'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. дальше »

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Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors

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. дальше »

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FTX’s bankruptcy plan offers over 100% recovery for creditors, faces mixed reactions

The bankrupt FTX estate has unveiled a new reorganization plan that promises substantial returns to its creditors. FTX creditors with claims below $50,000 would be eligible for a 118% recovery within 60 days of its approval by the Delaware bankruptcy court. дальше »

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FTX has billions more than needed to repay bankruptcy victims

Bankrupt cryptocurrency exchange FTX has amassed billions in extra money to fully repay its 2 million customers, marking a new twist in bankruptcy proceedings. Cryptocurrency exchange FTX which went bankrupt in late 2022 has accumulated billions more than it needs… дальше »

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Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening. дальше »

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DOJ charges three Cred execs over $783 million in customer fund losses

On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, and former CCO James Alexander — took part in a scheme that caused customers to lose […] The post DOJ charges three Cred execs over $783 million in customer fund losses appeared first on CryptoSlate. дальше »

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“US government can’t go bankrupt because we can print our own money,” says Biden Administration

Jared Bernstein's remarks on US money printing spark controversy and bring Bitcoin into the spotlight as a potential inflation hedge. The post “US government can’t go bankrupt because we can print our own money,” says Biden Administration appeared first on Crypto Briefing. дальше »

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Pantera bought more Solana tokens from FTX’s bankruptcy auction

Venture capital firm Pantera Capital successfully acquired an undisclosed amount of discounted Solana tokens in a recent auction orchestrated by the bankrupt FTX exchange managers. While specific details of the auction are not fully disclosed, Pantera Capital, alongside industry stalwarts like Galaxy Digital, had previously made significant investments in SOL tokens, totaling around $1. дальше »

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Bankrupt Man Turns Crypto Whale After SOL Price Surged: BlockDAG’s 30,000x ROI Touted as Next Bull Crypto After Moon Keynote Teaser

BlockDAG is swiftly becoming the focal point in the cryptocurrency landscape, riding the wave of its groundbreaking potential for a 30,000x return on investment, especially after unveiling a teaser for a keynote video from the moon. дальше »

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FTX empties FTT treasury wallet, transferring assets worth over $250 million

The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18. Arkham Intelligence’s dashboard showed that the transferred assets from the FTT Treasury wallet include 195. дальше »

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Solana Price Surges, Turns A Bankrupt Man to a Crypto Whale: Investors Identify BlockDAG’s 30,000x ROI as Another Potential Breakout

Solana has made headlines with a staggering price surge that transformed a financially distressed entrepreneur into a crypto whale, highlighting the transformative power of strategic investments in digital currencies. дальше »

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Voyager Digital recovers over $480m from FTX and 3AC settlements

Bankrupt firm Voyager Digital has announced that it has successfully recovered $484.35 million from FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance settlements. The announcement on April 10 was part of a comprehensive status update to the United States… дальше »

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Grayscale CEO Says Bitcoin ETF Outflows Are Reaching Equilibrium: Reuters

Sonnenshein said that some of the selling connected to settlements of bankrupt crypto companies like FTX are "largely behind us." дальше »

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Solana Surging Ahead Of Ethereum In This Particular Metric

Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent reports of the estate of bankrupt cryptocurrency exchange FTX selling its $7. дальше »

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Crypto Exchange Backpack Appoints Stripe, Banking Veteran as CFO

Backpack was founded by Armani Ferrante and Trian Yver, alums of defunct trading companies Alameda Research and bankrupt crypto exchange FTX respectively. дальше »

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Celsius looks to recover $2 billion withdrawn by 2% of accounts during its collapse

Bankrupt crypto lender Celsius Network is seeking the return of over $2 billion withdrawn by major customers shortly before its bankruptcy declaration in July 2022, according to a release shared with CryptoSlate. дальше »

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3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going 'Bankrupt'

Kyle Davies, the co-founder of the now-defunct Three Arrows Capital, has stated that he is not sorry for the company going bankrupt. дальше »

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Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product

The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday. дальше »

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Crypto Fraudster Sam Bankman-Fried Should Be Locked Up For Upto 50 Years, Prosecutors Say

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Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors

The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen. дальше »

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Pantera Capital Plans $250M Solana (SOL) Buy, Analyst Predicts Record Rally Toward $1000

