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FTX on track to rollout repayment plan in January 2025

FTX and its affiliated debtors announced they are on track to implement their Chapter 11 Plan of Reorganization by Jan. 2025, which will set distributions for creditors and customers.  According to the timeline shared in the firm’s announcement, the final arrangements with specialized distribution agents will be completed in December, allowing customers in supported jurisdictions […] The post FTX on track to rollout repayment plan in January 2025 appeared first on CryptoSlate. дальше »

2024-11-22 05:00


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Summer.fi Announces Launch of $RAYS Points to Reward User Engagement

The DeFi platform Summer.fi has unveiled $RAYS, a novel points-based incentive system. This program aims to boost user engagement with the Summer.fi app and its affiliated protocols. The $RAYS reward structure is divided into three main stages: 1: Retroactive Participation A snapshot occurred on June 18th, 2024, capturing the activity of both current and former […] дальше »

2024-6-21 22:21


FTX Founder Sam Bankman-Fried Admits Limited Cryptocurrency Knowledge During Fraud Trial

During the ongoing trial of Sam Bankman-Fried, co-founder of the now-defunct FTX crypto exchange, startling revelations have emerged regarding his understanding of cryptocurrency. FTX Co-Founder’s Shocking Testimony  According to live coverage of the trial by The Guardian, Bankman-Fried confessed to knowing “basically nothing” about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. […] дальше »

2023-10-28 05:00


FTX Employees Unearthed Alameda’s $65 Billion Backdoor Months Before Collapse

As the trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, got underway, the testimony of witnesses shed light on a report by The Wall Street Journal.  The report revealed that the company’s employees had uncovered a secret link between the exchange and an affiliated trading firm, raising concerns about potential fraudulent […] дальше »

2023-10-6 23:00


Hodlnaut Refuses OPNX’s $30 Million Offer After FLEX Token Declines By 90%

According to the latest report, the interim judicial managers of beleaguered crypto lender Hodlnaut have rejected the latest acquisition bid proposed by OPNX. The OPNX exchange, affiliated with the founders of collapsed hedge fund Three Arrows Capital (3AC), offered to buy a significant 75% ownership stake in troubled Hodlnaut in August 2023. дальше »

2023-9-20 03:30