2023-8-8 23:30 |
A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan.
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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 investments.
2024-5-9 05:00 | |
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FTX files an updated plan for creditor reimbursement. Customers could see full recovery under the new plan. The post Over $16 Billion on the Line: FTX’s Plan to Repay Creditors appeared first on BeInCrypto.
2024-5-8 06:57 | |
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Kraken co-founder Jesse Powell doubts FTX 2.0's potential to bounce back from bankruptcy
2023-8-2 18:52 | |
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The fallen cryptocurrency exchange FTX and its Unsecured Creditors Committee (UCC) announced its plan to reorganize and launch a new project called FTX 2.0. On May 23, the exchange revealed its initial plan to relaunch the project with its new…
2023-8-1 15:40 | |
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Bankrupt crypto exchange FTX has submitted a proposal that may result in the relaunch of its international arm FTX. com. On August 1, the company’s bankruptcy administrators confirmed rumors of a relaunch by filing a draft plan of reorganization in which it proposes the kick-off of a “rebooted” offshore exchange exclusive to non-US users only.
2023-8-1 15:08 | |
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In a recent development, the bankrupt FTX crypto exchange has announced a draft creditor-repayment plan as part of its ongoing bankruptcy restructuring procedure. The freshly revamped exchange intends on clearing out its digital token FTT while settling customer claims in cash.
2023-8-1 15:00 | |
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Bankrupt FTX has submitted a proposal to restart its international exchange if it can get the offshore customers to agree, according to a July 31 court filing. FTX restart plan According to the filing, FTX classified its creditors into different categories, including one that called its international users the “dotcom customers.
2023-8-1 13:10 | |
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Proposed re-organization plan provides a pathway for a specific class of debtors to pool assets to create a new, offshore exchange.
2023-8-1 06:39 | |
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According to court documents, Gabriel Bankman-Fried wrote a memo to the FTX Foundation with a plan to build a bunker to survive “some event where 50%-99.99% of people die."
2023-7-22 21:49 | |
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The Treasury says it has learned lessons from FTX's collapse, and that gambling law doesn’t deal with crypto risks.
2023-7-20 13:43 | |
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FTX disputes BlockFi's recharacterization and argues the claims must undergo nuanced due process instead. The post FTX Opposes Downgrading of Claims in BlockFi Bankruptcy Plan appeared first on BeInCrypto.
2023-7-6 16:35 | |
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A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is currently in bankruptcy proceedings.
2023-6-6 01:41 | |
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FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On May 9, Genesis began to seek a 100-day extension for its Chapter 11 recovery plan.
2023-6-3 17:16 | |
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Bankrupt FTX’s native token FTT surged more than 10% after court filings showed CEO John J. Ray III has considered a restart plan for the failed exchange. FTX restart According to a May 22 court filing, Ray’s billing report for April highlighted several activities he performed toward a possible restart of the platform.
2023-5-23 17:49 | |
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The new FTX CEO has undertaken a series of meetings over the past month to work on relaunching the failed crypto exchange by entering into a bidding process.
2023-5-23 12:09 | |
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The third try is a charm for the crypto brokerage, whose assets were almost bought by FTX and Binance.US. Now it’s just handing what it has over to its creditors.
2023-5-18 00:19 | |
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A recent FTX clawback demand has placed additional pressure on Genesis bankruptcy lawyers as other companies await a compensation plan . The post Genesis Lawyers to Answer $3.9 Billion FTX Clawback Amid DCG Default appeared first on BeInCrypto.
2023-5-8 15:30 | |
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Bankrupt crypto exchange FTX said it postponed the potential sale process of its Japanese subsidiary to explore its reopening. The bankrupt firm’s management noted that while many investors had signified interest in acquiring FTX Japan, it halted the sales plan to maximize its value to continue operating efficiently and profitably.
2023-4-27 18:39 | |
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The Ontario Teachers’ Pension Plan decided to steer clear of crypto investments after losing $95 million in FTX. The lost funds represent just 0.05% of the fund’s portfolio, but was stillThe post Canadian pension fund to avoid crypto after $95M FTX loss appeared first on AMBCrypto.
2023-4-22 14:30 | |
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The Ontario Teachers’ Pension Plan decided to steer clear of crypto investments after losing $95 million in FTX. The lost funds represent just 0.05% of the fund’s portfolio, but was stillThe post Canadian pension fund to avoid crypto after the $95 million FTX loss appeared first on AMBCrypto.
2023-4-22 14:30 | |
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The $190 billion Canadian pension fund is "still working through what exactly happened there," according to its CEO.
2023-4-21 14:51 | |
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Tribe Capital could provide financial support for FTX’s reopening plans, Bloomberg reported April 18. That report says that Tribe co-founder Arjun Sethi met with FTX’s unsecured creditor committee in January to discuss a possible reopening plan.
2023-4-19 01:08 | |
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The collapsed exchange's creditors are working with the company "to evaluate all options to reboot or sell the FTX exchanges."
