Tag: FTX

FTX Creditors May Recover as Little as 9% After Adjusting for Crypto Prices

FTX creditors may receive far less than initially believed once payouts are adjusted for today’s inflated crypto valuations, according to Sunil, a prominent FTX creditor representative. In a Sunday post on X, Sunil estimated that the real crypto recovery rate for FTX creditors ranges between 9% and 46%, noting that the actual value could be even lower as Bitcoin (BTC), Ether (ETH) and Solana (SOL) prices have surged since the exchange’s collapse in 2022. “FTX creditors are not whole,” he wrote, adding that the exchange’s planned 143% fiat repayment doesn’t…

Bankman-Fried Blames Lawyers for FTX Collapse, Says $100B in Value Was Lost

The fallen FTX founder Sam Bankman-Fried is back on X, insisting his collapsed exchange wasn’t actually insolvent. He’s now claiming that outside lawyers strong-armed the company into filing for bankruptcy. Critics Torch Sam Bankman-Fried’s Latest Claims “FTX was never bankrupt, even when its lawyers shoved it into bankruptcy,” declared a document shared from Sam Bankman-Fried’s […] Source CryptoX Portal

FTX Was Never Insolvent, Claims SBF

Key Notes SBF claimed that FTX was never insolvent but collapsed due to a liquidity-driven bank run. He said that customers will recover up to 143% of their funds, with 98% already repaid more than owed. Critics dismiss his defense as revisionist, noting that victims were repaid at 2022’s depressed valuations. Sam Bankman-Fried, the founder of the bankrupt FTX exchange, claimed his platform was never truly insolvent but merely caught in a liquidity crunch. In a 14-page document dated Sept. 30, 2025, the former FTX CEO claims that the exchange…

SBF’s ‘Biggest Mistake’ Was Signing Over FTX To CEO John Ray

boss

Sam “SBF” Bankman-Fried, the founder and former CEO of the bankrupt cryptocurrency exchange FTX, said his “biggest mistake” during the $8 billion collapse was handing control of the company to new management — a decision he claims cost him a last-minute opportunity to save the firm. Bankman-Fried, once the leader of the $32 billion FTX exchange, is currently serving a 25-year prison sentence for seven felony charges related to the collapse of FTX and Alameda Research in November 2022, which resulted in an $8.9 billion loss of investor funds. Looking…

Do you need a Crypto Hardware Wallet?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Do you need a Crypto Hardware Wallet? —————————————————- 🔥 *Copy my Bull Market Portfolio* 🔥 1️⃣ Watch tutorial on Bull Market Bots: 2️⃣ Sign up to Pionex: 3️⃣ Claim deposit bonus: 4️⃣ Join our free community _The Coiners_ : 5️⃣ Copy my Bull Market Bots: Bitcoin: Ethereum: Solana: All Trading Strategies: Strategy Settings and History: —————————————————- *All Exchanges and Links* ✅ Pionex Exchange: (Best Trading Bots, KYC Friendly) ✅ Bitunix Exchange: ($5,500 Bonus, no KYC) ✅ ByBit Exchange: ($30,000 Bonus, KYC Needed)…

Important Security Tip Shared With FTX Creditors Amid Growing Scam

Key Notes Sunil has notified the public of a scam email trend, impersonating Kroll Restructuring Administration LLC in FTX payout distribution. The scam email claims that Kroll has partnered with Digital Disbursements for the remaining payout. Payoneer is the only distribution partner that has been added to BitGo and Kraken. Kroll Restructuring Administration LLC., the liquidator in charge of FTX reorganization plans, has reportedly been impersonated by bad actors. An FTX Creditor activist took to X to notify the public, citing that the perpetrators of the exploit utilized emails. He…

Coinbase’de Büyük Kriz! Şimdi Ne Olacak?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io (UYUMA PARAMIZI ÇALIYOLAR) Merhabalar ben Savaş ÇÜM kanalıma hoş geldiniz. ⚠️24 Saat Canlı Yayınlarda Oluşan Sinyallerde Bizimle Birlikte Trade İşlemlere Girebilmek İçin Lütfen Katıl Üyesi Olun⚠️ Yeni Telegram Kanalı: Ayrıcalıklardan yararlanmak için 🔔 Savaş ÇÜM Kanalına Abone Ol : 🤔🔥 📷 Instagram: 🐦 Twitter: Adıma Açılmış Sahte Hesaplara İnanmayın Dostlar. Tek Telegram Adresim 👉 ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 💯 Özel Ayrıcalıklara Sahip Olup Savaş ÇÜM Ailesine Katıl ❗️❗️ • KATIL BUTONU VE AYRICALIKLARI 👉 ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ———–ÖNEMLİ DUYURU————- ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⚠️ Bu kanalda yer alan yatırım bilgi,…

FTX Trust Seeks to Claw Back $1B from Genesis Digital

boss

The entity responsible for handling cryptocurrency exchange FTX’s bankruptcy filed a lawsuit seeking to recover more than $1 billion in funds sent by its former CEO, Sam “SBF” Bankman-Fried. In a Monday filing in the US Bankruptcy Court for the District of Delaware, the FTX Recovery Trust filed a complaint against crypto mining company Genesis Digital Assets (GDA), its affiliates and two of its co-founders as part of its efforts to recover $1.15 billion of “commingled and misappropriated funds.” According to the filing, the funds were directly tied to Bankman-Fried’s “fraud…

Coinbase Wallet & Advanced Einsteiger Tutorial | Beste Software Wallet?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💰 15€ Coinbase Bonus * ⚠️ Krypto-Steuern, CoinTracking (-10%) * 🤝 Krypto Wallet BitBox02: * 📈 14 Tage Kostenlos Insights & Analysen * ⚠️ Schütze deine Kryptos! ⚠️ Videos & Vergleich: Bitcoin Wallet BitBox02: * Krypto Wallet Ledger: * 💡 Social Media & Community 💡 Discord: Twitter: Instagram: —————————————————————————— ⏱ Timestamps: 0:00 Intro 1:33 Einführung 2:14 Registrierung 4:46 Standard-Version 6:40 Advanced-Version 15:01 Coinbase Wallet 23:12 Fazit —————————————————————————— 📜 Disclaimer: Keine Anlageberatung im Sinne des WpHG Sämtliche Inhalte dienen einzig der Information und…

FTX Recovery Trust Unlocks $1.6B for Creditors This Month

boss

The FTX Recovery Trust, the entity overseeing the distribution of funds from the bankrupt crypto exchange, announced a third tranche of distributions to creditors, worth about $1.6 billion. According to a Friday announcement, the distribution is scheduled for Sept. 30, and creditors should receive the funds in their accounts within three business days of the payment date. The third distribution includes a 6% payout for Dotcom Customer claims, a 40% distribution for US Customer Entitlement Claims and a 24% distribution for General Unsecured Claims and Digital Asset Loan Claims. Convenience…