FTXbankruptcy
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На слушании судья не согласилась с предложением юристов Sullivan & Cromwell (они представляют FTX Recovery Trust) ограничить выплаты кредиторам в некоторых странах.
Судья сказала, что делать это сейчас слишком рано. Законы могут измениться, и тогда такие ограничения будут несправедливы.
Юристы согласились пока не торопиться и подождать большей ясности. Они напомнили, что требования из «проблемных» стран пока не признаны и не войдут в ближайшие выплаты.
Судья подчеркнула, что кредиторы всё равно могут продавать свои требования или переносить их в другие юрисдикции, пока вопрос окончательно не решён.
Что это означает на практике
Если вы кредитор FTX, ваши требования не будут автоматически отклонены только из-за страны проживания.
Пока ситуация не ясна, можно продать свои требования или поменять юрисдикцию.
Для стран с «ограниченным доступом» выплаты задерживаются, но это может измениться в будущем.
Что дальше
следить за изменениями в законах,
привлечь независимых юристов для консультаций,
вернуться к этому вопросу позже, когда появится больше ясности.
#FTXbankruptcy #FTXAuction $SOL $FTT
Судья сказала, что делать это сейчас слишком рано. Законы могут измениться, и тогда такие ограничения будут несправедливы.
Юристы согласились пока не торопиться и подождать большей ясности. Они напомнили, что требования из «проблемных» стран пока не признаны и не войдут в ближайшие выплаты.
Судья подчеркнула, что кредиторы всё равно могут продавать свои требования или переносить их в другие юрисдикции, пока вопрос окончательно не решён.
Что это означает на практике
Если вы кредитор FTX, ваши требования не будут автоматически отклонены только из-за страны проживания.
Пока ситуация не ясна, можно продать свои требования или поменять юрисдикцию.
Для стран с «ограниченным доступом» выплаты задерживаются, но это может измениться в будущем.
Что дальше
следить за изменениями в законах,
привлечь независимых юристов для консультаций,
вернуться к этому вопросу позже, когда появится больше ясности.
#FTXbankruptcy #FTXAuction $SOL $FTT
FTX Restricted Jurisdiction - Latest Update
During the hearing, the Judge challenged Sullivan & Cromwell @sullcrom (representing the @FTX_Official Recovery Trust) on their attempt to advance a motion restricting distributions to certain jurisdictions.
The Judge argued it is too early to exclude valid claims only because of Restricted Jurisdictions, stressing that such measures should only be a last resort once the legal and regulatory framework becomes clearer. She emphasized that the law could evolve by the time the case concludes, making premature exclusions unfair.
Sullivan & Cromwell suggested they could proceed cautiously - acknowledging the court’s concerns - by waiting for further clarity, though they noted that for restricted jurisdictions, the claims remain not approved and will not be paid in the next distributions.
In the meantime, the Judge stated that creditors remain free to sell their claims or change jurisdictions while the issue is unresolved, given that any change in the law or the development of the case will take time.
The next steps will involve the Trust to monitor legal developments and hire external legal advisors to seek legal opinions before reconsidering the motion at a later, more appropriate stage.
#FTX #FTXbankruptcy $BTC $SOL $FTT
The Judge argued it is too early to exclude valid claims only because of Restricted Jurisdictions, stressing that such measures should only be a last resort once the legal and regulatory framework becomes clearer. She emphasized that the law could evolve by the time the case concludes, making premature exclusions unfair.
Sullivan & Cromwell suggested they could proceed cautiously - acknowledging the court’s concerns - by waiting for further clarity, though they noted that for restricted jurisdictions, the claims remain not approved and will not be paid in the next distributions.
In the meantime, the Judge stated that creditors remain free to sell their claims or change jurisdictions while the issue is unresolved, given that any change in the law or the development of the case will take time.
The next steps will involve the Trust to monitor legal developments and hire external legal advisors to seek legal opinions before reconsidering the motion at a later, more appropriate stage.
#FTX #FTXbankruptcy $BTC $SOL $FTT
🚾 FTX bankruptcy managers accused of extravagant spending
😡 FTX creditors have filed a lawsuit demanding stricter oversight of lawyers’ expenses during the cryptocurrency exchange’s bankruptcy proceedings.
Among the highlighted extravagant costs are repeated stays in five-star hotels in New York, Delaware, and Nassau, as well as inflated taxi expenses.
✅ For instance, a single lawyer from Alvarez & Marsal spent $1,733 on taxi rides in one week, while airfare costs reached up to $4,279 per trip.
#Ftx❓ #FTXbankruptcy #CryptoMarketDip #Write2Earn #CryptoNews
😡 FTX creditors have filed a lawsuit demanding stricter oversight of lawyers’ expenses during the cryptocurrency exchange’s bankruptcy proceedings.
Among the highlighted extravagant costs are repeated stays in five-star hotels in New York, Delaware, and Nassau, as well as inflated taxi expenses.
✅ For instance, a single lawyer from Alvarez & Marsal spent $1,733 on taxi rides in one week, while airfare costs reached up to $4,279 per trip.
#Ftx❓ #FTXbankruptcy #CryptoMarketDip #Write2Earn #CryptoNews
FTX to Repay Creditors $11.4B by May 2025: A Landmark Bankruptcy Payout
The bankrupt cryptocurrency exchange FTX has confirmed plans to repay its main creditors by May 30, 2025, marking one of the largest insolvency payouts in financial history. According to Bloomberg, the repayment will be made in cash, totaling $11.4 billion, drawn from the exchange’s reclaimed assets.
FTX’s Bankruptcy and Asset Recovery
FTX filed for Chapter 11 bankruptcy in November 2022 after founder Sam Bankman-Fried (SBF) was exposed for misappropriating client funds to cover losses at his hedge fund, Alameda Research. The collapse left over 1 million creditors trapped in one of the most notorious financial scandals in crypto history.
Since then, CEO John J. Ray III, known for overseeing Enron’s liquidation, has successfully recovered between $14.7 billion and $16.5 billion in assets. These include tech investments, real estate holdings, and digital assets, which benefited from Bitcoin’s surge in value.
