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 miners' recent sales and market resilience precede the halving event, stirring predictions of a significant price surge, potentially elevating Bitcoin to rival traditional store-of-value assets.
WeiliangCelsius Network resolves its bankruptcy, distributing $3 billion and launching Ionic Digital, amidst operational shifts and ongoing legal challenges.
MiyukiBinance retained market leadership in 2023 amidst regulatory challenges, while Upbit, OKX, and emerging exchanges showcased significant growth and strategic prowess in the competitive crypto arena.
AlexThe outflow of $5 billion from Grayscale Bitcoin Trust (GBTC) affected global markets, but the groundbreaking $4.6 billion debut of new U.S. Bitcoin ETFs is reshaping the cryptocurrency landscape. The SEC's approval on January 10th signifies a crucial step, enabling major institutions to provide regulated Bitcoin investment options despite challenges.
JoyThe recent, unexplained removal of crypto apps like Bitget from the Apple App Store highlights a worrying trend, raising concerns about transparency and user security in the crypto space.
BrianBitfinex Securities' launch in El Salvador signifies a pioneering step, merging digital innovation with financial markets, set to reshape the global landscape and attract international investment.
WeiliangGoogle now allows ads for U.S. spot cryptocurrency ETFs, marking a significant shift in its advertising policy and reflecting growing acceptance of digital assets.
MiyukiHong Kong's PCPD investigates Worldcoin for potential privacy breaches in biometric data collection, prompting market impacts and global scrutiny of cryptocurrency's balance with data protection.
AlexA 17-year-old investor's strategic use of Jupiter's tools led to over $1 million from the $JUP airdrop, emphasising precision in transactions and daily engagement. The success story accompanies Jupiter's $700 million airdrop, sparking market excitement, with cautious optimism advised for those seeking to replicate the strategies.
JoyVTubers use digital avatars and motion capture technology to create unique, engaging content, offering a blend of creativity, anonymity, and community interaction in the digital entertainment landscape.
Brian