FTX officially announced that the bankruptcy plan has come into effect, and the first batch of compensation is expected to take place within 60 days.
FTX officially announced that the bankruptcy plan has officially come into effect today (local time January 3). Customers need to file claims through the official website to be eligible for refunds. FTX stated that the first group of customers should receive refunds within 60 days.
According to the FTX plan, the first group of 'convenience-type' users will be repaid first, including users with claims of $50,000 or less. The plan was approved in October, which stipulates that 98% of FTX users are expected to receive 119% of the declared value of their funds in compensation.
Previous reports indicated that cryptocurrency companies BitGo and Kraken announced in December that they would assist in distributing compensation to FTX users. Assuming all users submit complete claims, the exchange expects to pay approximately $16 billion.
This will be an important influx of capital that may drive Bitcoin to new historical highs.
The Ministry of Public Security has supervised the breakthrough of a 'hacker case' involving virtual currency, where 5 individuals illegally profited over 6.4 million yuan by stealing 200 million pieces of personal information.
The Public Security Bureau of Neijiang City, Sichuan Province, held a news briefing announcing that Neijiang police recently cracked a case of illegal acquisition of computer system data supervised by the Ministry of Public Security and arrested 5 individuals. It is reported that the gang consisted of high-end 'hackers' engaged in network technology, one of whom was an employee of a large cybersecurity company. They illegally obtained citizens' personal information by writing hacking programs and eventually sold this information on foreign websites using virtual currency, with prices reaching up to 5 yuan per piece.
According to police investigations, the case involves 57 government and enterprise websites, with the gang stealing 208 million pieces of personal information from citizens, including flight trajectories, diplomas, addresses, etc., illegally profiting over 6.4 million yuan. The case has now been transferred for prosecution and is currently under trial.
MicroStrategy plans to raise $2 billion in the first quarter by issuing preferred shares to buy more BTC.
According to the official announcement, MicroStrategy announced plans to raise up to $2 billion through the issuance of preferred shares, as part of its '21/21 Plan,' which aims to raise $42 billion (with $21 billion each from equity and fixed income) within three years.
The purpose of this issuance is to allow MicroStrategy to continue strengthening its balance sheet and acquire more Bitcoin, with this issuance expected to take place in the first quarter of 2025. The announcement stated that the decision to continue and complete the issuance is at MicroStrategy's discretion and is subject to market and other conditions; MicroStrategy may choose not to proceed or complete the issuance.
Korean exchange: Interested in launching a cryptocurrency ETF in 2025
Korean exchange Jeong Eun-bo stated that there is interest in launching a cryptocurrency-based ETF this year to meet global demand for such products.
At the opening ceremony of the securities and derivatives market on January 2, Eun-Bo Jeong emphasized the importance of innovative financial products for revitalizing the Korean capital market.
