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FTX Creditors Can Now Choose Payoneer for Post-Bankruptcy Payments
#FTXbankruptcy
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025.
FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday.
Key Takeaways:
FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts.
The Chapter 11 repayment plan aims to return up to $16.5 billion to former customers.
Analysts warn the payouts could introduce short-term crypto market volatility.
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025, according to a June 10 announcement.
The move is aimed at expanding payment accessibility as FTX proceeds with its bankruptcy repayment plan, which began its second major distribution, totaling over $5 billion, at the end of May.
FTX Repayment Plan Targets $16.5B in Customer Payouts Under Chapter 11
The broader repayment effort, part of the Chapter 11 reorganization, is expected to return between $14.7 billion and $16.5 billion to former customers.
Despite Payoneer’s reach across 93 jurisdictions, some users have voiced frustration on social media, saying their countries are still excluded from the list of eligible payout regions.
Others remain critical of FTX’s valuation methodology, which calculates payouts based on crypto prices at the time of the exchange’s collapse in November 2022, when bitcoin was worth just $17,583, compared to over $109,000 today.
On May 30, the FTX Trust began distributing $5 billion to eligible creditors who completed pre-distribution requirements, targeting both the Convenience and Non-Convenience Classes.
Under the plan, Dotcom Customer Entitlement Claims are set to receive a 72% distribution, while US Customer Entitlement Claims will see a 54% payout.
Convenience Claims will receive a full 120% reimbursement. General Unsecured Claims and Digital Asset Loan Claims are scheduled for a 61% distribution.
The FTX reimbursements are being closely watched by crypto investors, as large liquidity injections from these payouts could impact digital asset markets.
Analysts warn that if recipients choose to offload or swap their recovered funds on retail exchanges, it could introduce short-term price volatility.
This was the second major disbursement since FTX’s collapse. The first round of payments, totaling $1.2 billion, was distributed on February 18 to claimants with less than $50,000 in approved claims.
Sam Bankman-Fried’s Release Date Set for 2044
FTX founder Sam Bankman-Fried is now projected to be released from federal prison on December 14, 2044, after serving less than 21 years of his 25-year sentence for fraud tied to the FTX collapse.
He was also fined over $11 billion. Federal records confirm that Bankman-Fried has been moved from New York to a transfer facility in Oklahoma following nearly two years behind bars.
The move comes after Bankman-Fried was reportedly placed in solitary confinement earlier this month for giving an unauthorized interview to Tucker Carlson.
His incarceration began in August 2023, after Judge Lewis Kaplan revoked his bail due to allegations of witness tampering involving leaked diary entries from former Alameda CEO Caroline Ellison, who was a key witness in the case.
Follow 🔥 Stay tuned for more updates 🚀😍🚀
$BNB
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025.
FTX has added global fintech firm Payoneer to its list of approved distributors for creditor payouts, the FTX Recovery Trust and FTX Digital Markets confirmed Tuesday.
Key Takeaways:
FTX has added Payoneer as a distributor for post-May 30, 2025 creditor payouts.
The Chapter 11 repayment plan aims to return up to $16.5 billion to former customers.
Analysts warn the payouts could introduce short-term crypto market volatility.
Payoneer becomes the third official distributor for FTX and the second for FTX Digital Markets, and will handle payments dated after May 30, 2025, according to a June 10 announcement.
The move is aimed at expanding payment accessibility as FTX proceeds with its bankruptcy repayment plan, which began its second major distribution, totaling over $5 billion, at the end of May.
FTX Repayment Plan Targets $16.5B in Customer Payouts Under Chapter 11
The broader repayment effort, part of the Chapter 11 reorganization, is expected to return between $14.7 billion and $16.5 billion to former customers.
Despite Payoneer’s reach across 93 jurisdictions, some users have voiced frustration on social media, saying their countries are still excluded from the list of eligible payout regions.
Others remain critical of FTX’s valuation methodology, which calculates payouts based on crypto prices at the time of the exchange’s collapse in November 2022, when bitcoin was worth just $17,583, compared to over $109,000 today.
On May 30, the FTX Trust began distributing $5 billion to eligible creditors who completed pre-distribution requirements, targeting both the Convenience and Non-Convenience Classes.
