FTX is scheduled to conduct one other reimbursement this month, meting out $1.6 billion to its collectors on September 30. This liquidity inflow might set off an altcoin season. Still, in comparison with the preliminary bulletins in July, this cost spherical is $300 million lower than marketed. There’s a bullish alternative at hand, however a…
The joint liquidators of defunct hedge fund Three Arrows Capital (3AC) have formally moved to subpoena former FTX CEO Sam Bankman-Fried, ex-Alameda CEO Caroline Ellison, and former FTX govt Ryne Miller Salame, over allegations involving over $1.5 billion in unlawful asset liquidations. Key Takeaways: 3AC’s liquidators have subpoenaed SBF, Ellison, and Salame over alleged $1.5B…
Fenwick & West, a outstanding Silicon Valley regulation agency, has rejected allegations that it performed a central function within the collapse of crypto trade FTX, calling the claims “facile” and “flawed” in a court filing on Monday. Key Takeaways: Fenwick & West has rejected claims it enabled FTX’s collapse, calling the allegations speculative and flawed….
FTX, the once-prominent crypto exchange and hedge fund that collapsed in 2022, is set to begin its third round of creditor repayments. The bankrupt company, through the FTX Recovery Trust and FTX Trading, announced on Wednesday that it will distribute $1.9 billion to eligible claim holders starting September 30. The final list of recipients will…
Bankrupt crypto exchange FTX has announced that it will begin its next round of cash distributions to creditors on or around September 30, 2025. The record date for eligible claimants is set for August 15. Key Takeaways: FTX will begin its next round of cash payouts to approved creditors on September 30. A $1.9 billion…