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Does FTX Still Have a Future — And What About FTT Token?


by Abdulkarim Abdulwahab
for CoinEdition
The Two Sides of the FTX Story: Billions for Users, Nothing for FTT
  • FTX advances with settlements and payouts. 
  • However, its native token FTT faces weak technicals and limited investor confidence.
  • Shaquille O’Neal settles with FTX investors for $1.8 million over endorsement claims.

FTX is moving forward with customer repayments and legal settlements following its collapse in 2022, even as its native token, FTT, continues to struggle in the market. 

With legal battles unresolved and trust eroded, the future of the FTX brand and the FTT token remain uncertain.

A month ago, former NBA star Shaquille O’Neal agreed to a $1.8 million settlement with FTX investors, according to documents filed in the U.S. District Court for the Southern District of Florida. The lawsuit, originally filed in May 2023, accused O’Neal of endorsing the now-defunct exchange in a 2022 television advertisement that allegedly misled retail investors.

Related: Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit

This marks the first known celebrity settlement linked to FTX’s collapse. Other high-profile figures, including Tom Brady and Kevin O’Leary, were also sued but have not reached s…

The post Does FTX Still Have a Future — And What About FTT Token? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway

FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway

A breakthrough for FTX creditors has emerged this week, as multiple claimants were of...
Bitcoin to Hit $135K by Year-End in Base-Case Forecast, $199K in Bullish Scenario: Citi

Bitcoin to Hit $135K by Year-End in Base-Case Forecast, $199K in Bullish Scenario: Citi

In the bank's most optimistic scenario, bitcoin could reach $199,000 by the end of th...

Does FTX Still Have a Future — And What About FTT Token?


by Abdulkarim Abdulwahab
for CoinEdition
The Two Sides of the FTX Story: Billions for Users, Nothing for FTT
  • FTX advances with settlements and payouts. 
  • However, its native token FTT faces weak technicals and limited investor confidence.
  • Shaquille O’Neal settles with FTX investors for $1.8 million over endorsement claims.

FTX is moving forward with customer repayments and legal settlements following its collapse in 2022, even as its native token, FTT, continues to struggle in the market. 

With legal battles unresolved and trust eroded, the future of the FTX brand and the FTT token remain uncertain.

A month ago, former NBA star Shaquille O’Neal agreed to a $1.8 million settlement with FTX investors, according to documents filed in the U.S. District Court for the Southern District of Florida. The lawsuit, originally filed in May 2023, accused O’Neal of endorsing the now-defunct exchange in a 2022 television advertisement that allegedly misled retail investors.

Related: Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit

This marks the first known celebrity settlement linked to FTX’s collapse. Other high-profile figures, including Tom Brady and Kevin O’Leary, were also sued but have not reached s…

The post Does FTX Still Have a Future — And What About FTT Token? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway

FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway

A breakthrough for FTX creditors has emerged this week, as multiple claimants were of...
Bitcoin to Hit $135K by Year-End in Base-Case Forecast, $199K in Bullish Scenario: Citi

Bitcoin to Hit $135K by Year-End in Base-Case Forecast, $199K in Bullish Scenario: Citi

In the bank's most optimistic scenario, bitcoin could reach $199,000 by the end of th...