FTX creditors sue over $16,871 bitcoin price repayment plan
FTX says it will repay creditors based on far lower bitcoin prices, spurring a group of customers to take legal action.
FTX says it will repay creditors based on far lower bitcoin prices, spurring a group of customers to take legal action.
Customers of crypto exchange FTX will be repaid based on November 2022 bitcoin prices — when it filed for bankruptcy.
Bankrupt crypto exchange FTX has been cleared to sell $222 million of real estate in the Bahamas bought by senior staff during its heyday.
Effective Ventures, an effective altruism-focused charity, has agreed to return donations it received from FTX.
A report claims that debtors-in-possession of FTX and Alameda Research have sold all its GBTC in the ongoing bankruptcy.