FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this [...]

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Centralized crypto exchanges are key for mass adoption, despite FTX collapse X10 CEO

Hybrid, non-custodial exchanges could help restore industry trust in crypto, but CEXs remain key for onboarding new users, according to according to X10 CEO Ruslan Fakhrutdinov.

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Japanese exchange BitFlyer to acquire FTX Japan

Following the acquisition, FTX Japan will be renamed and operate a crypto custody service that will feature crypto ETFs once such products are allowed in Japan.

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FTX creditors seek repayments at current market rates

FTX's new compensation plan faces opposition as creditors demand repayments based on current asset values, not bankruptcy figures.

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Binance Pushes to Dismiss FTXs $1.76B Clawback Suit Over Legal Flaws

Binance has filed a request for the dismissal of FTXs $1.76 billion lawsuit, claiming it has no legal basis. The exchange claims that FTX failed because of internal fraud, not because of it or its executives. According to the exchange, Sam Bankman-Fried and the FTX leadership are the main reasons for the companys failure. FTXs […]

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FTX Creditors Granted Deadline Extension for Proof of Debt Submission

The FTX Bankruptcy Saga Progre­sses with some Hope for Cre­ditors. Sunil, an FTX creditor, posted on X that the­ joint official liquidators of FTX Digital Markets extende­d de­adline for submitting proof of debt. The original date­ was May 15th, but now it has gone on to the end of July or the­ beginning of August. […]

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Post-FTX crypto industry needs education before regulation Former Biden adviser

What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation], the senior adviser told Cointelegraph.

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DOJ rejects Sullivan & Cromwell, picks FRA for Binances monitorship

FRA is set to monitor Binance for compliance with a DOJ plea deal, following Binance's admission of regulatory violations.

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BlockFi Settles With FTX, Alameda Estates for $874.5M

The settlement with FTX and Alameda Research is a key part of BlockFi’s bankruptcy and reorganization plan.Source: CoinDesk

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FTXs Questionable Claim Valuations Spark Community Distrust And Demand Accountability

FTX, the bankrupt crypto exchange is offering a claims process with cryptocurrency valuations for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Binance Coin (BNB) that are much lower than their current market prices. This has triggered questions and worries among crypto investors and users. According to Wu Blockchain, FTX has set its […]

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Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison for running a crypto business that devastated thousands of investors.

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Bankers Are Lining Up Buyers for FTXs 8% Stake in AI Startup Anthropic: Report

FTXs slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources.Source: CoinDesk

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U.S. Governments Legal Precedents Dont Support Lengthy Prison Term, Bankman-Frieds Defense Argues

Sam Bankman-Fried’s lawyers have pushed back against the U.S. government’s sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows.Source: CoinDesk

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Crypto Lender Genesis Requests US Bankruptcy Court to Approve Settlement Principle

The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all of their digital assets back in kind. The bankruptcy court is scheduled to consider Genesis request to approve [...]

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DOJs Proposed 50-Year Sentence for Sam Bankman-Fried Disturbing, FTX Founders Lawyers Say

Sam Bankman-Fried’s defense team pushed back against what it called the “disturbing” sentencing memorandum filed by the Department of Justice last week in a new letter, saying the DOJ was making the FTX founder out to be someone he was not.Source: CoinDesk

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Judge To Decide Sam Bankmans Fate: Faces 40-50 Years For Financial Crimes

The fall from grace of Sam Bankman-Fried, once hailed as a wunderkind of the cryptocurrency world, continues with a vengeance. On Friday, U.S. prosecutors filed a sentencing memo recommending an astonishing 40-50 years in prison for Bankman-Fried, the founder and ex-CEO of FTX. Prosecutors strongly criticize Bankman-Fried following his conviction last November on seven counts […]

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XRP, DOGE Shining Lights in Altcoin Market Depth Boost

Two veteran altcoins are raising the bar for the cryptosphere in an attempt to restore the 1% market depth.

Continue reading at DailyCoin.

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Bahamas to Strengthen Crypto Regulations in Response to Recent FTX Collapse

The Bahamas is proposing tougher regulations to govern digital asset firms five months after the collapse of crypto exchange giant FTX drew the world’s attention [...]

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FTX Sues Sam Bankman-Fried, Others for $1B, Says He’s Using Misappropriated Funds to Pay for Defence

FTX filed a new lawsuit against former CEO Sam Bankman-Fried (SBF) and three other executives in an attempt to recoup $1 billion for clients who [...]

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Senate Banking Committee Sees More Storm Clouds After FTX Collapse

The Senate Banking Committee held a largely quiet affair on Tuesday with a panel of professors well-versed in financial regulation, according to a Fortune report. [...]

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