Under the plan, Dotcom Customer Entitlement Claims are set to receive a 72% distribution, while US Customer Entitlement Claims will see a 54% payout.
Convenience Claims will receive a full 120% reimbursement. General Unsecured Claims and Digital Asset Loan Claims are scheduled for a 61% distribution.
The FTX reimbursements are being closely watched by crypto investors, as large liquidity injections from these payouts could impact digital asset markets.
Analysts warn that if recipients choose to offload or swap their recovered funds on retail exchanges, it could introduce short-term price volatility.
This was the second major disbursement since FTX’s collapse. The first round of payments, totaling $1.2 billion, was distributed on February 18 to claimants with less than $50,000 in approved claims.
Sam Bankman-Fried’s Release Date Set for 2044
FTX founder Sam Bankman-Fried is now projected to be released from federal prison on December 14, 2044, after serving less than 21 years of his 25-year sentence for fraud tied to the FTX collapse.
He was also fined over $11 billion. Federal records confirm that Bankman-Fried has been moved from New York to a transfer facility in Oklahoma following nearly two years behind bars.
The move comes after Bankman-Fried was reportedly placed in solitary confinement earlier this month for giving an unauthorized interview to Tucker Carlson.
His incarceration began in August 2023, after Judge Lewis Kaplan revoked his bail due to allegations of witness tampering involving leaked diary entries from former Alameda CEO Caroline Ellison, who was a key witness in the case.
Follow 🔥 Stay tuned for more updates 🚀😍🚀
$BNB
FTX may deny compensation payments of $800 million to clients from 49 countries
The bankrupt cryptocurrency exchange FTX may block compensation payments totaling around $800 million to clients from 49 countries due to local restrictions on cryptocurrency trading. This decision, disclosed in court documents dated July 2, 2025, is causing disputes among investors. Among the countries affected by the restrictions are China, Russia, Saudi Arabia, and Ukraine. Chinese users have been hit the hardest, accounting for 82% of all frozen claims, amounting to hundreds of millions of dollars.
🚨 FTX Repayments Set for May 30 – But There’s a Catch! 💸💥
FTX creditors, mark your calendars—the collapsed exchange is set to begin major repayments on May 30. However, there’s a big downside:
🔹 BTC claims are worth only 20% of market price! 😱
🔹 Many creditors will receive far less than expected due to outdated valuation methods.
🔹 This raises questions about fair compensation and the handling of crypto bankruptcies.
📉 Are creditors getting a raw deal, or is this the best possible outcome? Let’s discuss! 👇
#FTXbankruptcy #BitcoinETFs #CryptoRepayments #FTXScandal #TodaysCryptoNews
FTX creditors, mark your calendars—the collapsed exchange is set to begin major repayments on May 30. However, there’s a big downside:
🔹 BTC claims are worth only 20% of market price! 😱
🔹 Many creditors will receive far less than expected due to outdated valuation methods.
🔹 This raises questions about fair compensation and the handling of crypto bankruptcies.
📉 Are creditors getting a raw deal, or is this the best possible outcome? Let’s discuss! 👇
#FTXbankruptcy #BitcoinETFs #CryptoRepayments #FTXScandal #TodaysCryptoNews
#FTXrepayment
🚨 FTX Repayment Update – Creditors Begin to Receive Funds! 💰
FTX has officially started repaying its creditors after receiving court approval for its bankruptcy plan. This marks a major milestone in the exchange’s collapse and recovery process.
📌 Key Updates:
✅ February 18, 2025 – First round of repayments began, targeting creditors with claims under $50,000 (the "Convenience Class"), distributing $1.2 billion.
✅ May 30, 2025 – Next phase for creditors with claims above $50,000.
✅ Total Repayment – Estimated between $14.5 billion and $16.5 billion.
✅ Creditor Recovery – 98% of creditors expected to be repaid, with at least 118% of their claim value in cash.
⚖️ Disclaimer: This update is for informational purposes only and does not constitute financial or legal advice. Please consult official sources or legal professionals for accurate details on your claim.
