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.
KikyoBybit applies for a Hong Kong license, signaling strategic expansion and intensifying competition in the burgeoning Asian cryptocurrency market.
BrianCelsius Network exits bankruptcy, paying $3B+ to creditors and launching Ionic mining.
ZoeyBybit Web3 Swap's launch marks a significant step in the DeFi evolution, offering users a secure and streamlined token swapping experience. Ongoing developments, including upcoming integrations, showcase Bybit's dedication to staying at the forefront of innovation.
BerniceBybit Exchange announces the listing of Magic Square's governance token, SQR, for spot trading. SQR, associated with the Web3 platform, will be tradable on Bybit's platform, with early participants standing a chance to earn free SQR tokens. Magic Square's recent public sale through DAO Maker and the backing of influential investors add to the anticipation surrounding the listing.
Xu LinBybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
JoyDeadline extensions and auctioning distressed assets are on the schedule along with Sam Bankman-Fried’s attorneys entering the chat during the next FTX bankruptcy hearing.
decryptByBit has joined the ranks of major crypto exchanges such as Binance to publicly provide its proof of reserves.
cryptopotatoHere is a timeline of the major crypto bankruptcies in the past six months.
The BlockGenesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
OthersAn unnamed source told CNBC that the company plans to file the bankruptcy paperwork "imminently."
Cointelegraph