From Joke to Top Cryptocurrency: Dogecoin Celebrates 11th Birthday

In the world of meme coins, history has a way of repeating itself. Dogecoin was the first to gain widespread recognition, but then Shiba Inu ($SHIB) emerged and stole the spotlight, rewarding early investors with incredible returns.

The Financial Stability Board is growing increasingly uneasy about crypto’s expanding footprint in global finance, cautioning that the lines between digital assets and traditional markets are blurring faster than expected.

The FTX Recovery Trust has initiated a new $5 billion round of reimbursements, starting May 30, for creditors who completed the necessary steps.

The long-awaited repayment process for users of the defunct cryptocurrency exchange FTX has officially begun as the company’s reorganization plan came into effect on January 3.

An FTX claims broker with experience in Mt Gox, Celsius, and Voyager Digital cases has been mandated to return $1.9 million after using embezzled funds for personal luxury and crypto investments.

On November 20, 2024, Zixiao "Gary" Wang, co-founder of FTX, became the final executive to receive a sentence related to the exchange’s notorious collapse in 2022.

According to recently updated bankruptcy documents shared by FTX creditor Sunil Kavuri, those owed money from FTX can expect to recover only 10-25% of their cryptocurrency.

The saga of the FTX cryptocurrency exchange, which once boasted a valuation of $32 billion, is nearing its conclusion. As both criminal and bankruptcy proceedings wrap up, former FTX users are eagerly awaiting the return of their funds.

As the year ends, developments are emerging from the fallout of the FTX collapse, which was previously led by Sam Bankman-Fried.

The slow dismantling of Sam Bankman-Fried’s crypto empire continues, with defunct firms FTX and Alameda Research quietly shifting another $10.3 million in Solana (SOL) as part of their asset liquidation plan.

Months after acquiring the collapsed FTX EU platform, crypto startup Backpack has taken a major step toward restoring funds to affected European customers.

FTX creditors in the Eurozone will receive repayments in euros based on 2022 closure prices, plus processing fees of up to 30%.

The FTX bankruptcy team is pursuing more than $100 million from SkyBridge Capital and its founder Anthony Scaramucci, aiming to reclaim funds linked to deals struck between Scaramucci’s firm and former FTX CEO Sam Bankman-Fried before FTX’s collapse.

Ryan Salame, the former co-CEO of FTX Digital Markets, has requested a 45-day extension on his prison reporting date due to needing medical treatment following a severe dog bite.

The long-awaited creditor repayments from bankrupt crypto exchange FTX have hit a major roadblock, with the FTX Recovery Trust announcing a temporary suspension of payments to users in 49 foreign jurisdictions.

FTX, a defunct crypto exchange, has reached a preliminary agreement to settle with the US Commodity Futures Trading Commission (CFTC), marking a significant step in its bankruptcy proceedings since its abrupt collapse in 2022.

Following an extensive review of the reorganization strategy, the troubled cryptocurrency exchange FTX has announced plans to allocate $6 billion to affected users, specifically targeting those impacted by its 2022 collapse.

The bankrupt cryptocurrency exchange FTX has initiated legal proceedings to reclaim over $50 million in assets that it alleges were wrongfully taken by KuCoin, as stated in court documents from October 28.

FTX’s liquidators have filed a strong objection to a multi-billion-dollar claim by failed hedge fund Three Arrows Capital (3AC), arguing the request is based on exaggerated and misleading figures.