FTX Creditors to Receive 119% Repayment
A court-approved restructuring plan, ratified in October 2024, ensures that creditors will receive 119% of their claims, an exceptional outcome in bankruptcy cases.
Smaller creditors with claims under $50,000 have already started receiving payments, with 98% of minor creditors expected to be fully compensated within two months of the repayment plan’s activation.
However, not all creditors are satisfied. Some have pushed for crypto-based repayments, citing Bitcoin’s substantial gains since 2022. However, U.S. Bankruptcy Judge John Dorsey has ruled that all reimbursements must be in cash, based on 2022 claim valuations.
What This Means for the Crypto Industry
FTX’s collapse exposed critical regulatory gaps in the crypto market, fueling global calls for stricter oversight to protect investors while balancing industry innovation.
The successful execution of this payout may restore confidence in crypto markets, reinforcing the need for better risk management in digital asset exchanges. However, for many creditors, the lack of crypto-denominated reimbursements remains a missed opportunity.
With Bankman-Fried sentenced to 25 years in prison and ordered to pay $11 billion in penalties, the saga of FTX’s collapse is nearing its final chapter—but its impact on the industry will be felt for years to come.
The post appeared first on CryptosNewss.com
#FTX #FTXbankruptcy $FTT
FTX’s Bankruptcy and Asset Recovery
FTX filed for Chapter 11 bankruptcy in November 2022 after founder Sam Bankman-Fried (SBF) was exposed for misappropriating client funds to cover losses at his hedge fund, Alameda Research. The collapse left over 1 million creditors trapped in one of the most notorious financial scandals in crypto history.
Since then, CEO John J. Ray III, known for overseeing Enron’s liquidation, has successfully recovered between $14.7 billion and $16.5 billion in assets. These include tech investments, real estate holdings, and digital assets, which benefited from Bitcoin’s surge in value.
FTX Creditors to Receive 119% Repayment
A court-approved restructuring plan, ratified in October 2024, ensures that creditors will receive 119% of their claims, an exceptional outcome in bankruptcy cases.
Smaller creditors with claims under $50,000 have already started receiving payments, with 98% of minor creditors expected to be fully compensated within two months of the repayment plan’s activation.
However, not all creditors are satisfied. Some have pushed for crypto-based repayments, citing Bitcoin’s substantial gains since 2022. However, U.S. Bankruptcy Judge John Dorsey has ruled that all reimbursements must be in cash, based on 2022 claim valuations.
What This Means for the Crypto Industry
FTX’s collapse exposed critical regulatory gaps in the crypto market, fueling global calls for stricter oversight to protect investors while balancing industry innovation.
The successful execution of this payout may restore confidence in crypto markets, reinforcing the need for better risk management in digital asset exchanges. However, for many creditors, the lack of crypto-denominated reimbursements remains a missed opportunity.
With Bankman-Fried sentenced to 25 years in prison and ordered to pay $11 billion in penalties, the saga of FTX’s collapse is nearing its final chapter—but its impact on the industry will be felt for years to come.
The post appeared first on CryptosNewss.com
#FTX #FTXbankruptcy $FTT
FTX Creditors Can Now Choose Payoneer for Post-Bankruptcy Payments
#FTXbankruptcy
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025.
FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday.
Key Takeaways:
FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts.
The Chapter 11 repayment plan aims to return up to $16.5 billion to former customers.
Analysts warn the payouts could introduce short-term crypto market volatility.
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025, according to a June 10 announcement.
The move is aimed at expanding payment accessibility as FTX proceeds with its bankruptcy repayment plan, which began its second major distribution, totaling over $5 billion, at the end of May.
FTX Repayment Plan Targets $16.5B in Customer Payouts Under Chapter 11
The broader repayment effort, part of the Chapter 11 reorganization, is expected to return between $14.7 billion and $16.5 billion to former customers.
Despite Payoneer’s reach across 93 jurisdictions, some users have voiced frustration on social media, saying their countries are still excluded from the list of eligible payout regions.
Others remain critical of FTX’s valuation methodology, which calculates payouts based on crypto prices at the time of the exchange’s collapse in November 2022, when bitcoin was worth just $17,583, compared to over $109,000 today.
On May 30, the FTX Trust began distributing $5 billion to eligible creditors who completed pre-distribution requirements, targeting both the Convenience and Non-Convenience Classes.
Under the plan, Dotcom Customer Entitlement Claims are set to receive a 72% distribution, while US Customer Entitlement Claims will see a 54% payout.
Convenience Claims will receive a full 120% reimbursement. General Unsecured Claims and Digital Asset Loan Claims are scheduled for a 61% distribution.
The FTX reimbursements are being closely watched by crypto investors, as large liquidity injections from these payouts could impact digital asset markets.
Analysts warn that if recipients choose to offload or swap their recovered funds on retail exchanges, it could introduce short-term price volatility.
This was the second major disbursement since FTX’s collapse. The first round of payments, totaling $1.2 billion, was distributed on February 18 to claimants with less than $50,000 in approved claims.
Sam Bankman-Fried’s Release Date Set for 2044
FTX founder Sam Bankman-Fried is now projected to be released from federal prison on December 14, 2044, after serving less than 21 years of his 25-year sentence for fraud tied to the FTX collapse.
He was also fined over $11 billion. Federal records confirm that Bankman-Fried has been moved from New York to a transfer facility in Oklahoma following nearly two years behind bars.
The move comes after Bankman-Fried was reportedly placed in solitary confinement earlier this month for giving an unauthorized interview to Tucker Carlson.
His incarceration began in August 2023, after Judge Lewis Kaplan revoked his bail due to allegations of witness tampering involving leaked diary entries from former Alameda CEO Caroline Ellison, who was a key witness in the case.
Follow 🔥 Stay tuned for more updates 🚀😍🚀
$BNB
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025.
FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday.
Key Takeaways:
FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts.
