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.
KikyoAI governance covers the rules, principles and standards that ensure the responsible development and use of AI technologies.
JinseFinanceAs AI technologies continue to progress, the importance of AI global governance is growing significantly.
Hui XinAI's progress opens the possibility of reconnecting with departed loved ones.
Hui XinNavigating the future of healthcare by integrating AI's transformative role in medicine.
Hui XinArkham Intel Exchange celebrates a milestone as two brilliant blockchain sleuths successfully claim the first-ever bounty reward for uncovering crucial evidence related to Do Kwon’s elusive crypto wallets.
BitcoinistArkham在Twitter上分享了用户候补名单链接，可由于编码方式的疏忽导致用户电子邮件地址全部被曝光。
CointelegraphCoinlive Bitcoin is up massively since the start of the year – but does that really mean the bull market is back?
cryptopotatoBitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts.
CointelegraphBIS’ cryptocurrency market intelligence platform will be launched under the Eurosystem Centre’s initiative to provide vetted data on crypto projects.
Cointelegraph