Get the latest news on FTX! FTX was a major crypto exchange founded by Sam Bankman-Fried and Gary Wang in 2019. Its native (FTT) token served multiple roles within the FTX ecosystem, such as ...

The 12.6% drop observed in the first three days of the week (per UTC hours) marks the largest decline since the FTX bankruptcy in November 2022, according to data from TradingView. The sell-off is ...

FTX’s bankruptcy case reveals the growing legal complexities surrounding the company’s collapse, as restructuring efforts uncover financial gaps and governance failures. With ongoing lawsuits and ...

(Bloomberg) -- The cost of FTX’s bankruptcy is approaching $1 billion, cementing the implosion of Sam Bankman-Fried’s crypto enterprise as one of costliest Chapter 11 cases in US history. Nearly $948 ...

The beneficiaries include hedge funds that picked up FTX customer claims that traded as low as 10 cents on the dollar after the company collapsed. FTX, which sought protection in November 2022, said ...

Read more about Cryptonews The majority of FTX creditors (79%) intend to reinvest their repayments in cryptocurrencies, showing continued optimism despite the exchange’s almost $9 billion collapse in ...

Institutional adoption of Bitcoin ($BTC) continues to grow, as Michael Saylor’s Strategy (formerly MicroStrategy) plans to raise $2 billion to buy more BTC ...

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FTX Digital Markets is set to begin repaying $1.2 billion to its creditors, marking the first major distribution since the exchange collapsed in 2022. Payments will start with priority given to ...

Forfeited holdings include $606M from Robinhood stock and $56M in XRP. FTX creditors receive $1.2B in payouts, recovering 119% of balances. Over 250 political donations pulled back, erasing SBF ...

An additional layer of uncertainty comes from FTX Digital Markets, the Bahamas-based subsidiary of FTX, which starts repaying creditors today. In total, FTX’s repayment program will be around ...