Itâs been nearly two, long years since crypto exchange FTX collapsed, but customers are finally about to get their funds back.
On Monday, a judge approved FTXâs bankruptcy plan following extensive recoveries and settlements, with the firmâs team set to repay $16 billion to customers. No timeline has been set for the repayments, but the vast majority of creditors are set to receive at least 118% of the USD value of their crypto assets as of the day that FTX filed for bankruptcy back in November 2022.
That approach has drawn complaints from some investors who contend that their assets have appreciated substantially since thenâand in the case of Bitcoin and some other assets, thatâs definitely true. But for those FTX customers who wondered whether theyâd ever see their funds again, Mondayâs official stamp must be reassuring news.
FTX Will Return $16 Billion to Customers Following Court's Bankruptcy Approval
Collapsed crypto exchange FTX was given the green light Monday to execute its bankruptcy plan following nearly two years of recovery efforts.
Crypto Betting Has Turned HBO's Satoshi Nakamoto Reveal Into a 'Sporting Event': Director
The director behind an HBO documentary on Bitcoin said its release has been heightened by people wagering on Satoshi Nakamoto's identity.
Moo Deng Knockoff Skyrockets as Ethereum Creator Vitalik Buterin Sells 10 Billion Tokens
Ethereum creator Vitalik Buterin sold 10 billion Moo Deng tokens for a charitable donationâand then the meme coin surged in price.
Traders Think They Know Who Satoshi Nakamoto IsâSo They're Buying Meme Coins Based on His Cat
Ahead of a documentary that promises to reveal the identity of Satoshi Nakamoto, the creator of Bitcoin, degens are trading his cat as a meme coin.
From Our Partner
Earning yield doesnât have to be a confusing mess of chain bridging, cryptic protocols, and exhausting risk research.
Exponential.fi makes it easy, accessible, and secure for everyoneâfrom newbies to Pros. â Easy: invest in 1 click â Accessible: invest with ETH, BTC, cash, stablecoins â Secure: Your own MPC wallet
âPolymarket turned 'Money Electric' into a sporting event. Even Iâm refreshing the betting pool to see how high the total volume gets.â
Cullen Hoback, director of HBOâs âMoney Electric: The Bitcoin Mysteryâ
đ From Our Hubs
đŽď¸ GG: This Week in Crypto Games: CryptoKitties Hit Telegram, 'X Empire' Flip-Flop, and 'Moonray' Goes Mobile
Catch up on this weekâs biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.
đ¤ EMERGE: Meet Flux 1.1 Pro: The Best AI Image Generator You Can't Run
Black Forest Labs launched Flux 1.1 Pro, its most advanced AI image generation model yetâbeating Ideogram and MidJourney in speed and quality.
đď¸ SCENE: No, a CryptoPunks NFT Didnât Just Sell for $56 Million
While the eye-popping price caught some by surprise, the devil is in the details of this massive CryptoPunks transaction.
đ Dive Deeper
đš WATCH: Why Coinbase Sees Crypto as a Bipartisan, 'Purple' Political Issue
Coinbase VP of Corporate and Business Development, Shan Aggarwal, joined Decrypt's Sander Lutz and Liz Napolitano at Messari Mainnet 2024 to discuss the exchange's efforts to grow mainstream crypto adoptionâand how the changing political conversation around digital assets is rapidly playing a major role in that.
đď¸ LEARN: What is âFlappy Birdâ on Telegram? Iconic Game Returns With Crypto Twist
Classic mobile game Flappy Bird has returned as a crypto-fueled Telegram game amid a tap-to-earn boomâbut it's been a controversial launch.
