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CryptoCurrency

Bankrupt FTX Plans to Pay Nearly All Customers 118% of Their Claims

  • The creditors with claims of $50,000 or less will be eligible to receive 118 percent of their claims.
  • It will also pay non-governmental creditors an interest of 9 percent on their full claims.
Wednesday, 08/05/2024 | 05:50 GMT by Arnab Shome
CryptoCurrency

Another Extension: CySEC Suspends FTX EU’s License until September

  • The license was originally suspended in November 2022.
  • CySEC's license allowed the now-collapsed crypto exchange to offer crypto derivatives.
Tuesday, 16/04/2024 | 08:48 GMT by Arnab Shome
CryptoCurrency

Senators Grill CFTC Boss on Sketchy Links to FTX’s Fallen Star Sam Bankman-Fried

  • Warren and Grassley demand the records of CFTC's Chairman's with the CEO of the fallen crypto exchange.
  • They seek details on the regulator's pre-FTX collapse interactions.
Tuesday, 16/04/2024 | 07:28 GMT by Damian Chmiel
CryptoCurrency

Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

  • He was sentenced to 25 years imprisonment.
  • The appeal was filed hours before the deadline.
Friday, 12/04/2024 | 05:36 GMT by Arnab Shome
CryptoCurrency

FTX Founder's Lawyer Seeks Leniency for Sam Bankman-Fried

  • The lawyer proposed a sentence of up to six and a half years, far less than the 110-year maximum.
  • The sentencing is ongoing, awaiting the recommendation from the US Attorney's office in Manhattan by March 15.
Wednesday, 28/02/2024 | 09:25 GMT by Tareq Sikder
CryptoCurrency

Tyr Capital Faces Client Dispute over Exposure to FTX's Bankruptcy

  • The $22 million claim from a client confronts the firm as it pursues asset recovery.
  • The entity withdrew assets from FTX on the day of its bankruptcy filing.
Tuesday, 20/02/2024 | 09:40 GMT by Tareq Sikder
CryptoCurrency

FTX Hack Was Not an Inside Job: US Prosecutors Charge 3 for SIM-Swap Fraud

  • The three individuals impersonated an FTX employee to siphon $400 million.
  • The attack came hours after FTX and its affiliates filed for bankruptcy.
Friday, 02/02/2024 | 05:30 GMT by Arnab Shome
CryptoCurrency

Bankrupt FTX Plans to Repay Creditors in Full: Squashes Restart Ploy

  • The creditors will be repaid based on the value of digital assets at the time of bankruptcy.
  • The administrators failed to convince investors or buyers to restart the exchange.
Thursday, 01/02/2024 | 06:13 GMT by Arnab Shome
CryptoCurrency

Bankrupt FTX Strengthens Cash Holdings to $4.4 Billion by Selling Crypto

  • The collapsed exchange sold $1.8 billion worth of crypto assets in December.
  • The management has yet to finalize the repayment plan to customers and creditors.
Monday, 29/01/2024 | 10:48 GMT by Arnab Shome
CryptoCurrency

FTX's Claim Prices Surge Ahead of Crucial Court Hearing

  • The crypto exchange is advocating for a refund process based on market prices.
  • More than 100 objection letters have been filed against FTX’s motion on claims.
Tuesday, 23/01/2024 | 15:21 GMT by Jared Kirui
CryptoCurrency

FTX's Bankruptcy Crisis Deepens: Appeals Court Orders Appointment of Independent Examiner

  • The company's current CEO and the committee of unsecured creditors have opposed this step.
  • The court maintains that the appointment of an examiner is mandatory under the US Bankruptcy Code.
Friday, 19/01/2024 | 19:21 GMT by Jared Kirui
CryptoCurrency

“We Are So Close, Yet So Far”: Industry Leaders Unveil Insights on Crypto Regulation

  • The FMLS panelists of “Crypto Regulation after FTX” agreed that success relies on collaboration.
  • The talk stressed faster rule updates through industry-regulator dialogue.
Thursday, 28/12/2023 | 08:57 GMT by Tareq Sikder
CryptoCurrency

