Search
FTX user sues hedge fund over bankruptcy profits
11.10.2024
Nikolas Gierczyk alleged that the hedge fund that bought his FTX claims refused to honor their agreement, which allows additional recovery for his funds.
FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
25.3.2024
Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer...
End of the Line for OPNX, Built by Three Arrows Co-Founders Zhu and Davies
2.2.2024
OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid Three Arrows Co-Founders’ Legal Troubles...
FTX creditor claims heat up as bankruptcy proceedings drive forward
23.10.2023
The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday
FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets
28.9.2023
According to a Wednesday report by digital assets platform Matrixport, the market value of bankruptcy claims against crypto exchange FTX has more than tripled this year. This comes ahead of the founder and CEO Sam Bankman-Fried's impending criminal trial set to begin next week....
Read More:...
FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B
28.9.2023
The expected payout to FTX creditors has reached 37 cents on the dollar, the highest since the company’s bankruptcy filing in late 2022. One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”
A Lehman Opportunity — Distressed-Debt Titans Eye Huge Returns in FTX Claims Market
23.9.2023
Prominent distressed-debt moguls are diving into the FTX bankruptcy claims arena, seizing debts at bargain prices with aspirations of lofty profits. This year, Silver Point Capital, Diameter Capital Partners, and Attestor Capital have acquired over $250 million in FTX claims, court records reveal....
FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears
20.7.2023
Multiple FTX users have received a "reset password" request from the defunct exchange's official email address as it appears a hacker is attempting to secure control of user's bankruptcy claims
3AC co-founders' OPNX exchange onboards FTX, Celsius bankruptcy claims
14.7.2023
Claims can be converted into collateral to trade crypto futures on the exchange
FTX, Celsius Bankruptcy Claims Can Now Be Sold on OPNX
14.7.2023
Users who held assets on bankrupt crypto firms FTX and Celsius Network can now trade their claims on the Open Exchange (OPNX)
FTX Customers Have Until End-September to Submit Bankruptcy Claims
29.6.2023
Former customers will receive an email containing a link to the Customer Claims Portal
Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
1.6.2023
Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform
FTX Bankruptcy Claims Another Casualty: Web3 Video Game Storybook Brawl Shuts Down – Here's the Latest
26.4.2023
At this point, one would have thought the FTX domino effect was over, but the latest report suggests the opposite.
After forcing many over-leveraged firms to close shop, the FTX liquidity crunch has claimed the another crypto-related business.
The latest Bloomberg report revealed that Storybook...
DRW Denies Investing in OPNX, Distancing Itself From 3AC Founders’ Bankruptcy Claims Exchange
21.4.2023
OPNX had included DRW in list of "major investors" in a tweet earlier Friday
Susquehanna, DRW Are Among Backers of Bankruptcy Claims Exchange OPNX, the Firm Tweets
21.4.2023
Other investors include U.S. options exchange MIAX Group and Saudi digital asset fund Tuwaiq, OPNX said Friday
Bankruptcy Claims Exchange OPNX Stumbles Out of the Gate
5.4.2023
Bankruptcy claims exchange OPNX has struggled in terms of trading volume one day after it went live, the exchange's native token, FLEX, is is down by 26% in the past 24-hours
FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets
20.2.2023
Distressed asset funds can pick up FTX bankruptcy claims for around 20 cents on the dollar in hidden over-the-counter (OTC) markets, a person familiar with the matter told CoinDesk
Founders of Failed Three Arrows Capital Launch Trading Platform for Bankruptcy Claims – Here's What You Need to Know
10.2.2023
Su Zhu and Kyle Davies, the two founders of now-bankrupt crypto hedge fund Three Arrows Capital, has launched a new platform for trading in crypto-related bankruptcy claims.
Writing on Twitter on Thursday, former Three Arrows Capital (3AC) CEO Su Zhu announced that the new trading platform, named...
Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims
9.2.2023
Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC
Ukraine’s Deputy Digital Minister Rejects ‘FTX-Democrats Narrative’
16.11.2022
Claims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested such funds have been returning to the U.S. via FTX donations for the Democratic Party. Kyiv...