🇦🇪 #FTT FTX crypto exchange plans to exclude a branch in Dubai from bankruptcy proceedings.
- The bankrupt crypto exchange has filed an application to the court with a request to exclude FTX Dubai from Chapter 11 bankruptcy proceedings.
FTX Dubai is solvent, because it has not even started its activities and funds after liquidation can be distributed to "any outstanding obligations" of the exchange.
@Cryptoz ₿
- The bankrupt crypto exchange has filed an application to the court with a request to exclude FTX Dubai from Chapter 11 bankruptcy proceedings.
FTX Dubai is solvent, because it has not even started its activities and funds after liquidation can be distributed to "any outstanding obligations" of the exchange.
@Cryptoz ₿
👀 CZ and Binance are blamed for the collapse of #FTX! (original)
▫️ A class action lawsuit has been filed against the Binance and CZ crypto exchanges.
▫️ “CZ Binance provoked with his tweets a decrease in the price of the #FTT token from $23.5 to $3.14.”
The plaintiffs claim that Binance owned 5% of all FTT tokens, but they were sold with balances before tweets from CZ.
▫️ “CZ Binance tried to monopolize the market by contributing to the collapse of FTX.”
The trial of Sam Bankman-Freed (former CEO of FTX) is scheduled to begin today (October 3).
@Сryptoz ₿
▫️ A class action lawsuit has been filed against the Binance and CZ crypto exchanges.
▫️ “CZ Binance provoked with his tweets a decrease in the price of the #FTT token from $23.5 to $3.14.”
The plaintiffs claim that Binance owned 5% of all FTT tokens, but they were sold with balances before tweets from CZ.
▫️ “CZ Binance tried to monopolize the market by contributing to the collapse of FTX.”
The trial of Sam Bankman-Freed (former CEO of FTX) is scheduled to begin today (October 3).
@Сryptoz ₿
🔎 Matrixport: “A settlement agreement with US regulators is the best outcome for CZ and Binance.”
- CZ resigned, and the amount of the fine is lower than the previously expected $10,000,000,000.
- Binance is likely to remain one of the three largest crypto exchanges over the next 2-3 years.
- Crypto exchanges will strengthen compliance with the requirements of US regulators and conclude an agreement on joint monitoring.
- All this may increase the probability that the SEC will approve spot Bitcoin ETFs in the US, up to 100%.
- #FTT FTX restart is likely to take place in the 3rd quarter of 2024.
VOV0E409
@Сryptoz ₿
- CZ resigned, and the amount of the fine is lower than the previously expected $10,000,000,000.
- Binance is likely to remain one of the three largest crypto exchanges over the next 2-3 years.
- Crypto exchanges will strengthen compliance with the requirements of US regulators and conclude an agreement on joint monitoring.
- All this may increase the probability that the SEC will approve spot Bitcoin ETFs in the US, up to 100%.
- #FTT FTX restart is likely to take place in the 3rd quarter of 2024.
VOV0E409
@Сryptoz ₿
❤7👍6
⚖️ #FTT Bloomberg: FTX crypto exchange plans to exit bankruptcy proceedings!
- A proposal has been submitted for the "return of billions of dollars to customers and creditors."
- The plan includes consideration of restarting the exchange next year.
Z4UDXDU4
@Сryptoz ₿
- A proposal has been submitted for the "return of billions of dollars to customers and creditors."
- The plan includes consideration of restarting the exchange next year.
Z4UDXDU4
@Сryptoz ₿
👍10❤🔥7❤3😇2🙉2
👀 #FTT FTX must pay bankruptcy lawyers $118,100,000! (original)
- The bill was issued by the lawyers for the period from August 1 to October 31 ($53,000 per hour).
- Alvarez and Marshall consulting company should receive the largest payment for its services - $35,800,000.
SOXDW9PD
@Сryptoz ₿
- The bill was issued by the lawyers for the period from August 1 to October 31 ($53,000 per hour).
- Alvarez and Marshall consulting company should receive the largest payment for its services - $35,800,000.
SOXDW9PD
@Сryptoz ₿
👍9❤4
🔥 #FTT Bloomberg: Sam Bankman-Fried has filed an appeal to the federal court!
– The founder of the bankrupt FTX exchange does NOT agree with a prison term of 25 years.
– Sam Bankman-Fried will remain in prison while the appeal is considered by the court.
S8QGBCOQ
@Сryptoz ₿
– The founder of the bankrupt FTX exchange does NOT agree with a prison term of 25 years.
– Sam Bankman-Fried will remain in prison while the appeal is considered by the court.
S8QGBCOQ
@Сryptoz ₿
👍4❤🔥2
RJRW6ZDF
@Сryptoz ₿
Please open Telegram to view this post
VIEW IN TELEGRAM
👍15❤6👌4👏2
Evan Peters is being considered for the role of Sam Bankman-Fried, but the negotiations have not yet been completed.
P.S. The project has not yet been officially launched - contracts have not been signed.
@Сryptoz ₿
Please open Telegram to view this post
VIEW IN TELEGRAM
❤6👍2
#ftt
⚖️ FTX changed their minds to deprive customers from Russia, Ukraine and China of payments.
The exchange withdrew its petition, according to which customers from «problem countries» (China, Russia, Ukraine, Pakistan, Saudi Arabia, etc.) could lose their money.
Context:
FTX planned to introduce a special procedure - if it is difficult to pay funds in a particular country due to laws or sanctions, then:
• The country is recognized as «restricted».
• Creditors are given 45 days to challenge the decision.
• If there are no objections, their claims are written off, and the money is returned to the general trust.
After the pressure of creditors (including 300 Chinese who sued) - the exchange withdrew this plan.
@Сryptoz ₿
The exchange withdrew its petition, according to which customers from «problem countries» (China, Russia, Ukraine, Pakistan, Saudi Arabia, etc.) could lose their money.
Context:
FTX planned to introduce a special procedure - if it is difficult to pay funds in a particular country due to laws or sanctions, then:
• The country is recognized as «restricted».
• Creditors are given 45 days to challenge the decision.
• If there are no objections, their claims are written off, and the money is returned to the general trust.
After the pressure of creditors (including 300 Chinese who sued) - the exchange withdrew this plan.
@Сryptoz ₿
Please open Telegram to view this post
VIEW IN TELEGRAM
❤6
#hoodx #ftt
🔮 Robinhood and Susquehanna are launching their own forecast exchange.
Companies buy 90% of LedgerX, a regulated derivatives exchange previously owned by FTX. This gives them their own infrastructure for listing and clearing contracts for the outcome of events.
• The demand for event contracts is growing - in the 3rd quarter of 2025, Robinhood customers concluded 2.3b transactions.
• More than half of Kalshi’s turnover was accounted for by traffic from Robinhood.
• Now Robinhood will start promoting its products directly, and Susquehanna will become a liquidity provider from day one.
@Сryptoz ₿
Companies buy 90% of LedgerX, a regulated derivatives exchange previously owned by FTX. This gives them their own infrastructure for listing and clearing contracts for the outcome of events.
• The demand for event contracts is growing - in the 3rd quarter of 2025, Robinhood customers concluded 2.3b transactions.
• More than half of Kalshi’s turnover was accounted for by traffic from Robinhood.
• Now Robinhood will start promoting its products directly, and Susquehanna will become a liquidity provider from day one.
@Сryptoz ₿
Please open Telegram to view this post
VIEW IN TELEGRAM
❤1🙈1