Wednesday, April 23, 2025
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FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings

Plaintiffs of the new class action lawsuit, exchange customers Austin Onusz, Cedric Kees Van Putten, Nicholas J. Marshall and Hamad Dar and "all others similarly situated," want FTX customers to have "priority to repayment of customer property," and want the court to declare that any customer property held on behalf

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Mt. Gox creditors fail to set repayment date, but markets to remain unaffected

Eight years ago, in 2014, the crypto world was rocked by the crippling hack of Mt. Gox, a popular Bitcoin (BTC) exchange, which was forced to shut down after miscreants were able to make away with approximately 850,000 BTC, worth more than $16 billion at today’s exchange rates. At the time

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Mt.Gox’s 137,000 Bitcoin Repayment Plan Delayed, Analyst Says Fear Was Unwarranted

Summary: Michaël van de Poppe opined that Mt.Gox’s Bitcoin repayment process wouldn’t tank the market.The defunct exchange was scheduled to reimburse creditors over 100,000 BTC tokens starting this August but further delays emergedNorth of 750,000 Bitcoin tokens was stolen from the Tokyo-based platform in a massive hack in February 2014.News of

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Fei Protocol founder proposes ghosting Tribe DAO following hack repayment

An attack in April 2022, which drained off nearly $80 million from various Rari Fuse pools, required the decentralized finance (DeFi) platform Fei Protocol to come up with a solution that minimizes damage to the ecosystem. Fei Labs’ latest proposal, which partly recommends revoking participation from Tribe DAO, received mixed

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