FTX’s repayment plan is being closely monitored as it plays a crucial role in the broader crypto market recovery. What are your thoughts? Share in the comments! 👇
#FTX
#FTXbankruptcy $BNB
🚨 FTX Repayment Update – Creditors Begin to Receive Funds! 💰
FTX has officially started repaying its creditors after receiving court approval for its bankruptcy plan. This marks a major milestone in the exchange’s collapse and recovery process.
📌 Key Updates:
✅ February 18, 2025 – First round of repayments began, targeting creditors with claims under $50,000 (the "Convenience Class"), distributing $1.2 billion.
✅ May 30, 2025 – Next phase for creditors with claims above $50,000.
✅ Total Repayment – Estimated between $14.5 billion and $16.5 billion.
✅ Creditor Recovery – 98% of creditors expected to be repaid, with at least 118% of their claim value in cash.
⚖️ Disclaimer: This update is for informational purposes only and does not constitute financial or legal advice. Please consult official sources or legal professionals for accurate details on your claim.
FTX’s repayment plan is being closely monitored as it plays a crucial role in the broader crypto market recovery. What are your thoughts? Share in the comments! 👇
#FTX
#FTXbankruptcy $BNB
US Court Rules FTX Doesn’t Have to Refund Users in Certain Countries 😂😂😂
#FTXbankruptcy
#Ftx❓
#TGblockchain
#FTXbankruptcy
#Ftx❓
#TGblockchain
🚾 FTX bankruptcy managers accused of extravagant spending
😡 FTX creditors have filed a lawsuit demanding stricter oversight of lawyers’ expenses during the cryptocurrency exchange’s bankruptcy proceedings.
Among the highlighted extravagant costs are repeated stays in five-star hotels in New York, Delaware, and Nassau, as well as inflated taxi expenses.
✅ For instance, a single lawyer from Alvarez & Marsal spent $1,733 on taxi rides in one week, while airfare costs reached up to $4,279 per trip.
#Ftx❓ #FTXbankruptcy #CryptoMarketDip #Write2Earn #CryptoNews
😡 FTX creditors have filed a lawsuit demanding stricter oversight of lawyers’ expenses during the cryptocurrency exchange’s bankruptcy proceedings.
Among the highlighted extravagant costs are repeated stays in five-star hotels in New York, Delaware, and Nassau, as well as inflated taxi expenses.
✅ For instance, a single lawyer from Alvarez & Marsal spent $1,733 on taxi rides in one week, while airfare costs reached up to $4,279 per trip.
#Ftx❓ #FTXbankruptcy #CryptoMarketDip #Write2Earn #CryptoNews
BREAKING: FTX HAVE STARTED DISTRIBUTION OF $16 BILLION TO ITS CREDITORS.
BREAKING: FTX HAVE STARTED DISTRIBUTION
OF $16 BILLION TO ITS CREDITORS. $BNB
$BTC
$ETH
IS MEGA PUMP COMING?
#FTXAuction #FTXbankruptcy #ftxpayback #CryptoNewsCommunity
OF $16 BILLION TO ITS CREDITORS. $BNB
$BTC
$ETH
IS MEGA PUMP COMING?
#FTXAuction #FTXbankruptcy #ftxpayback #CryptoNewsCommunity
JUST IN: 🇺🇸 Sam Bankman-Fried files for retrial in FTX fraud case.
#FTX #FTXbankruptcy #Bankman-Fried
$XRP $ETH $BTC
#FTX #FTXbankruptcy #Bankman-Fried
$XRP $ETH $BTC
The White House said President Trump will not pardon Sam Bankman-Fried. That means he won’t step in to reduce or cancel his sentence. The former FTX CEO was found guilty after the crypto exchange collapsed, causing billions of dollars in losses for customers.
With this decision, there will be no special help from the president. Bankman-Fried will continue serving his sentence as decided by the court.
#FTXbankruptcy
#Bankman-Fried
#VitalikSells
#TrumpNewTariffs
#Binance
With this decision, there will be no special help from the president. Bankman-Fried will continue serving his sentence as decided by the court.
