Kraken and BitGo will help distribute the first FTX payments in 2025
More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed as early as January.This post was originally published on this site
FTX debtors recover $14M in political donations
A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions.This post was originally published on this site
Enron relaunch headed by pranksters hints at offering crypto token
Enron is back from the dead 23 years after its massive fraud put into bankruptcy, with the pranksters who have seemingly taken over the brand hinting at launching a token.This post was originally published on this site
FTX filed for bankruptcy 2 years ago — What’s happening now?
The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end.This post was originally published on this site
Alameda Research files $90M ‘aggressive’ lawsuit against Waves founder
FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.This post was originally published on this site
FTX tries to reclaim $11M from Crypto.com-controlled Alameda account
Alameda Research has filed complaints against crypto exchange KuCoin and Crypto.com to recover millions in locked funds as FTX prepares to repay users.This post was originally published on this site
FTX settles lawsuit against the Bybit exchange for $228 million
The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices.This post was originally published on this site
US Supreme Court knocks back case over $4.4B Silk Road Bitcoin
The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road.This post was originally published on this site
FTX to fully repay investors after bankruptcy plan receives judge approval
FTX to repay 98% of its users around 119% of their claim value Distributions will be made to creditors across more than 200 jurisdictions FTX collapsed in November 2022 amid allegations of fraud and customer fund mismanagement A US judge has approved FTX’s bankruptcy plan to use billions of dollars in recovered assets to repay […]
Bankruptcy judge approves FTX’s reorganization plan
Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users.This post was originally published on this site