Pantera Capital, a prominent crypto-focused asset manager with assets totaling $5. 2 billion, has launched a fundraising campaign to purchase discounted Solana (SOL) tokens from the bankrupt estate of crypto exchange FTX. дальше »

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BlockFi Resolves Dispute With FTX And Alameda Research For Nearly $1 Billion

In a significant development, crypto lender BlockFi has reached an “in principle” agreement with the estates of bankrupt FTX and its trading arm Alameda Research to settle nearly $1 billion in claims. дальше »

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Pantera eyes $250 million of Solana holdings from bankrupt FTX at markdown

Pantera Capital, a leading cryptocurrency investment firm with $5. 2 billion under management, is actively seeking to acquire $250 million of Solana (SOL) tokens from the holdings of the bankrupt FTX. дальше »

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Pantera eyes $250 million in discounted Solana tokens from FTX estate

Crypto-focused asset manager Pantera Capital is raising funds to buy discounted Solana tokens from the bankrupt FTX exchange, Bloomberg reported on Mar. 7. According to the report, the company initiated the Pantera Solana Fund to acquire up to $250 million of SOL tokens from the distressed FTX estate. дальше »

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BlockFi hails ‘excellent outcome’ in $875 million settlement with FTX

Bankrupt crypto firms FTX and BlockFi have reached an in-principle agreement to settle all litigation and disputes for nearly $900 million, according to a Mar. 6 court filing. Under the terms, BlockFi will receive $185. дальше »

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FTX, Alameda reach settlement with crypto lender BlockFi, will pay up to $874m

FTX and Alameda have settled their disputes with BlockFi, agreeing to pay the firm up to $874 million, subject to court approval. Bankrupt crypto companies FTX and BlockFi have reportedly settled their disputes arising from their collapses in 2022 after… дальше »

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Terraform Labs Accuses SEC Of ‘Government Overreach’ In Legal Defense Dispute

In a recent court filing, bankrupt cryptocurrency firm Terraform Labs has strongly criticized the US Securities and Exchange Commission (SEC) for its objection to a $166 million retainer paid to law firm Dentons. дальше »

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Montenegro blocks Do Kwon extradition again following successful appeal

Terraform Labs co-founder Do Kwon’s extradition to the US was annulled by the Appellate Court of Montenegro, according to a Mar. 5 notice on the Court’s website. This development occurs amid bankrupt Terraform Labs’ recent legal wrangle with the US SEC. дальше »

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Gemini strikes deal to return all assets ‘in kind’ to Earn users instead of historic dollar equivalent

Crypto exchange Gemini said Earn users would receive “100% of their digital assets back in kind” following an in-principle agreement with bankrupt Genesis and other creditors of the failed lender, according to a Feb. дальше »

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DCG files objection to Genesis, NYAG settlement

Digital Currency Group (DCG) has filed an objection to a recent settlement agreement between its bankrupt subsidiary, Genesis, and the New York Attorney General’s Office (NYAG). The objection, submitted on Feb. дальше »

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DCG files objection in bankruptcy court, calls out Genesis’ settlement subversive

Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis. DCG filed a new application following an agreement with the prosecutor and Genesis, a bankrupt crypto lender that was one of DCG’s companies. Company executives… дальше »

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LINK prices slide - Who pressed the sell button?

A bankrupt lending platform sold $46.5 million LINK tokens. The CLLD spiked in the negative direction, indicating a possible rebound. Chainlink's [LINK] price dropped by 3.86% in the last 24The post LINK prices slide - Who pressed the sell button? appeared first on AMBCrypto. дальше »

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Bankrupt crypto exchange AAX allegedly started laundering 24,000 ETH

Analysts at Cyvers Alerts say an unknown entity moved over $55 million worth of Ethereum from wallets, associated with bankrupt crypto exchange AAX. In an X thread on Feb. 20, blockchain analysts at Cyvers Alerts published an investigation revealing anomaly… дальше »

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Gaunt photos of FTX founder Sam Bankman-Fried in prison emerge online

The first photos of Sam Bankman-Fried, the convicted founder of the bankrupt FTX exchange, at New York’s Metropolitan Detention Centre, have emerged online from crypto influencer Tiffany Fong. дальше »

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Safemoon CEO On The Brink Of Losing Legal Representation Due To Lack of Funds

John Karony, CEO of the bankrupt crypto firm SafeMoon, has experienced a setback in his legal defense following his attorneys’ decision to withdraw from the case. Karony is currently facing criminal charges for conspiracy to commit wire fraud, money laundering, and securities fraud in the US. дальше »

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FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse

The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList. дальше »

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FTX to divest Digital Custody to CoinList at major loss

Bankrupt crypto exchange FTX has filed legal papers proposing the sale of its subsidiary, Digital Custody, to CoinList for $500,000. дальше »

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Celsius sends ETH worth $125 mln to exchanges - Why?

