Bitcoin24h $94,038.76-1.85%

Ethereum24h $3,285.93-1.00%

XRP24h $2.16-2.47%

BNB24h $673.15+2.64%

Solana24h $182.46+0.92%

Dogecoin24h $0.3075-1.20%

Cardano24h $0.8750-0.75%

TRON24h $0.2482+1.29%

Avalanche24h $36.01-2.47%

Chainlink24h $22.35+2.80%

Creditors due $12.7B from FTX and Alameda 21 months after bankruptcy

FTX and Alameda both agreed in July to pay creditors. However, this agreement was subject to yesterday’s court verdict.

Justin Sun proposes billion-dollar fund to save crypto

Sun is apparently keen to start a billion-dollar fund to save the entire crypto space in the midst of a 20% drawdown of most tokens.

Thomas Braziel, who founded bankruptcy claims firms 117 Partners and 507 Capital, had stolen from a fund connected to a firm called Fund.com.

Reports claim that over two-thirds of shareholders of Scaramucci’s $1.6 billion crypto fund had filed for redemption of their shares.

Sam Bankman-Fried’s mother, father, and brother reportedly helped advise on and manage the firm’s finances, says the Wall Street Journal.