crypto exchange – WEB3Pulse

Rising Without Gains! FTX Restructuring Plan: Compensation for Claimants Based on “Bankruptcy Day Market Price”

FTX, a cryptocurrency exchange, filed for bankruptcy last year, leading to a legal battle and liquidation process. A revised restructuring plan by the bankruptcy team aims to repay billions to customers and creditors. However, using past cryptocurrency values has sparked controversy as it may lead to potential losses for creditors. Uncertainties remain regarding FTX’s relaunch and token valuation.

Settlement Between Binance and CFTC Approved by US Court

The U.S. District Court for Northern Illinois has approved a settlement in the Binance case, with former CEO Changpeng Zhao fined $150 million and Binance facing a $2.7 billion penalty for violating the Commodity Exchange Act and CFTC regulations. This resolves a legal dispute involving allegations of evading federal law and operating an illegal derivatives exchange.

Name	Price
Bitcoin (BTC)	$119,829.00
Ethereum (ETH)	$3,012.12
XRP (XRP)	$2.95
Tether (USDT)	$1.00
BNB (BNB)	$689.81
Solana (SOL)	$162.28
USDC (USDC)	$1.00
Dogecoin (DOGE)	$0.197192
TRON (TRX)	$0.302540
Lido Staked Ether (STETH)	$3,011.43