Tag: FTX

FTX Chapter Hit by Courtroom Ruling Favoring 3AC’s $1.53 Billion declare

A Delaware chapter court docket sided with failed hedge fund Three Arrows Capital (3AC), approving a dramatic enhance in its declare in opposition to FTX from $120 million to $1.53 billion. The ruling, which comes...

FTX collectors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements

Sunil Kavuri, a consultant of the FTX Collectors’ group, revealed that the bankrupt crypto change is exploring methods to compensate collectors in a number of nations, together with Russia, China, Egypt, Nigeria, and...

Coinbase’s cbBTC Launches on Solana DeFi, Concentrating on Bitcoin Hole Left by FTX

Almost two years after FTX's collapse impacted Solana's decentralized finance (DeFi) sector, Coinbase is making an attempt to reintroduce bitcoin-based buying and selling to the Solana blockchain with its new token, cbBTC. Launched lately, cbBTC is...

Alameda Analysis's Former CEO Begins Jail Sentence for Function in FTX Collapse

Caroline Ellison, the previous CEO of Alameda Analysis and a key determine within the FTX fraud case, reported to a low-security federal jail in Connecticut to start serving her two-year sentence. Ellison's cooperation with prosecutors...

US Court docket Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Restoration

A U.S. district court docket has ordered FTX and Alameda Analysis to pay $12.7 billion to fraud victims as a consequence of their misuse of buyer funds and fraudulent practices. Ian McGinley, Director...

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