Backpack Exchange and FTX clash over FTX EU ownership
The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.
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The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.
Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried.
The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices.
According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply.
According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms.
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.
United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid […]
More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October or $1.3 million per day. […]
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated. The […]
