FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.
Category: FTX debtors
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Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.
FTX customers could get $9B shortfall claim payout by mid-2024
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.
FTX creditors unimpressed with exchange’s bankruptcy exit plan
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy.
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FTX Debtors Unveil Report That Identifies and Discusses Control Failures by Sam Bankman-Fried Led Management
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SBF’s inner circle received $3.2B, mainly from Alameda: Court filings
Billions worth of loans and payments flowed from FTX entities to Sam Bankman-Fried and five other former executives of FTX and Alameda Research.
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FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs
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FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
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FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings
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FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate
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