The Chapter 11 repayment plan aims to return up to $16.5 billion to former customers.
Analysts warn the payouts could introduce short-term crypto market volatility.
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025, according to a June 10 announcement.
The move is aimed at expanding payment accessibility as FTX proceeds with its bankruptcy repayment plan, which began its second major distribution, totaling over $5 billion, at the end of May.
FTX Repayment Plan Targets $16.5B in Customer Payouts Under Chapter 11
The broader repayment effort, part of the Chapter 11 reorganization, is expected to return between $14.7 billion and $16.5 billion to former customers.
Despite Payoneer’s reach across 93 jurisdictions, some users have voiced frustration on social media, saying their countries are still excluded from the list of eligible payout regions.
Others remain critical of FTX’s valuation methodology, which calculates payouts based on crypto prices at the time of the exchange’s collapse in November 2022, when bitcoin was worth just $17,583, compared to over $109,000 today.
On May 30, the FTX Trust began distributing $5 billion to eligible creditors who completed pre-distribution requirements, targeting both the Convenience and Non-Convenience Classes.
Under the plan, Dotcom Customer Entitlement Claims are set to receive a 72% distribution, while US Customer Entitlement Claims will see a 54% payout.
Convenience Claims will receive a full 120% reimbursement. General Unsecured Claims and Digital Asset Loan Claims are scheduled for a 61% distribution.
The FTX reimbursements are being closely watched by crypto investors, as large liquidity injections from these payouts could impact digital asset markets.
Analysts warn that if recipients choose to offload or swap their recovered funds on retail exchanges, it could introduce short-term price volatility.
This was the second major disbursement since FTX’s collapse. The first round of payments, totaling $1.2 billion, was distributed on February 18 to claimants with less than $50,000 in approved claims.
Sam Bankman-Fried’s Release Date Set for 2044
FTX founder Sam Bankman-Fried is now projected to be released from federal prison on December 14, 2044, after serving less than 21 years of his 25-year sentence for fraud tied to the FTX collapse.
He was also fined over $11 billion. Federal records confirm that Bankman-Fried has been moved from New York to a transfer facility in Oklahoma following nearly two years behind bars.
The move comes after Bankman-Fried was reportedly placed in solitary confinement earlier this month for giving an unauthorized interview to Tucker Carlson.
His incarceration began in August 2023, after Judge Lewis Kaplan revoked his bail due to allegations of witness tampering involving leaked diary entries from former Alameda CEO Caroline Ellison, who was a key witness in the case.
Follow 🔥 Stay tuned for more updates 🚀😍🚀
$BNB
FTX може відмовити у виплаті компенсацій на $800 млн клієнтам із 49 країн
Криптовалютна біржа FTX, що перебуває в процесі банкрутства, може заблокувати виплати компенсацій на суму близько $800 млн клієнтам із 49 країн через локальні обмеження на криптовалютну торгівлю. Таке рішення, оприлюднене у судових документах від 2 липня 2025 року, викликає суперечки серед інвесторів. Серед країн, що потрапили під обмеження, — Китай, РФ, Саудівська Аравія та Україна. Найбільше постраждали китайські користувачі, які становлять 82% усіх заморожених претензій, що еквівалентно сотням мільйонів доларів.
FTX Recovery Trust аргументує це рішення можливими юридичними ризиками, пов’язаними з порушенням місцевих законів, де криптовалюта заборонена або її поширення обмежене. Клієнти матимуть 45 днів на оскарження, інакше їхні активи можуть бути конфісковані. Експерти зазначають, що це рішення може підірвати довіру до міжнародних криптобірж, особливо враховуючи, що багато інвесторів уже втратили кошти через колапс FTX у 2022 році.
Ситуація підкреслює складність глобального регулювання криптовалют і різницю в законодавстві. Поки частина кредиторів уже отримала компенсації, користувачі з обмежених юрисдикцій залишаються в невизначеності.
Стежте за новинами криптосвіту! Підписуйтесь на #MiningUpdates , щоб отримувати свіжі оновлення про майнінг, регулювання та тренди.
#FTXBankruptcy #CryptoRegulation #BlockchainNews #CryptoCompensation #FTXScandal #MiningUpdates
FTX Recovery Trust аргументує це рішення можливими юридичними ризиками, пов’язаними з порушенням місцевих законів, де криптовалюта заборонена або її поширення обмежене. Клієнти матимуть 45 днів на оскарження, інакше їхні активи можуть бути конфісковані. Експерти зазначають, що це рішення може підірвати довіру до міжнародних криптобірж, особливо враховуючи, що багато інвесторів уже втратили кошти через колапс FTX у 2022 році.
Ситуація підкреслює складність глобального регулювання криптовалют і різницю в законодавстві. Поки частина кредиторів уже отримала компенсації, користувачі з обмежених юрисдикцій залишаються в невизначеності.
Стежте за новинами криптосвіту! Підписуйтесь на #MiningUpdates , щоб отримувати свіжі оновлення про майнінг, регулювання та тренди.
#FTXBankruptcy #CryptoRegulation #BlockchainNews #CryptoCompensation #FTXScandal #MiningUpdates
🚨 FTX Repayments Set for May 30 – But There’s a Catch! 💸💥
FTX creditors, mark your calendars—the collapsed exchange is set to begin major repayments on May 30. However, there’s a big downside:
🔹 BTC claims are worth only 20% of market price! 😱
🔹 Many creditors will receive far less than expected due to outdated valuation methods.
🔹 This raises questions about fair compensation and the handling of crypto bankruptcies.
📉 Are creditors getting a raw deal, or is this the best possible outcome? Let’s discuss! 👇
#FTXbankruptcy #BitcoinETFs #CryptoRepayments #FTXScandal #TodaysCryptoNews
FTX creditors, mark your calendars—the collapsed exchange is set to begin major repayments on May 30. However, there’s a big downside:
🔹 BTC claims are worth only 20% of market price! 😱
🔹 Many creditors will receive far less than expected due to outdated valuation methods.