#FTXbankruptcy
#Bankman-Fried
#VitalikSells
#TrumpNewTariffs
#Binance
Yesterday, the Judge approved the motion to extend the FTX Recovery Trust’s deadline to object to claims— from January 3, 2026, to January 4, 2027.
While many creditors on Twitter have overlooked this update, it carries significant implications.
This extension means repayment timelines for creditors who haven’t yet received a distribution are pushed further out, as FTX now has no obligation to accelerate the approval of pending claims.
Creditors in restricted jurisdictions should pay particular attention: this is not a good sign.
We do not expect a quick resolution for these creditors. In fact, there’s a high risk they will end up waiting until the very end of the distribution process, only to revisit the same debate about whether these claims are payable — especially given the Recovery Trust’s already-clear stance.
NFA — We know this isn’t the outcome many hoped for, but we’re here to support you however we can, whether you want to sell or opt in for payment processing at highly competitive rates.
At this stage, we encourage everyone to explore their options. We’re always one message away if you want a solution that actually works for you
👈
Below is a real chat with one of our clients.
#FTXbankruptcy #FTX $SOL $FTT
While many creditors on Twitter have overlooked this update, it carries significant implications.
This extension means repayment timelines for creditors who haven’t yet received a distribution are pushed further out, as FTX now has no obligation to accelerate the approval of pending claims.
Creditors in restricted jurisdictions should pay particular attention: this is not a good sign.
We do not expect a quick resolution for these creditors. In fact, there’s a high risk they will end up waiting until the very end of the distribution process, only to revisit the same debate about whether these claims are payable — especially given the Recovery Trust’s already-clear stance.
NFA — We know this isn’t the outcome many hoped for, but we’re here to support you however we can, whether you want to sell or opt in for payment processing at highly competitive rates.
At this stage, we encourage everyone to explore their options. We’re always one message away if you want a solution that actually works for you
👈
Below is a real chat with one of our clients.
#FTXbankruptcy #FTX $SOL $FTT
FTX to Repay Creditors $11.4B by May 2025: A Landmark Bankruptcy Payout
The bankrupt cryptocurrency exchange FTX has confirmed plans to repay its main creditors by May 30, 2025, marking one of the largest insolvency payouts in financial history. According to Bloomberg, the repayment will be made in cash, totaling $11.4 billion, drawn from the exchange’s reclaimed assets.
FTX’s Bankruptcy and Asset Recovery
FTX filed for Chapter 11 bankruptcy in November 2022 after founder Sam Bankman-Fried (SBF) was exposed for misappropriating client funds to cover losses at his hedge fund, Alameda Research. The collapse left over 1 million creditors trapped in one of the most notorious financial scandals in crypto history.
Since then, CEO John J. Ray III, known for overseeing Enron’s liquidation, has successfully recovered between $14.7 billion and $16.5 billion in assets. These include tech investments, real estate holdings, and digital assets, which benefited from Bitcoin’s surge in value.
FTX Creditors to Receive 119% Repayment
A court-approved restructuring plan, ratified in October 2024, ensures that creditors will receive 119% of their claims, an exceptional outcome in bankruptcy cases.
Smaller creditors with claims under $50,000 have already started receiving payments, with 98% of minor creditors expected to be fully compensated within two months of the repayment plan’s activation.
However, not all creditors are satisfied. Some have pushed for crypto-based repayments, citing Bitcoin’s substantial gains since 2022. However, U.S. Bankruptcy Judge John Dorsey has ruled that all reimbursements must be in cash, based on 2022 claim valuations.
What This Means for the Crypto Industry
FTX’s collapse exposed critical regulatory gaps in the crypto market, fueling global calls for stricter oversight to protect investors while balancing industry innovation.
The successful execution of this payout may restore confidence in crypto markets, reinforcing the need for better risk management in digital asset exchanges. However, for many creditors, the lack of crypto-denominated reimbursements remains a missed opportunity.
With Bankman-Fried sentenced to 25 years in prison and ordered to pay $11 billion in penalties, the saga of FTX’s collapse is nearing its final chapter—but its impact on the industry will be felt for years to come.
