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Bankrupt FTX Stirs Controversy With Repayment Plan: Bitcoin Valued At $16,000 For Customers

In a recent filing on December 27, bankrupt cryptocurrency exchange FTX unveiled its repayment plan, triggering customer outrage and discontent. The plan, which values customers’ digital assets at the time of FTX’s collapse, offers a valu...

FTX debtors propose $16,871 Bitcoin price for creditor claims - Cointelegraph

FTX debtors propose $16,871 Bitcoin price for creditor claims& & Cointelegraph

FTX faces backlash after proposed estimation of customers' Bitcoin at $16k - CryptoSlate

FTX faces backlash after proposed estimation of customers' Bitcoin at $16k& & CryptoSlate

FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings

On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual who...

FTX Debtors Propose Litigation Settlement Over $220 Million Embed Acquisition

FTX debtors propose a $220M litigation settlement over their Embed acquisition, involving ex-CEO Sam Bankman-Fried, with the aim of recovering the full investment. (Read More)

Ripple Claims $11 Million In FTX Bankruptcy Case, Bolstering Legal Position

In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets. Notably, Ripple Singapore is the party making the claim a...

The Next FTX? MEXC Crypto Exchange Comes Under Fire For ‘Shady’ Activities

Seychelles-based crypto exchange MEXC has come under fire for allegedly locking users out of their accounts and seizing their funds. These actions, which the exchange claims were motivated by abnormal trading activities, have sparked concerns from th...

If FTX didnt collapse we would be up near $60k right now.

From $15,000 to $44,000 we are up 190%. 190% is a lot but the market still feels so bearish. It feels this way because the bear market was so brutal with all of the collapses like FTX, Celcius, 3AC etc. If we had bottomed at $20k instead of $15k this...

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

The legal tussle surrounding Sam Bankman-Fried (SBF), the Former CEO of FTX, intensified after a federal judge denied his defense team's plea for an extended sentencing process. This decision occurred amid a looming second trial following SBF's recen...

FTX Digital Markets Secure Global Settlement: Positive Outcome For Customers?

In a significant development, FTX Debtors and FTX Digital Markets have announced a global settlement agreement with the Joint Official Liquidators (JOLs) representing FTX Digital Markets. The settlement, subject to court approvals, addresses the com...

FTX Reaches Agreement with Bahamian Liquidators, Settling Prolonged Dispute

FTX has entered into a settlement with the liquidators of its unit in the Bahamas. This agreement involves the consolidation of assets and adopting a unified approach to valuing customers’ claims.According to a statement shared with PR Newswire, this...

Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary

FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to hand...

FTX Bankruptcy Legal Costs Hit $118.1 Million in Three Months

FTX's bankruptcy lawyers and advisers earned an average of $118.1M in fees between August and October, with Alvarez and Marshall leading the charges. (Read More)

First Mover Americas: Bitcoin Struggles to Gain Momentum; FTX Files Plan to End Bankruptcy - CoinDesk

First Mover Americas: Bitcoin Struggles to Gain Momentum; FTX Files Plan to End Bankruptcy& & CoinDesk

FTX Files Plan to Return Billions of Dollars to Creditors

The bankruptcy estate of FTX Trading Ltd, led by the CEO, John Ray III, and the lawyers of Sullivan & Cromwell, has submitted an amended reorganization plan for the distribution claims of the customers and creditors.FTX Moves to End Its Bankruptc...

FTX Restructuring Plan Leaves Creditors And Users Dumbfounded – Here’s Why

The FTX Debtors estate has filed an amended Chapter 11 to its reorganization plan today, leaving investors its creditors dumbfounded on the defunct exchange’s next steps. According to the proposed plan, under the leadership of CEO John Ray III...

If You Held Your Bitcoin and Ethereum After FTX Crash, It's Cryptomas! - Bloomberg

If You Held Your Bitcoin and Ethereum After FTX Crash, It's Cryptomas!& & Bloomberg

Ethereum Influx: Celsius And FTX Deposit Millions To Exchanges

A recent report has revealed that bankrupt cryptocurrency company, Celsius Network and FTX has transferred a sizeable amount of Ethereum (ETH) from their holdings to centralized exchanges. Whale Ethereum (ETH) Transfers From Celsius And FTX Accordin...

Bad Timing For Sam Bankman-Fried? Here’s How Much FTX Assets Would Be Worth Now

It has been over a year since the defunct crypto exchange FTX filed for bankruptcy and over a month since its founder, Sam Bankman-Fried (SBF), was convicted. However, crypto enthusiasts (including SBF possibly) cannot help but wonder how profitable...

FTX Founder’s Defense Attorney Drops Bombshell: Sam Bankman-Fried Trial Almost Impossible To Win

Stanford Law Professor David Mills, who put together FTX’s Sam Bankman-Fried (SBF) defense, recently gave his candid opinion on the case. He suggested that the outcome of the case was already obvious even before the trial began. Mills also gave an in...

IRS's $24 Billion Tax Claim Threatens Recovery for FTX Victims

The IRS's $24 billion tax bill against bankrupt FTX complicates recovery for victims, as FTX challenges the claim, claiming lack of basis and threats to compensation funds. (Read More)

FTX Creditors’ Compensation In Jeopardy Following This New Development

FTX has challenged the IRS on its $24 billion tax bill claims, arguing that the agency’s “unexplained” tax debt would heavily affect its customer fund recovery efforts, potentially diverting funds away from FTX victims. FTX Lawyers Alarm Over IRS Im...

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