With the trial of Sam Bankman-Fried in the spotlight last month it is easy to forget that there is still the massive FTX bankruptcy that has to be sorted out.

The next step in that process has now been വെളിപ്പെടുത്തി in the form of a proposal. At this stage, it is just a proposal that must be approved by creditors before it can go to the bankruptcy judge. But the major creditor and consumer groups have agreed to the plan outline.

It calls for billions of dollars to be distributed as cash as the firm’s crypto holdings have been liquidated.

Since entering bankruptcy just over a year ago, investigators have been tracking down assets with a great deal of success.

While creditors will likely not be made completely whole there will be substantial repayments made. Then the question remains as to whether FTX continues as a reborn crypto platform…

ഫീച്ചർ ചെയ്ത

FTX Files Plan to End Bankruptcy, Pay Crypto Creditors Billions

www.bloomberg.com 

FTX Trading Ltd. unveiled its latest proposal for returning billions of dollars to customers and creditors, kicking off a final round of potential squabbles about how best to end the bankruptcy case of the fraud-tainted crypto firm.

Fintech Nexus-ൽ നിന്ന്

> പാലിക്കൽ ബാങ്കുകൾക്ക് മാത്രമുള്ളതല്ല

By Michael Berman

The responsibility for managing compliance is increasingly falling on fintechs. Here are seven areas where fintechs need to focus.

> Fintech: Paytech SumUp raises $307MM at $8.6B, defying market gravity

ഫർഹാദ് ഹുസൈൻലി എഴുതിയത്

Square and Toast make up 55% of the market share in the Point of Sale (POS) industry…

പോഡ്കാസ്റ്റ്

കൊർണേലിയസ് ഹർലി, ഫെഡറൽ ഹോം ലോൺ ബാങ്കുകളുടെ പരിഷ്കരണത്തെക്കുറിച്ച് ബോസ്റ്റൺ യൂണിവേഴ്സിറ്റി സ്കൂൾ ഓഫ് ലോയിലെ പ്രൊഫസർ

The Federal Home Loan Banks have been around since 1932 but their mission has changed from support for affordable housing…

> ഇപ്പോൾ ശ്രദ്ധിക്കൂ

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Fraud risks to watch out for in 2024

ജനുവരി 18, 12pm EST

In our highly digital world, businesses work with customers from all over the globe and at higher volumes, where decisions…

ഇപ്പോള് പെരുചേര്ക്കൂ

കൂടാതെ വാർത്തകൾ ഉണ്ടാക്കുന്നു

ഞങ്ങളുടെ വാർത്താക്കുറിപ്പുകൾ സ്പോൺസർ ചെയ്യുന്നതിനും നിങ്ങളുടെ സന്ദേശം 220,000 ഫിൻ‌ടെക് പ്രേമികളിലേക്ക് എത്തിക്കുന്നതിനും, ഞങ്ങളെ ഇവിടെ ബന്ധപ്പെടുക.

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• അവലംബം: https://www.fintechnexus.com/fintech-nexus-newsletter-december-19-2023-ftx-unveils-proposal-to-pay-back-creditors/