FTX to distribute $1.6B to creditors on September 30

Bankrupt exchange FTX will pay $1.6B to creditors Sept. 30, advancing recovery efforts tied to its 2022 collapse. The post FTX to distribute $1.6B to creditors on September 30 appeared first on Crypto Briefing.

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FTX claims: Creditors in Russia, China, Ukraine among those temporarily unable to participate

FTX creditors in several countries, China, Russia and Ukraine included, unable to participate in claims. The FTX bankruptcy estate is however said to be evaluating options. The FTX estate has begun its creditor repayments that could see more than $16 billion go to eligible creditors across the globe.

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'Creditors of FTX' to receive 100% - 118% payout: Crypto exchange CEO

FTX plans to pay over 100% of claims to some creditors.  FTX expects collection of $14.5 — $16.3 billion for distribution. Bankrupt crypto exchange FTX plans to pay creditors’ claims fuThe post 'Creditors of FTX' to receive 100% - 118% payout: Crypto exchange CEO appeared first on AMBCrypto.

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FTX seeks $175M settlement with Genesis entities to resolve dispute

However, FTX creditors expressed discontent and urged the Official Committee of Unsecured Creditors of FTX to contest the agreement.

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Voyager creditors subpoena more executives from FTX and Alameda

Voyager creditors have summoned top executives from FTX and Alameda Research to a deposition on 23 February. A decline in buying pressure for VGX will result in a further price decline. In aThe post Voyager creditors subpoena more executives from FTX and Alameda appeared first on AMBCrypto.

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Voyager Creditors Subpoena Sam Bankman-Fried, Other Former FTX, Alameda Executives

Voyager’s Creditors also subpoenaed Samuel Trabucco, Nishad Singh, Gary Wang, and Caroline Ellison

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Voyager Creditors Subpoena SBF and Other FTX Executives

Voyager creditors have subpoenaed former FTX CEO Sam Bankman-Fried (SBF) and other top executives of the bankrupt crypto exchange. The post Voyager Creditors Subpoena SBF and Other FTX Executives appeared first on BeInCrypto.

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Voyager вызывает в суд Сэма Бэнкман-Фрида и главу Alameda

Представители биржи FTX и ее дочернего подразделения Alameda Research получили повестки в суд. Инициатором таких действий стал официальный комитет незащищенных кредиторов &#40;Official Committee of Unsecured Creditors&#41; компании Voyager, которая ранее подала на банкротство.<br />

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Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply

Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers.

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FTX warns against Justin Sun-backed FUD tokens

Bankrupt crypto exchange FTX has warned its creditors against patronizing unauthorized debt tokens, including the Justin Sun-backed FTX User Debt Token (FUD). The post FTX warns against Justin Sun-backed FUD tokens appeared first on CryptoSlate.

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Give it Back! FTX Debtors Demand Return of $93 Million Donations From US Politicians

As part of attempts to recover settlement funds for many aggrieved creditors, FTX is reaching out to US politicians who may have financially benefitted from Sam Bankman-Fried’s generosity to return the money.

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Justin Sun backs FTX Debt token ‘FUD’ in possible securities law breach

Justin Sun, the founder of exchange Huobi, has put his name behind Debt DAO, a project claiming to be issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors. The post Justin Sun backs FTX Debt token ‘FUD’ in possible securities law breach appeared first on CryptoSlate.

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Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Members of Crypto Twitter are speculating whether Bankman-Fried and FTX will source the reported $530 million invested in Anthropic to pay off FTX creditors.

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Australian financial watchdog had FTX under surveillance before its collapse

Australian regulators were allegedly on the lookout for FTX’s troubles six months before the crippled firm filed for bankruptcy protection from creditors. According to a publication issued by Guardian Australia, FTX was under surveillance by financial regulators in Australia six…

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FTX creditors list, BlockFi $1.2B exposure and new Celsius token: Hodler’s Digest, Jan. 22-28

FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban.

