Bankrupt cryptocurrency exchange FTX has announced plans to begin distributing payments to creditors and customers in early 2025. read more
Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bea
The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and customers will begin early next year amid anticipation that the company’s co
On Friday, Solana (SOL) soared to a new all-time high (ATH), now trading at approximately $261. This breakthrough surpasses its previous peak set in November 2021. Solana’s rise to a new ATH marks an increase of over 32 times from its lows recorded i
FTX and its affiliated debtors announced they are on track to implement their Chapter 11 Plan of Reorganization by Jan. 2025, which will set distributions for creditors and customers. According to the timeline shared in the firm’s announcement, the f
Bankrupt crypto exchange FTX announced today that its court-approved reorganization plan will be effective in January 2025. Next month, FTX debtors will finalize arrangements with distributors to reimburse old users, especially those overseas. The re
After two years of bankruptcy hearings, FTX creditor reimbursements are set to begin, but the FTX estate remains embroiled in litigation.
The long-awaited FTX bankruptcy plan now have a specific date for creditors to expect payment. As the defunct exchange revealed in a recent press release, the official reorganization plan will commence in January 2025. FTX said it is completing the f
FTX to commence creditor distributions by early 2025 following court-approved reorganization, with arrangements completing this December. The post FTX set to begin creditor distributions in early 2025 appeared first on Crypto Briefing.
O'Neal, who is also part of a massive consolidated case against celebrity "brand ambassadors" for FTX, attempted to dismiss the case.
Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in a
FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a…
Liquidators managing Three Arrows Capital's (3AC) bankruptcy have filed a motion to raise their claim against FTX from $120 million to $1.53 billion.
Three Arrows Capital liquidators seek to revise their claim against FTX from $120 million to $1.53 billion, citing improper liquidation of 3AC assets.
The biggest crypto exchange collapse, the FTX crash, is again in the limelight, as a Sam Bankman-Fried biopic is in the making. After the launch of the Sam-inspired book ‘Going Infinite: The Rise and Fall of a New Tycoon,’ right after the collapse, a
Apple Studios and A24 are reportedly planning to adapt Michael Lewis’ book on the rise and fall of the former FTX CEO into a feature film.
The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor. The $1.8 billion legal action follows another 23 laws
Former Alameda Research co-CEO Sam Trabucco will surrender ownership of two San Francisco apartments worth $8.7 million and a 53-foot yacht and relinquish his $70 million in claims he filed against FTX. These concessions represent part of a settlemen
A roundup of the over 25 lawsuits FTX filed over the past week.
Alameda Research, a subsidiary of the bankrupt crypto exchange FTX, has sued Sasha Ivanov, the founder of the Waves blockchain, over $90 million tied to Vires.Finance. FTX‘s sister hedge fund Alameda Research has filed a lawsuit against Waves founder