🔹 This raises questions about fair compensation and the handling of crypto bankruptcies.
📉 Are creditors getting a raw deal, or is this the best possible outcome? Let’s discuss! 👇
#FTXbankruptcy #BitcoinETFs #CryptoRepayments #FTXScandal #TodaysCryptoNews
BREAKING: FTX HAVE STARTED DISTRIBUTION OF $16 BILLION TO ITS CREDITORS.
BREAKING: FTX HAVE STARTED DISTRIBUTION
OF $16 BILLION TO ITS CREDITORS. $BNB
$BTC
$ETH
IS MEGA PUMP COMING?
#FTXAuction #FTXbankruptcy #ftxpayback #CryptoNewsCommunity
OF $16 BILLION TO ITS CREDITORS. $BNB
$BTC
$ETH
IS MEGA PUMP COMING?
#FTXAuction #FTXbankruptcy #ftxpayback #CryptoNewsCommunity
#FTXrepayment
🚨 FTX Repayment Update – Creditors Begin to Receive Funds! 💰
FTX has officially started repaying its creditors after receiving court approval for its bankruptcy plan. This marks a major milestone in the exchange’s collapse and recovery process.
📌 Key Updates:
✅ February 18, 2025 – First round of repayments began, targeting creditors with claims under $50,000 (the "Convenience Class"), distributing $1.2 billion.
✅ May 30, 2025 – Next phase for creditors with claims above $50,000.
✅ Total Repayment – Estimated between $14.5 billion and $16.5 billion.
✅ Creditor Recovery – 98% of creditors expected to be repaid, with at least 118% of their claim value in cash.
⚖️ Disclaimer: This update is for informational purposes only and does not constitute financial or legal advice. Please consult official sources or legal professionals for accurate details on your claim.
FTX’s repayment plan is being closely monitored as it plays a crucial role in the broader crypto market recovery. What are your thoughts? Share in the comments! 👇
#FTX
#FTXbankruptcy $BNB
🚨 FTX Repayment Update – Creditors Begin to Receive Funds! 💰
FTX has officially started repaying its creditors after receiving court approval for its bankruptcy plan. This marks a major milestone in the exchange’s collapse and recovery process.
📌 Key Updates:
✅ February 18, 2025 – First round of repayments began, targeting creditors with claims under $50,000 (the "Convenience Class"), distributing $1.2 billion.
✅ May 30, 2025 – Next phase for creditors with claims above $50,000.
✅ Total Repayment – Estimated between $14.5 billion and $16.5 billion.
✅ Creditor Recovery – 98% of creditors expected to be repaid, with at least 118% of their claim value in cash.
⚖️ Disclaimer: This update is for informational purposes only and does not constitute financial or legal advice. Please consult official sources or legal professionals for accurate details on your claim.
FTX’s repayment plan is being closely monitored as it plays a crucial role in the broader crypto market recovery. What are your thoughts? Share in the comments! 👇
#FTX
#FTXbankruptcy $BNB
US Court Rules FTX Doesn’t Have to Refund Users in Certain Countries 😂😂😂
#FTXbankruptcy
#Ftx❓
#TGblockchain
#FTXbankruptcy
#Ftx❓
#TGblockchain
BREAKING!
An estimated 400,000 users of the cryptocurrency exchange #FTX are at risk of losing a total of $2.5 billion in repayments.
This is due to a potential security breach that could have exposed private keys, which are needed to access and transfer funds on the exchange.
FTX has stated that they have taken steps to prevent any unauthorized access and are working to secure the affected accounts.
However, users are advised to change their passwords and enable two-factor authentication as a precaution.
#cryptoNews #crypto #FTXbankruptcy
An estimated 400,000 users of the cryptocurrency exchange #FTX are at risk of losing a total of $2.5 billion in repayments.
This is due to a potential security breach that could have exposed private keys, which are needed to access and transfer funds on the exchange.
FTX has stated that they have taken steps to prevent any unauthorized access and are working to secure the affected accounts.
However, users are advised to change their passwords and enable two-factor authentication as a precaution.
#cryptoNews #crypto #FTXbankruptcy
FTX refunding starting tomorrow 18/02 , could kickstart a price up rally?
#CryptoLovesLiquidity
#FTXbankruptcy
FTX is set to begin refunding small creditors on February 18, 2025, marking a significant milestone in its bankruptcy proceedings. Creditors with approved claims of $50,000 or less will receive full repayment, including 9% annual interest from November 11, 2022, the date of FTX's bankruptcy filing. These funds will be distributed through verified BitGo accounts linked to the claimants' registered email addresses.
Analysts estimate that approximately $2.4 billion could re-enter the cryptocurrency market following these repayments. This influx of capital has the potential to inject liquidity into the market, possibly influencing the prices of major cryptocurrencies. However, it's important to note that a portion of the claims, about $3.9 billion, has been acquired by credit funds, which may not reinvest in crypto assets. Additionally, around 33% of the remaining claims are associated with sanctioned countries or individuals lacking proper verification, which could affect the overall impact on the market.
While the repayments may provide a temporary boost in liquidity, the long-term effect on the cryptocurrency market will depend on various factors, including how recipients choose to utilize their refunded assets and broader market conditions.
#FTXbankruptcy
FTX is set to begin refunding small creditors on February 18, 2025, marking a significant milestone in its bankruptcy proceedings. Creditors with approved claims of $50,000 or less will receive full repayment, including 9% annual interest from November 11, 2022, the date of FTX's bankruptcy filing. These funds will be distributed through verified BitGo accounts linked to the claimants' registered email addresses.
Analysts estimate that approximately $2.4 billion could re-enter the cryptocurrency market following these repayments. This influx of capital has the potential to inject liquidity into the market, possibly influencing the prices of major cryptocurrencies. However, it's important to note that a portion of the claims, about $3.9 billion, has been acquired by credit funds, which may not reinvest in crypto assets. Additionally, around 33% of the remaining claims are associated with sanctioned countries or individuals lacking proper verification, which could affect the overall impact on the market.
