FTX's Controversial Asset Valuation Post-Bankruptcy

FTX plans to sell Digital Custody for $500,000 to file for bankruptcy protection

FTX’s legal team clarified that since FTX US has not yet restarted, Digital Custody has little value to the asset and will therefore be sold.

Swiss Crypto Bank Sygnum Raises $40M, Nears $1B Valuation

Swiss crypto bank Sygnum secures $40M in funding, reaching a valuation of $900M. Eyeing expansion into new markets, the bank aims to navigate the evolving crypto landscape and sustain trust through regulation amid industry shifts.

FTX Boosts FTT: Dave Inc. Seals $100M Deal Amid FTX Ventures Bankruptcy

In a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.

FTX compensation plan released: How to determine the compensation standard in currency circle bankruptcy cases?

In 2023, the FTX bankruptcy case, which single-handedly dragged the entire crypto-asset circle into a downward spiral, ushered in the latest development-the preliminary compensation plan for investors was released. Most investors believe that the compensation is unfair and unreasonable.

FTX and Celsius Navigate Troubled Waters Post-Bankruptcy

Cryptocurrency heavyweights like FTX and Celsius navigate post-bankruptcy challenges, with legal battles and regulatory scrutiny. Meanwhile, Voyager faces settlement fallout, while BlockFi stages a remarkable comeback. Genesis and Core Scientific grapple with complex legal issues. The crypto industry's financial drama unfolds with uncertainties, resembling a high-stakes poker game.

FTX's Financial Struggles: Accumulating $53,000 Per Hour in Bankruptcy Fees

FTX, facing financial distress, grapples with a staggering expense of $53,000 per hour in bankruptcy-related fees, revealing significant challenges in its legal battle.

FTX Challenges IRS’s $24 Billion Tax Claim in Bankruptcy Court

FTX, the bankrupt crypto exchange, challenges the IRS's $24 billion tax claim, deeming it "absurd and meritless." The fluctuating tax bill, currently at $24 billion, covers income and employment taxes from 2018 to 2022. FTX emphasizes the need for a fair resolution to protect bankruptcy victims. The upcoming court hearing on December 13 will play a crucial role in determining the distribution of FTX's remaining assets.

谷歌的20亿美元投资使FTX的破产“接近完全恢复”

FTX's Next Bankruptcy Hearing

Deadline 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.

[Feature] The What’s What at FTX’s First Bankruptcy Hearing

Although it took more than a week to schedule FTX’s first bankruptcy hearing, it did finally happen. The live tweets detailed what went on.