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FTX to begin repaying creditor claims over $50,000 starting May 30, 2025. The estate has amassed $11.4 billion in cash for distributions.
FTX is dealing with billions of fraudulent claims amid โ27 quintillionโ total submissions ๐ต
CEO John Ray III, who previously managed Enronโs dissolution, has been leading FTXโs asset recovery efforts. His team has reclaimed between $14.7 billion and $16.5 billion in assets by selling stakes in tech companies, real estate holdings, and digital currencies. ๐๐โโ๏ธ
Did you konow? ๐ค โโ #news #crypto Iranian officials embezzled $21 million worth of cryptocurrency ๐คฏ while investigating an exchangeโs corruption case. Top interrogators of the Islamic Revolutionary Guard Corps #IRGC have been charged. More than $21 million worth of cryptocurrency was embezzled.
Blockchain evidence in the report showed that wallets controlled by Hajipour were processing more than $21 million worth of BRG, ๐ฌ the platformโs native token. ๐จ๐จ
๐จ๐จ๐จ #BTC #newsdaily Analysts say Bitcoinโs more than 24% correction is just a temporary โshakeoutโ before the next bullish phase in the Bitcoin market cycle.๐ง But Bitcoinโs price is still 24% below its all-time high of $109,000 set on January 20, 2025, the day of US President Donald Trumpโs ๐ตinauguration. ๐จ๐จ๐จ