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.
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Bankrupt exchange FTX announced that 98% of creditors will receive a 118% cash repayment, with disbursement starting as early as September.
The announcement came through a letter submitted to New York federal court on Friday.
Ripple Labs Singapore emerges as a major creditor in FTX bankruptcy with a significant $11.4 million claim, revealing complex ties in the cryptocurrency ecosystem.
FTX's bankruptcy plan raises critical valuation and repayment issues, leaving creditors and the crypto industry in limbo.
FTX 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.
Sam 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.
Recent 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.
The 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.
This crypto exchange presents a self-custodial solution that incorporates a multiparty computation technique, ensuring the utmost security for entrusted funds.
FTX initiates legal action against Bybit and associates in a $953 million asset recovery effort, amidst broader bankruptcy proceedings and ongoing efforts to reclaim funds.
In San Francisco in 2021, every visitor to this West Coast city will find huge FTX advertisements everywhere in the core of the city, featuring Sam Bankman-Fried and his iconic hairstyle.
Golden Finance launches the 2279th 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.
More than 500 days after FTX filed for bankruptcy, the world will soon know whether former CEO Sam Bankman-Fried will still spend decades in prison or get a lighter sentence .
A deep dive into innovations, impact, and future prospects in Decentralised Finance (DeFi).
FTX creditors have requested anonymity due to the perceived risk of fraud and theft associated with cryptocurrency.
Lewis Kaplan, a senior judge of the United States District Court for the Southern District of New York, was appointed to take over the SBF case.
Bankman-Fried could have supposedly played a role in the crash of UST and LUNA.
From lengthy tweets with cryptic poetry references to interviews, and more, now comes an internal letter that is not so "internal" anymore.
Crypto regulation is inevitable. That's not necessarily a bad thing, as regulatory clarity will free builders from worrying about government action while paving the way for more capital to enter the space.