The post appeared first on CryptosNewss.com
#FTX #FTXbankruptcy $FTT
FTX’s Bankruptcy and Asset Recovery
FTX filed for Chapter 11 bankruptcy in November 2022 after founder Sam Bankman-Fried (SBF) was exposed for misappropriating client funds to cover losses at his hedge fund, Alameda Research. The collapse left over 1 million creditors trapped in one of the most notorious financial scandals in crypto history.
Since then, CEO John J. Ray III, known for overseeing Enron’s liquidation, has successfully recovered between $14.7 billion and $16.5 billion in assets. These include tech investments, real estate holdings, and digital assets, which benefited from Bitcoin’s surge in value.
FTX Creditors to Receive 119% Repayment
A court-approved restructuring plan, ratified in October 2024, ensures that creditors will receive 119% of their claims, an exceptional outcome in bankruptcy cases.
Smaller creditors with claims under $50,000 have already started receiving payments, with 98% of minor creditors expected to be fully compensated within two months of the repayment plan’s activation.
However, not all creditors are satisfied. Some have pushed for crypto-based repayments, citing Bitcoin’s substantial gains since 2022. However, U.S. Bankruptcy Judge John Dorsey has ruled that all reimbursements must be in cash, based on 2022 claim valuations.
What This Means for the Crypto Industry
FTX’s collapse exposed critical regulatory gaps in the crypto market, fueling global calls for stricter oversight to protect investors while balancing industry innovation.
The successful execution of this payout may restore confidence in crypto markets, reinforcing the need for better risk management in digital asset exchanges. However, for many creditors, the lack of crypto-denominated reimbursements remains a missed opportunity.
With Bankman-Fried sentenced to 25 years in prison and ordered to pay $11 billion in penalties, the saga of FTX’s collapse is nearing its final chapter—but its impact on the industry will be felt for years to come.
The post appeared first on CryptosNewss.com
#FTX #FTXbankruptcy $FTT
BREAKING!
An estimated 400,000 users of the cryptocurrency exchange #FTX are at risk of losing a total of $2.5 billion in repayments.
This is due to a potential security breach that could have exposed private keys, which are needed to access and transfer funds on the exchange.
FTX has stated that they have taken steps to prevent any unauthorized access and are working to secure the affected accounts.
However, users are advised to change their passwords and enable two-factor authentication as a precaution.
#cryptoNews #crypto #FTXbankruptcy
An estimated 400,000 users of the cryptocurrency exchange #FTX are at risk of losing a total of $2.5 billion in repayments.
This is due to a potential security breach that could have exposed private keys, which are needed to access and transfer funds on the exchange.
FTX has stated that they have taken steps to prevent any unauthorized access and are working to secure the affected accounts.
However, users are advised to change their passwords and enable two-factor authentication as a precaution.
#cryptoNews #crypto #FTXbankruptcy
#FTXCreditorPayouts
#FTXCreditorPayouts 🚨
Creditors of FTX are finally seeing progress as repayments begin after the exchange’s collapse in 2022. Billions are expected to be distributed in phases, bringing partial relief to affected users. Recovery timelines and payout percentages may vary.$FIDA $BID
$U
#FTXbankruptcy #FTT赔款 #YZiLabsInvestsInRoboForce
#FTXCreditorPayouts 🚨
Creditors of FTX are finally seeing progress as repayments begin after the exchange’s collapse in 2022. Billions are expected to be distributed in phases, bringing partial relief to affected users. Recovery timelines and payout percentages may vary.$FIDA $BID
$U
#FTXbankruptcy #FTT赔款 #YZiLabsInvestsInRoboForce
FTX refunding starting tomorrow 18/02 , could kickstart a price up rally?
#CryptoLovesLiquidity
#FTXbankruptcy
FTX is set to begin refunding small creditors on February 18, 2025, marking a significant milestone in its bankruptcy proceedings. Creditors with approved claims of $50,000 or less will receive full repayment, including 9% annual interest from November 11, 2022, the date of FTX's bankruptcy filing. These funds will be distributed through verified BitGo accounts linked to the claimants' registered email addresses.
