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.
EdmundRecent 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 XinFTX's former CEO Sam Bankman_Fried received $2.2 billion in payments and loan from the bankrupt firm, according to a press statement.
CryptoSlateBankman-Fried has been trying to contact FTX’s new leadership, but his motivations are being questioned.
cryptopotatoIn a court filing, FTX attorneys requested that Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, testify under oath.
BitcoinistAn ex-President of FTX US has revealed the reasons for his resignation from the position.
BitcoinistFaced with the recent sharing of the former president of FTX US, Brett Harrison, Sam Bankman-Fried (SBF) said that those things are untrue.
OthersSam Bankman-Fried (SBF) claims no funds were stolen and blames targeted attack on Alameda as cause of collapse.
Others2021 tax returns claim Alameda and FTX ran at a net loss.
BeincryptoHe said that, after the damage was done, SBF should have proactively approached regulators and started answering questions.
BeincryptoThe embattled crypto businessman has been making unusual statements on Twitter and to the press since the FTX collapse.
Others