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📌INSIDER UPDATE FTX's revised reorganization plan values crypto claims at time of bankruptcy ➖➖➖➖➖
📌INSIDER UPDATE
FTX's revised reorganization plan values crypto claims at time of bankruptcy
➖➖➖➖➖
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CRYPTO WEEKLY MARKET UPDATE 👀 ❗️OKX Announces Launch of Upgraded Futures Trading Platform The crypto exchange platform OKX launched OKX Futures on December 15, 2023. This move, aimed at refining its derivatives trading platform, promised to streamline the exchange's offerings. OKX's overhaul introduces two essential changes: Perpetual Futures, replacing the former Perpetual Swap Contracts, and Expiry Futures, formerly known as Future Contracts. ❗️Avalanche users pay $13.8 million in fees for inscriptions over 5 days Avalanche users paid $13.8 million in transaction fees over the last five days to mint and move tokens and NFTs created with inscriptions. The total amount of $13.8 million is roughly 70% of all fees spent on inscriptions across all blockchains tracked by a Dune Analytics dashboard created by Hildobby. ❗️Margaret Paproski serves as the Chief Financial Officer of Spirit Blockchain Capital Spirit Blockchain Capital Inc., an industry leader in digital asset and blockchain technologies, is ecstatic to announce that Margaret Paproski has been appointed as the organization's new chief financial officer effective December 18, 2023. Margaret will assume the role of successor to Erich Perroulaz, an individual who has significantly contributed to the expansion of the organization and who will maintain his positions as a founder and board member. ❗️FTX Revises Bankruptcy Plan, Crypto Claims Now Valued at the Time of Bankruptcy According to a recent filing, FTX amended its Chapter 11 bankruptcy plan. Debtors for the exchange explained that customer entitlement claims against FTX aimed at compensation would be based on the value as of the date FTX filed for bankruptcy in November 2022.
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