Analysts estimate that approximately $2.4 billion could re-enter the cryptocurrency market following these repayments. This influx of capital has the potential to inject liquidity into the market, possibly influencing the prices of major cryptocurrencies. However, it's important to note that a portion of the claims, about $3.9 billion, has been acquired by credit funds, which may not reinvest in crypto assets. Additionally, around 33% of the remaining claims are associated with sanctioned countries or individuals lacking proper verification, which could affect the overall impact on the market.
While the repayments may provide a temporary boost in liquidity, the long-term effect on the cryptocurrency market will depend on various factors, including how recipients choose to utilize their refunded assets and broader market conditions.
#FTXbankruptcy
FTX is set to begin refunding small creditors on February 18, 2025, marking a significant milestone in its bankruptcy proceedings. Creditors with approved claims of $50,000 or less will receive full repayment, including 9% annual interest from November 11, 2022, the date of FTX's bankruptcy filing. These funds will be distributed through verified BitGo accounts linked to the claimants' registered email addresses.
Analysts estimate that approximately $2.4 billion could re-enter the cryptocurrency market following these repayments. This influx of capital has the potential to inject liquidity into the market, possibly influencing the prices of major cryptocurrencies. However, it's important to note that a portion of the claims, about $3.9 billion, has been acquired by credit funds, which may not reinvest in crypto assets. Additionally, around 33% of the remaining claims are associated with sanctioned countries or individuals lacking proper verification, which could affect the overall impact on the market.
While the repayments may provide a temporary boost in liquidity, the long-term effect on the cryptocurrency market will depend on various factors, including how recipients choose to utilize their refunded assets and broader market conditions.
FTX Challenges $1.53B Claim from Three Arrows Capital
#FTX has filed a strong objection to a $1.53 billion claim by 3AC’s liquidators, stating the hedge fund’s losses were self-inflicted due to high-risk trading—not FTX’s actions. The legal filing disputes the account balance calculations and defends a prior $82M liquidation as contractually justified. A hearing is set for August 12. #CryptoNews #3AC #FTXbankruptcy
#FTX has filed a strong objection to a $1.53 billion claim by 3AC’s liquidators, stating the hedge fund’s losses were self-inflicted due to high-risk trading—not FTX’s actions. The legal filing disputes the account balance calculations and defends a prior $82M liquidation as contractually justified. A hearing is set for August 12. #CryptoNews #3AC #FTXbankruptcy
At the hearing, the judge disagreed with the proposal of the lawyers from Sullivan & Cromwell (who represent the FTX Recovery Trust) to limit payments to creditors in certain countries.
The judge stated that it is too early to do this now. Laws may change, and such restrictions would then be unfair.
The lawyers agreed to hold off for now and wait for more clarity. They reminded that claims from "problematic" countries have not yet been recognized and will not be included in the upcoming payments.
The judge emphasized that creditors can still sell their claims or transfer them to other jurisdictions while the issue is not finally resolved.
What this means in practice
If you are an FTX creditor, your claims will not be automatically rejected just because of your country of residence.
As long as the situation is unclear, you can sell your claims or change jurisdiction.
For countries with "limited access," payments are delayed, but this may change in the future.
What's next
monitor changes in laws,
engage independent lawyers for consultations,
return to this issue later when more clarity emerges.
#FTXbankruptcy #FTXAuction $SOL $FTT
The judge stated that it is too early to do this now. Laws may change, and such restrictions would then be unfair.
The lawyers agreed to hold off for now and wait for more clarity. They reminded that claims from "problematic" countries have not yet been recognized and will not be included in the upcoming payments.
The judge emphasized that creditors can still sell their claims or transfer them to other jurisdictions while the issue is not finally resolved.
What this means in practice
If you are an FTX creditor, your claims will not be automatically rejected just because of your country of residence.
As long as the situation is unclear, you can sell your claims or change jurisdiction.
For countries with "limited access," payments are delayed, but this may change in the future.
What's next
monitor changes in laws,
engage independent lawyers for consultations,
return to this issue later when more clarity emerges.
#FTXbankruptcy #FTXAuction $SOL $FTT
THE TERRA & FTX COLLAPSES 2017 ~ $LUNA
Sam Bankman‑Fried siphoned billions of customer funds at FTX, leading to fraud convictions.
