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.

Bankrupt exchange FTX announced that 98% of creditors will receive a 118% cash repayment, with disbursement starting as early as September.
FTX's FTT token surges 37% as Department of Justice investigates Binance for alleged money laundering. Tensions flip, spotlighting FTX's resilience, though challenges persist from 2022 bankruptcy fallout.
Solana (SOL), Serum (SRM), and the FTX Token (FTT) have been at the forefront of the crypto rally.
FTT has gained nearly 160% in a week. There appears to be no news driving the move.
The project developers said they would repurchase the tokens soon.
Open interest has doubled to $203 million, with bearish bets in demand, as Binance's entry into the FTX-Alameda drama has caused panic among investors.
Voyager clients could get 72% of funds returned.
PancakeSwap (CAKE) is a decentralised exchange that allows users to easily swap tokens across the Binance Smart Chain. FTX is ...