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Asset management firm Pantera Capital has emerged as one of the successful bidders in an auction of discounted Solana (SOL) tokens conducted by the liquidators overseeing the bankruptcy of the former FTX cryptocurrency exchange.
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In a courtroom drama that has captivated the cryptocurrency world, the sentencing day for Sam Bankman-Fried, co-founder of the now-bankrupt crypto exchange FTX, has arrived. As the hearing unfolded, it became increasingly clear that the fallen crypto mogul could be handed the harshest punishment.
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FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried.
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Bankrupt crypto exchange FTX will sell two-thirds of its stake in artificial intelligence (AI) startup Anthropic for $884 million, according to a Bloomberg report. The move comes as FTX seeks to repay its creditors and bolster its cash reserves.
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Former FTX customers, left uncertain of the fate of their funds after the collapse of the now-bankrupt crypto exchange, have turned their misfortune into a potentially profitable venture.
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London-based boutique distressed asset trading firm Attestor Ltd. experienced a significant bonanza as the value of crypto assets purchased from Sam Bankman-Fried’s FTX crypto exchange soared.
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In a significant development, crypto lender BlockFi has reached an “in principle” agreement with the estates of bankrupt FTX and its trading arm Alameda Research to settle nearly $1 billion in claims.
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In a recent investigation by The New York Times, new revelations have come to light regarding the involvement of Sam Bankman-Fried, the disgraced co-founder of FTX, with Solana’s native cryptocurrency, SOL, and his ongoing legal battle.
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According to a Bloomberg report, Sam Bankman-Fried, the founder of now-bankrupt crypto exchange FTX, will make a “rare” court appearance in New York on Wednesday after being convicted in November for a multi-billion dollar fraud involving cryptocurrency customers.
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A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s.
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