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 XinDiscover Binance's latest venture in the crypto world with the 44th Launchpool Project, introducing MANTA. Delve into the details of this significant launch, explore MANTA’s unique potential, and learn how it's set to transform the crypto trading landscape on Binance.
BrianDiscover how Green Man Gaming is revolutionizing the gaming industry by accepting Bitcoin. Read about the implications of this pioneering move for gamers and the digital economy.
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WeiliangExplore an in-depth analysis of the FDIC's allegations against Cross River Bank for 'unsafe' lending practices, and its implications for the finance and fintech sectors.
MiyukiAs per the study, Egypt has set its sights on introducing a digital currency, the E-Pound, issued by the Central Bank of Egypt, with a target launch by 2030.
AlexEven as it retraces that value, it could be likely that increased trading activity on ETFs may not necessarily translate to increased demand for spot products.
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WeiliangUnpacking the latest developments: French authorities probe a prominent tech firm for anticompetitive practices in the graphics cards sector. Dive into the details of the raid and its broader implications on the cloud computing industry and market dynamics. Read on for an insightful analysis of the Autorité de la Concurrence's findings and the pivotal role of hyperscalers in shaping the future of tech.
MiyukiExplore the intricacies of Binance's alternative URLs in India amidst regulatory challenges. Understand the implications for users, the crypto exchange's innovative responses, and the future of cryptocurrency in the country.
Weiliang