Tag: Shell

  • Bankruptcy Bombshell: FTX and Alameda to Shell Out $12.7B to Creditors

    Bankruptcy Bombshell: FTX and Alameda to Shell Out $12.7B to Creditors

    In a significant turn of events for the cryptocurrency industry, a court ruling has ordered the embattled crypto exchange FTX and its affiliate, Alameda Research, to allocate a substantial sum of $12.7 billion toward creditor compensation. This verdict, issued by a judge in New York, concludes a comprehensive 20-month legal saga spearheaded by the Commodity…