FTX has unexpectedly changed its payout plans, allocating only 10-25% of recovered assets to crypto holders while setting aside $230 million for preferred shareholders. Many creditors are outraged, feeling blindsided by these revisions and frustrated that reimbursements are based on much lower asset prices from the time of bankruptcy.
JoyBankrupt 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.
KikyoGolden Finance launches the 2200th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceCertiK has recently uncovered fresh activity associated with the enigmatic figure known as the 'FTX hacker.' Their monitoring tool detected a conversion of 5,624 ETH into BTC via a bridging transaction.
CatherineThe 15K ETH held in a wallet linked to last year's $600 million attack on FTX's wallets has recently been on the move but the identities of the parties responsible for the attack remain elusive.
KikyoThe FTX hacker appears to have moved some of the stolen bridged assets to OKX.
cryptopotatoNeed help navigating Etherscan? In today’s feature, you will learn the transactions’ ins and outs, and Etherscan links will be provided for your hands-on practice.
NellIt appears that most of the funds transferred off the bankrupt exchange were not moved under the direction of the Bahamian government.
Crypto BriefingThe crypto funds stolen from FTX shortly after its bankruptcy filing continue to be transferred.
BitcoinistThe mysterious looter siphoned about $400 million in digital assets from crypto exchange FTX late Friday night.
CoindeskA malicious actor was able to exploit a vulnerability in the tool and make off with almost $1M worth of ETH.
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