While the repayments may provide a temporary boost in liquidity, the long-term effect on the cryptocurrency market will depend on various factors, including how recipients choose to utilize their refunded assets and broader market conditions.
FTX Challenges $1.53B Claim from Three Arrows Capital
#FTX has filed a strong objection to a $1.53 billion claim by 3AC’s liquidators, stating the hedge fund’s losses were self-inflicted due to high-risk trading—not FTX’s actions. The legal filing disputes the account balance calculations and defends a prior $82M liquidation as contractually justified. A hearing is set for August 12. #CryptoNews #3AC #FTXbankruptcy
#FTX has filed a strong objection to a $1.53 billion claim by 3AC’s liquidators, stating the hedge fund’s losses were self-inflicted due to high-risk trading—not FTX’s actions. The legal filing disputes the account balance calculations and defends a prior $82M liquidation as contractually justified. A hearing is set for August 12. #CryptoNews #3AC #FTXbankruptcy
In the news
-Fresh Ftx money incoming
-First round Russia-Usa talks about peace in Ukraine finished
-Texas talks about $BTC reserves
$BTC #FTXbankruptcy #FTX
-Fresh Ftx money incoming
-First round Russia-Usa talks about peace in Ukraine finished
-Texas talks about $BTC reserves
$BTC #FTXbankruptcy #FTX
MARKET MOVING NEWS
🔔 MARKET MOVING NEWS! (02/01/25)
1️⃣ Illegal Crypto Ads Prevail In UK Despite FCA Warning
According to a Financial Times report, illegal crypto ads continue to appear in the United Kingdom (U.K.) despite the fact that the U.K.’s Financial Conduct Authority (FCA) is asking crypto projects to remove their advertisements targeting the country. The report states that only 54% of the 1,702 alerts issued by the FCA between October 2023 and October 2024 ended in illegal crypto ads being taken down. The FCA has yet to penalise the remaining companies that failed to remove crypto ads violating its rules.
2️⃣ Elon Musk’s Bizarre Name Change On X Turns Trader’s $66 Into $3M Profit 🕯
According to blockchain analytics firm Lookonchain, one lucky memecoin trader managed to turn $66 into almost $3 million in just 18 days after they bought a meme based on Tesla founder Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme. Specifically, onchain data shows that the trader bought 10.17 million Kekius Maximus (KEKIUS) tokens on Dec. 14. They then sold 2.81 million KEKIUS tokens for 60.3 ETH on Jan. 1 while holding the rest, making an eye-popping 45,900-fold paper gain.
#ElonMuskTwitter
3️⃣ Celsius To Appeal Order That Disallowed Its $444M Claim Against FTX 🔍
Defunct crypto lending platform Celsius has reportedly filed a notice of appeal against a court order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case. For context, Celsius had filed two claims that sought to claw back hundreds of millions from FTX. The first claim sought $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. The second claim, which was a revised version of the first claim, sought damages of $444 million by focusing on “preferential transfers” that gave special treatment to some creditors and not others. However, Judge John T. Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim were insufficient to preserve their preference claims. The appeal now seeks to reverse Judge John T. Dorsey’s order.
#FTXbankruptcy
4️⃣ Floki DAO Approves ETP Funding In Unanimous Vote ‼️
According to a Cointelegraph report, the Floki DAO has unanimously voted to use a portion of the FLOKI tokens present in its community buyback wallet as liquidity for the upcoming Floki exchange-traded product (ETP) in Europe. The ETP will reportedly go live on the SIX Swiss Exchange in the first quarter of 2025. Notably, the SIX Swiss Exchange is the largest stock exchange in Switzerland and the third largest stock exchange in Europe. A spokesperson for Floki said the ETP listing would add legitimacy to the community-driven memecoin.
5️⃣ Uniswap Teases V4 Is ‘Coming Soon’ After Missing Its Q3 Target Last Year ❓
Decentralised exchange Uniswap reportedly posted an image teasing the imminent release of Uniswap v4. Specifically, the image made with unicode showed the year 2025 with the caption “v4 is coming soon.” However, it didn’t indicate when it will be launched this year. Notably, this “teaser” comes after the DEX missed its earlier target of Q3 2024 for the launch of v4.
Uniswap v4 is expected to introduce new key features such as Hooks, which will allow developers to execute custom code before and after swaps. This will enable additional functionality like limit orders, custom oracles, fee management and automated liquidity management. It will also include dynamic fees, gas savings, flash accounting, native ETH support and multiple pool types.
#Uniswap’s
6️⃣ Memecoin Launcher Pump.Fun's Deposits To Crypto Exchange Kraken Surpass $300 Million ☄️
According to onchain analytics firm Lookonchain, the memecoin launchpad Pump.fun moved 120,000 SOL (worth about $15 million) to crypto exchange Kraken on Jan. 1st. The latest deposit brings pump.fun’s total deposits to Kraken at 1,500,893 SOL (worth over $300 million). The post noted that pump.fun has sold 264,373 SOL for 41.64 million USDC. Lookonchain also reported that the memecoin launchpad has earned 2,016,391 SOL tokens to date, pushing its total revenue to nearly $398 million.
#Crypto2025Trands #CryptoAMA
1️⃣ Illegal Crypto Ads Prevail In UK Despite FCA Warning
According to a Financial Times report, illegal crypto ads continue to appear in the United Kingdom (U.K.) despite the fact that the U.K.’s Financial Conduct Authority (FCA) is asking crypto projects to remove their advertisements targeting the country. The report states that only 54% of the 1,702 alerts issued by the FCA between October 2023 and October 2024 ended in illegal crypto ads being taken down. The FCA has yet to penalise the remaining companies that failed to remove crypto ads violating its rules.
