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 […]

FTX Set To Cash In $884 Million From Majority Stake Sale In Anthropic | Bitcoinist.com

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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 […]

FTX Bankruptcy Trade Turns Into Legal Showdown As Profits Soar By 200% | Bitcoinist.com

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London-based boutique distressed asset trading firm Attestor Ltd. experienced a significant bonanza as the value of crypto assets purchased from Sam Bankman-Fried’s FTX crypto exchange soared.  According to a Bloomberg report, Attestor’s trade became the talk of distressed investing circles as profits multiplied at an astonishing rate – 50%, 100%, and even close to 200%. […]

Sam Bankman-Fried Cites Autism Disorder As Reason To Avoid 100 Years In Prison | Bitcoinist.com

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Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, DeFi, FTT, FTT news, FTT price, FTT Token, FTT:USD, FTTUSDT, FTX, FTX CEO, FTX CEO arrest, FTX Collapse news, FTX Sam Bankman-Fried, Sam Bankman-Fried, Sam Bankman-Fried charges, Sam Bankman-Fried court, Sam Bankman-Fried defense, Sam Bankman-Fried jail, Sam Bankman-Fried news

In a high-profile case that has garnered considerable attention, Sam Bankman-Fried, the disgraced CEO of the now-bankrupt FTX crypto exchange, is seeking a lighter sentence, citing his autism spectrum disorder. Bankman-Fried’s lawyers argue that his condition makes him “uniquely vulnerable” in a prison environment and should result in a reduced sentence of five to six […]

FTX Abandons Hope For Restart, Focuses On Asset Liquidation To Repay Customers | Bitcoinist.com

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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, […]

Bankrupt FTX Stirs Controversy With Repayment Plan: Bitcoin Valued At $16,000 For Customers | Bitcoinist.com

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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 […]

Are Crypto Traders Dumping BNB For FTX’s FTT? Here’s What The Data Says | Bitcoinist.com

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On Tuesday, November 21, the BNB price faced adverse headwinds following the announcement that Changpeng Zhao, the founder Binance crypto exchange, was stepping down from his role as CEO. This move triggered a crash in the price of BNB, the native token of the exchange. However, around the same time, there was a noticeable increase […]

Sam Bankman-Fried’s Defense Breaks Down: Testifies To Issues Within FTX | Bitcoinist.com

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Crypto, Crypto News, FTT news, FTT Token, FTX, FTX news, FTX Sam Bankman-Fried, Sam Bankman-Fried, Sam Bankman-Fried defense, Sam Bankman-Fried FTX, Sam Bankman-Fried news, Sam Bankman-Fried prison, Sam Bankman-Fried testimony, Sam Bankman-Fried trial

The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 31, with the prosecution cross-examining the defendant. Despite the line of questioning from the prosecutor, SBF managed to spin his narrative on what went on at the crypto exchange. However, it remains to be seen if this […]