FTX Exchange Gives Timeline For Creditor Reimbursement
The FTX exchange is still involved in litigation, despite the fact that FTX creditor reimbursements are scheduled to commence after two years of bankruptcy proceedings. The FTX exchange has revised its timeline for the creditor and former customer reimbursements, which is anticipated to conclude in January 2025. The initial payouts are expected to be received […]
Galois Capital halts operations after losing money in FTX exchange
Galois Capital, one of the victims of the FTX collapse, has declared bankruptcy after half of its assets became locked in the bankrupt exchange. The hedge fund eventually chose to close and deliver its remaining assets to investors. The hedge fund stated on November 12 via its official Twitter account that it has a large exposure […]
Alameda wallets transfer FTT tokens worth millions
On February 7, Alameda-linked wallets started to function once again, sending FTT tokens worth about $2.3 million. The Alameda wallet activity after the bankruptcy of FTX has raised a lot of questions in the crypto world about the legitimacy of law enforcement and how these wallets are being accessed. Nearly $2 million worth of FTT […]
FTX Revenue Increases By 1,000% in 2021, 2022 Looks Promising.
FTX has benefited greatly from the crypto winter, unlike some of its rivals who are battling to live. Financial records from the well-known cryptocurrency exchange platform FTX were leaked to news site CNBC, showing that in 2021, income surged by more than 1,000%, from $89 million to $1020 million. The filings state that FTX’s net […]
Celsius transfers WBTC worth $529M to FTX exchange
The cryptocurrency industry is worried that the transfer of the wBTC might result in the dump of more than $500 million worth of Bitcoin. Concerns have been raised by some in the community regarding the possibility of a dump when troubled loan provider Celsius transferred nearly 25,000 Wrapped Bitcoin (wBTC) valued at $528.9 million to […]