FTX customers who lost money during its collapse will get all their assets back, according to bankruptcy lawyers for the fallen firm.
But in a letter to the judge Wednesday, attorney Marc Mukasey said that a March 5 letter from debtors to the bankruptcy court indicated that “it appears more and more likely that FTX investors may be in position to recover 100 percent of their claims in the bankruptcy.” —Larry...
But in a letter to the judge Wednesday, attorney Marc Mukasey said that a March 5 letter from debtors to the bankruptcy court indicated that “it appears more and more likely that FTX investors may be in position to recover 100 percent of their c...
If the court dismisses the lawsuit, investors get 80% of their money back. Beyond that point, they either lose their investment if the plaintiffs lose the case, or they get between 2x and 3.5x returns, depending on the timeline of a settlement or judgment. The tokens themselve...
The collapse also caused a domino effect, with many investors liquidating their assets and several crypto exchanges filing for bankruptcy. The companies, due to “significant exposure” to FTX, took a page from their “biggest creditor’s” handbook and filed for Chapter 11. The latest...
Customers and creditors of bankrupt crypto exchange FTX who can prove their losses will likely get back all of their money, the company told the judge overseeing the insolvency case. Restructuring advisers will need to examine the millions of claims that have been filed against FTX to weed ...
Although VCs filled their pockets by dumping worthless tokens on retail investors during the last bull run,this time, they got burnt, particularly with Alameda and FTX. Institutionslost accredited investors' money. Pension fundslost savers' hard-earned cash. ...
funds also lost money on FTX. It takes a long time for these types of entities to get into a new asset class like Bitcoin and crypto, and an event like this caused them to pull the hand brake on their investment activities as they wait for the seas to calm and regulators to respond....
Cryptocurrency investors and firms in the UK are expressing frustration at being left behind their US counterparts, after US regulators approved several mainstream products that have made it easier than ever for the investing public to buy bitcoin. /jlne.ws/3JgEtzi Grayscale Bitcoin ETF Se...
The "Bitcoin Beautee" (2024): Xue Lee, known as "Sam Lee," and Brenda Chunga, known as the "Bitcoin Beautee," pleaded guilty for their involvement in a crypto pyramid scheme called "HyperFund," which pulled in more than $1.7 billion from investors worldwide. According to the SEC, fr...