In a legal filing made public on October 24th, the FTX bankruptcy estate announced a $228 million settlement with the Bybit exchange. The estate had first sued the exchange in 2023, attempting to recoup monies owed to creditors and former clients. The filing states that FTX will be able to
Nishad Singh, a former executive at the FTX cryptocurrency exchange, is making a plea to avoid prison time as he prepares for his sentencing on October 30. Singh’s legal team has described him as an “uncommonly selfless individual” in their recent filing, which includes over 100 letters of support from
Satoshi Nakamoto’s identity and the HBO documentary are the day’s talks for the crypto community. The HBO documentary has attempted to uncover the true identity of the creator of Bitcoin. Meanwhile, Ryan Salame, the former FTX executive’s 7-and-a-half-year prison sentence began in the past day. In reflection, the FTX token
The Web3 community after a recent slump has begun to stir up its activity. Meanwhile, the looming US elections and FED reports have influenced the sector’s different aspects. While prices have shown mixed signals, the industry itself has become vibrant. A recent report stated that almost 7.51% of the global
As the crypto market evolves, traders hunt for the next big opportunity. With multiple tokens vying for attention, predictions emerge about which will skyrocket. Among FTX (FTT), Aptos (APT), and CYBRO, one might deliver extraordinary returns by 2024. This article delves into analysis, trends, and growth potential to uncover which
FTX’s reorganization plan has gained overwhelming support, with a significant majority of Dotcom voting creditors approving it. According to the final report released by the Kroll Restructuring Administration, 94.48% of creditors who returned their ballots voted in favor of the proposal. This support marks a crucial step toward resolving FTX’s
FTX Token (FTT), linked to the bankrupt crypto exchange FTX, saw a dramatic surge on Sunday, gaining over 110% in just 24 hours. Alongside this price spike, trading volume also saw a jaw-dropping increase of 3653%, bringing FTT back to levels it hadn’t seen since January of this year. According
The reimbursements procedure for the insolvent derivatives exchange FTX, which is one of the most eagerly awaited, starts next week, which might be a pivotal moment for the crypto market. However, experts predict that the purchasing demand for Bitcoin and altcoins in particular is going to grow dramatically. As almost
The defunct crypto exchange, FTX, and its sister firm, Alameda Research reclaimed the dumped 177,693 SOL tokens, worth approximately $24 million, from the Solana Proof-of-Stake (PoS) network. The exchange-affiliated wallet, H4y…gFZ, still holds a 7.057 million SOL in staking, valued around $943 million. FTX was one of the biggest holders
Jason Titman, CEO of Australian cryptocurrency exchange CEO, Jason titman Swyftx, has noted that millions of potential crypto investors in Australia are hesitant to enter the market due to unclear regulations. Titman predicts that once the regulatory environment stabilizes, between two to six million Aussies will likely venture into cryptocurrency
