What's Going On? FTX Announces a Rare Move, Causing FTT Token to Surge Over 40%
Bankrupt exchange FTX announced that 98% of creditors will receive a 118% cash repayment, with disbursement starting as early as September.
MiyukiBankrupt exchange FTX announced that 98% of creditors will receive a 118% cash repayment, with disbursement starting as early as September.
MiyukiThe announcement came through a letter submitted to New York federal court on Friday.
AlexRipple Labs Singapore emerges as a major creditor in FTX bankruptcy with a significant $11.4 million claim, revealing complex ties in the cryptocurrency ecosystem.
BrianFTX's bankruptcy plan raises critical valuation and repayment issues, leaving creditors and the crypto industry in limbo.
KikyoFTX Judge's intervention sparks hope for quicker customer fund recovery in the bankruptcy case, yet uncertainties persist, with IRS cautioned about potentially lower-than-expected recoveries amid complex proceedings.
EdmundSam Bankman-Fried's prison experience, marked by unconventional currency use and alleged challenges to living conditions, adds an unexpected chapter to his legal saga. As the legal proceedings continue, the controversy surrounding SBF's actions inside the prison walls raises questions about the complexities of adapting to a new reality while facing serious legal consequences.
BerniceRecent court hearings disclosed that the bankrupt crypto exchange FTX utilized customer funds to repurchase its entire stake held by competitor Binance. The revelation came as part of ongoing investigations related to the trial of Sam Bankman-Fried, with the U.S. Department of Justice hiring an accounting professor to trace the funds between Alameda and FTX.
Huang BoThe estate of bankrupt crypto firm FTX has filed a lawsuit against Bybit, seeking to recover $953 million transferred to Bybit's investment arm. The legal complaint alleges misappropriation of funds and points to VIP status and questionable withdrawals leading up to FTX's bankruptcy filing.
Cheng YuanThis crypto exchange presents a self-custodial solution that incorporates a multiparty computation technique, ensuring the utmost security for entrusted funds.
KikyoFTX initiates legal action against Bybit and associates in a $953 million asset recovery effort, amidst broader bankruptcy proceedings and ongoing efforts to reclaim funds.
Hui XinTelegram plans to sell excess TON tokens below market value to avoid centralisation, aiming for a healthier, decentralized ecosystem amidst growing concerns and robust ecosystem growth.
MiyukiMeme coins, including WIF, PEPE, SHIB, DOGE, FLOKI, and BONK, are surging with triple-digit gains, outshining Bitcoin in the crypto market. While Bitcoin inches towards its all-time high, meme coins dominate the spotlight, showcasing unprecedented growth amidst bullish market sentiment.
Anais$BIF, a new memecoin on Solana, surged in value rapidly, drawing attention with its humorous branding and endorsements from influencers. Its fusion of popular memecoins Bonk and Dogwifhat has sparked enthusiasm among investors, but caution is advised amidst the volatile crypto market.
JoyBitcoin's price nears record highs, surpassing major assets and ETFs, indicating its growing market dominance and potential volatility, urging investor caution.
WeiliangDonald Trump supporters are using AI to fabricate images of black voters endorsing the Republican party, aiming to sway African American support. As the US heads into another election cycle, combating AI-generated disinformation is crucial to safeguarding democracy.
AnaisOver 31.5 million ETH, valued at $115 billion, is staked on Ethereum's Beacon Chain, enhancing network security and DeFi collateralization.
AlexMoscow proposes a blockchain-based payment system for BRICS to reduce reliance on the U.S. dollar, aiming for cost-effectiveness and independence.
MiyukiFantom Foundation secured a default judgement against Multichain Foundation, marking a crucial step in their pursuit of justice after suffering significant losses from a July 2023 exploit. With plans to petition for bankruptcy, Fantom aims to appoint a liquidator to aid in asset recovery efforts, urging affected users to actively engage in legal proceedings for potential refunds.
WeatherlyAnthropic introduces Claude 3, a trio of AI models boasting unmatched advancements in cognitive tasks, from rapid processing to near-human comprehension. Haiku excels in speed, Sonnet balances speed with intelligence, and Opus emerges as the powerhouse, surpassing benchmarks and redefining AI standards.
WeatherlyBitcoin has surged past its previous record high of $69,000 amidst growing mainstream adoption and institutional interest, fuelled by the approval of exchange-traded funds. Despite challenges, Bitcoin's resilience as a cornerstone of the crypto market remains evident, with enthusiasts anticipating further gains driven by the upcoming halving event.
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