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FTX to fully repay investors after bankruptcy plan receives judge approval

FTX to repay 98% of its users around 119% of their claim value Distributions will be made to creditors across more than 200 jurisdictions FTX collapsed in November 2022 amid allegations of fraud and customer fund mismanagement A US judge has approved FTX’s bankruptcy plan to use billions of dollars in recovered assets to repay […] The post FTX to fully repay investors after bankruptcy plan receives judge approval appeared first on CoinJournal. дальше »

2024-10-8 00:37


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FTX bankruptcy faces new hurdles as SEC flags repayment concerns

The US Securities and Exchange Commission (SEC) has issued a filing expressing concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which includes repaying creditors through stablecoins or other digital assets, has prompted the SEC to reserve the right to challenge these transactions under federal securities laws. дальше »

2024-9-3 02:47


Serum price tumbles as Jump Trading takes FTX Estate to court over SRM token loan

The price of Serum (SRM) has plummeted nearly 8% amidst a brewing court battle between Jump Trading’s subsidiary, Tai Mo Shan, and the FTX bankruptcy estate. The dispute between Tai Mo Shan and FTX bankruptcy estate centers around an unresolved loan agreement involving a massive 800 million SRM tokens, a transaction that has now become […] дальше »

2024-7-23 13:34


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Bitcoin exchange Mt. Gox to return $9 billion in tokens to users after decade-long wait

The once-dominant Bitcoin exchange, Mt. Gox, which collapsed a decade ago following a massive hack, is set to return nearly $9 billion worth of tokens to its users. This long-awaited payout comes after a prolonged and complicated bankruptcy process, and has sparked concern among investors about potential impacts on the cryptocurrency market. Returning billions: The […] дальше »

2024-7-1 14:51


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FTX granted court approval to solicit votes on liquidation plan; some creditors continue to object

A US bankruptcy court has granted FTX approval to solicit votes on a liquidation plan that pays customer claims in cash, Reuters reported on June 25. The cash payment plan would pay customers based on crypto prices at the time of FTX’s November 2022 collapse, overriding objections from customers who seek higher amounts because crypto […] The post FTX granted court approval to solicit votes on liquidation plan; some creditors continue to object appeared first on CryptoSlate. дальше »

2024-6-26 04:00