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 XinCointelegraph tweeted that SEC approved iShares' Bitcoin (BTC) Spot ETF, but was confirmed to be false by BlackRock.
AaronFantom Foundation finds itself contending with a significant breach with $657K drained in the depletion of more than 35 crypto wallets.
CatherineBut perhaps because it is always subject to attacks, and with a $50 million exploit in 2019 looming over their heads, Upbit's approach towards security and risk is more prudent than most.
SnakeThe acquisition follows a relatively recent fundingraising for BitGo and a partnership with South Korea's Hana Bank.
ClementThese exchanges have suspended deposits and withdrawals specifically for Wrapped EVER (WEVER) tokens, with native EVER tokens remaining secure and unaffected on Octus Bridge.
DavinBinance.US no longer permits USD withdrawals; asks users to convert USD to stablecoins or other digital assets.
KikyoThe ESMA further cautioned that even after implementation, investors should be prepared for the possibility of incurring total losses.
ClementExperience a digital gaming revolution with cryptocurrency payments in Roblox!
Hui XinThe burn rate of Shiba Inu ($SHIB), the meme-inspired cryptocurrency, has witnessed an astonishing surge of more than 250% within a mere 24-hour span. This surge was triggered by a series of 23 substantial transactions, resulting in the removal of a substantial 47.9 million SHIB tokens from circulation.
JasperSui under the investigative lens of the FSS with allegations centred on inaccurate reports pertaining to its circulating supply and the purported gains derived from staking activities.
Catherine