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.
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Bankrupt exchange FTX announced that 98% of creditors will receive a 118% cash repayment, with disbursement starting as early as September.
The announcement came through a letter submitted to New York federal court on Friday.
Ripple Labs Singapore emerges as a major creditor in FTX bankruptcy with a significant $11.4 million claim, revealing complex ties in the cryptocurrency ecosystem.
FTX's bankruptcy plan raises critical valuation and repayment issues, leaving creditors and the crypto industry in limbo.
FTX 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.
Sam 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.
Recent 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.
The 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.
This crypto exchange presents a self-custodial solution that incorporates a multiparty computation technique, ensuring the utmost security for entrusted funds.
FTX initiates legal action against Bybit and associates in a $953 million asset recovery effort, amidst broader bankruptcy proceedings and ongoing efforts to reclaim funds.
NIST awards $3.6 million to 18 organizations to address the shortage of cybersecurity professionals. RAMPS program aims to align with local businesses for workforce development.
MicroStrategy, led by CEO Michael Saylor, acquires 12,000 BTC at $68,477 each, totaling 205,000 BTC worth $6.91 billion, surpassing BlackRock's holdings. Strategic investment coincides with Bitcoin's all-time high, signaling institutional adoption.
Bitcoin surges past $57,000, driving record trading in US Bitcoin ETFs, signaling institutional interest, despite traditional market indicators.
Ethereum surges near $3,000, signaling investor confidence. Solana struggles below $120, faces technical challenges. Dogecoin battles resistance at $0.08 but shows resilience with increased volume.
Luke Dashjr revealed that an unknown hacker had raided “basically all” of his Bitcoin holdings on New Year’s Day.
Trump’s distrust toward crypto has been apparent in the past when he called it a “scam” and deemed it “dangerous”. So his dive into the NFT world was a mind-boggling change.
XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre.
Several high-profile investment firms participated in the round, suggesting that interest in the space is far from waning anytime soon.
Analysts from Insider Intelligence believe that crypto’s transactional value will increase by 70% in 2022.