News with the tag "ftx debtors"

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 laundering. In a petition submitted on Friday, the de...

FTX debtors, creditor groups, and an offshore entity are all claiming FTX bankruptcy assets.

Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.

The lawsuit also alleges that ByBit secretly controls BitDAO, now known as Mantle, which a ByBit executive once "privately explained" to FTX.

The lawsuit also alleges that ByBit secretly controls BitDAO, now known as Mantle, which a ByBit executive once "privately explained" to FTX.

On Thursday, the analytics firm Peckshield alerted the community to another transfer of crypto assets from FTX wallets to centralized exchanges. Nearly $20 million in digital currencies were moved after the estate transferred $8.6 million in cryptocurrencies to Binance earlier in the day. FTX Mobili...

On Wednesday, Nansen, an onchain analytics provider, illuminated a series of intriguing transactions originating from FTX and Alameda Research addresses, now under the stewardship of the FTX creditors. A substantial sum of $8.6 million in cryptocurrency assets found its way to an address associated ...

The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’ propos...

Here's a look into the plan could impact FTX customers, and the potential for over 90% distributable value worldwide.

A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.