Crypto Funds Acquire Metaplex Tokens In Million-Dollar Deal
Several crypto firms, such as Pantera Capital and ParaFi Capital, acquired many Metaplex tokens (MPLX) from the FTX estate. Pantera Capital and ParaFi Capital, among other crypto funds, recently acquired a significant quantity of Metaplex tokens (MPLX) from Wave Digital Assets, which were previously held by the FTX estate, according to a source who is both […]
US SEC Fines Galois Capital for FTX Crypto Custody
The US SEC has charged Galois Capital Management, a fund adviser, with failing to correctly custody client assets. The charges for Galois Capital Management include holding investor funds with the now-defunct cryptocurrency exchange FTX. According to reports, the collapse of FTX resulted in the capital management firm losing approximately half of its assets. US SEC […]
FTX Restructuring Faces Legal Hurdles
Sunil Kavuri, representing FTX’s largest creditor group, echoed these concerns and suggested in-kind repayments to avoid high cash taxes. The United States Trustee and a group of creditors are placing legal obstacles in the way of the restructuring plan of FTX, the cryptocurrency exchange that has gone bankrupt. This raises questions about the feasibility of […]
FTX to Pay $12.7bn to Creditors, CFTC says
FTX and Alameda ordered to pay $12.7 billion in fraud case settlement CFTC announced in a news release. The Commodity Futures Trading Commission announced in a news release that a court has ordered FTX and its affiliate, Alameda Research, to pay $12.7 billion to consumers and victims of their fraud. FTX Ordered to Pay $12.7 […]
FTX, Alameda to Pay Creditors $12.7B in CFTC Settlement
The settlement follows the collapse of FTX in November 2022, which caused significant turmoil in the cryptocurrency market. A settlement between the Commodity and Futures Exchange Commission (CFTC), the defunct cryptocurrency exchange FTX and the sibling business Alameda Research has received approval from a judge in the United States. Following the exchange’s collapse in November […]