Former FTX Customer Says Hedge Fund Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.
FTX Bankruptcy Plan Approved: $16 Billion Customer Repayment Process Begins
US bankruptcy court approves FTX liquidation plan, allowing for $16 billion customer repayment to begin, with initial distributions expected in December
Justice has not been served, FTX customers react to bankruptcy plan confirmation
Customers whose digital assets are locked in now defunct-cryptocurrency exchange FTX have not benefited from the rebound in crypto prices since the platform imploded nearly two years ago, they said in response to the court approval of the company’s bankruptcy proceedings.
FTX cleared to repay billions to customers after bankruptcy plan approval
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange collapsed.
FTX Customer Says Hedge Fund Cheated Him on Bankruptcy Gains
An FTX customer sued the hedge fund that bought his claim in the bankrupt cryptocurrency exchange, claiming that Olympus Peak underpaid him while it stands to make more than $1 million from their deal.
FTX bankruptcy plan would give ex-customers an extra 19%
Creditors will receive up to $16.5 billion, nearly two years after their funds were frozen by the crypto firm’s shocking bankruptcy, according to a plan approved by a judge Monday.
Bankruptcy Judge Greenlights FTX’s $16 Billion Customer Repayment Plan
FTX, the now-defunct cryptocurrency exchange, is set to distribute up to $16 billion to its customers following a court hearing.
Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
A former customer of FTX is suing a hedge fund he sold his bankruptcy claim to.Alexander Nikolas Gierczyk alleges Olympus Peak is reneging on
decrypt1d
FTX Creditor Says Hedge Fund Owes Him for Claim It Bought at '42% Discount'
An FTX creditor sold his $1.59 million bankruptcy claim to a hedge fund. Now he's suing because he says the firm owes him ...
Who Is Ryan Salame, Disgraced FTX Exec Who Reported to Prison on LinkedIn
Ryan Salame, once a high-ranking executive at bankrupt cryptocurrency company FTX, took to LinkedIn this week to share that ...
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FTX bankruptcy judge approves more than $14 billion payback plan two years after exchange collapsed
A Delaware bankruptcy judge approved FTX's reorganization plan almost two years after the crypto exchange spiraled into ...
FTX investors drop lawsuit against law firm Sullivan & Cromwell
A group of FTX investors told a Miami federal court Wednesday that they are voluntarily dismissing their proposed class ...
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Delaware Judge Approves FTX Estate’s Bankruptcy Plan
Brian Glueckstein, an attorney for the FTX estate and a partner at Sullivan & Cromwell, argued Monday that the correct ...
Cryptopolitan on MSN3d
FTX repayments to creditors could be a liquidity catalyst for the crypto market
U.S. bankruptcy judge John Dorsey gave FTX the green light to repay 98% of its customers using $16.5 billion in assets ...
JD Supra5d
Big Monday, That’s the Spirit, and Settlement Protocol
Creditor approval has been secured for a reorganization plan of the former crypto exchange, FTX. The plan is set to be presented to the bankruptcy court for confirmation on October 7th. S&K Take: ...
Inside Bitcoins6d
FTX Token (FTT) Sees 93% Weekly Surge Amid Bankruptcy Payout Speculation
The FTX Token has experienced a recent surge in price, largely attributed to speculation that those who suffered losses during the FTX crisis might receive some compensation. The FTX Token bankruptcy ...