Former FTX Customer Sues Hedge Fund
FTX cleared to repay billions to customers after bankruptcy plan approval
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange collapsed.
FTX Customer Sues Hedge Fund Over Alleged Bankruptcy Gains
This development comes as the court approves the FTX reorganization plan, which is expected to repay over 120% of creditor claim values.
Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.
UAE stablecoin issuer gets greenlight, FTX customers sue hedge fund: Law Decoded
The Central Bank of the United Arab Emirates (CBUAE) granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework. AED Stablecoin’s preliminary license approval makes it a frontrunner in the race to become the first issuer of a regulated dirham-pegged stablecoin in the UAE.
Bankruptcy Judge Greenlights FTX’s $16 Billion Customer Repayment Plan
FTX, the now-defunct cryptocurrency exchange, is set to distribute up to $16 billion to its customers following a court hearing.
FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan
A US judge has authorized a plan for fallen crypto exchange FTX to return money to former customers, as the drawn-out bankruptcy process approaches its end.
Justice has not been served, FTX customers react to bankruptcy plan confirmation
Customers whose digital assets are locked in now defunct-cryptocurrency exchange FTX have not benefited from the rebound in crypto prices since the platform imploded nearly two years ago, they said in response to the court approval of the company’s bankruptcy proceedings.
2 Reasons The Multi-Billion FTX Payout Will Not Send Crypto Higher
In other words, even with the billions that are owed and due to be distributed to FTX creditors 1) the investors most likely ...
Sam Bankman-Fried’s FTX: creditors poised for $16.5 billion payout in landmark bankruptcy settlement
Creditors of the defunct cryptocurrency exchange FTX are set to recover up to $16.5 billion (£12.6 billion) following the ...
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FTX bankruptcy judge approves more than $14 billion payback plan two years after exchange collapsed
A Delaware bankruptcy judge approved FTX's reorganization plan almost two years after the crypto exchange spiraled into ...
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FTX Creditor Says Hedge Fund Owes Him for Claim It Bought at '42% Discount'
An FTX creditor sold his $1.59 million bankruptcy claim to a hedge fund. Now he's suing because he says the firm owes him ...
CoinDesk on MSN7d
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
Brian Glueckstein, an attorney for the FTX estate and a partner at Sullivan & Cromwell, argued Monday that the correct ...
Who Is Ryan Salame, Disgraced FTX Exec Who Reported to Prison on LinkedIn
Ryan Salame, once a high-ranking executive at bankrupt cryptocurrency company FTX, took to LinkedIn this week to share that ...
Sullivan & Cromwell Dismissed as Defendant in Lawsuit from FTX Investors
The dismissal follows a second report from an independent examiner that found Sullivan & Cromwell didn't ignore red flags in ...
Cryptopolitan on MSN5d
FTX repayments to creditors could be a liquidity catalyst for the crypto market
U.S. bankruptcy judge John Dorsey gave FTX the green light to repay 98% of its customers using $16.5 billion in assets ...