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FTX to begin repaying creditor claims over $50,000 starting May 30, 2025. The estate has amassed $11.4 billion in cash for distributions.
FTX is dealing with billions of fraudulent claims amid “27 quintillion” total submissions 😵
CEO John Ray III, who previously managed Enron’s dissolution, has been leading FTX’s asset recovery efforts. His team has reclaimed between $14.7 billion and $16.5 billion in assets by selling stakes in tech companies, real estate holdings, and digital currencies. 🙏🙂↕️
Did you konow? 🤔 ❓❓ #news #crypto Iranian officials embezzled $21 million worth of cryptocurrency 🤯 while investigating an exchange’s corruption case. Top interrogators of the Islamic Revolutionary Guard Corps #IRGC have been charged. More than $21 million worth of cryptocurrency was embezzled.
Blockchain evidence in the report showed that wallets controlled by Hajipour were processing more than $21 million worth of BRG, 😬 the platform’s native token. 🚨🚨
🚨🚨🚨 #BTC #newsdaily Analysts say Bitcoin’s more than 24% correction is just a temporary “shakeout” before the next bullish phase in the Bitcoin market cycle.🧐 But Bitcoin’s price is still 24% below its all-time high of $109,000 set on January 20, 2025, the day of US President Donald Trump’s 😵inauguration. 🚨🚨🚨