FTX Bankruptcy Plan Approved by US Judge, $6.6 Billion Set for Creditor Payout
US Judge approves FTX's bankruptcy plan, allowing $6.6 billion in creditor payouts over the next two months.
US Judge approves FTX's bankruptcy plan, allowing $6.6 billion in creditor payouts over the next two months.
FTX estate auctions 22.3 million Worldcoin tokens at a steep discount, causing WLD price to drop by 2%.
FTX's $16 billion repayment process is set to begin, potentially sparking a crypto bull run as funds re-enter the market.
Caroline Ellison, ex-Alameda CEO, sentenced to 2 years for her role in FTX's $8B fraud, while her cooperation aided Bankman-Fried's conviction.
Prager Metis settles with the SEC for $1.95M over audit misconduct in FTX case, citing failures in financial disclosure and standards.
Sam Bankman-Fried files an appeal for a new trial, accusing Judge Lewis Kaplan of bias and arguing that FTX faced a liquidity crisis, not insolvency.
The SEC fined Galois Capital $225,000 for violating investor protection regulations, including misusing customer assets and misleading investors.
Bitcoin's September could break its historical trend as reduced selling pressure, strong holders, and potential catalysts offer new hope.
Paul Grewal questions the SEC's unclear stance on FTX's plan to repay creditors in stablecoins amid legal uncertainties.
The FTX bankruptcy case faces objections from the U.S. Trustee and creditors, focusing on legal exemptions and unequal reimbursement plans.
FTX's reorganization plan secures 95% creditor support, promising full repayment and resolving legal issues amid ongoing bankruptcy proceedings.
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