Tag: #CryptoBankruptcy

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FTX Rejects 3AC’s $1.5B Claim Over Risky Trades

FTX rejects 3AC’s $1.5B claim as baseless.  3AC’s losses are tied to risky trading bets.  FTX liquidated $82M to protect the account. The FTX...

FTX Set to Distribute $5B in Stablecoins to Creditors

FTX will provide investors $5B in stablecoins by May 2025. Total claims are $11.745M, with recoveries at 123%-138%. The 2022 asset valuations used...