Crypto

FTX to Distribute $2.2B to Creditors as Restructuring Nears Completion

FTX is set to distribute $2.2 billion to its creditors on March 31, marking a significant step towards the completion of its restructuring process. This distribution is expected to enable several classes of claims to achieve full recovery, alleviating some financial burdens faced by affected parties. The move comes as the cryptocurrency exchange continues to navigate its complex financial landscape following its bankruptcy filing. Stakeholders are optimistic about the impending repayments as the company works to stabilize its operations and restore trust with its creditors. FTX's ongoing efforts underscore the challenges and recovery potential within the crypto sector.

Crypto

$92M Lost in DSJ Exchange Ponzi Scheme: A Look at Crypto Laundering Tactics

The recent collapse of DSJ Exchange has revealed a staggering $92 million stolen within a week, drawing attention to the complex laundering methods used across multiple blockchains. Investigators have reported that the scheme employed a mix of layered transactions and decentralized finance (DeFi) tools to obscure the flow of funds.

Morgan Stanley Launches Retail Crypto Trading, Offering Lower Fees Than Coinbase

Morgan Stanley has announced the launch of retail crypto trading through E*Trade, positioning itself in the competitive cryptocurrency market. This marks the financial giant's first foray into direct retail crypto offerings. In a strategic move to attract customers, the fees associated with trading on Morgan Stanley'

Bitcoin Surges to $81K, Dominance at 61% Sparks Altseason Speculations

Bitcoin has climbed to $81,000, asserting a strong market presence with a dominance of 61%. This upward trend has triggered optimism for altcoins, which are beginning to display signs of recovery as liquidity starts to flow back into the market. Analysts suggest that an altseason could be on the

Read next