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🌙 FTX Begins $1.2B Repayments to Creditors Amid Bankruptcy Process

FTX Digital Markets will repay $1.2 billion to creditors on Feb. 18, marking a major step in the exchange's ongoing bankruptcy proceedings.

Author

Mike Gavela
February 18, 2025

In partnership with

Crypto Roundup - February 18

The cryptocurrency sector continues to navigate challenges and regulatory shifts. FTX has announced plans to repay $1.2 billion to its creditors, marking a significant step in its bankruptcy proceedings. Meanwhile, the Solana network experienced an 8.8% drop in value following the crash of the Libra meme coin, highlighting the volatility associated with digital assets. In regulatory news, Nigeria is set to revise its cryptocurrency regulations, introducing taxes on crypto transactions starting February 2025 as part of its efforts to formalize the sector's economic impact.

Top Stories

  • FTX to repay creditors: Plans to distribute $1.2 billion as part of bankruptcy resolution.

  • Solana's value drops 8.8%: Triggered by the crash of the Libra meme coin.

  • Nigeria revises crypto regulations: Introduces taxes on cryptocurrency transactions effective February 2025.

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TOP STORIES

FTX Begins $1.2B Repayments to Creditors Amid Bankruptcy Process – Bitbo

FTX Digital Markets will repay $1.2 billion to creditors on Feb. 18, marking a major step in the exchange's ongoing bankruptcy proceedings.

bitbo.io/news/ftx-1-2b-creditor-repayments

Solana Drops 8.8% Following LIBRA Meme Coin Crash - Decrypt

Solana has dropped to its lowest level since mid-December, amid meme coin controversies and a looming token unlock event.

decrypt.co/306509/solana-drops-8-8-following-libra-meme-coin-crash

Nigeria Revises Regulations to Tax Cryptocurrency Transactions in February 2025, Plans Full Licenses for Exchanges - "The Defiant"

Nigeria is revising its regulations to tax cryptocurrency and digital transactions as part of a broader effort to enhance fiscal revenue

thedefiant.io/news/regulation/nigeria-revises-regulations-to-tax-cryptocurrency-transactions-february-2025-34eafbca

FUNDRAISING

Israeli onchain security co Blockaid raises $50m

Israeli onchain security platform Blockaid today announced the completion of a $50 million Series B financing round led by Ribbit Capital, with participation from Google Ventures and existing investors, including Variant and its first seed investor, Cyberstarts.

en.globes.co.il/en/article-israeli-onchain-security-co-blockaid-raises-50m-1001502436

OTHER HEADLINES

Bitcoin Sinks Under $94,000 as ETPs Record First Outflows in 19 Weeks - "The Defiant"

Bitcoin, Ethereum, and altcoins tumble as macroeconomic concerns weigh on investor sentiment.

thedefiant.io/news/markets/bitcoin-sinks-under-usd94-000-as-etps-record-first-outflows-in-19-weeks

The insiders behind Javier Milei’s disastrous LIBRA crash

A look into some of the key people involved in promoting or investigating Argentina's failed memecoin, LIBRA.

protos.com/the-insiders-behind-javier-mileis-disastrous-libra-crash

Bitcoin Miner MARA Buys Texas Wind Farm to Boost Capabilities - Decrypt

MARA has added a wind farm in Texas to its Bitcoin mining operations, giving second life to outdated rigs in the process.

decrypt.co/306544/bitcoin-miner-mara-texas-wind-farm

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