@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) • →
@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) • ↗
@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) • →
@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)
@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)
U.S. shifts $34M in seized crypto from FTX for 2025 compensation. This proactive move by the authorities aims to manage and distribute assets effectively, boosting transparency in the crypto market. #Update
FTX plans to compensate creditors by early 2025 after its bankruptcy resolution. Users must register and complete KYC to receive payments, aiming to restore trust and set recovery standards. #Update
Gary Wang’s courtroom drama: The ex-CTO of $FTX escapes jail time by dropping truth bombs that rocked the crypto world. Meanwhile, Sam Bankman-Fried’s got 25 years to mull over his next big crypto strategy! #Crypto #Humor
DOJ targets $16M in $BNB account linked to Sam Bankman-Fried’s alleged $40M bribe to unfreeze Alameda’s $1B crypto. This highlights increasing scrutiny on crypto exchanges and could lead to stricter regulations in the industry.
Gary Wang, ex-FTX exec, is developing a tool to combat crypto fraud while cooperating with authorities for leniency. His court hearing on Nov 20, 2024, could shape the tool’s impact on crypto transparency. #Update
Nishad Singh, ex-CTO of FTX, gets a 3-year suspended sentence after cooperating in the FTX fraud case. His testimony was key in giving ex-CEO Sam Bankman-Fried a 25-year sentence. Regulatory changes may follow. $FTT #Update
FTX settles a $953M lawsuit with Bybit, recovering $175M in crypto and planning to sell BIT tokens for $53M. This marks a pivotal moment in FTX’s recovery efforts, aiming to compensate 98% of users. #Update
Caroline Ellison to hand over assets in a $28.8M lawsuit, as FTX’s plan ensures 98% of users get 119% of deposits. Big moves for crypto accountability and recovery! #Update
FTX plans to auction 22.3M Worldcoin $WLD tokens at discounts up to 75%, with a minimum bid of $2.5M. The auction ends October 2, 2024, and tokens will vest over four years. #Update
