FTX Estate Begins $11.4B Creditor Repayment
@FTX_Official plans to repay primary creditors $11.4B by May 2025, following its Chapter 11 filing in November 2022 due to liquidity and fraud issues. #Update #Crypto (+3) ↗
Ftx
FTX Claims Surge 3AC Liquidators Demand
Liquidators of @3AC have increased their claim against @FTX_Official from $120M to $1.53B, approved by Delaware bankruptcy court amid contract breach allegations. #Breaking #Legal (+9) ↗
Solana Unstaking FTX Alameda Settles Debts
@FTX_Official and Alameda Research unstake $23M in $SOL, transferring to 38 wallets amid creditor repayment efforts. #Update #Crypto $SOL (+3) ↗@FTX_Official and Alameda Research unstake $23M in $SOL, transferring to 38 wallets amid creditor repayment efforts. #Update #Crypto $SOL (+3) ↗
Crypto Critique SBF on Gensler FTX
Sam Bankman-Fried criticized the SEC and Gary Gensler, discussed FTX’s financial state post-bankruptcy, and emphasized cryptocurrency regulation as crucial for future growth. #Update #Crypto (+3) ↗
LayerZero Resolves $21M FTX Dispute
Hodl.Press: @LayerZeroLabs settles $21M dispute with FTX, addressing creditor issues and minimizing legal costs after failed STG token repurchase from Alameda Ventures. #Update #Legal (+3) →
Bitcoin Soars: FTX Payouts, Trump Memecoin
Bitcoin surged past $100,000 with an 11% weekly growth; @FTX prepares creditor payouts for February 2025; Donald Trump launched a memecoin on Solana, witnessing an 883% rise; @MicroStrategy invested $243M in Bitcoin. #Breaking #Crypto $BTC (+9) ↗
Crypto Surge VC Investments Up 46%
Venture capital firms invested $3.5 billion into crypto and blockchain startups in Q4 2024, marking a 46% increase from the previous quarter despite 2024 being the weakest year for crypto VC fundraising. #Update #Crypto (+3) ↗
FTX Distributes $1.2B Post Trump Inauguration
@FTX_Official is set to distribute $1.2B to creditors, with a significant portion likely reinvested into cryptocurrencies due to promising growth prospects for 2025, according to industry insiders. #Update #Crypto (+3) →
FTX Europe Sale Clarified by Lawyers
@Backpack’s acquisition of FTX EU faces legal challenges as FTX claims the deal lacked court approval, despite CySEC’s endorsement. Legal experts scrutinize the transaction’s legitimacy amid bankruptcy complexities. #Update #Legal (+3) ↗
Solana NFTs Surge Backpack Acquires FTX Europe
@Backpack’s acquisition of FTX Europe boosts @MadLadsNFTs Solana floor price to $16,240, with speculation over potential benefits for holders amid market correction. • #Update • #Crypto • @MadLadsNFTs • (+3) • →
Acquisition: Backpack Secures FTX EU Deal
@BackpackFinance acquires FTX EU, expanding crypto derivatives across the EU with MiFID II compliance; fund distribution to FTX clients begins. Launch set for Q1 2025 with SEPA integration. • #Update • @BackpackFinance • (+6) • ↗
Backpack Exchange Acquires FTX EU
@BackpackEU will distribute court-approved FTX bankruptcy claims to FTX EU customers after acquiring @FTX_Official, aiming for a Q1 2025 launch. • #Update • #Crypto • @BackpackEU • (+4) • →
Bitcoin Coinbase Premium Hits Record Low
@NewsBTC reports the Bitcoin Coinbase Premium has dropped to its lowest level since the FTX crash, raising questions about a potential market bottom. • #Update • #Crypto • @NewsBTC • (+4)
Crypto Surge Bitget Uniswap FTX Lead
@Bitget, @Uniswap, and @FTX soar as top crypto gainers, with $BIT, $UNI, and $FTT leading the charge; potential for best wallet token to pump next amid market volatility. #Update #Crypto @Bitget ↗ (+6)