
FTX Begins $18B Repayments Tomorrow: What Creditors Need to Know
FTX prepares to initiate its massive creditor repayment program, offering up to 120.5% returns for small claims while Bitcoin holders face value cap challenges.
1H
-0.65%$0.0053
24H
4.76%$0.0367
7D
0.43%$0.0035
30D
-23.4%$0.2470
FTX prepares to initiate its massive creditor repayment program, offering up to 120.5% returns for small claims while Bitcoin holders face value cap challenges.
At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion.
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.
FTX token value plunged another 20% in the last 24 hours. Nearly $1 billion in FTT market value has eroded since the Binance episode.
FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX was incubated by Alameda Research, a cryptocurrency liquidity provider. FTX’s leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as:
A flash loan attack is a type of attack where a cyber thief takes out a flash loan from a lending protocol and uses it in conjunction with various types of gimmickry to manipulate the market. In this guide, we will look at some examples of past attacks as well as discuss how to prevent them.
Being a crypto enthusiast comes with the need to get familiar with common terms in the industry. If you have ever heard of digital signature and are curious about what it means and how it works, then the guide below will provide a clear understanding of it.