Cryptocoins News / Blockchain - 6 months ago
FTX has announced a repayment plan to repay creditors and compensate for time value of investments, but valuation concerns remain over its effectiveness. (Read More)
Cryptocoins News / Finance Magnates - 6 months ago
Bankrupt cryptocurrency exchange FTX plans to repay 98 percent of its creditors up to 118 percent of their claims in cash, an announcement yesterday (Tuesday) detailed. Only creditors with $50,000 or less in claims will be eligible to receive the cla...
Cryptocoins News / Blockchain - 6 months ago
Ryan Salame, the former co-CEO of FTX Digital Markets, has reached a plea agreement in a criminal case. As part of the agreement, Salame has agreed to transfer his $5.9 million Bahamas house to FTX Digital Markets Ltd. instead of paying $5.6 million...
Bitcoin News / Bitcoinist - 6 months ago
The implosion of cryptocurrency giant FTX continues to cast a long shadow, with the latest twist involving a Bahamas mansion and a plea deal. Ryan Salame, the former co-CEO of FTX Digital Markets, a subsidiary of the now-bankrupt exchange, has agreed...
Bitcoin News / Google News Bitcoin - 6 months ago
Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash& & CoinDesk
Bitcoin News / Bitcoinist - 6 months ago
Asset management firm Pantera Capital has emerged as one of the successful bidders in an auction of discounted Solana (SOL) tokens conducted by the liquidators overseeing the bankruptcy of the former FTX cryptocurrency exchange.
The sale, which inclu...
Cryptocoins News / CoinJournal - 6 months ago
Pantera Capital has purchased more Solana (SOL) from the FTX bankruptcy estate.
FTX is auctioning off SOL, with more tokens to be sold to winning bidders.
Pantera Capital has acquired another stockpile of Solana (SOL) tokens at discounted prices fr...
Bitcoin News / Bitcoinist - 7 months ago
The estate of the bankrupt crypto exchange FTX is preparing for another significant disposition of assets, this time involving locked Solana (SOL) tokens. Unlike prior transactions, this batch of Solana tokens will be sold through an auction process,...
Cryptocoins News / CoinJournal - 7 months ago
FTX to auction the remaining locked Solana (SOL) tokens.
The last SOL token sale by FTX attracted significant buyer interest.
Figure Markets confirms it will participate in the auction.
The embattled FTX cryptocurrency exchange is set to auction th...
Bitcoin News / Bitcoin.com - 7 months ago
Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows...
Bitcoin News / Bitcoin.com - 7 months ago
In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivo...
Bitcoin News / Bitcoinist - 7 months ago
In recent developments, the US Department of Justice (DOJ) has been reevaluating its choice of law firm to oversee the cryptocurrency exchange Binance as an independent monitor.
The decision concerns the firm’s previous work for the now-bankru...
Cryptocoins News / Finance Magnates - 7 months ago
The Cyprus Securities and Exchange Commission (CySEC) has yet again extended the suspension of the license of FTX (EU) Ltd, the locally regulated subsidiary of the now-collapsed cryptocurrency exchange.The Suspension of FTX’s EU LicenseAnnounced toda...
Cryptocoins News / Finance Magnates - 7 months ago
Senators
Elizabeth Warren and Chuck Grassley demand a full accounting of the
interactions between the Commodity Futures Trading Commission's (CFTC) Chairman, Rostin
Behnam, and Sam Bankman-Fried (SBF), the convicted founder of the now-defunct
cryptoc...
Bitcoin News / Bitcoin.com - 7 months ago
Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per...