Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens. Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want…
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The FTX bankruptcy estate has outlined its target to initiate repayments to customers by the end of 2024, as disclosed during a meeting of FTX Digital’s Joint Official Liquidators in the Bahamas. The FTX bankruptcy consists of two distinct processes, including the Chapter 11 bankruptcy being overseen by a Delaware court in the United States…
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Fallen crypto exchange FTX has opened its claim window for creditors to retrieve their crypto assets. However, the exchange has faced criticism on social media from users who have blasted FTX for pricing major crypto assets significantly lower than their market values. An X post on March 2nd from crypto reporter Colin Wu, who goes…
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The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million recovered. Australian investors with crypto-to-crypto withdrawal requests will have to wait for the completion…
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Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to The Wall Street Journal. Google has doubled down on its artificial intelligence (AI) bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested…
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FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team. In a July 31 court…
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