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FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

Ftx

FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022.  The decision by Judge John Dorsey marks a significant step forward in the two-year-long bankruptcy proceedings, as voting by creditors plays a pivotal role in…

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote Read More »

FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

Ftx

In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session.…

FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise? Read More »

FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

Ftx

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried.  In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam  Bankman-Fried And Insiders Settle Per…

FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors Read More »

FTX Founder Sam Bankman-Fried Breaks Silence, Announces Appeal For 25-Year Conviction

Ftx

In a recent 25-year prison sentence for fraud. FTX Co-Founder Admits Errors Bankman-Fried, currently held at the Metropolitan Detention Center in Brooklyn, shared his reflections on the unfolding events. He admitted to making several “bad decisions” in 2022 that led to FTX’s insolvency. Although he claimed he had never considered his actions illegal, Bankman-Fried acknowledged…

FTX Founder Sam Bankman-Fried Breaks Silence, Announces Appeal For 25-Year Conviction Read More »

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