FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
Defunct exchange FTX and the United States Internal Revenue Service (IRS) are locked in a dispute over an unpaid tax claim. FTX and the IRS have reached a settlement agreement. The exchange’s ...
FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement ...
FTX has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount. Under the settlement, the IRS will receive a $200 million priority claim to be ...
FTX creditors have filed a June 5 objection to the crypto exchange’s repayment plan on the grounds that the FTX bankruptcy estate’s proposal does not work in favor of their “best interests.” FTX ...
FTX has marked a complete exit from Anthropic. The exchange bagged nearly $800 million in profit. FTX’s bankruptcy costs will likely swallow the proceeds. FTX is leaving no stone unturned as it ...
FTX has extended the deadline for creditors to submit proof of debt to late July or early August. The extension aligns with the Chapter 11 reorganization plan’s voting deadline in the U.S. Creditors ...
Over the past several weeks, FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion. Even after the exchange had lost considerable ...
Bankrupt crypto exchange FTX has agreed to sell its remaining stake in AI startup Anthropic for $452.2 million. If approved, the total sales from Anthropic shares could net FTX around $800 million, ...
A group of FTX creditors, led by Sunil Kavuri, has filed an objection to FTX’s bankruptcy reorganization plan. They reject it on several grounds, including the assertion that it does not serve ...
The CEO of FTX Estate, John Ray III, sells its balance shares in Anthropic, amounting to 15 million, at a price of $30 per share. Through this, he managed to rake in the amount of $450 million.