ETH holders in FTX stand to gain $2.5k as repayments start Feb. 18
Traders who own Ethereum in their FTX holdings stand to gain back $2,500 as FTX repayments for its Bahamas creditors start this month. The FTX repayment plan, scheduled to start on Feb. 18, will repay creditors’ claims in full, including interests, through BitGo. However, customers will not be able to gain additional profit from current […]
FTX Bahamas repayments to start on Feb. 18
FTX has confirmed its readiness to begin repayments for Bahamas creditors this month, ahead of larger disbursements expected in Q1 2025. FTX Bahamas will start creditor repayments on Feb. 18 via BitGo, one of its distribution partners selected during bankruptcy restructuring hearings. Sunil Kavuri, a spokesperson for the largest FTX creditor group noted that individual […]
Crypto crash wipes out $2.2B—Worse than FTX and LUNA
Crypto traders betting on higher prices just got wrecked. Over $2.2B in liquidations hit the market as Bitcoin fell to $91K and Ethereum crashed 20% in 24 hours. Traders who were betting big on prices moving higher saw their positions forcefully liquidated as panic over Trump’s newly imposed tariffs on Canada, Mexico, and China triggered […]
Crypto must avoid FTX 2.0 in the next bull run
It’s time to prioritize governance, transparency and accountability — or we may face another catastrophic FTX-like collapse. Source link
FTX to begin distributing $1.2B to creditors after Trump inauguration
A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph. Source link
Kraken woos FTX victims with $50k fee-free trading incentive
Kraken is offering former FTX clients $50,000 in fee-free crypto trading incentives as part of its role in distributing funds following the collapse of the exchange. Cryptocurrency exchange Kraken is sweetening the deal for FTX victims in an effort to help them get back on their feet after the latter left hundreds of thousands of […]
Backpack addresses controversy over FTX EU acquisition and customer funds
Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU. Questions about the sale of FTX EU and who’s responsible for customer funds have sparked a response from Backpack Exchange, after the FTX estate’s statements left some confusion. The issue seems to be around conflicting claims about who owns FTX EU […]
Crypto exchange Backpack, founded by former FTX execs, acquires FTX EU
FTX alumni’s Backpack Exchange completes acquisition of FTX EU, set to launch MiFID II-regulated crypto products. Backpack, a crypto exchange founded by former FTX executives, has acquired FTX EU, the former European arm of FTX, as part of its expansion into the European market. The acquisition, approved by the FTX bankruptcy court and the Cyprus […]
Backpack Exchange acquires FTX EU, plans Q1 2025 launch
Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition. Source link
Celsius files new appeal against Judge order denying $444m claim on FTX damages
Defunct crypto lender Celsius Network has filed an appeal notice after Judge John Dorsey dismissed the firm’s claim on FTX damages worth around $444 million, according to FTX creditor activist. Court documents showed crypto lending platform has filed a notice of appeal challenging Judge John Dorsey’s ruling, which denied Celsius‘ claims for FTX damages worth […]
