MAPS News
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2024
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2024
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2024
Apr / 26- Pantera Capital Wins Big in FTX Solana Token Auction
- Apr 26, 2024 at 04:20 pm
- Pantera Capital, a $5.2 billion investment fund, has emerged as a successful bidder in the auction of locked Solana tokens from bankrupt crypto exchange FTX. According to Bloomberg, citing an anonymous source, Pantera was among the winners in the auction, which liquidated roughly 2,000 Solana tokens.
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2024
Apr / 22- FTX Announces Auction To Sell Remaining Locked Solana Tokens
- Apr 22, 2024 at 11:00 am
- Amidst the FTX bankruptcy proceedings, the exchange is preparing to auction off its remaining locked Solana (SOL) tokens rather than selling them at a fixed price. The sale date and details are yet to be announced. Notably, FTX has already sold around two-thirds of its 41 million locked tokens to industry players like Galaxy Digital and Pantera for approximately $2.6 billion, with an average price of $60 per token.
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2024
Mar / 27- FTX Battles to Dismiss 'Sam Coins' Claims in Bankruptcy Case
- Mar 27, 2024 at 03:00 pm
- FTX, the troubled crypto exchange, seeks to dismiss investor claims for so-called "Sam Coins," arguing that they should be valued at zero in the ongoing bankruptcy proceedings. In a March 26 hearing, FTX's lawyers asked Delaware bankruptcy Judge John Dorsey to steeply discount customer claims for several digital tokens closely associated with the jailed FTX founder Sam Bankman-Fried.
- FTX Declares Sam Bankman-Fried's 'Sam Coins' Worthless
- Mar 27, 2024 at 01:04 pm
- In the ongoing FTX bankruptcy case, the exchange seeks to dismiss investor claims for "Sam Coins," tokens linked to former CEO Sam Bankman-Fried, arguing they hold zero value. FTX lawyers request a substantial discount on claims for MAPS, OXY, SERUM, and BOBA tokens, citing expert analysis indicating low liquidity and high concentrations held by the firm. However, customers dispute these valuations, claiming the assets' collective worth exceeds $1.1 billion. Judge Dorsey acknowledges the difficulty in quantifying cryptocurrency value, describing it as "derived from... sentiment and nothing else."
- FTX Customers Seek Equity for 'Sam Coins' Amid Bankruptcy
- Mar 27, 2024 at 12:00 pm
- FTX customers holding "Sam Coins" (Serum, MAPS, OXY) claim they are undervalued by the bankrupt crypto company's experts and should be worth hundreds of millions of dollars, urging a judge to override the "nearly worthless" conclusion.
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Communtity feeds
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- $CHILLGUYWIFHAT Nov 23, 2024 at 05:49 pm
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- Cosmos Airdrops🪂 Nov 23, 2024 at 05:35 pm
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$wif is a dog that wears a hat hahaha hilarious Higher
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- Crypto Rand Nov 23, 2024 at 05:28 pm
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