Netflix Adapts Sam Bankman-Fried FTX Collapse
Netflix is developing a series on FTX’s collapse, with Julia Garner and Evan Peters in talks for lead roles. Graham Moore may write the screenplay. #Update #Entertainment (+3) ↗
Ftx
FTX Loses Big as AI Platform Soars
FTX bankruptcy liquidators sold their stake in @CursorAI for $200,000, missing a $500 million opportunity as the platform now boasts a $9 billion valuation. #Update #Crypto (+7) ↗
FTX Cancels $2.5 Billion Claims
FTX annuls $2.5 billion in client claims due to KYC non-compliance, affecting 392,000 clients; funds will be redistributed for future distribution. #Update #Crypto (+6) ↘
FTX Estate Begins Paying Major Creditors
@FTX_Official is set to start reimbursing major creditors with $11.4B in cash reserves on May 30, following its bankruptcy proceedings. #Update #Crypto (+3) ↗
FTX EU Refunds Open via Backpack
@Backpack opens euro refund claims for @FTX_Official EU users starting April 1, 2025, requiring verification via Backpack EU with original KYC data. #Update #Crypto (+3) ↗
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 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) ↗