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Goldman Sachs denies being FTX creditor

Goldman Sachs recently claimed not to be part of the FTX creditors listed on the 115-page court document presented by FTX lawyers on Jan. 25.

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CryptoSlate Wrapped Daily: FTX reveals creditors; U.S. man spends BTC on hitmen

The biggest news in the cryptoverse for January 26 saw defunct crypto exchange FTX reveal its full list of creditors. The post CryptoSlate Wrapped Daily: FTX reveals creditors; U.S. man spends BTC on hitmen appeared first on CryptoSlate.

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Coinbase gets hit with a sanction in the Netherlands, details inside

Coinbase was sanctioned over $3 million for failing to register with Dutch authorities duly. The exchange was also listed as one of the creditors of FTX in the latest court filings. FollowinThe post Coinbase gets hit with a sanction in the Netherlands, details inside appeared first on AMBCrypto.

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FTX lawyers claim independent examiner could bag $100m in vain

Lawyers representing FTX have claimed that an outsourced examiner would cost the company more than $100 million without benefiting equity holders or creditors. The Jan. 25 objection argument comes after the recent motion by US Trustee Andrew Vara, who was…

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Apple, Netflix, Meta, and Many Others Caught Up in FTX Saga

Coinspeaker Apple, Netflix, Meta, and Many Others Caught Up in FTX Saga The firm's creditors range from tech companies to hoteliers, airlines, and even government-owned entities in the US and foreign countries.

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FTX Creditor List Features Netflix, Binance, Wall Street Journal

Lawyers for the bankrupt crypto exchange have published an extensive list of creditors that include media companies, airlines, universities and charities.

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FTX Owes Money to Netflix, Binance, Wall Street Journal, Filing Shows

Lawyers for the bankrupt crypto exchange have published an extensive list of creditors that include media companies, airlines, universities and charities.

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FTX creditors list includes Amazon, Apple and other tech giants

On Jan. 25th, FTX lawyers revealed a creditor matrix listing airlines, numerous tech firms, government entities, and charities caught up in its collapse, excluding the other 9. 6 million affected customers.

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FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

FTX lawyers, joint provisional liquidators of FTX US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.

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Australian Crypto Exchange Digital Surge to Pay Back Creditors After Losing $33M on FTX

Australian cryptocurrency exchange Digital Surge has been bailed out after creditors approved a long-term recovery plan.

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Crypto Lender Genesis Is FTX's Largest Unsecured Creditor With $226M in Claims

Genesis Global Capital leads the revised list that un-redacted the names of several creditors.

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FTX exchange confirmed theft of $ 413 million worth of cryptocurrencies

In a report sent to creditors on January 17, the bankrupt FTX exchange confirmed  theft of $413 million worth of cryptocurrency from its platform. According to the company, hackers stole $323 million worth of digital assets from the FTX international platform, and the American representative office lost $90 million worth of coins.

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FTX has the green light to sell its other businesses including LedgerX

The judge in charge of overseeing the FTX bankruptcy proceedings has given FTX approval to sell some assets. The assets under consideration include LedgerX among other assets. The move will allow FTX to get money to repay its creditors.

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FTX given the green light to sell four key business units

A Delaware bankruptcy Judge, John Dorsey, has allowed FTX to sell four business units. The sale includes LedgerX and three other business units as the company seeks to reimburse its creditors. In a ruling made on Jan. 13, the judge…

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FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge

The collapsed exchange is looking to sell off its more separable and solvent assets as it seeks to repay creditors.

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FTX advisers uncover crypto worth $5b

According to a Bloomberg report, FTX advisors uncovered approximately $ 5 billion in cash or cryptocurrency assets to repay creditors.

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FTX Plans Billions of Altcoin Sell-offs, How Will Market React?

Bankrupt exchange FTX wants to sell $4.6 billion worth of altcoins to pay creditors

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FTX Creditor Names Can Remain Sealed for Now, Judge Rules

A Delaware bankruptcy judge allowed a list of creditors for FTX to remain sealed for at least another three months on Wednesday..

