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.
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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.
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Keith Gill, aka Roaring Kitty, faces a class-action lawsuit for alleged securities fraud tied to GameStop. But many were quick to mock the lawsuit as it is doomed to fail. It seems like it will be a roaring success!
Nigeria's cryptocurrency market exceeds $400 million, with 33.4% of Nigerians actively trading or using crypto amid a 40% depreciation of the Naira in 2024. Regulatory uncertainty and cybersecurity risks pose challenges despite $56.7 billion in crypto transactions from July 2022 to June 2023.
NATIX Network, a global mapping initiative using AI and a decentralised camera network, will launch its $NATIX token listing on 2 July, aiming to create the world’s largest community-driven camera network.
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Pixels' founder, Luke Barwikowski, announced plans to develop more games within the 'Pixels' universe and hinted at potential future launches on Telegram, citing its intriguing ecosystem.
Sony's rebranding of WhaleFin to S.BLOX marks its entry into crypto with a robust platform, aiming to integrate across its diverse businesses and offer new users Bitcoin incentives through Nuro Mobile.