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The Delaware bankruptcy court handling the FTX estate approved a petition on Thursday from Three Arrows Capital (3AC) to significantly expand its claim against the estate from $120 million to $1.53 billion, marking a major development in the ongoing fallout from the collapse of Sam Bankman-Friedâs câŚ
Understanding liquidity crises A liquidity crisis occurs when an organization lacks sufficient liquid assets, such as cash or assets readily convertible to cash, to meet its short-term financial obligations.Major hacks in the cryptocurrency exchange sector can trigger liquidity crises in several wâŚ
Deribit's options market for Solana's SOL token has become active, with whales engaging in bearish bets as the token's price continues to decline ahead of an impending multi-billion dollar unlock.Last week, SOL block trades totaling $32.39 million in notional value crossed the tape on Deribit, repreâŚ
The FTX crypto exchange going down will forever be remembered as a dark day in crypto. But props to the company for finally starting to repay creditors. It went through with its first round of repayments on February 18, where it paid out the âConvenience Class,â i.e., investors who lost up to $50K. âŚ
A court document from a US District Court shows the extent of Sam âSBFâ Bankman-Friedâs accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations, countless crypto balances, and a healthy stake in Robinhood.The âFinal Order of Forfeiture as toâŚ
Today in crypto, Bitcoinâs price action is raising concerns of possible market manipulation, according to Samson Mow, the US Senate has confirmed Howard Lutnick as commerce secretary, and FTX initiated its first round of creditor repayments and set May 30 as the next payment date, with an April 11 dâŚ
Bitcoinâs price action is raising concerns of possible market manipulation as the cryptocurrency continues trading in a tight range despite billions of dollars in institutional inflows.Bitcoin has been range-bound for over two months, trading between the $92,400 support and $106,500 resistance sincâŚ
FTX has started repaying creditors today (Tuesday), beginning with those in the âConvenience Class.â This group includes creditors with claims of $50,000 or less.These individuals will receive full repayment along with 9% annual interest accrued since November 2022. FTX has partnered with BitGo and âŚ
By Alexander OsipovichStarting Tuesday, some FTX customers are set to get their money back, more than two years after Sam Bankman-Fried's cryptocurrency exchange filed for bankruptcy.Initial payouts starting this week will go to smaller customers with claims of less than $50,000. Ultimately, the banâŚ
A growing number of white-collar convicts, including former FTX CEO Sam âSBFâ Bankman-Fried, are exploring pathways for clemency following the election of US President Donald Trump. However, as pardon backlogs continue to grow, the chances of conviction relief remain slim, according to William LivolâŚ
The cryptocurrency market experienced a significant selloff following US President Donald Trumpâs announcement of new tariffs on imports from Canada and Mexico, along with threats of increased duties on goods from the European Union. This triggered billions in liquidations, with Bitcoin briefly dropâŚ
Bitcoin (BTC) has had a volatile 24 hours, plunging from $99,500 to as low as $91,231 amid mounting concerns over impending US trade tariffs on Canada, Mexico, and China. However, some crypto analysts see this sharp decline as a buying opportunity, suggesting that BTC may be oversold and poised for âŚ