Defunct crypto exchange FTX expects to pay its customers and creditors back “in full” after the company’s collapse over a year ago left counterparties billions of dollars in the hole. Given its optimistic projections, the team overseeing the bankruptcy has also dropped plans to potentially relaunch the exchange. FTX Plans A Full Asset Recovery During […]
FTX Bankruptcy Says Customers Will Get 100% Of Their Money Back Read More »
Source: Sora Shimazaki / Pexels Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The deal involves Dave purchasing the note at a discounted price of $71 million, pending
Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake Read More »
Source: Adobe / Ascannio FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies. The lawsuit aims to recover approximately $953 million worth of cash and digital assets that were withdrawn from Sam Bankman-Fried‘s FTX exchange prior to its Chapter 11 filing a year ago. The lawsuit, filed in
FTX Bankruptcy Team Sues Crypto Exchange Bybit for $1 Billion – What’s Going On? Read More »
