The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets. The court also approved $1.3 billion in brokerage and government-recovered assets as ...
Related:FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ In bankruptcy court, a federal judgeapproved a reorganization planin October that may allow FTX’s debtors to repay 98% of users about 119% of their claimed account value. The scheme would reimburse the exchange’s customers ...
Meanwhile, Dapper Labs is facing a lawsuit arguing that it breached security laws. What are the tax implications with NFTs? While collectibles, including NFTs, are increasingly thought of as investments, they often come with unenviable tax burdens. The long-term tax rate on collectibles—those hel...
The entrepreneur Elon Musk is a Dogecoin enthusiast and has publicly – and controversially – backed the currency to the extent that he was accused of manipulating its prices. Musk now faces a $258 billion lawsuit in a Manhattan court over claims that his social media promotion of ...
Bitcoin is the largest and oldest cryptocurrency, although other assets like Ethereum, Tether and Dogecoin have gained popularity over the years. Some investors see cryptocurrency as a "digital alternative" to traditional money — but it can be very volatile, with its price reliant on larger ...
Celebrities like Matt Damon and Tom Brady have been advocates for cryptocurrency, with the latternamed as a defendantin a lawsuit against the infamous FTX crypto hedge fund. Alas, FTX and the downfall of owner Sam Bankman-Fried is only one of many recent fraudulent scams involving cryptocurrency...
Uniquely, all of the major projects mentioned have been leadingProof-of-Stake cryptocurrencies. Solana Technical Price Analysis: The Good, the Bad & the Ugly Amid the worst hit is Solana, which endured ashocking -18.32% dumpin the aftermath of the ne...
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U.S.-based crypto traders could only access partner entity FTX US—a registered money services business (MSB) withFinCEN.In October 2021, FTX US completed itsacquisitionof cryptocurrency derivatives exchange platform LedgerX, rebranding it as FTX US Derivatives. FTX US Derivatives is licensed as a ...
The swift demise of cryptocurrency exchange FTX in 2022 had damaging domino effects on the cryptocurrency industry, stoking widespread mistrust among the public and toppling cryptocurrency services that did business with it. At the time, FTX was the third-largest crypto exchange, widely regarded as o...