by COINS NEWS - 7 months ago
Creditors of the collapsed cryptocurrency exchange FTX are poised to receive up to $16.5bn (Β£12.6bn) under a bankruptcy plan approved in the US on Monday. The deal will allow former customers to recover a sum worth about 119% of what they had i...
Cryptocoins News / Finance Magnates - 7 months ago
The US
bankruptcy judge Jon Dorsey has approved the reorganization plan for FTX,
paving the way for the defunct cryptocurrency exchange to repay billions of
dollars to its creditors. The decision marks a significant update in the
company's efforts to...
Cryptocoins News / CoinJournal - 7 months ago
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 approv...
More / Bitcoin Reddit - 7 months ago
How would it affect the market? submitted by /u/Miladran [link] [comments]
Bitcoin News / Bitcoinist - 8 months ago
Billionaire and crypto advocate Mark Cuban criticized the US Securities and Exchange Commission (SEC) Chairman for his crackdown on the industry, arguing that FTX and Three Arrows Capital (3AC) would still be in business if it werenβt for the US regu...
by COINS NEWS - 8 months ago
My KYC was approved at the start of the bankruptcy case, but suddenly in mid-September, they put it "on hold," requesting more documents to match the funds in my account. I provided CSV files from the exchange where the money was earned and...
Bitcoin News / Bitcoinist - 8 months ago
Caroline Ellison, the former CEO of Alameda Research and key witness in the prosecution of her ex-partner Sam Bankman-Fried (SBF), was sentenced to two years in prison on Tuesday for her part in the FTX fraud.Β
The sentencing took place on Tuesday in...
Bitcoin News / Bitcoinist - 8 months ago
According to a report by Fortune, Sean “Diddy” Combs and the former CEO of the collapsed FTX crypto exchange, Sam Bankman-Fried, two once prominent figures in their respective fields, now share a dormitory at the Metropolitan Detention Ce...
Cryptocoins News / CoinJournal - 8 months ago
Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison.
Ellison will also forfeit $11 billion
Caroline Ellison, the former chief executive officer of Alameda Research, has been handed a 24-month prison sentence....