Search Results for: FTX
FTX bankruptcy plan approved, billions to be repaid to customers
October 8, 2024 at 11:20 GMTThe approval, given by US Bankruptcy Judge John Dorsey on 7 October, allows FTX to use up to $16.5 billion of recovered funds to repay customers who lost their money.
FTX reduces crypto holder payouts in new plan, enraging creditors
September 30, 2024 at 12:38 GMTThe sudden changes to the payout plan have taken a toll on many FTX customers, who are already struggling after the exchange collapsed and froze their funds.
FTX and CFTC settle 19-month lawsuit with $12.7B agreement
July 17, 2024 at 11:46 GMTThe settlement includes $8.7 billion in restitution and $4 billion in compensation, with the latter subject to the advance payment of all creditor claims.
FTX is the prime example of how the rise and fall of exchange platforms can be swift and dramatic in the cryptocurrency space. Launched in 2019, FTX had quickly become a popular choice among crypto traders. It offered a range of services including spot markets, derivatives, options, and leveraged products. Founded by Sam Bankman-Fried, an MIT...
FTX settles colossal $24B IRS claim, enabling swift customer recoveries
June 5, 2024 at 14:27 GMTThis settlement is a crucial development in FTX's bankruptcy proceedings. It resolves a potential source of prolonged and uncertain litigation between the crypto exchange and its largest creditor.
FTX plans new Solana token auction amid bankruptcy proceedings
April 29, 2024 at 08:01 GMTThe auction will follow a "blind auction" format, which differs from the direct sales methods used in previous transactions.
In a pivotal step, bankrupt crypto exchange FTX has filed to sell its 7.84% stakein AI startup Anthropic, marking a key asset liquidation effort.
FTX’s $400M hack uncovered as SIM-swap scheme, three indicted
February 2, 2024 at 11:50 GMTThree suspects face charges in connection with the $400 million heist targeting cryptocurrency exchange FTX, occurring just hours after its bankruptcy announcement.
FTX gets court approval to sell $873M in assets for creditor payback
November 30, 2023 at 12:10 GMTBankrupt cryptocurrency exchange FTX has been approved to sell a chunk of its trust assets which will be utilised to pay back its creditors.
FTX Token price prediction: What’s in store for FTT in the FTX 2.0 era?
November 22, 2023 at 17:17 GMTFTT is surging as buyers are competing to takeover and relaunch the FTX exchange...