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 XinBitcoin's surge to $45,000 triggers record-high 66% funding rates in perpetual futures, making long positions costly. Market experts predict sustained bullishness amid expectations for a Bitcoin ETF approval.
JoyxKingdom combines SocialFi and GameFi, offering kingdom building, hero upgrades, Twitter rewards, and a multifaceted earning ecosystem.
BrianThree promising early-stage GameFi projects: one quietly launched with $6M funding, another offering testnet airdrops and FreeMints, and a third preparing a limited 500 FreeMint release.
KikyoThe Data Ownership Protocol, leveraging zk-SNARKs and ECDSA, introduces a user-centric data privacy model in the blockchain space, integrating seamlessly with Ethereum dApps and offering enticing incentives through its testnet and referral program.
BrianChina faces a rising tide of corruption facilitated by the surge in cryptocurrency and electronic gift cards, challenging traditional anticorruption efforts. Experts urge a dual strategy involving legal reforms to address new corruption forms and enhanced technological capabilities for effective governance.
JoyThe global count of Bitcoin ATMs has decreased by 11.1% from the start of 2023 to 2024, marking a significant departure from its previous growth trend.
AlexOKX Wallet integrates with Amulet DeFi and KelpDAO, enhancing user experience and ETH staking.
KikyoVintage Mickey Mouse NFTs surge in popularity as they enter public domain, topping OpenSea's charts.
BrianDWF Labs invests in WAGMI, spiking its market value by 54%.
AlexThe Orbit Bridge exploit presents a significant challenge for Klaytn, prompting immediate action and highlighting the need for enhanced security measures in blockchain ecosystems.
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