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FTX Starts Creditor Repayments on Feb 18 FTX will commence $16 billion in creditor repayments on February 18, 2025. The first phase will involve $6.5-$7 billion, with payouts based on the prices from November 2022. More details: Cryptomode #FTX#Crypto#Payments#InvestorUpdates#Bankruptcy

FTX to Repay Creditors in February FTX will begin repaying creditors with claims under $50,000 starting February 18, 2025, at 10:00 a.m. ET. Once payments are made, all associated claims will be canceled. Details here. #FTX#Crypto#VC#Claims#Payments#Bankruptcy#Investors

FTX Client Claims Total $1.2 Billion FTX clients with claims under $50,000 total $1.2 billion, says creditor group representative Sunil Kavoury. Claims filing extended until January 20, with payments likely in February. Kraken initiates emails to clients for bankrupt FTX withdrawals, with payments under $50,000 expected within 60 days. BitGo might follow soon. #FTX#Kraken#Bankruptcy#Crypto#Payments#Finance#Investments#Claim#BitGo#Withdrawals#AI

FTX Denies Backpack Exchange Acquisition Claims FTX refutes Backpack Exchange's announcement of acquiring FTX EU. Bankruptcy court clarifies Backpack lacks authority over assets, which belong to FTX Europe AG. FTX accuses Backpack of misleading information dissemination. #FTX#BackpackExchange#Bankruptcy#Crypto#News#Market#Finance#Trading#EU#Assets#Investments#Blockchain#Fundraising#Investors#DeFi#GameFi#Innovation#Tech#Startups#VC

Kraken Updates on FTX Payouts 📩 Kraken has begun emailing clients regarding payouts from the bankrupt FTX, confirming a successful application registration process. Claims under $50,000 are expected within 60 days; timelines for larger claims remain unclear. BitGo may also follow suit soon. 💼 Additionally, a court has approved FTX's reorganization plan effective January 3, 2025. More information here: Forklog News. #Kraken#FTX#Bankruptcy#Crypto#Payouts#BitGo#Reorganization#Blockchain#Finance#Regulation#News#DeFi#Investments#Market#Trading#Assets#Payments#Bitcoin#Investors#VC

Innovative Robot and ETF Updates 🔍MagicLab Unveils Advanced Robotic Arm China's MagicLab launches MagicHand S01, featuring 11 degrees of freedom and hybrid control for complex tasks. Payload: 5 kg for hand, 20 kg for MagicBot. Tech specs include 0.1N precision and 100Hz synchronization. Funding: 150 million yuan (~$20 million) focused on team expansion and tech development. 📈Litecoin ETF Moves Forward Canary Capital's spot Litecoin ETF added to DTCC site, paving the way for SEC approval, reflecting previous steps with Bitcoin and Ethereum ETFs. 📰Sam Bankman-Fried’s Stark Claims In a prison interview, FTX founder critiques Biden administration and claims to be a victim of political machinations. Advocates that FTX faced a liquidity crisis, not insolvency. MagicLab | FTX News #AI#Crypto#Robot#Startup#ETF#Litecoin#FTX#Finance#Innovation#Tech#SamBankmanFried#MagicLab#Funding#Investment#SEC#Bankruptcy#Liquidity#China#Investors#Market