2️⃣ Elon Musk’s Bizarre Name Change On X Turns Trader’s $66 Into $3M Profit 🕯
According to blockchain analytics firm Lookonchain, one lucky memecoin trader managed to turn $66 into almost $3 million in just 18 days after they bought a meme based on Tesla founder Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme. Specifically, onchain data shows that the trader bought 10.17 million Kekius Maximus (KEKIUS) tokens on Dec. 14. They then sold 2.81 million KEKIUS tokens for 60.3 ETH on Jan. 1 while holding the rest, making an eye-popping 45,900-fold paper gain.
#ElonMuskTwitter
3️⃣ Celsius To Appeal Order That Disallowed Its $444M Claim Against FTX 🔍
Defunct crypto lending platform Celsius has reportedly filed a notice of appeal against a court order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case. For context, Celsius had filed two claims that sought to claw back hundreds of millions from FTX. The first claim sought $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. The second claim, which was a revised version of the first claim, sought damages of $444 million by focusing on “preferential transfers” that gave special treatment to some creditors and not others. However, Judge John T. Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim were insufficient to preserve their preference claims. The appeal now seeks to reverse Judge John T. Dorsey’s order.
#FTXbankruptcy
4️⃣ Floki DAO Approves ETP Funding In Unanimous Vote ‼️
According to a Cointelegraph report, the Floki DAO has unanimously voted to use a portion of the FLOKI tokens present in its community buyback wallet as liquidity for the upcoming Floki exchange-traded product (ETP) in Europe. The ETP will reportedly go live on the SIX Swiss Exchange in the first quarter of 2025. Notably, the SIX Swiss Exchange is the largest stock exchange in Switzerland and the third largest stock exchange in Europe. A spokesperson for Floki said the ETP listing would add legitimacy to the community-driven memecoin.
5️⃣ Uniswap Teases V4 Is ‘Coming Soon’ After Missing Its Q3 Target Last Year ❓
Decentralised exchange Uniswap reportedly posted an image teasing the imminent release of Uniswap v4. Specifically, the image made with unicode showed the year 2025 with the caption “v4 is coming soon.” However, it didn’t indicate when it will be launched this year. Notably, this “teaser” comes after the DEX missed its earlier target of Q3 2024 for the launch of v4.
Uniswap v4 is expected to introduce new key features such as Hooks, which will allow developers to execute custom code before and after swaps. This will enable additional functionality like limit orders, custom oracles, fee management and automated liquidity management. It will also include dynamic fees, gas savings, flash accounting, native ETH support and multiple pool types.
#Uniswap’s
6️⃣ Memecoin Launcher Pump.Fun's Deposits To Crypto Exchange Kraken Surpass $300 Million ☄️
According to onchain analytics firm Lookonchain, the memecoin launchpad Pump.fun moved 120,000 SOL (worth about $15 million) to crypto exchange Kraken on Jan. 1st. The latest deposit brings pump.fun’s total deposits to Kraken at 1,500,893 SOL (worth over $300 million). The post noted that pump.fun has sold 264,373 SOL for 41.64 million USDC. Lookonchain also reported that the memecoin launchpad has earned 2,016,391 SOL tokens to date, pushing its total revenue to nearly $398 million.
#Crypto2025Trands #CryptoAMA
Vụ FTX và những khoản chi tiêu xa xỉ khiến chủ nợ bức xúc
Trong khi các chủ nợ của FTX gánh chịu thiệt hại nặng nề, đội ngũ quản lý phá sản lại bị phát hiện vung tiền không tiếc tay cho những khoản xa xỉ, gây phẫn nộ trong cộng đồng.
- Tiền khách sạn sang chảnh: Đội ngũ này thường lưu trú tại các khách sạn 5 sao như Hotel Du Pont, Grand Hyatt, với một đêm ở New York lên tới 971,74 USD.
- Tiền taxi quá lố: Một chuyên gia chi 1.733 USD cho taxi chỉ trong một tuần. Thậm chí, một chuyến đi 5 phút từ khách sạn đến tòa án cũng tiêu tốn 151,33 USD. Đỉnh điểm là 2.683 USD để thuê taxi chờ CEO John Ray, trong buổi lấy lời khai.
- Vé máy bay hạng thương gia: Các chuyến bay của họ có giá tới 4.279 USD mỗi lượt, tất cả đều lấy từ quỹ phá sản.
Những khoản chi này bị cho là lãng phí trắng trợn, làm tăng thêm sự phẫn nộ của các chủ nợ – những người vẫn đang hóng chờ từng ngày để nhận lại đền bù từ FTX.
Hiện tại, FTX đang trong giai đoạn chờ các chủ nợ hoàn tất các thủ tục cần thiết (KYC, biểu mẫu thuế, đăng ký đơn vị phân phối,...) trước hạn chót ngày 20/01/2025. Sau khi hoàn tất, dự kiến các khoản nợ dưới $50K sẽ được hoàn trả trong vòng 60 ngày.
#FTXbankruptcy #Ftx❓
$BTC
Trong khi các chủ nợ của FTX gánh chịu thiệt hại nặng nề, đội ngũ quản lý phá sản lại bị phát hiện vung tiền không tiếc tay cho những khoản xa xỉ, gây phẫn nộ trong cộng đồng.
- Tiền khách sạn sang chảnh: Đội ngũ này thường lưu trú tại các khách sạn 5 sao như Hotel Du Pont, Grand Hyatt, với một đêm ở New York lên tới 971,74 USD.
- Tiền taxi quá lố: Một chuyên gia chi 1.733 USD cho taxi chỉ trong một tuần. Thậm chí, một chuyến đi 5 phút từ khách sạn đến tòa án cũng tiêu tốn 151,33 USD. Đỉnh điểm là 2.683 USD để thuê taxi chờ CEO John Ray, trong buổi lấy lời khai.
- Vé máy bay hạng thương gia: Các chuyến bay của họ có giá tới 4.279 USD mỗi lượt, tất cả đều lấy từ quỹ phá sản.
Những khoản chi này bị cho là lãng phí trắng trợn, làm tăng thêm sự phẫn nộ của các chủ nợ – những người vẫn đang hóng chờ từng ngày để nhận lại đền bù từ FTX.
