Key Takeaways Close to 400,000 creditors of the bankrupt crypto exchange FTX could lose a combined $2.5 billion in repayment claims if they fail to meet the extended Know Your Customer (KYC) verification deadline, according to court filings submitted on…
key takeaways: In a surprising turn of events, cryptocurrency exchange FTX has decided to temporarily halt its planned $500 million investment in the AI startup Anthropic. This decision has raised eyebrows in the industry, as it puts a pause on…
Key takeaways : In a high-stakes legal confrontation, bankrupt cryptocurrency exchange FTX has initiated legal proceedings against four former employees of its Hong Kong-based affiliate, Salameda. This affiliate is believed to have been directly overseen by FTX’s former CEO, Sam…
Key Takeaways Bankrupt crypto exchange, FTX, is preparing to distribute over $1.2 billion to its users. The repayments are part of a restructuring plan approved in October 2024, which outlines that users owed up to $50,000 in digital assets must…
Key Takeaways Bankrupt Celsius Network has filed an appeal challenging a court ruling that dismissed its claims against FTX. The appeal, submitted on December 31 by Celsius’ litigation administrator Mohsin Meghji, contests Judge John T. Dorsey’s decision to disallow both…
FTX noted that despite the breach, no sensitive information such as account passwords, internal systems, or financial funds were compromised.
Key Takeaways The liquidators of Three Arrows Capital (3AC), the now-defunct hedge fund, have raised their bankruptcy claim against the crypto exchange FTX from $120 million to $1.5 billion. The updated claim accuses FTX of prematurely liquidating 3AC’s assets just…
Authorities in Turkey are attempting to recoup "suspicious assets" connected to the defunct FTX cryptocurrency exchange.
Key Takeaways Alameda Research, a firm which worked as the now defunct FTX’s main market maker has initiated legal proceedings to recover more than $11 million held in a Crypto.com account. In a recent filing on November 7 with the…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
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