Cryptocoins News / Finance Magnates - 3 months ago
FTX has started repaying creditors today (Tuesday),
beginning with those in the “Convenience Class.” This group includes creditors
with claims of $50,000 or less.These individuals will receive full repayment along with 9%
annual interest accrued sinc...
Cryptocoins News / CoinJournal - 3 months ago
Upcoming FTX payouts may see traders position ahead, which means the altcoin to watch in the next week could be the native FTX Token (FTT). However, the payouts and a confluence of other factors could also impact Bitcoin (BTC) price.
But is the poten...
Bitcoin News / Bitcoin.com - 3 months ago
FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Cl...
Bitcoin News / Bitcoinist - 4 months ago
After nearly three years of uncertainty, FTX, once a dominant player in the cryptocurrency exchange arena, is set to initiate the repayment process for its Bahamas-based creditors on February 18.
This long-awaited move comes in the wake of the excha...
Bitcoin News / Bitcoin.com - 4 months ago
Jailed FTX founder Sam Bankman-Fried’s (SBF) parents are reportedly seeking a pardon for their son from U.S. President Donald Trump. Trump’s Pardon Wave Sparks Frenzy—Is SBF Next in Line? The parents of jailed FTX founder Sam Bankman-Fried (SBF...
Cryptocoins News / Finance Magnates - 4 months ago
Kraken has announced a new initiative for clients receiving
funds from FTX on its platform. These clients will be eligible for fee credits,
allowing them to trade up to $50,000 in cryptocurrency without incurring
trading fees.Kraken Partners to Distr...
Cryptocoins News / Finance Magnates - 4 months ago
Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with...
Cryptocoins News / Finance Magnates - 4 months ago
The bankrupt cryptocurrency exchange FTX clarified today (Thursday) that Backpack's “purported” acquisition of its Cyprus division had not been approved by the court, nor had Backpack been authorized to distribute funds to FTX customers.Further, the...
Bitcoin News / Bitcoinist - 4 months ago
In a move to bolster its presence in the European market, Backpack Exchange, a crypto trading platform established by former employees of Sam Bankman-Fried’s FTX and Alameda Research, has acquired the European entity of the defunct FTX exchange for $...
Cryptocoins News / Finance Magnates - 4 months ago
Remember
FTX? The European branch of the once-popular cryptocurrency exchange that
became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU.Although Backpack
currently ranks only 200th in CoinMa...
Bitcoin News / Bitcoinist - 5 months ago
Rumors are swirling through the cryptocurrency community regarding the commencement of FTX’s long-awaited $16 billion repayment plan to creditors, a move that has garnered both excitement and skepticism.
As the defunct exchange, once led by th...
Bitcoin News / Bitcoinist - 5 months ago
The ongoing legal battle between collapsed crypto lending platform Celsius and bankrupt cryptocurrency exchange FTX appears to have now entered another phase.
Celsius recently filed a notice of appeal against Judge John T. Dorsey’s ruling, which R...
More / Bitcoin Reddit - 5 months ago
Major liquidity injection expected. Sounds bullish. submitted by /u/nicoznico [link] [comments]
by COINS NEWS - 5 months ago
Hi everyone. We are on Step-8 out of 9 to see the distribution amounts being sent to our wallets. To those who were not aware of the situation, in November 2022, FTX went bankcrupt, and users such as me lost out access to withdraw our balances. March...