FTX's Former CEO Sam Bankman-Fried Denied Request for Prolonged Sentencing Process

  • This denial happens amid the possibility of a second trial against Bankman-Fried.
  • SBF's defense team has requested an extension of four to six weeks for his sentencing.
Wednesday, 20/12/2023 | 20:00 GMT by Jared Kirui
CryptoCurrency

FTX Reaches Agreement with Bahamian Liquidators, Settling Prolonged Dispute

  • This agreement is meant to speed up the repayment of investors' funds.
  • FTX and FTX Digital Markets have agreed to consolidate their assets.
Tuesday, 19/12/2023 | 17:31 GMT by Jared Kirui
CryptoCurrency

FTX Files Plan to Return Billions of Dollars to Creditors

  • The creditors will vote on the plan next year.
  • It is unclear how the bankrupt exchange will return the proceeds.
Monday, 18/12/2023 | 07:37 GMT by Arnab Shome
CryptoCurrency

FTX’s Next Phase: To Present Updated Reorganization Plan by Mid-December

  • The plan includes a potential acquisition by Perella Weinberg.
  • FTX's recovery plan includes the proposed issuance of recovery rights tokens.
Thursday, 07/12/2023 | 14:19 GMT by Jared Kirui
CryptoCurrency

FTX Given Green Light to Sell $873M in Assets Managed by Grayscale, Bitwise

  • The exchange's debtors had requested the liquidation of six crypto trusts.
  • Also earmarked for disposal is a stake valued at $66 million held at Bitwise.
Thursday, 30/11/2023 | 14:59 GMT by Jared Kirui
Regulation

From FTX to ECB: The Evolving Saga of Crypto

  • Lessons from failures shaping future regulations.
Wednesday, 29/11/2023 | 14:36 GMT by Pedro Ferreira
CryptoCurrency

Cryptocalypse Now: The Ripple Effect of Crypto Crackdown and the Dark Alleys Innovation

  • The crypto crackdown chronicles.
Thursday, 23/11/2023 | 12:41 GMT by Pedro Ferreira
CryptoCurrency

FTX and BlockFi Granted Court Approval to Resume Claims Settlement

  • BlockFi's CEO, Zac Prince, recently testified against Sam Bankman-Fried.
  • Prince mentioned that BlockFi was affected by the collapse of FTX.
Tuesday, 14/11/2023 | 16:16 GMT by Jared Kirui
CryptoCurrency

FTX Bankruptcy Saga: Lawsuit Targets Bybit's Investment Arm

  • Bybit's Mirana Corp received $837 million before FTX's Chapter 11 bankruptcy.
  • The firm is persisting in withholding funds from FTX, prolonging the legal dispute.
Monday, 13/11/2023 | 10:35 GMT by Tareq Sikder
CryptoCurrency

FTX's Second Chance: Silicon Valley's Proof Group Eyes Relaunch Plans

  • Proof Group is part of the Fahrenheit consortium, which won the bid to acquire Celsius’ assets.
  • FTX is considering various bids for its revival.
Monday, 06/11/2023 | 21:23 GMT by Jared Kirui
CryptoCurrency

FTX Seeks Court Approval for Sale of $744 Million Trust Assets

  • Prior to this development, the court had approved for the liquidation of $3.4 billion in assets.
  • The proposed sale process includes the involvement of an investment adviser and a pricing committee.
Monday, 06/11/2023 | 10:28 GMT by Tareq Sikder
CryptoCurrency

SBF's Verdict Marks the End of a Crypto Era

  • FTX's Founder, Sam Bankman-Fried, was found guilty of seven charges and will be sentenced in March.
  • The industry is now shifting into greater maturity.
Friday, 03/11/2023 | 16:08 GMT by Sam White
Trending

The Spectacular Collapse of FTX and the Fall of Sam Bankman-Fried

  • Sam Bankman-Fried has been convicted of counts of serious financial fraud.
  • The crypto mogul owned a crypto trading firm and an exchange, the trouble started there.
  • Transfers between the two and preferential treatment led to downfall.
Friday, 03/11/2023 | 12:18 GMT by Louis Parks
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