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
FTX bankruptcy estate auctioning Worldcoin tokens this week
According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply.This post was originally published on this site
No, FTX distribution payments do not begin on September 30
According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms. This post was originally published on this site
FTX creditors only getting '10-25% of their crypto back' — creditor
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. This post was originally published on this site
US Trustee challenges FTX reorganization plan, citing legal concerns
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.This post was originally published on this site
New York judge nods $12.7B settlement between FTX, Alameda and CFTC
United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors.This post was originally published on this site
Cash or crypto? FTX creditors to vote on how they're paid back
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.This post was originally published on this site
Cash or crypto? FTX creditors to vote on how they're paid back
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.This post was originally published on this site
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to its reputation and avoid litigation. Bankruptcy Report Contradicts Saunders’ Previous Assertions The […]
Small creditors put at risk by latest FTX bankruptcy development
The transfer of the bankruptcy claim from FTX EU to FTXcreditor could have a significant impact on stakeholders.This post was originally published on this site