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
Bankrupt crypto exchange FTX has reached a settlement with Emergent Fidelity Technologies, a firm co-founded by Sam Bankman-Fried, over more than $600 million worth of Robinhood shares. The deal, disclosed in a motion by FTX CEO John Ray III on September 6 in a Delaware Bankruptcy Court, involves FTX paying
FTX, the crypto exchange that faced bankruptcy in November 2022 is planning to repay creditors in the fourth quarter of 2024 which is starting this October. They are redistributing 16 billion dollars. It owes more than two million customers and other non-governmental creditors about $11 billion. This vital move marks
After the U.S. court’s order for FTX to pay $12.7 billion and repay creditors, the exchange is facing new challenges in its repayment efforts. The US Securities and Exchange Commission (SEC) has issued a warning against the bankrupt exchange’s strategy for repaying creditors. The SEC’s latest filing suggests a “possible
A new development has occurred in the ongoing FTX restructuring proceedings; the case’s United States trustee has voiced strong concerns to the crypto exchange’s revised reorganization plan. Although the FTX estate claims that the proposed plan has the backing of many creditors. The trustee Andrew Vara and other creditors have
Final clearance for the $12.7 billion repayment to FTX creditors as part of the settlement with the US Commodity Futures Trading Commission (CFTC) was given by a New York court for the now-defunct crypto exchange FTX and its sister trading business Alameda Research. Judgment on the $12.7 billion settlement agreement
