FTX empties FTT treasury wallet, transferring assets worth over $250 million
The financial regulators in Cyprus have extended the suspension of FTX Europe’s license till September.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
FTX is selling the stake as part of its bankruptcy proceedings to repay its creditors, who lost billions due to its collapse.
John Ray III reveals FTX had only 105 BTC left against 100,000 customer entitlements at the time of bankruptcy.
The initiative is part of its reorganization plan and targets individual accounts that withdrew more than $100,000 before its collapse.
The Montenegro Court said its decision was final and could not be appealed by any party.
Genesis asked a bankruptcy court to approve a settlement in principle, while Gemini submitted a statement in support of the plan.
Gemini crypto exchange already assured its Earn users that they would receive 100% of their digital assets back in kind.