Tag - bankruptcy
06Apr

FTX estate sold $1.9b Solana at discount price

While FTX creditors decried unfair bankruptcy proceedings and decisions, the defunct crypto business offloaded a trove of Solana tokens at a massive discount. FTX’s estate, under bankruptcy administrators led by CEO John J. Ray III, traded 25-to-30 million Solana (SOL) coins well below market prices as the company tried to plug a $16 billion hole left...

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04Apr

FTX ad-hoc grows to $700k in claims as community prepares for bankruptcy vote

The FTX Customer Ad-Hoc Committee has over 1,400 signups and $700,000 in claims. The committee is also preparing to distribute more information to guide members through the bankruptcy plan vote. The additional information will include strategic advice and detailed instructions to assist claimants in making informed decisions and taking concerted action to protect their rights. The FTX...

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