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.
Capital A Bhd, the parent company of AirAsia, led by CEO Tony Fernandes, is in the process of securing over $1 billion in financing through a combination of debt and equity. This strategic move is aimed at reshaping the company's future and expanding its financial horizons.
Mastercard and MoonPay are looking at ways to make online payments even smoother. They teamed up to pioneer Web3 technologies in experiential marketing & consumer engagement.
Aside from Mark Lamb, the case also names Roger Ver as a defendant.
Traditional UK banks have recently tightened their stance on cryptocurrency-related activities, resulting in numerous account closures and stricter policies. This shift in the financial landscape has prompted around 38% of crypto investors in the UK to switch banks.
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While the crypto market is basking in its most fruitful week in over a year, the SocialFi app seems to be encountering headwinds.
In November 2022, Input Output Global (IOG) announced a new project known as Midnight. Midnight is a sidechain solution for Cardano, designed to address various limitations and open up new possibilities for users and developers
More than 200 companies have received alerts for violating the new advertising rules since their inception on October 8.
The groundbreaking collaboration between Christian Louboutin and Marvel, offering exclusive NFT collectibles as complimentary treasures to investors in their limited-edition fashion collection, seamlessly merging haute couture and comic book extravagance.
The demonstration focused on enabling the seamless exchange of vital trade documents across diverse platforms and blockchains.