Mt. Gox repayments will only cause Bitcoin sell pressure among paper hands Analyst

Only the holders with the least conviction will be selling Bitcoin on the Mt. Gox repayment news, according to popular on-chain analyst ZachXBT.

View Details

Mt. Gox trustee to start Bitcoin, Bitcoin Cash repayments in July

After a decade of anticipation, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange.

View Details

Over 400,000 FTX Users at Risk of Losing $2.5 Billion in Repayments

The recent article on FTX highlights the risk creditors face of losing $2.5 billion due to a missed KYC deadline. The failure to comply with Know Your Customer (KYC) regulations poses a significant threat to the funds held by FTX, potentially leading to substantial losses for creditors. KYC is a crucial aspect of financial transactions [...]

The post Over 400,000 FTX Users at Risk of Losing $2.5 Billion in Repayments appeared first on Crypto Breaking News.

View Details

Depegging of USDC and DAI Saves Borrowers $100 Million

The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days. (Read More)

View Details

FTX Creditors Share Insights and Strategies as Repayments Commence

FTX Creditors Share Insights on Repayment Plans and Lessons Learned from SBF Creditors of the cryptocurrency exchange FTX have recently spoken out about their experiences with repayment plans and the valuable lessons they have learned from interacting with FTX’s CEO, Sam Bankman-Fried. Many creditors have expressed their appreciation for the transparency and communication they received [...]

The post FTX Creditors Share Insights and Strategies as Repayments Commence appeared first on Crypto Breaking News.

View Details

FTX Creditors Share Insights and Strategies as Repayments Commence: Lessons Learned and Future Plans

FTX Creditors Share Insights on Repayment Strategies and Lessons Learned from SBF In a recent update on the FTX platform’s creditors’ meeting, participants discussed their plans for repayment and shared valuable insights gained from interacting with FTX CEO Sam Bankman-Fried (SBF). Creditors expressed a range of opinions on how to best handle the repayment process, [...]

The post FTX Creditors Share Insights and Strategies as Repayments Commence: Lessons Learned and Future Plans appeared first on Crypto Breaking News.

View Details

Backpack Exchange and FTX clash over FTX EU ownership

The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.

View Details

XRP hits 7-year peak amid bullish sentiment, FTX plans payouts: Finance Redefined

FTXs $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.

View Details

FTX to begin distributing $1.2B to creditors after Trump inauguration

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

View Details