SBF tweeted from prison, commenting on layoffs and aligning with D.O.G.E. policies, referencing Trump’s worker firings. His post sparked a Crypto Twitter storm, with many questioning how he tweeted and mocking his attempt to stay relevant. Though unrelated to FTX, the tweet briefly boosted FTT’s value. Could this be SBF's bid for a pardon?
KikyoFTX 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 BoZKasino users continue to wait for promised refunds as accusations of an exit scam grow louder. The project's future remains uncertain, with significant legal and financial challenges ahead.
BerniceFantom Foundation secured a default judgement against Multichain Foundation, marking a crucial step in their pursuit of justice after suffering significant losses from a July 2023 exploit. With plans to petition for bankruptcy, Fantom aims to appoint a liquidator to aid in asset recovery efforts, urging affected users to actively engage in legal proceedings for potential refunds.
WeatherlyGolden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest game, DeFi, DAO, NFT and Metaverse industry news.
JinseFinanceLogan Paul offers refunds for CryptoZoo NFTs amid legal battles and project's termination.
AlexKyberSwap's $361,876 $USDC.e exploit on #AVAX exposes DeFi vulnerabilities. Community vigilance and swift mitigation by KyberSwap emphasize the need for continuous security enhancements in decentralized finance.
Cheng YuanMuesliSwap, the Cardano-based decentralized exchange, faces growing discontent among users over prolonged delays in launching the refund claim site.
AaronIn the wake of the $126 million Multichain bridge hack, wallet owners have been urged to revoke associated contracts.
BeincryptoBarely three days after SushiSwap was exploited for $3.3 million, the protocol has come up with a reimbursement plan.
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Coinlive Crypto lending firm Voyager posted an update on its “restructuring process” and how it will impact its crypto users. Last ...
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