Getting funds out of FTX could take years or even decades: Lawyers

While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along with 130 affiliates filed for Chapter 11 bankruptcy protection in the United States on Nov. 11. Insolvency lawyer Stephen Earel, partner at Co Cordis in Australia said it will be an “enormous exercise” in the liquidation process to “realize” the crypto assets then work out how to distribute the funds, with the process potentially taking years, if…

Tohle ZMĚNÍ ETHEREUM navždy! Tohle to bude znamenat pro ETH…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blíží se nejdůležitější upgrade Etherea! Jmenuje se Merge a v tady si vysvětlíme, co to znamená pro Ethereum síť a ETH token. Ethereum je kritizováno za to, že v kryptoměnovém prostoru dělá málo inovací a ostatní altcoiny jej kryptoměnovou technologií předhánějí. V pozadí ale Ethereum pracuje na upgradech, které jsou plánované už roky dopředu a postupně do Etherea implementované. Jedním z nejdůležitějších upgradů sítě Ethereum je právě Merge, který nás čeká za několik měsíců a může znamenat obrovské změny. myslím, že k…

FTX owes over $3 billion to its 50 biggest creditors: Bankruptcy filing

According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district of Delaware, was filed as part of the company’s Chapter 11 bankruptcy proceedings. FTX discloses its top 50 creditors are owed $3.1 billion. The largest creditor is owed $226 million. All names were redacted. pic.twitter.com/JGeddvMB7w — Tom Dunleavy (@dunleavy89) November 20, 2022 The filing indicated that FTX owes the top individual alone in excess of $226…

Washington Post, Forbes, Wall Street Journal Slammed for ‘Puff Piece’ Reports on FTX and Alameda Execs – Bitcoin News

Following the highly criticized New York Times article that features commentary from the former CEO of FTX, Sam Bankman-Fried (SBF), the public continues to give the mainstream media flak for publishing “puff pieces” about SBF and the Alameda Research executive Caroline Ellison. A number of articles have been called out for being too lenient on the former FTX and Alameda executives and even going as far complimenting the individuals. Critics Say Specific FTX-Related Articles Published by Forbes, Washington Post, and the Wall Street Journal Give Praise to FTX and Alameda…

FTX fiasco means coming consequences for crypto in Washington DC

On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest cryptocurrency exchanges by volume — had filed for bankruptcy. Lawmakers and pundits quickly latched onto the rapid disintegration of FTX to call for more regulation of the crypto industry. “The most recent news further underscores these concerns [about consumer harm] and highlights why prudent regulation of cryptocurrencies is indeed needed,” said White House Press Secretary Karine Jean-Pierre. It remains unclear what exactly transpired at FTX. Reports…

🔴 உஷார் : நூதன முறையில் திருடும் HACKERS | Cryptojacking?- Mining Cryptocurrency | Cyber Alert Ep-25

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #CYBERALERT #HAMEED #Cryptojacking Cryptojacking is a type of cybercrime where a criminal secretly uses a victim’s computing power to generate cryptocurrency மேலும் எங்களை ஊக்கப்படுத்த Subscribe செய்யுங்கள். Indiaglitz ▶ NewsGlitz ▶ AvalGlitz ▶ TrendGlitz ▶ Kadhai Glitz ▶ ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

World Cup Predictions Live Now on Bitcoin.com Games, Predict Every Match to Win up to 500 Free Rounds at the Casino – Promoted Bitcoin News

🏆The much-awaited football-themed promotion ‘World Cup Predictions’ is now live! The world at large has set its eyes on the games happening at the FIFA World Cup 2022 in Qatar. Everyone at least knows one such person who is fanatically hyped up about their favorite teams or players on the roster. While professional players battle it out on the field, football enthusiasts can place their bets on the outcome of these world cup matches in the newly launched World Cup Predictions promotion by Bitcoin.com Games. 🎯Bet on your favorite games,…

TON, TWT, CHZ and QNT breakout amid traders’ crypto contagion fears

The FTX collapse continues to stoke fears of a contagion in the cryptocurrency space as investors wait to hear about businesses that may face the heat. One of the marquee names to come under the circle of suspicion is the Grayscale Bitcoin Trust (GBTC), which has seen its discount to Bitcoin’s (BTC) price reach record levels of about 50%. Traders hate uncertainty and shy away from investing during these periods. That could be one of the reasons for a lack of buying interest in Bitcoin even after the sharp fall…

Extreme Volatility When THIS Happens (Soon)!! | Bitcoin News Today & Ethereum Price Prediction

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Extreme Volatility When THIS Happens (Soon)!! | Bitcoin News Today & Ethereum Price Prediction Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and Bitcoin Price Prediction! Make sure to watch the WHOLE video so you DON’T MISS OUT on this IMPORTANT information & leave a LIKE and SUBSCRIBE for more videos like this! 💰 Learn Technical Analysis Here 👉 👈 🔥 Register on Bybit: 👉 👈 Get up to $4,030 Bonus and benefit from…