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 XinBitget Wallet's comprehensive Web3 services and enhanced security features drive 300% growth in the MENA region, with Egypt and Saudi Arabia leading adoption.
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WeiliangGBTC, once dominant, faces new competition from spot Bitcoin ETFs but shows a glimmer of hope with a recent inflow of funds, as Bitcoin surpasses one billion transactions, signaling potential for growth and evolution in the crypto investment landscape.
AnaisJustin Sun's $376M deposit in Swell L2 highlights his belief in liquid staking's potential, putting this DeFi niche on the radar of major players.
AlexSui clarifies Mysten Labs' role in token allocation, emphasizing transparency to reassure stakeholders that founders don't control supply despite their significant staked holdings.
MiyukiBernstein reiterated in a report that Bitcoin is regaining momentum and will return to the $150,000 trajectory next year. The company's senior analyst Gautam Chhugani explained that the recent dip in Bitcoin to $57,000 doesn't imply a permanent decline.
AlexRussia has announced a nuclear exercise, and Bitcoin has retracted to $63,700, giving up its overnight gains. The market remains cautious about the potential repeat of intense volatility brought about by the Russia-Ukraine conflict.
MiyukiCongressman John Rose criticizes the SEC for its action against Robinhood, urging the agency to protect investors without stifling innovation.
WeiliangDecentralised AI may be an emerging player but it lacks maturity. Conversely, centralised AI dominates the current landscape, with established tech giants and organisations deploying centralised AI solutions extensively.
CatherineSouth Korea excludes cryptocurrency donations but allows stablecoins and blockchain gift certificates in charity contributions, reflecting concerns about scams. Despite high crypto adoption, regulatory contradictions aim to balance innovation with investor protection in South Korea's evolving financial landscape.
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