* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, May 22, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

    Wilmington’s future of fun: 5 recreation and entertainment spaces planned in the Port City – Wilmington Star-News

    Exciting Developments Ahead: 5 New Recreation and Entertainment Spaces Coming to Wilmington!

    Jason Momoa Is Done With Peace in Apple’s ‘Chief of War’ Teaser – Yahoo

    Jason Momoa Embraces Chaos in Gripping Teaser for Apple’s ‘Chief of War’

    AI Entertainment Studio Promise Inks Deal With Google, Raises Investment from Michael Ovitz’s Crossbeam – The Hollywood Reporter

    AI Entertainment Studio Promise Secures Major Deal with Google and Attracts Investment from Michael Ovitz’s Crossbeam!

    Jennifer Lawrence and Robert Pattinson Did This “Humiliating” Thing to Prep for Sex Scenes – Yahoo

    Jennifer Lawrence and Robert Pattinson’s Hilarious Preparation for Steamy Sex Scenes!

    Meet the Cast of FX’s New Comedy ‘Adults’ – WFXG

    Meet the Cast of FX’s New Comedy ‘Adults’ – WFXG

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

    Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Novotech Honored with Triple Win in 2025 Pharmaceutical Technology Excellence Awards – Morningstar

    Novotech Celebrates Triple Triumph at the 2025 Pharmaceutical Technology Excellence Awards!

    Experts Issue Warning on New TSA Technology – Men’s Journal

    Experts Sound Alarm Over New TSA Technology: What You Need to Know

    Cellino’s iPSC Manufacturing Technology Receives FDA Advanced Manufacturing Technology (AMT) Designation – Business Wire

    Cellino’s Groundbreaking iPSC Manufacturing Technology Earns FDA’s Advanced Manufacturing Designation!

    New technology adapting the study of Anatomy | Why’s Guy’s – WCIA.com

    Revolutionizing Anatomy: How Cutting-Edge Technology is Transforming the Study of the Human Body

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

    Wilmington’s future of fun: 5 recreation and entertainment spaces planned in the Port City – Wilmington Star-News

    Exciting Developments Ahead: 5 New Recreation and Entertainment Spaces Coming to Wilmington!

    Jason Momoa Is Done With Peace in Apple’s ‘Chief of War’ Teaser – Yahoo

    Jason Momoa Embraces Chaos in Gripping Teaser for Apple’s ‘Chief of War’

    AI Entertainment Studio Promise Inks Deal With Google, Raises Investment from Michael Ovitz’s Crossbeam – The Hollywood Reporter

    AI Entertainment Studio Promise Secures Major Deal with Google and Attracts Investment from Michael Ovitz’s Crossbeam!

    Jennifer Lawrence and Robert Pattinson Did This “Humiliating” Thing to Prep for Sex Scenes – Yahoo

    Jennifer Lawrence and Robert Pattinson’s Hilarious Preparation for Steamy Sex Scenes!

    Meet the Cast of FX’s New Comedy ‘Adults’ – WFXG

    Meet the Cast of FX’s New Comedy ‘Adults’ – WFXG

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

    Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Novotech Honored with Triple Win in 2025 Pharmaceutical Technology Excellence Awards – Morningstar

    Novotech Celebrates Triple Triumph at the 2025 Pharmaceutical Technology Excellence Awards!

    Experts Issue Warning on New TSA Technology – Men’s Journal

    Experts Sound Alarm Over New TSA Technology: What You Need to Know

    Cellino’s iPSC Manufacturing Technology Receives FDA Advanced Manufacturing Technology (AMT) Designation – Business Wire

    Cellino’s Groundbreaking iPSC Manufacturing Technology Earns FDA’s Advanced Manufacturing Designation!

    New technology adapting the study of Anatomy | Why’s Guy’s – WCIA.com

    Revolutionizing Anatomy: How Cutting-Edge Technology is Transforming the Study of the Human Body

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

FTX Considers Proposals from 3 Bidders to Revive Crypto Exchange: Report

October 25, 2023
in Business
FTX Considers Proposals from 3 Bidders to Revive Crypto Exchange: Report
Share on FacebookShare on Twitter

FTX Trading is now at a crossroads as it evaluates offers from three prospective bidders to resurrect its operations after falling into bankruptcy amidst a storm of fraud allegations.

The fate of this once-pioneering exchange will be decided by mid-December, according to Mr. Kevin Cofsky, the company’s investment banker from Perella Weinberg Partners.

