FTX

January 12, 2024

FTX creditors seek ‘in-kind’ crypto repayments instead of 2022 low prices

Numerous FTX clients have urged a U.S. bankruptcy judge to block the collapsed crypto exchange from assessing their cryptocurrency holdings at 2022 values. They argue that […]
December 29, 2023

FTX debtors propose $16,871 Bitcoin price for creditor claims

Many online objected to the proposed pricing, based on the U.S. dollar value of cryptocurrencies when FTX filed for bankruptcy in November 2022.   The debtors […]
December 18, 2023

FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day. […]
December 12, 2023

IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX

FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.   The bankrupt cryptocurrency exchange FTX […]
December 01, 2023

FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute

The latest transfer of $10.8 million was spread across 8 tokens, including Stepn (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum […]
November 30, 2023

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

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.   The […]
October 23, 2023

FTX creditor claims breach the 50c mark as buyers see light at the end of the tunnel

The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.   The […]

FTX clients face deceptive priority withdrawal scam

FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU.   FTX users have reportedly fallen victim […]
October 13, 2023

Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison

The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s […]

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