A United States District Judge, Peter Castel, has approved a significant settlement agreement involving the now-defunct cryptocurrency exchange FTX, its affiliated trading firm Alameda Research, and the Commodity Futures Trading Commission (CFTC).

The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal.

A group of FTX creditors led by Sunil Kavuri has filed a formal objection to the restructuring plan submitted by the bankrupt exchange’s administrator. In court filings on June 5, the creditor groups argued that the proposed restructuring plan did not meet their group's best interest standards. Sunil Kavuri clearly pointed out in the objection that FTX’s bankruptcy reorganization plan has legal deficiencies because it contains some clauses that are not in line with the interests of creditors’ estates and does not properly handle issues related to property rights. These views are the main basis for his questioning of the plan. The creditor group’s dispute points The creditor group clearly pointed out that if FTX uses cash to repay debts, it will face a tax problem, and this

Top 10 Exchange Currency Circle Ranking As the cryptocurrency market flourishes, the number of exchanges has surged. Here are the top ten cryptocurrency exchanges currently: 1. Binance Binance is undoubtedly the largest exchange in the currency circle, known for its low transaction fees, extensive cryptocurrency selection and advanced trading technology. 2. Huobi.com is another large exchange headquartered in China. It offers a wide range of cryptocurrency and trading pairs, as well as futures and derivatives trading. 3.CoinbaseCoinbase is a US exchange known for its user-friendly interface and focus on compliance. It focuses on providing cryptocurrency services to institutions and individuals. 4.FTXFTX is a relatively new exchange,

In an unexpected turn, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan aimed at fully compensating creditors and customers. The plan also includes a substantial compensation offer to account for the time value of its investment. While customers were initially expected to be the main beneficiaries, the biggest winners from the repayment plan were not the customers themselves, but bankrupt traders. FTX Offers Full Refunds As Bitcoinist reports, FTX’s reorganization plan has been filed with the U.S. Bankruptcy Court for the District of Delaware, outlining the distribution of funds to customers affected by the exchange’s fraud scheme. The plan includes the centralized distribution of all the company's assets from its collapse in November 2022 to its creditors and customers. FTX has announced to the outside world its relationship with major economic interests

Sam Bankman-Fried (SBF) was a popular crypto entrepreneur. He gained significant popularity because of his crypto empire built under the FTX crypto exchange and the crypto hedge firm Alameda Research.

FTX has agreed to retrieve more than $600 million of Robinhood shares. The deal requires that Emergent Fidelity Technologies receive $14 million for administrative expenses.

FTXToken: A utility token that drives the development of the FTX ecosystem FTXToken (FTT) is a utility token issued by the FTX cryptocurrency exchange and is designed to power the FTX ecosystem and reward users. It has the following features: Transaction fee discount: FTT holders can enjoy transaction fee discounts when trading on FTX, and the discount ratio depends on the number of FTT held. Staking rewards: FTT holders can earn staking rewards by staking their tokens, and the rewards are issued in the form of FTT. Governance rights: FTT holders can participate in the governance of FTX, make suggestions and vote on the future development of the platform. Ecosystem incentives: FTT is used to reward participants in the FTX ecosystem, such as liquidity provision