FTX Contemplates Multiple Paths to Recovery

FTX is extensively negotiating with potential investors, exploring various avenues to relaunch the exchange. Options include selling the entire platform, including its list of more than nine million customers, or seeking a strategic partnership to facilitate its revival.

There’s also the possibility that FTX may embark on a solo journey to reboot its trading platform, as stated by Mr. Cofsky, who added, “We are engaging with multiple parties every day” while keeping the bidders’ identities confidential.

This development comes after a draft plan was submitted by FTX in late July, which proposed a strategy that involves dividing its creditors into separate groups of claimants. Additionally, the plan suggested a possible method for one of these groups to resurrect the dormant exchange with assistance from external investors.

The downfall of FTX was marked by the resignation of its co-founder, Sam Bankman-Fried, as Chief Executive in 2022. The company was forced to cease its trading operations due to financial turmoil.

Bankman-Fried is facing trial in New York for charges related to diverting FTX customer funds into another entity under his control. Allegedly, these funds were utilized for high-risk trades, political contributions, and extravagant property acquisitions, actions that ultimately led to the collapse of both companies.

FTX Nears Settlement in Contentious Disputes

Since filing for bankruptcy last year, FTX has diligently worked to raise funds to repay creditors. Court documents reveal that the administrators of FTX have thus far managed to recover approximately $7 billion in assets, including a substantial $3.4 billion in cryptocurrency holdings.

A major milestone has been achieved in the ongoing bankruptcy proceedings as FTX and its principal creditor groups have successfully resolved several contentious disputes. This development paves the way for the company to present a comprehensive payout plan in December, as confirmed by Andrew Dietderich, the firm’s attorney, during the court session.

Usually, these payout plans offer creditors an estimated percentage of recovery. However, in the case of FTX, the exact amount customers can expect to recover is uncertain. This uncertainty is closely linked to the potential value FTX can derive from a possible sale or revitalization of the exchange.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoPotato – https://cryptopotato.com/ftx-considers-proposals-from-3-bidders-to-revive-crypto-exchange-report/

Tags: businessConsidersProposals
Previous Post

Ethereum Price Outlook: Can ETH Hit $2k This Year as This Token Also Looks Poised to Surge

Next Post

Diggstown & How Music Enhances the Onscreen Experience

Indian Economy Well-Positioned to Navigate Headwinds, RBI Says – Bloomberg.com

RBI Confident: Indian Economy Ready to Tackle Challenges Ahead!

May 22, 2025
San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

May 22, 2025
VSP charges five teens who left Staunton mental health facility – Cville Right Now

Five Teens Face Charges After Leaving Staunton Mental Health Facility

May 22, 2025
Elon Musk says he’s going to reduce his political spending in the future – NBC News

Elon Musk Plans to Cut Back on Political Spending: What This Means for His Influence

May 22, 2025
Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

May 22, 2025
HIGH SCHOOL SPORTS: Rain washes out softball, baseball games – Hazleton Standard Speaker

HIGH SCHOOL SPORTS: Rain washes out softball, baseball games – Hazleton Standard Speaker

May 22, 2025
Water Ecological Restoration Market Analysis: Infrastructure – openPR.com

Unlocking the Future: A Deep Dive into the Water Ecological Restoration Market and Its Infrastructure

May 22, 2025
In ‘Anti-Science Move,’ FDA Expected to Broadly Restrict Access to Covid Vaccines – Common Dreams

FDA’s Controversial Decision: Major Restrictions on Covid Vaccine Access Ahead

May 22, 2025
Local fishery science experts speak out on state commission imposing catch limits and regulations on fishermen – WMDT

Local Fishery Experts Urge Action on New Catch Limits and Regulations for Fishermen

May 22, 2025
Why Protein Intake May Be Underserved in Lifestyle Advice – Medscape

Unlocking the Power of Protein: Why Your Diet Might Be Missing This Essential Nutrient

May 22, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (628)
  • Economy (642)
  • Entertainment (21,556)
  • General (15,224)
  • Health (9,684)
  • Lifestyle (646)
  • News (22,149)
  • People (644)
  • Politics (650)
  • Science (15,865)
  • Sports (21,152)
  • Technology (15,632)
  • World (631)

Recent News

Indian Economy Well-Positioned to Navigate Headwinds, RBI Says – Bloomberg.com

RBI Confident: Indian Economy Ready to Tackle Challenges Ahead!

May 22, 2025
San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

May 22, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version