The FTX estate has finally sold its last Solana (SOL) tokens. This move is part of their ongoing efforts to compensate creditors and former customers. The tokens, valued at $2.6 billion, were sold to Pantera Capital and Figure Markets. This sale was at a steep discount, with each token going for $102. This is significantly […]

FTX has outlined a new plan promising significant repayments to its creditors affected by the 2022 collapse, including “billions in compensation” for the time value of their investments. Despite this promising development, not all parties are satisfied. The plan, pending approval by the U.S. Bankruptcy Court in Delaware, sets the stage for a 118% recovery […]

In a bold move to navigate through its financial turmoil, FTX, the once-giant in the cryptocurrency exchange world, has made headlines with its decision to sell its stake in Anthropic, an AI startup. This decision, coupled with the swirling concerns around its legal team’s profits, paints a complex picture of FTX’s attempt to rise from […]

The reopening of the platform did not go well for Voyager Digital as it seems that it suffered a hacker attack during the process. Bankruptcy Filing and Platform Reopening Voyager Digital Ltd., a crypto broker, filed for Chapter 11 bankruptcy protection shortly after receiving support from Sam Bankman-Fried’s Alameda Research due to market volatility and […]

Celsius Network could recover from bankruptcy by finally returning customer assets. Resolving Bankruptcy Celsius Network, a crypto lender that filed for Chapter 11 bankruptcy in 2022, has reached two crucial settlements. These agreements will enable the company to return assets to its customers and conclude the bankruptcy proceedings. The settlements are currently under review by […]

Bankman-Fried pleaded not guilty in several criminal charges brought up against him. Charges Sam Bankman-Fried, former CEO of crypto exchange FTX, has submitted pretrial motions to dismiss a significant portion of the charges brought against him based on legal justifications. The trial is scheduled for October 2023, and his lawyers are seeking to dismiss charges […]

FTX Exchange, a Cryptocurrency Exchange, has Recovered $7.3 Billion in Assets, According to the Bankruptcy Lawyer in Charge of the Case. The Recovery of these Assets May Lead to the Potential Restart of the Exchange, which has Been Dormant Since its Bankruptcy Filing in 2022. The Recovery of FTX Exchange Assets After FTX Exchange filed […]

The Collapse Of The Cryptocurrency Exchange The Japanese branch of FTX had to shut down a few days before the company filed for bankruptcy in the U.S. FTX Japan has ceased all operations since then, but the subsidiary managed to resume withdrawals. The branch made a promise to its clients in December that they will […]

Mark Karpelès, ex CEO of bankrupt MtGox is hosting an Ask Me Anything (AMA) on r/Bitcoin. For those who might not know MtGox, launched in 2010, was the first major exchange for Bitcoin  and was handling over 70% of all Bitcoin transactions worldwide back in 2013/14. In February 2014 trading (and the complete service) was […]