUNG Legal provided strategic advisory and legal support to ensure timely submission of creditor claims, close tracking of updates from the bankruptcy estate, and robust representation in communications with the court-appointed liquidators.
As global news outlets report that FTX’s liquidators have now commenced disbursement to verified creditors (source), MUNG is pleased to share that our clients are among the first to benefit from this recovery milestone.
This achievement reflects our firm’s ongoing commitment to pursuing justice and financial accountability in the Web3 and digital asset ecosystem.
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About MUNG
MUNG is a cross-border law firm specializing in Web3, fintech, digital assets, capital markets, and trust law. With offices and partners across Hong Kong, Singapore, and offshore jurisdictions, we are proud to represent a new generation of founders, investors, and innovators shaping the new economy.
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