Tron Founder: First Digital Trust Situation ‘Significantly Worse’ Than FTX
Tron founder Justin Sun has compared the controversy surrounding First Digital Trust to that of FTX before its collapse but
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FTX
Backpack Starts Claim Process for FTX EU Fund After Acquiring FTX Subsidiary
Key Takeaways: Backpack has opened the fund claim process for former FTX EU customers following its acquisition of the entity.
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Coinbase shares sink in steepest drop since FTX turmoil
Key Takeaways Coinbase shares fell 31%, marking their steepest drop since the FTX collapse in late 2022. The crypto downturn
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FTX Estate to Begin Repaying Main Creditors $11.4B in Cash by May 2025
The bankrupt cryptocurrency platform FTX aims to initiate repayments to primary creditors by May 30, 2025, deploying an $11.4 billion
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Is Hyperliquid the next FTX? JELLY drama triggers Bitget CEO warning
Key Takeaways Bitget’s CEO has issued a warning about the potential risks at Hyperliquid after a major incident involving the
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3AC wins court approval to expand FTX bankruptcy claim from $120 million to $1.5 billion
Key Takeaways 3AC’s liquidators increased their bankruptcy claim against FTX to $1.53 billion. The court approved the expanded claim involving
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FTX wallet moves Bitcoin ahead of creditor repayments
Key Takeaways FTX has begun testing Bitcoin transactions ahead of creditor repayments scheduled for tomorrow. Initial creditor repayments will prioritize
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FTX to begin Bahamas creditor repayments on February 18
Key Takeaways FTX will start repaying Bahamas-based creditors on February 18, beginning with claims under $50,000. Eligible creditors will receive
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FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million
Key Takeaways Backpack Exchange has acquired FTX EU for $32.7 million with regulatory approval from Cyprus and the FTX bankruptcy
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FTX payout plan taking effect today—here’s what to expect
Key Takeaways FTX’s creditor repayments will begin within 60 days of January 3, 2025. BitGo and Kraken have been appointed
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