Bitcoin News / Bitcoin.com - 1 year ago
Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per u...
Bitcoin News / Bitcoinist - 1 year ago
In a recent development, Sam Trabucco, a key figure in Sam Bankman-Fried’s inner circle, has resurfaced after his absence from the public eye following the collapse of crypto exchange FTX in late 2022.Β
According to Bloomberg, Trabucco has come...
Bitcoin News / Bitcoinist - 1 year ago
Customers of the defunct FTX crypto exchange find themselves at the center of a complex bankruptcy case with potentially promising outcomes.Β
While the process has been far from smooth, the recent surge in the crypto market has bolstered the value of...
by COINS NEWS - 1 year ago
I read somewhere that the court will soon approve the FTX customer refund scheme, and within 60 of the court's approval the FTX customers should get up to 118% precent of their investments. Does anyone know if that refund will be in the form of f...
Bitcoin News / Bitcoinist - 1 year ago
In a surprising turn of events, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan to reimburse creditors and customers in full. The plan also includes a substantial compensation offer to account for the time value of their...
Bitcoin News / Bitcoin.com - 1 year ago
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda...
Bitcoin News / Bitcoinist - 1 year ago
Bankrupt cryptocurrency exchange, FTX has unveiled a new repayment plan aimed at reimbursing creditors and customers in full and offering billions in the form of compensation for the time value of their investment.Β
FTX To Reimburse Customers In Full...
Cryptocoins News / Blockchain - 1 year ago
FTX has announced a repayment plan to repay creditors and compensate for time value of investments, but valuation concerns remain over its effectiveness. (Read More)
Cryptocoins News / Finance Magnates - 1 year ago
Bankrupt cryptocurrency exchange FTX plans to repay 98 percent of its creditors up to 118 percent of their claims in cash, an announcement yesterday (Tuesday) detailed. Only creditors with $50,000 or less in claims will be eligible to receive the cla...
Cryptocoins News / Blockchain - 1 year ago
Ryan Salame, the former co-CEO of FTX Digital Markets, has reached a plea agreement in a criminal case. As part of the agreement, Salame has agreed to transfer his $5.9 million Bahamas house to FTX Digital Markets Ltd. instead of paying $5.6 million...
Bitcoin News / Bitcoinist - 1 year ago
The implosion of cryptocurrency giant FTX continues to cast a long shadow, with the latest twist involving a Bahamas mansion and a plea deal. Ryan Salame, the former co-CEO of FTX Digital Markets, a subsidiary of the now-bankrupt exchange, has agreed...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash& & CoinDesk
Bitcoin News / Bitcoinist - 1 year ago
Asset management firm Pantera Capital has emerged as one of the successful bidders in an auction of discounted Solana (SOL) tokens conducted by the liquidators overseeing the bankruptcy of the former FTX cryptocurrency exchange.
The sale, which inclu...
Cryptocoins News / CoinJournal - 1 year ago
Pantera Capital has purchased more Solana (SOL) from the FTX bankruptcy estate.
FTX is auctioning off SOL, with more tokens to be sold to winning bidders.
Pantera Capital has acquired another stockpile of Solana (SOL) tokens at discounted prices fr...
Bitcoin News / Bitcoinist - 1 year ago
The estate of the bankrupt crypto exchange FTX is preparing for another significant disposition of assets, this time involving locked Solana (SOL) tokens. Unlike prior transactions, this batch of Solana tokens will be sold through an auction process,...