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Bankrupt cryptocurrency exchange FTX has announced plans to begin distributing payments to creditors and customers in early 2025. read more
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 court-approved Chapter 11 Plan of Reorganization wil…
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 final pre-requisites that will make this payout and…
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.
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…
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 lawsuits filed last Friday to claw back part of the il…
A roundup of the over 25 lawsuits FTX filed over the past week.
Bankrupt cryptocurrency trading platform FTX Derivatives Exchange has filed a lawsuit against Anthony Scaramucci. Known for his political and crypto engagements, FTX is out to recoup up to $67 million the trading firm invested into SkyBridge Capital ventures. FTX and the Eleventh Hour Lawsuit Accord…
Coinbase launches cbBTC on Solana to fill a Bitcoin gap in DeFi, boosting liquidity and adoption after FTX’s collapse left Solana lacking
Gary Wang, FTX’s co-founder, has asked through his legal team for a non-custodial sentence in a memo filed last November 6th in connection with the United States v. Sam Bankman-Fried. The computer programmer argued that he should not serve jail time over his supposed involvement with the failed FTX …
Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX’s sister company Alameda Research – will begin her two-year sentence after servin…