Aug 1, 2023
FTX.com releases restructuring plan, hints at rebooted offshore exchange
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange.
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FTX.com releases restructuring plan, hints at rebooted offshore exchange
Reams of dockets from FTX.com have been filed alongside a proposed reorganization plan which could see FTX resurrected as an offshore exchange.
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FTX's Draft Reorganization Plan: Zeroing FTT Claims and Subordinating Non-Customer
FTX’s draft reorganization plan zeroes FTT claims and subordinates non-customer claims, outlining key strategies for asset distribution and legal resolutions. (Read More)
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FTX founder SBF’s litigation may take ‘months or years’
Fraud proceedings against FTX’s SBF might be delayed by “months or years” if more charges are brought, as per SBF’s filing.
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Metropolitan Museum of Art to return $550K in donations from FTX
The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said.
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FTX US and Alameda Research File Complaint Against FTX Digital Markets
FTX US and Alameda Research have filed a complaint against FTX Digital Markets, alleging that the Bahamas-based company was a “fraudulent enterprise” used to conceal the issue of the firm’s ownership. The complaint claims that the claims made by FTX Digital Markets will harm FTX.com customers and other creditors of the FTX Debtors as the company continues with bankruptcy proceedings in the United…
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Breaking: Another Hedge Fund Collapses In Foray Of FTX; Market To Decline?
Crypto News: Sam Bankman-Fried (SBF) led FTX collapse is still hounding the global crypto market. In the latest turn of events, one of the biggest profile victims of the FTX crash has decided to shut down. However, the hedge fund has also formed a decision to return money to the investors. FTX Still Hounding Crypto Market According to a report by Financial Times, Galois Capital told its investors…
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Potential Witnesses to Stop Being Contacted by SBF
The recent filing isn’t the first time SBF’s bond agreement had to be changed.
He was previously prohibited from accessing FTX or Alameda-related funds following his request during his arraignment earlier this month.
During the arraignment, he pled not guilty to several financial crimes.
Sam Bankman-Fried’s lawyers responded with a letter submitted on Saturday.
The letter opposed the prosecutors’ request and outlined their own variation of suggested restrictions for SBF’s communications................Read More
Source:- Coin Week
FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.
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