Celsius has begun transferring its ETH holdings to exchanges. CEL’s future Open Interest has continued to plunge. Bankrupt cryptocurrency lender Celsius Network [CEL] has transferred over The post Celsius sends ETH worth $125 mln to exchanges - Why? appeared first on AMBCrypto. дальше »

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How Actions by Celsius, FTX, Alameda Research, and Rising Token Unlocks May Trigger Crypto Sell-Off

Crypto market may face turbulence as bankrupt Celsius, FTX, and Alameda Research transfer millions to exchanges. Likewise, token unlocks add to the potential market impact. The post How Actions by Celsius, FTX, Alameda Research, and Rising Token Unlocks May Trigger Crypto Sell-Off appeared first on BeInCrypto. дальше »

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Ethereum: How Celsius' latest move might impact your ETH holdings

Celsius has decided to unstake its ETH holdings to repay its creditors. The last week has seen a decline in demand for ETH. In a series of posts on X, bankrupt cryptocurrency lender Celsius The post Ethereum: How Celsius' latest move might impact your ETH holdings appeared first on AMBCrypto. дальше »

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TRON, Avalanche and InQubeta December price prediction with FTX set to sell $873M assets

Bankrupt crypto exchange FTX has received the green light to sell $873 million worth of assets to repay creditors. It is to be recalled that in June, FTX debtors estimated misappropriated customer assets to be worth $8. дальше »

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Celsius initiates withdrawals for eligible custody users amid app glitches and login woes

Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A Nov. дальше »

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FTX seeks court approval to slash US IRS’s $24B claim to zero

The bankrupt FTX estate wants to set the United States Internal Revenue Service (IRS) $24 billion claims against it to $0.00, according to a Nov. 29 court filing. Earlier in the year, the federal agency had slapped a tax bill worth around $44 billion on FTX and Alameda groups of companies, prioritizing its claims over […] The post FTX seeks court approval to slash US IRS’s $24B claim to zero appeared first on CryptoSlate. дальше »

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FTX approved to sell assets worth $873m for creditor repayment

Bankrupt cryptocurrency exchange FTX has been given the green light to sell around 32 million shares held in various digital asset trusts as part of its efforts to recover funds. According to a Nov. 29 filing in a Delaware bankruptcy… дальше »

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Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are currently available for withdrawal, while other cryptocurrencies such as Bitcoin (BTC) remain inaccessible. дальше »

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Genesis Launches New Lawsuit Against Gemini For ‘Unfair’ $700M Transfers Before Bankruptcy

In a dramatic turn of events, bankrupt crypto lender Genesis has initiated a new legal battle against its long-standing rival, Gemini. The lawsuit claims that Gemini received “unfair preferential transfers” of approximately $700 million shortly before the company declared bankruptcy. дальше »

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Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals

Bankrupt crypto lender Genesis has filed legal actions to retrieve $689. 3 million from cryptocurrency exchange Gemini. In a Nov. 21 court filing, the bankrupt lender alleged that Gemini contributed to the “run on the bank” it suffered by making these preferential transfers during a 90-day period that preceded its bankruptcy filing. дальше »

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Bankrupt Mt. Gox repayment plan seemingly set in motion nearly a decade after hack

The trustee of bankrupt Mt. Gox will begin repaying the firm’s creditors in cash shortly, according to an email reportedly sent to some claimants this week and obtained by CryptoSlate. The email reads, “The Rehabilitation Trustee plans to commence repayment to creditors shortly. дальше »

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Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’

Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.” дальше »

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Celsius Network’s Shift Towards Bitcoin Mining Plan

Bankrupt crypto lender Celsius Network has revealed that the company planning on switching to a Bitcoin mining-only company, following its bankruptcy court’s confirmation of the plan. Celsius Transition To Mining NewCo Celsius Network‘s transition into a mining company coincides with its bankruptcy proceedings. дальше »

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