FTX says most customers will get all their money back less than 2 years after crypto fraud crisis | CBC News
FTX customers expected to receive back owed money, some more; interest payment included. Cryptocurrency value increased since FTX's collapse, leading to diminished losses for investors. [ more ]
Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale
Sizable sales from the Grayscale Bitcoin Trust may be partly to blame for bitcoin's poor price performance since the launch of U.S.-based spot ETFs.
The bankruptcy estate for failed crypto exchange FTX sold its entire holding of GBTC for nearly $1 billion, indicating fresh investment into the new spot ETFs. [ more ]
FTX Linked Wallets Shift $13.5M SOL as Solana Rally Takes a Breather
Wallets linked to bankrupt crypto exchange FTX continue to move millions of dollars worth of Solana's SOL as the token's rally pauses.
On-chain analysis tool PeckShield identified FTX-labeled addresses transferring 250,000 SOL and $4 million in USDT stablecoins to Binance and Wintermute.
SOL prices have fallen 7.5% in the past 24 hours, underperforming other cryptocurrencies. [ more ]
FTX bankruptcy: What customers should know about getting their money back with interest
FTX's legal team announced a reorganization plan to repay customers who lost assets, up to 118% of the asset's value, pending Delaware court approval. [ more ]