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Coinbase says FTX repayments could become a $5B market injection
The distribution of over $5 billion in stablecoins by the FTX Recovery Trust may provide substantial liquidity to digital asset markets, potentially impacting trading activities an...
Read Full Article →Ozark star Julia Garner to play Caroline Ellison in Obama Netflix miniseries on FTX collapse
The collapse of a major cryptocurrency exchange resulted in substantial financial losses, drawing significant industry attention and inspiring a high-profile dramatization produced...
Read Full Article →BitGo advances FTX repayment amid rising phishing threats
BitGo has begun distributing funds to FTX creditors in a key step toward financial restitution, although recipients cannot access their assets for trading until the end of May.
Read Full Article →Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative
Binance’s request to dismiss the $1.76 billion legal claim by FTX highlights the ongoing financial dispute and potential impacts on liability and recovery efforts within the crypto...
Read Full Article →FTX creditors poised to receive $5B by May 30 in latest distribution round
The FTX Recovery Trust plans to allocate more than $5 billion to eligible claimants by the end of May, advancing the company's efforts to fulfill obligations under its reorganizati...
Read Full Article →FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked
Former FTX EU users can now access their locked Euro funds through Backpack, indicating progress in financial recovery efforts, although the ability to withdraw cryptocurrencies is...
Read Full Article →FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K
By liquidating its initial investment in Anysphere at a significantly lower valuation, the bankrupt exchange forfeited substantial potential revenue tied to the company's growth in...
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