News about FTX

News about Ftx

FTX Customers Dispute Proposed Liquidation Plan in Bankruptcy Court

FTX, the bankrupt cryptocurrency exchange, is set to seek court approval to proceed with a proposed liquidation plan aimed at repaying customers in cash. The plan faces opposition from some customers who argue they are entitled to higher repayments.C...

CoinShares Sold £26.6 Million FTX Claim for a Profit

CoinShares, a European digital asset-focused investment company, has sold its claim from bankrupt crypto exchange FTX at a net recovery rate of 116 percent. Announced today (Monday), the company will receive a return of £31.32 million on a £26.6 mill...

Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout

In a significant development within the crypto sector, BitFlyer Holdings has successfully negotiated the acquisition of FTX Japan, the local subsidiary of the bankrupt crypto exchange FTX. This move is poised to reshape the landscape of digital asset...

Bitflyer Takes the Reins: Acquiring FTX Japan amid Bankruptcy Fallout

Today (Thursday), it was disclosed that Bitflyer, a Japanese cryptocurrency exchange, has acquired the Japanese operations of FTX, which had previously filed for Chapter 11 bankruptcy protection in November 2022. FTX Japan was among over 100 affiliat...

Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK

According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local R...

BitFlyer to acquire FTX Japan for billions of Yens

BitFlyer, a major Japanese exchange, is angling to acquire FTX Japan, a subsidiary of the bankrupt FTX exchange. The exact value of the acquisition hasn’t been made public though it is expected to be billions of yens. The acquisition is poised...

Do not get Celsiused, Voyagered, FTXed etc… be the last frame

I recommend Trezor Safe 3 Hardware Wallet (released fall 2023) submitted by /u/silentcold [link] [comments]

FTX victims go after company’s assets from criminal forfeiture

submitted by /u/dAn_tHe_mAn7 [link] [comments]

FTX Estate Faces Competing Claims For SBF’s Forfeited Assets

In an interesting development, the FTX Debtors’ Estate is currently battling claims from certain parties over the ownership of assets forfeited by Sam Bankman-Fried (SBF) following the criminal conviction of the former FTX CEO for fraud and money lau...

Gensler says FTX 'is not unique,' warns crypto exchanges are commingling functions

submitted by /u/0xJonnyDee [link] [comments]

Bitcoin And The FTX Bankruptcy - Forbes

Bitcoin And The FTX Bankruptcy& & Forbes

FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals

According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions...

FTX Creditors Filed an Objection against Bankruptcy Reorganization Plan

A group of creditors of the now-collapsed FTX has moved to court, objecting to the crypto exchange’s bankruptcy reorganization plan, which would pay the unsecured creditors the entirety of their claims, if not more.The Formal Objection of FTX Credito...

FTX Settles Massive $24B Claim With IRS, Unlocking Funds For Customer Compensation

According to a recent report by Bloomberg Law, the bankrupt crypto exchange once run by Sam Bankman-Fried, FTX, has reached a settlement with the Internal Revenue Service (IRS) regarding a $24 billion claim. The settlement allows FTX to pay a fracti...

FTX secretly gave $17.5m to Aussie crypto influencer who lost other people's millions

submitted by /u/Fun-Consideration407 [link] [comments]

FTX Reaches Settlement With IRS on $24 Billion Tax Claim

Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax author...

FTX Settles $24 Billion Tax Dispute with Internal Revenue Service

FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a significant $24 billion tax dispute that has been looming over the exchange's restructuring process. Initially, the IRS claimed FTX...

FTX wants to pay the IRS $200 million instead of $24 billion in tax liabilities

submitted by /u/Beyonderr [link] [comments]

FTX Offloads Remaining Anthropic Shares In $450 Million Sale

The FTX bankruptcy estate has been involved in several asset liquidations over the past year, as they seek to fully reimburse former customers of the now-defunct exchange. In the latest development in the ongoing proceedings, the estate has sold the...

Bitcoin benchmark: Only eight digital asset tokens hit ATHs in BTC post-FTX collapse - CryptoSlate

Bitcoin benchmark: Only eight digital asset tokens hit ATHs in BTC post-FTX collapse& & CryptoSlate

Former FTX executive Salame sentenced to over 7 years in prison

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Ryan Salame, a deputy of FTX crypto king Sam Bankman-Fried, jailed

submitted by /u/ElderberryForward215 [link] [comments]

FTX's Former Executive Ryan Salame Sentenced to Over 7 Years for Fraud and Conspiracy

Ryan Salame, once a high-ranking executive at the cryptocurrency exchange FTX, has been sentenced to more than seven years in prison for fraud charges and conspiracy to operate unlicensed money-transmitting business, the Financial Times reported. Sal...

Former FTX exec sentenced, and bitcoin miner Riot pursues takeover of Bitfarms - CNBC

Former FTX exec sentenced, and bitcoin miner Riot pursues takeover of Bitfarms& & CNBC

Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million