Hiện tại, FTX đang trong giai đoạn chờ các chủ nợ hoàn tất các thủ tục cần thiết (KYC, biểu mẫu thuế, đăng ký đơn vị phân phối,...) trước hạn chót ngày 20/01/2025. Sau khi hoàn tất, dự kiến các khoản nợ dưới $50K sẽ được hoàn trả trong vòng 60 ngày.
#FTXbankruptcy #Ftx❓
$BTC
【水哥話題】憑甚麼不還錢？「中國債主組團抗議」FTX：還錢怕坐牢啊！
水哥最近留意到FTX這出破產大戲，又添新劇情了！立馬給兄弟們分享一下。這次是關於「還錢地圖」，FTX管家團隊（資產方）最近舉手說：「報告法官！有些國家的法律太凶，我們不敢給那邊的債主打錢，怕負責人被抓去唱《鐵窗淚》！」
中國債主代表拍桌而起：
一位名叫紀偉偉「Weiwei Ji」的債主大哥（雖然住新加坡，但拿中國護照）代表自己和身後約300人的「中國討債天團」第一個跳出來反對：「這不公平！」
紀老哥的主要論點也很接地氣：
1. 錢就是錢，美元它不香嗎？「和解方案還的是真金白銀的美元！這東西是全球通用，合法合規，又不是塞給你比特幣讓你回家自己挖礦！」
2. 我的虛擬財產也是財產！再說了，中國法律都說了，數字資產算「個人財產」我家的鍋碗瓢盆是財產，我賬戶里的幣就不是了？
3. 我們可是乖寶寶！紀老哥委屈巴巴：「我家四個賬號，KYC（實名認證）做得妥妥帖帖，索賠超1500萬美金！該走的流程一步沒落。現在你們動動嘴皮子就想把我們踢出分錢群？太任性了吧！」
FTX管家為甚麼慫了？
原來，FTX管家團隊在7月初遞了個小紙條給法院，列出了 49個「高危地區」名單（包括中國、俄羅斯、埃及、阿富汗等）。
理由很嚇人：「法官大人！不是我們不想還，是真不敢啊！往這些地方打錢，萬一觸犯了當地「反加密大法」，我們信託的小弟們（董事高管）輕則被罰到傾家蕩產，重則可能要喜提「摩洛哥監獄深度體驗券」（含免費勞動）啊！」
他們還特意點名了摩爾多瓦：「在那兒，搞虛擬資產服務？主業務不行，副業兼職也不行！逮住就是刑事犯罪！」
目前進展：
法院正在圍觀這場「給還是不給還」的辯論賽。FTX其實已經開閘還錢了，先從「便利小債主」開始試水。但還錢標準是按 2022年11月（FTX暴雷那天）的幣價折算成美元，這操作讓不少債主直翻白眼：「幣價都漲上天了，你按地板價還？」😂
水哥總結💦：一邊是怕坐牢的管家，一邊是舉著法律條文和美元喊「還錢」的中國債主天團。
這出跨國討債大戲，看來還得在法院裡多演幾集。吃瓜群眾（水哥）表示：「板凳已備好，就看美元最後能不能突破【法律封鎖線】了！ 」$BTC $SUI #FTX #FTXAuction #FTXbankruptcy
中國債主代表拍桌而起：
一位名叫紀偉偉「Weiwei Ji」的債主大哥（雖然住新加坡，但拿中國護照）代表自己和身後約300人的「中國討債天團」第一個跳出來反對：「這不公平！」
紀老哥的主要論點也很接地氣：
1. 錢就是錢，美元它不香嗎？「和解方案還的是真金白銀的美元！這東西是全球通用，合法合規，又不是塞給你比特幣讓你回家自己挖礦！」
2. 我的虛擬財產也是財產！再說了，中國法律都說了，數字資產算「個人財產」我家的鍋碗瓢盆是財產，我賬戶里的幣就不是了？
3. 我們可是乖寶寶！紀老哥委屈巴巴：「我家四個賬號，KYC（實名認證）做得妥妥帖帖，索賠超1500萬美金！該走的流程一步沒落。現在你們動動嘴皮子就想把我們踢出分錢群？太任性了吧！」
FTX管家為甚麼慫了？
原來，FTX管家團隊在7月初遞了個小紙條給法院，列出了 49個「高危地區」名單（包括中國、俄羅斯、埃及、阿富汗等）。
理由很嚇人：「法官大人！不是我們不想還，是真不敢啊！往這些地方打錢，萬一觸犯了當地「反加密大法」，我們信託的小弟們（董事高管）輕則被罰到傾家蕩產，重則可能要喜提「摩洛哥監獄深度體驗券」（含免費勞動）啊！」
他們還特意點名了摩爾多瓦：「在那兒，搞虛擬資產服務？主業務不行，副業兼職也不行！逮住就是刑事犯罪！」
目前進展：
法院正在圍觀這場「給還是不給還」的辯論賽。FTX其實已經開閘還錢了，先從「便利小債主」開始試水。但還錢標準是按 2022年11月（FTX暴雷那天）的幣價折算成美元，這操作讓不少債主直翻白眼：「幣價都漲上天了，你按地板價還？」😂
水哥總結💦：一邊是怕坐牢的管家，一邊是舉著法律條文和美元喊「還錢」的中國債主天團。
這出跨國討債大戲，看來還得在法院裡多演幾集。吃瓜群眾（水哥）表示：「板凳已備好，就看美元最後能不能突破【法律封鎖線】了！ 」$BTC $SUI #FTX #FTXAuction #FTXbankruptcy
FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange’s implosion nearly three years ago.
#ftx #FTXbankruptcy #Ftx❓ #FTXAuction
#ftx #FTXbankruptcy #Ftx❓ #FTXAuction
🔥📊🚨🚨MARKET MOVING NEWS 🗞️ 🔥
🔔 MARKET MOVING NEWS! (20/09/25
1️⃣ FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month 👀 #FTXbankruptcy
Bankrupt crypto exchange FTX is set to distribute $1.6 billion to creditors on September 30 as part of its third repayment phase in the ongoing bankruptcy proceedings. The repayments, overseen by recovery lawyer John J. Ray III, will cover 78% to 120% of creditors' holdings at the time of collapse and be handled via platforms like Bitgo, Kraken, and Payoneer.
