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 XinBlock's Bitkey Bitcoin wallet, with its unique design and user-focused features, is now available globally, empowering users to control their Bitcoin holdings independently.
MiyukiFinCEN reports $165M in potential crypto dealings tied to Hamas, raising concerns over terrorist groups exploiting virtual assets.
WeiliangApril's twin court dates will shape XRP's fate, with investors optimistic for a favorable ruling.
AlexSEC charges 17 over $300M crypto Ponzi targeting Latinos across borders.
AlexExperts clash over whether ether ETF demand justifies sacrificing staking rewards.
MiyukiBifrost integrates synthetic BTC and BtcUSD onto Stacks for cross-chain utility.
WeiliangAs firms like Boyaa double down on crypto, NFT hype flames flicker around cultural icons - signaling the search for utility beyond narrative.
BrianDarkfarm's BOME token, inspired by Pepe memes, went viral on Solana, surging over 47x in 24 hours amid artist's massive liquidity provision.
AlexStarbucks sunsets NFT pilot amid memecoin ad blitz and enterprise blockchain retreats.
AlexMemecoin fever sparks another multi-million Solana phishing scam as fraud shadows mania.
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