2023-4-19 20:20 | |
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The infamous bankrupt crypto exchange - FTX - has recovered assets worth $7.3 billion, according to a report by Reuters. The updated number showed an addition of over $800 million in liquid assets to The post FTT skyrockets by over 60% as relaunching plan discussed in latest hearing appeared first on AMBCrypto.
2023-4-12 22:30 | |
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DebtDAO, a decentralized autonomous organization focused on debt management, announced its plan to burn 18 million FTX user debt tokens. The decision to burn the tokens results from a demand frenzy for the debt tokens causing a shortage in the…
2023-2-7 16:59 | |
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Australian cryptocurrency exchange Digital Surge has been bailed out after creditors approved a long-term recovery plan.
2023-1-26 11:44 | |
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Judge John Dorsey has allowed the sale of four necessary units of failed crypto exchange FTX, as stated in a petition in the Delaware Bankruptcy Court. LedgerX, a derivatives trading platform, and Embed, a stock trading platform with regional branches, are among the assets.
2023-1-14 19:17 | |
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The plan to purchase bankrupt crypto lender Voyager’s assets has been opposed by FTX trading arm Alameda research, federal regulators and a number of U.S. states
2023-1-9 13:12 | |
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FTX’s clients have filed a limited objection to the organization’s liquidation procedures for the four subsidiaries. They seek the rights of customers to have up-to-date information regarding the process.
2023-1-6 15:01 | |
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The United States Department of Justice is now stepping in to take control of matters in the ongoing brouhaha involving the now-defunct crypto exchange FTX and other parties. The DOJ is now working on a plan to seize Robinhood Markets shares related with Sam Bankman-Fried, who was the founder and former chief executive officer of […]
2023-1-6 17:42 | |
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The plan would make FTX Japan customers some of the first of the collapsed crypto exchange to get their money back.
2022-12-31 17:58 | |
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Ориентированная на стейблкоины некастодиальная биржа Mercurial сменила название на Meteora в попытке дистанцироваться от потерпевшей крах биржи FTX. 1/ Announcing The Meteora Plan: Our comprehensive technology and token plan with the singular goal of building a long-term, sustainable, and composable yield layer for Solana.
2022-12-29 17:02 | |
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One by one, U.S. political groups are announcing they will return the millions Sam Bankman-Fried donated to them. Sending Back the Money The U.S. political system is still dealing with...
2022-12-21 00:39 | |
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The crypto trading firm reportedly suffered a $20 million dollar exposure in the FTX collapse.
2022-12-20 21:12 | |
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FTT raced to double-digits uptick after SBF endorsed trader’s recovery plan opinion On-chain profit and loss remained in the same region FTX Token [FTT] recorded a 30.39% increase in less The post FTT traders stand in a high-risk zone amid SBF's plans to relaunch token appeared first on AMBCrypto.
2022-12-11 00:30 | |
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Genesis, a US-based crypto lending platform, informed its customers that withdrawals might be halted for weeks while it develops a plan to avoid potential bankruptcy.
2022-12-8 12:34 | |
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The plan will see Mercurial launch its popular products as a separate project under the name Meteora.
2022-12-7 13:39 | |
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FTX has approved its Japanese subsidiary's plan to restart withdrawals for customers.
2022-12-3 15:12 | |
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Rostin Behnam had previously said the plans to streamline financial market structure were a potentially unique disruptive innovation.
2022-11-28 17:08 | |
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The Ontario Teachers’ Pension Plan (OTTP), one of Canada’s largest pension funds, announced on Thursday plans to write off its entire $95 million investment in the bankrupt FTX cryptocurrency exchange.
2022-11-23 20:19 | |
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The Ontario Teachers' Pension Plan has written down its 95 million FTX Investment after the exchange collapsed amid a liquidity crisis. The post Ontario Teachers’ Pension Plan Writes Down $95M FTX Investment appeared first on BeInCrypto.
2022-11-19 22:00 | |
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Algo crypto trading platform, Upbots, detailed its recovery plan established due to its exposure to the fallout of FTX, and Alameda Research. The post Upbots issues recovery plan in light of FTX, Alameda exposure appeared first on CryptoSlate.
2022-11-18 00:41 | |
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This incident will set us back a bit, but then the industry will become healthier, Binance CEO Changpeng CZ Zhao said in a CNBC interview today. Binance Weighs Rescue Plan...
2022-11-17 17:00 | |
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The deal fell apart just about two months after it was announced.
2022-11-16 23:54 | |
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Journalist and insider Colin Wu shares details of Hong Kong-based unit of Huobi's plan to cover client losses
2022-11-15 18:43 | |
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Company previously submitted plan for approval that would allow customers to assess and respond to derivatives risks in real time.
2022-11-12 22:42 | |
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The world's largest asset manager, BlackRock, and the Ontario Teachers' Pension Plan are among those who have suffered from the fall of FTX. The post Largest Asset Manager and a Pension Fund Among Those Affected by FTX Meltdown appeared first on BeInCrypto.
2022-11-10 09:39 | |
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Matthew Pines lays out China’s plan for world domination while reflecting on Bitcoin and the mistakes FTX made when building their inferior system.
2022-11-11 07:00 | |
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A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid.
2022-10-21 12:22 | |
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The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.