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 XinXRP Ledger witnesses a surge in small wallets and whale activity, indicating rising interest and broader adoption, while Gemini exchange's inclusion of XRP contracts signifies growing market acceptance.
BrianCrypto market anticipates SEC's bitcoin ETF decision and U.S. Treasury's refinancing announcement, pivotal moments for investments.
AlexHuobi Korea responds to changing market dynamics by ending virtual asset trading services in South Korea on January 29, 2024. Comprehensive asset withdrawal support ensures a secure transition for customers’ Korean Won and virtual assets.
BrianShiba Inu, a once-obscure meme coin, saw a $1000 investment in 2020 skyrocket to $9 million in January 2024, yielding an unprecedented 907599.52% return. Despite an 89% decline from its peak, early backers continue to hold onto once-in-a-lifetime returns, showcasing the remarkable but unpredictable nature of the crypto market.
JoyExplore the transformative journey of dYdX as it launches the v3.0 Chain protocol upgrade, marking a significant leap in decentralized trading. Delve into the community-driven governance, technical advancements, and the far-reaching implications of this pivotal upgrade for the future of DeFi
WeiliangUncover the details of Google's 2024 policy update for Cryptocurrency Coin Trust advertisers. Learn about the mandatory certification, global impact, and compliance measures to stay ahead in digital financial advertising.
MiyukiX Social Media Platform responds to Taylor Swift deepfake scandal by temporarily blocking searches, highlighting concerns over deepfake technology and AI's rapid advancements. The struggle to combat generative AI poses challenges for social media, emphasising the need for proactive measures to address ethical dilemmas and stay ahead in regulating AI's impact.
JoyDiscover how Magic Eden is revolutionizing the NFT marketplace with its imminent multi-chain wallet launch. Dive into our comprehensive analysis of the teaser video, its implications for the cryptocurrency sphere, and how this pivotal move could redefine digital asset trading
BrianExplore the groundbreaking launch of ZKX on StarkNet, revolutionizing the DeFi landscape with its zero-knowledge proof-based decentralized derivatives trading platform. Discover the innovative features, community-focused airdrop campaign, and the promising future of secure and efficient trading in our comprehensive coverage
WeiliangDiscover the key outcomes of Ethereum's recent core developers meeting. Learn about the preparation for new software versions, testnet deployment plans, and significant protocol upgrades, including EIP-7251 and EIP-7547.
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