A 2022 Collapse that sent Bitcoin to $15K, while Do Kwon’s Terra/LUNA fraud wiped out ~$40B, misleading investors and sparking global regulatory reforms.
#FTXbankruptcy #SamBankman-Fried #2017Crypto
Sam Bankman‑Fried siphoned billions of customer funds at FTX, leading to fraud convictions.
A 2022 Collapse that sent Bitcoin to $15K, while Do Kwon’s Terra/LUNA fraud wiped out ~$40B, misleading investors and sparking global regulatory reforms.
#FTXbankruptcy #SamBankman-Fried #2017Crypto
Today’s Trade PNL
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MARKET MOVING NEWS
🔔 MARKET MOVING NEWS! (02/01/25)
1️⃣ Illegal Crypto Ads Prevail In UK Despite FCA Warning
According to a Financial Times report, illegal crypto ads continue to appear in the United Kingdom (U.K.) despite the fact that the U.K.’s Financial Conduct Authority (FCA) is asking crypto projects to remove their advertisements targeting the country. The report states that only 54% of the 1,702 alerts issued by the FCA between October 2023 and October 2024 ended in illegal crypto ads being taken down. The FCA has yet to penalise the remaining companies that failed to remove crypto ads violating its rules.
2️⃣ Elon Musk’s Bizarre Name Change On X Turns Trader’s $66 Into $3M Profit 🕯
According to blockchain analytics firm Lookonchain, one lucky memecoin trader managed to turn $66 into almost $3 million in just 18 days after they bought a meme based on Tesla founder Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme. Specifically, onchain data shows that the trader bought 10.17 million Kekius Maximus (KEKIUS) tokens on Dec. 14. They then sold 2.81 million KEKIUS tokens for 60.3 ETH on Jan. 1 while holding the rest, making an eye-popping 45,900-fold paper gain.
#ElonMuskTwitter
3️⃣ Celsius To Appeal Order That Disallowed Its $444M Claim Against FTX 🔍
Defunct crypto lending platform Celsius has reportedly filed a notice of appeal against a court order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case. For context, Celsius had filed two claims that sought to claw back hundreds of millions from FTX. The first claim sought $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. The second claim, which was a revised version of the first claim, sought damages of $444 million by focusing on “preferential transfers” that gave special treatment to some creditors and not others. However, Judge John T. Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim were insufficient to preserve their preference claims. The appeal now seeks to reverse Judge John T. Dorsey’s order.
#FTXbankruptcy
4️⃣ Floki DAO Approves ETP Funding In Unanimous Vote ‼️
According to a Cointelegraph report, the Floki DAO has unanimously voted to use a portion of the FLOKI tokens present in its community buyback wallet as liquidity for the upcoming Floki exchange-traded product (ETP) in Europe. The ETP will reportedly go live on the SIX Swiss Exchange in the first quarter of 2025. Notably, the SIX Swiss Exchange is the largest stock exchange in Switzerland and the third largest stock exchange in Europe. A spokesperson for Floki said the ETP listing would add legitimacy to the community-driven memecoin.
5️⃣ Uniswap Teases V4 Is ‘Coming Soon’ After Missing Its Q3 Target Last Year ❓
Decentralised exchange Uniswap reportedly posted an image teasing the imminent release of Uniswap v4. Specifically, the image made with unicode showed the year 2025 with the caption “v4 is coming soon.” However, it didn’t indicate when it will be launched this year. Notably, this “teaser” comes after the DEX missed its earlier target of Q3 2024 for the launch of v4.
Uniswap v4 is expected to introduce new key features such as Hooks, which will allow developers to execute custom code before and after swaps. This will enable additional functionality like limit orders, custom oracles, fee management and automated liquidity management. It will also include dynamic fees, gas savings, flash accounting, native ETH support and multiple pool types.
#Uniswap’s
6️⃣ Memecoin Launcher Pump.Fun's Deposits To Crypto Exchange Kraken Surpass $300 Million ☄️
According to onchain analytics firm Lookonchain, the memecoin launchpad Pump.fun moved 120,000 SOL (worth about $15 million) to crypto exchange Kraken on Jan. 1st. The latest deposit brings pump.fun’s total deposits to Kraken at 1,500,893 SOL (worth over $300 million). The post noted that pump.fun has sold 264,373 SOL for 41.64 million USDC. Lookonchain also reported that the memecoin launchpad has earned 2,016,391 SOL tokens to date, pushing its total revenue to nearly $398 million.
