FTX Creditors Take a Hit as Court Grants 3AC’s Billion-Dollar Claim
TL;dR A bankruptcy court in the U.S. approved the expansion of Three Arrows Capital’s (3AC) claim against FTX, increasing the amount from $120 million to $1.53
FTX Exchange (Latest Publications)
SBF’s Prison Interview: FTX Had Enough to Pay Everyone, Bankruptcy Was a Mistake
TL;DR Sam Bankman-Fried claims that FTX had enough funds to pay all customers and that its bankruptcy was a mistake driven by external factors. According to
FTX Begins Distributing Funds to First Group of Creditors
TL;DR FTX Digital Markets will start returning funds to its creditors on February 18. This first phase of the repayment process includes payments to users with
FTX Creditor Group Announces $1.2 Billion Repayment Rollout Starting January
TL;DR FTX will start distributing over $1.2 billion in repayments to creditors from January 2025, more than two years after its bankruptcy. The initial distribution will
Celsius vs. FTX: $444M Lawsuit Escalates with New Appeal
TL;DR Celsius appealed a court decision that rejected its $444 million claim against FTX, part of its ongoing bankruptcy proceedings. The legal battle began in early
U.S. Government Moves $33.6M in Seized FTX Crypto—Where Did It Go?
TL;DR The U.S. government transferred $33.6 million in seized FTX crypto assets to two unidentified addresses, including 5,024 ether and $13.5 million in Binance USD. The
Three Arrows Capital Blames FTX for $1.53 Billion Loss, Citing Data and Trust Breach
TL;DR Three Arrows Capital (3AC) seeks to increase its claim against FTX from $120 million to $1.53 billion, alleging improper liquidation of assets. 3AC also filed
Binance and CZ Face $1.8 Billion FTX Lawsuit Over ‘Fraudulent Transfers’
TL;DR FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao (CZ), seeking to recover nearly $1.8 billion in alleged fraudulent transfers related
Former FTX Executives Who Testified in Sam Bankman-Fried Trial Sentenced Later This Year
TL;DR Sentencing hearings have been scheduled for Nishad Singh and Gary Wang, former FTX executives who testified against Sam Bankman-Fried. Bankman-Fried was sentenced to 25 years
Yield App Halts Services, Blames FTX Losses
TL;DR Yield App, a cryptocurrency investment platform, ceases its operations due to significant losses linked to FTX through third-party fund managers. Despite ensuring the safety of
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