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 XinThe current Bitcoin bear market will likely end this year, according to Hashrate Index.
BeincryptoCo-founder of Rockstar Games, and one of the mastering minds behind popular titles like “Grand Theft Auto”, Dan Houser participated ...
BitcoinistThe hype around Bored Ape Yacht Club (BAYC) NFTs seems to have cooled off, and that’s evident by its floor ...
BitcoinistMajor franchises in Gibraltar including Costa Coffee, the Card Factor and Hotel Chocolat now accept Bitcoin over the Lightning Network or on-chain.
CointelegraphMajor South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets.
CointelegraphDan Peña is an old-school American businessman infamous for making some pretty questionable claims and raising a few eyebrows. Recently ...
BitcoinistThe bank advised the Blockchain Association of Uganda (BAU) to sharpen up its knowledge of the sandbox regulations, inviting its members along to further technical discussions.
CointelegraphThere are goblins and then there are Goblin NFTs. The former come from folklore and fantasy, mischievous and hideous looking ...
BitcoinistThe crypto market performed well over the last week, but two key data points hint at a brief cooling-off period.
CointelegraphThe wait for the long-awaited Ethereum Merge just got longer, leading analysts to discuss potential price outcomes for Ether.
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