BlockFi, a centralized crypto lender, recently shut down its web platform and selected Coinbase as its distribution partner for customer fund withdrawals. The move comes as BlockFi aims to ensure a swift transition for eligible customers following the closure of its platform. BlockFi Selects Coinbase As Exclusive Partner According to the company’s press release on […]
Battle Over ‘Sam Coins’: FTX Customers Demand Millions From Bankrupt Crypto Firm | Bitcoinist.com
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Crypto, Crypto Exchange FTX, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, FTT news, FTT price, FTT Token, FTT:USD, FTTUDST, FTX, FTX aftermath, FTX bankruptcy, FTX claims, FTX co-founder, FTX creditors, FTX crypto, FTX news, Sam Bankman-Fried, Sam Bankman-Fried defense, Sam Bankman-Fried news
FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried. Investors Push For Higher Valuation According to a Bloomberg report, the investors holding tokens called Serum, MAPS, and OXY are urging US […]
Bankrupt crypto exchange FTX will sell two-thirds of its stake in artificial intelligence (AI) startup Anthropic for $884 million, according to a Bloomberg report. The move comes as FTX seeks to repay its creditors and bolster its cash reserves. The sale involves various buyers, including ATIC Third International Investment Company LLC, associated with the United […]
A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s. The proposed plan of the defunct exchange would see creditors repaid based on November 2022 prices of digital assets, which are significantly lower […]
In a recent court hearing in Delaware, the failed crypto exchange FTX announced its decision to abandon efforts to restart its crypto exchange and instead liquidate all assets to refund its customers, according to an attorney representing the company. Per a Reuters report, FTX had negotiated with potential bidders and investors for several months. Still, […]
In a recent filing on December 27, bankrupt cryptocurrency exchange FTX unveiled its repayment plan, triggering customer outrage and discontent. The plan, which values customers’ digital assets at the time of FTX’s collapse, offers a value significantly lower than prevailing market prices. FTX Under Fire The filing by FTX stated that the repayment plan aims […]
FTX Digital Markets Secure Global Settlement: Positive Outcome For Customers? | Bitcoinist.com
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Crypto, Crypto Exchange FTX, Crypto News, Cryptocurrency, DeFi, digital currency, FTT, FTT news, FTT price, FTT Token, FTT Token news, FTTUDST, FTX, FTX aftermath, FTX assets, FTX auditor, FTX bankruptcy, FTX CEO, FTX claims, FTX Collapse news, FTX creditors, FTX crypto, FTX crypto exchange, FTX customers, FTX news
In a significant development, FTX Debtors and FTX Digital Markets have announced a global settlement agreement with the Joint Official Liquidators (JOLs) representing FTX Digital Markets. The settlement, subject to court approvals, addresses the complex legal challenges arising from the collapse of the FTX group and proposes a mutually beneficial solution. Consensual Resolution Achieved The […]