2️⃣ Grayscale Officially Launches GDLC, The First Index-Based Spot Crypto ETF ▶️ #GDLC
#Grayscale
Asset manager Grayscale has officially launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first index-based spot crypto ETF in the U.S. The fund, developed by CoinDesk Markets and rebalanced quarterly, provides exposure to top cryptocurrencies including Bitcoin (73% weighting), Ethereum (17%), Solana, XRP, and Cardano. It was converted from an over-the-counter product following SEC approval in July, with the process briefly paused before resuming under new SEC Chair Paul Atkins. Grayscale CEO Peter Mintzberg described the launch as a milestone in their commitment to transparent crypto exposure.
3️⃣ CZ's Family Office YZi Labs 'Deepens' Support Of Ethena Labs, Weeks After Binance Adds USDe Integrations 💰
YZi Labs, the family office of former Binance CEO Changpeng Zhao (CZ), is reportedly increasing its investment in Ethena Labs, the developer of the USDe synthetic dollar. Notably, this comes shortly after Binance announced it would integrate USDe as a spot trading pair and yield-bearing collateral asset for derivatives traders on the platform. It also comes as Ethena plans to expand on BNB Chain with new money markets, integrations, and partnerships. Though financial details of the increased stake remain undisclosed, YZi notes that "on the product front," its support will enable Ethena to "further drive USDe adoption across both CEXs and DeFi" and advance its USDtb stablecoin backed by BlackRock’s BUIDL fund.
4️⃣ U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations ‼️
The U.S. Treasury Department has advanced the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by issuing an advance notice of proposed rulemaking yesterday. Notably, this opens a one-month public comment period ending October 20, 2025. For context, an "advance notice of proposed rulemaking" is a preliminary step taken to gather information that will be used to put together an actual proposal. In this case, the government seeks industry input on key areas like sanctions compliance, anti-money laundering, tax treatments, reserve asset custody, and state-federal oversight balance.
5️⃣ Sky Opens Vote To Penalise Stragglers Delaying MKR-To-SKY Token Conversion
DeFi protocol Sky (formerly MakerDAO) has reportedly opened a governance vote proposing a 1% "Delayed Upgrade Penalty" on MKR-to-SKY token conversions starting September 22. The proposal states that the tax would increase by 1% every three months to incentivise the remaining 19% of MKR holders (about 176,070 MKR worth over $316 million) to convert amid the ongoing rebrand from MakerDAO. This follows the Endgame overhaul, where 81% of MKR has already upgraded at a 1:24,000 ratio, and aims to simplify governance by eliminating parallel tokens, with conversions before the deadline exempt from fees
1️⃣ FTX to Dispense $1.6 Billion in Bankruptcy Repayments This Month 👀 #FTXbankruptcy
Bankrupt crypto exchange FTX is set to distribute $1.6 billion to creditors on September 30 as part of its third repayment phase in the ongoing bankruptcy proceedings. The repayments, overseen by recovery lawyer John J. Ray III, will cover 78% to 120% of creditors' holdings at the time of collapse and be handled via platforms like Bitgo, Kraken, and Payoneer.
2️⃣ Grayscale Officially Launches GDLC, The First Index-Based Spot Crypto ETF ▶️ #GDLC
#Grayscale
Asset manager Grayscale has officially launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first index-based spot crypto ETF in the U.S. The fund, developed by CoinDesk Markets and rebalanced quarterly, provides exposure to top cryptocurrencies including Bitcoin (73% weighting), Ethereum (17%), Solana, XRP, and Cardano. It was converted from an over-the-counter product following SEC approval in July, with the process briefly paused before resuming under new SEC Chair Paul Atkins. Grayscale CEO Peter Mintzberg described the launch as a milestone in their commitment to transparent crypto exposure.
3️⃣ CZ's Family Office YZi Labs 'Deepens' Support Of Ethena Labs, Weeks After Binance Adds USDe Integrations 💰
YZi Labs, the family office of former Binance CEO Changpeng Zhao (CZ), is reportedly increasing its investment in Ethena Labs, the developer of the USDe synthetic dollar. Notably, this comes shortly after Binance announced it would integrate USDe as a spot trading pair and yield-bearing collateral asset for derivatives traders on the platform. It also comes as Ethena plans to expand on BNB Chain with new money markets, integrations, and partnerships. Though financial details of the increased stake remain undisclosed, YZi notes that "on the product front," its support will enable Ethena to "further drive USDe adoption across both CEXs and DeFi" and advance its USDtb stablecoin backed by BlackRock’s BUIDL fund.
4️⃣ U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations ‼️
The U.S. Treasury Department has advanced the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by issuing an advance notice of proposed rulemaking yesterday. Notably, this opens a one-month public comment period ending October 20, 2025. For context, an "advance notice of proposed rulemaking" is a preliminary step taken to gather information that will be used to put together an actual proposal. In this case, the government seeks industry input on key areas like sanctions compliance, anti-money laundering, tax treatments, reserve asset custody, and state-federal oversight balance.
5️⃣ Sky Opens Vote To Penalise Stragglers Delaying MKR-To-SKY Token Conversion
DeFi protocol Sky (formerly MakerDAO) has reportedly opened a governance vote proposing a 1% "Delayed Upgrade Penalty" on MKR-to-SKY token conversions starting September 22. The proposal states that the tax would increase by 1% every three months to incentivise the remaining 19% of MKR holders (about 176,070 MKR worth over $316 million) to convert amid the ongoing rebrand from MakerDAO. This follows the Endgame overhaul, where 81% of MKR has already upgraded at a 1:24,000 ratio, and aims to simplify governance by eliminating parallel tokens, with conversions before the deadline exempt from fees
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