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 XinBittrex Global, navigating regulatory uncertainty, plans a full operational wind-down, commencing with trading suspension on 4 December.
Hui XinThe focus of the discussion revolved around NYSE Arca, Inc.'s proposed rule change related to listing and trading Grayscale Bitcoin Trust shares under NYSE Arca Rule 8.201-E, as per the memo released by the SEC.
DavinAbu Dhabi-based Bitcoin mining firm Phoenix Group has made headlines with a triumphant $370 million fundraising through its recent initial public offering (IPO).
AaronKuCoin broadens its asset offerings by adding Root Network (ROOT) to its trading platform, facilitating seamless ROOT token deposits, outlining a clear trading schedule, and emphasising compatibility through Ethereum's ERC20 network.
JasperSam Altman's unexpected return as OpenAI's CEO follows internal turmoil, employees opposition, marking a shift in leadership.
Hui XinPancakeSwap gains over 98% support for introducing veCAKE and voting gauges, enhancing governance, liquidity, and CAKE staker rewards. veCAKE holders, akin to shareholders, can influence CAKE farm emissions and delegate voting rights, potentially earning extra rewards. The phased launch covers BNB Chain, Ethereum, and Arbitrum, reinforcing PancakeSwap's role as a dynamic decentralised exchange.
JixuAnimoca Brands integrates Ubisoft's Champions Tactics into Mocaverse's Web3 Program, introducing "Realm Points" for Moca ID holders. Animoca's Yat Siu and Ubisoft's Nicolas Pouard express excitement about the collaboration, emphasizing support for user onboarding and reinforcing their enduring partnership in the crypto gaming space.
JixuNYDFS has revised cryptocurrency listing criteria, prioritizing investor protection with stricter standards. Entities in virtual currency activities must secure DFS approval for listing policies, including comprehensive delisting policies by January 31, 2024, reflecting NYDFS's commitment to regulating the dynamic virtual currency market.
JixuKraken, accused of operating as an unregistered national securities exchange, broker, and clearing house, vehemently disputes the claims.
JasperRichard Teng, the newly appointed CEO of Binance, brings over three decades of financial and regulatory expertise, having served at MAS and ADGM. With a history of shaping Singapore's financial landscape and working closely with top government leaders, Teng is set to lead Binance through regulatory challenges and reshape its operational strategy.
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