#Crypto2025Trands #CryptoAMA
1️⃣ Illegal Crypto Ads Prevail In UK Despite FCA Warning
According to a Financial Times report, illegal crypto ads continue to appear in the United Kingdom (U.K.) despite the fact that the U.K.’s Financial Conduct Authority (FCA) is asking crypto projects to remove their advertisements targeting the country. The report states that only 54% of the 1,702 alerts issued by the FCA between October 2023 and October 2024 ended in illegal crypto ads being taken down. The FCA has yet to penalise the remaining companies that failed to remove crypto ads violating its rules.
2️⃣ Elon Musk’s Bizarre Name Change On X Turns Trader’s $66 Into $3M Profit 🕯
According to blockchain analytics firm Lookonchain, one lucky memecoin trader managed to turn $66 into almost $3 million in just 18 days after they bought a meme based on Tesla founder Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme. Specifically, onchain data shows that the trader bought 10.17 million Kekius Maximus (KEKIUS) tokens on Dec. 14. They then sold 2.81 million KEKIUS tokens for 60.3 ETH on Jan. 1 while holding the rest, making an eye-popping 45,900-fold paper gain.
#ElonMuskTwitter
3️⃣ Celsius To Appeal Order That Disallowed Its $444M Claim Against FTX 🔍
Defunct crypto lending platform Celsius has reportedly filed a notice of appeal against a court order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case. For context, Celsius had filed two claims that sought to claw back hundreds of millions from FTX. The first claim sought $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. The second claim, which was a revised version of the first claim, sought damages of $444 million by focusing on “preferential transfers” that gave special treatment to some creditors and not others. However, Judge John T. Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim were insufficient to preserve their preference claims. The appeal now seeks to reverse Judge John T. Dorsey’s order.
#FTXbankruptcy
4️⃣ Floki DAO Approves ETP Funding In Unanimous Vote ‼️
According to a Cointelegraph report, the Floki DAO has unanimously voted to use a portion of the FLOKI tokens present in its community buyback wallet as liquidity for the upcoming Floki exchange-traded product (ETP) in Europe. The ETP will reportedly go live on the SIX Swiss Exchange in the first quarter of 2025. Notably, the SIX Swiss Exchange is the largest stock exchange in Switzerland and the third largest stock exchange in Europe. A spokesperson for Floki said the ETP listing would add legitimacy to the community-driven memecoin.
5️⃣ Uniswap Teases V4 Is ‘Coming Soon’ After Missing Its Q3 Target Last Year ❓
Decentralised exchange Uniswap reportedly posted an image teasing the imminent release of Uniswap v4. Specifically, the image made with unicode showed the year 2025 with the caption “v4 is coming soon.” However, it didn’t indicate when it will be launched this year. Notably, this “teaser” comes after the DEX missed its earlier target of Q3 2024 for the launch of v4.
Uniswap v4 is expected to introduce new key features such as Hooks, which will allow developers to execute custom code before and after swaps. This will enable additional functionality like limit orders, custom oracles, fee management and automated liquidity management. It will also include dynamic fees, gas savings, flash accounting, native ETH support and multiple pool types.
#Uniswap’s
6️⃣ Memecoin Launcher Pump.Fun's Deposits To Crypto Exchange Kraken Surpass $300 Million ☄️
According to onchain analytics firm Lookonchain, the memecoin launchpad Pump.fun moved 120,000 SOL (worth about $15 million) to crypto exchange Kraken on Jan. 1st. The latest deposit brings pump.fun’s total deposits to Kraken at 1,500,893 SOL (worth over $300 million). The post noted that pump.fun has sold 264,373 SOL for 41.64 million USDC. Lookonchain also reported that the memecoin launchpad has earned 2,016,391 SOL tokens to date, pushing its total revenue to nearly $398 million.
#Crypto2025Trands #CryptoAMA
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