FTX.com releases restructuring plan, hints at rebooted offshore exchange
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange.
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FTX.com releases restructuring plan, hints at rebooted offshore exchange
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange.
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FTX's Draft Reorganization Plan: Zeroing FTT Claims and Subordinating Non-Customer
FTX’s draft reorganization plan zeroes FTT claims and subordinates non-customer claims, outlining key strategies for asset distribution and legal resolutions. (Read More)
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Non-US FTX customers want private info redacted from bankruptcy filings
Non-US FTX customers want private info redacted from bankruptcy filings
The group stressed that publicly revealing the names and private information of customers runs the potential risk of identity theft, targeted attacks and “other injury.”
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On the consequences of the collapse of FTX
On the consequences of the collapse of FTX
The events of recent weeks associated with the fall of the largest player in the crypto industry have greatly stirred up the market. While the range of affected retail users is defined and significant, FTX’s institutional clients could have a more serious impact on the market. It should also be noted that the bankruptcy of FTX is considered in the context of the financial insolvency of the…
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Are Crypto Exchanges Faking Proof Of Reserves? CZ Warns Investors
Are Crypto Exchanges Faking Proof Of Reserves? CZ Warns Investors
In the light of FTX crash, Binance CEO CZs initiative to disclose proof of reserves has forced other market players to do the same. While, exchanges have started declaring their proof of funds, crypto leaders are raising allegations over large exchange inflows and outflows. What’s Going On At Crypto.com And Huobi? As reported by WuBlockchain 280,000 ETH worth nearly $400 million were transferred…
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Mysterious outflow of tokens. What happened at FTX yesterday?
Mysterious outflow of tokens. What happened at FTX yesterday?
Failed digital asset exchange FTX has suffered a mysterious token outflow worth about $662 million over the past 24 hours, in the latest twist in one of the darkest periods for the crypto industry, according to Bloomberg. Clients still recovering from Friday’s plunge into Chapter 11 bankruptcy protection on the platform subsequently encountered what the company’s US general counsel, Ryan Miller,…
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Investors claiming BlockFi had nearly 100% of their customers assets custodied on FTX.
Japanese Regulator Slaps FTX Japan With Business Suspension Order
Japanese Regulator Slaps FTX Japan With Business Suspension Order
Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes Action Against FTX Japan Japan’s Financial Services Agency (FSA) announced Thursday that the Kanto Local…
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