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BlockFi Creditors Battle to Keep Their Details Secret

The legal tussle mirrors those already held for collapsed crypto lender Celsius and the FTX exchange.

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FTX Blew $40 Million On Meals, Private Jets, And Luxury Hotels In Less Than Nine Months Before Its Collapse

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SBF Lost Billions But Won’t Let FTX Creditors Touch his Robinhood Shares in Latest Filing

Former FTX founder Sam Bankman-Fried's lawyers have filed an objection to protect their client’s Robinhood shares from FTX bankruptcy estate. The post SBF Lost Billions But Won’t Let FTX Creditors Touch his Robinhood Shares in Latest Filing appeared first on BeInCrypto.

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Companies and investors may need to return billions in funds paid by FTX

Billions of dollars paid in the months leading up to FTX’s bankruptcy may be returned to pay the crypto exchange’s creditors, according to an insolvency attorney.

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Bahamas regulator is temporarily holding $3.5B FTX assets

Bahamas Securities Commission said it is temporarily holding FTX assets worth $3. 5 billion with plans to distribute them to the bankrupt firm’s creditors and customers, according to a December 29 statement.

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FTX creditors ask for names and info to be redacted from court filings

Several former FTX customers have asked for their names removed from court filings, according to a Wall Street Journal report on December 29. The post FTX creditors ask for names and info to be redacted from court filings appeared first on CryptoSlate.

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FTX customers file class-action lawsuit to get priority reparations

Customer class members don’t want to stand in line along the creditors of a failed crypto platform.

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56 Million Robinhood Shares to Get Liquidated as FTX Creditors Battle to Claim Ownership

Sam Bankman-Fried, BlockFi, and other creditors try to claim ownership over the 56 million HOOD stock. FTX urges the court to freeze the assets. The post 56 Million Robinhood Shares to Get Liquidated as FTX Creditors Battle to Claim Ownership appeared first on BeInCrypto.

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FTX Investors’ Loss Is Wall Street Lawyers’ Gain

Professionals are charging upwards of $2,000 hourly wages against $12 million retainers as they attempt to restore funds to the million-odd creditors of Sam Bankman-Fried’s empire

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FTX Creditors Hire Law Firm Paul Hastings as Representation

Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings.

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Sam Bankman-Fried made a fool of me, too

There is no shortage of people duped by disgraced FTX founder Sam Bankman-Fried. According to bankruptcy filings, FTX has over one million creditors, a staggering number but perhaps unsurprising given that the swiped sum is north of $8 billion.

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FTX creditors seek priority payout for $1.6B locked in custody wallets

A group of FTX customers seeking priority repayment of roughly $1. 6 billion locked in their custody wallet on the bankrupt FTX exchange, the Financial Times reported. The post FTX creditors seek priority payout for $1.

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Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost

Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36. 2 million and none of the top 50 creditors are considered “insiders. ” The total sum allegedly owed to the top 50 creditors is roughly $114 million.

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Why Binance US Will Acquire Voyager’s Assets And Take Over FTX

According to a press release, Binance US will buy Voyager’s assets as part of the bankruptcy proceedings. The company will seek legal approval for the purchase to “the value returned to customers and other creditors.

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US DoJ names Genesis in FTX creditors committee

Crypto lending platform Genesis, along with popular crypto market maker Wintermute and others, will form the FTX creditors committee. Genesis and other FTX victims form the bankruptcy committee A court filing released today showed that the Justice Department had added…

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SBF pushes FTX restart idea by issuing FTT tokens to creditors

FTX former CEO Sam Bankman-Fried supports restarting the bankrupt exchange by issuing new FTT tokens to creditors and giving 100% profits to token holders. The post SBF pushes FTX restart idea by issuing FTT tokens to creditors appeared first on CryptoSlate.

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