FTX and Celsius made significant transactions of over $35 million worth of WBTC and ETH, which garnered global attention among crypto market enthusiasts. The two entities transferred the tokens to CEXs amid a price surge, sparking immense curiosity among market fanatics. FTX and Alameda moved $11.72 million worth of WBTC and ETH to Binance and Coinbase, while Celsius network unstaked and transferred 10,000 ETH, worth $23.39 million, to Coinbase and FalconX. As a result, the prices of WBTC and ETH surged, with Wrapped Bitcoin showcasing a 6.42% surge and Ethereum's price noting an upsurge of 3.45% over the past 24 hours.

According to Arkham monitoring, the FTX attacker today mixed $7.3 million worth of Bitcoin. Approximately 60% of the original stolen assets have been mixed, which is worth over $600 million at today's prices.<br>It is reported that the FTX attacker initially bridged 4,540 BTC through the Ren Protocol in late November 2022, worth about $75 million at the time and now worth over $185 million.In October 2023, they exchanged $142 million worth of ETH into BTC through Thorchain and immediately deposited it into a mixer. If converted at market rates and held in BTC form, this asset is now worth over $220 million.

PRNewswire reported that Dave Inc. in the United States announced that it had reached an agreement with FTX Ventures Ltd. to repurchase $100 million convertible bonds originally issued to FTX at a discounted price of $71 million. The completion conditions of this transaction are the approval of the agreement by the bankruptcy court and FTX not conducting any other transactions of convertible bonds.

FTX, a bankrupt cryptocurrency exchange, is pursuing legal claims and lawsuits in an effort to recover billions of dollars lost in an $8 billion fraud lawsuit. The exchange has settled with some creditors, including Genesis, for a total of $175 million. FTX plans to pursue more lawsuits in 2024 and analysts predict the legal battles could continue for some time. If successful, the lawsuits could result in a recovery of billions for FTX and a possible restoration of operations and better investor sentiment.

1.FTX Founder Sam Bankman-Fried Will Not Face Second Criminal Trial, Federal Prosecutors Say

AcThe claim price of bankrupt cryptocurrency exchange FTX Group has recently risen significantly, with current trading prices ranging from 57 cents to 73 cents, benefiting from the overall rise in the digital asset market. Data from Cherokee Acquisition shows that this price has risen from 50 cents to 53 cents at the end of October.

Due to the important settlement impact reached by FTX Digital Markets, a subsidiary of FTX in the Bahamas, and FTX Trading Ltd. and its affiliated debtors (collectively referred to as "FTX Debtors"), FTT briefly broke through $4.5 and is now priced at $4.2561, with a 24-hour increase of 23.20%.

The representative of FTX Digital Markets, the debtor, has signed a global settlement agreement with the joint official liquidator. Approval is still required from the US Delaware Bankruptcy Court and the Bahamas Supreme Court, and both parties have agreed to immediately seek approval.

Legal fees for the bankruptcy proceedings of FTX, the collapsed crypto exchange, have surpassed the amount owed to its creditors. Recent compensation filings show that FTX has been billed around $1.45 billion by legal experts, while just over $1.42 billion is owed to out-of-pocket customers. The filings also reveal that FTX has paid lawyers a total of $350 million since the bankruptcy proceedings began earlier this year, with fees averaging $1.4 million per day from August to October. Concerns have been raised about the excessive fees charged by the legal firms handling the FTX bankruptcy.

The estate of FTX, a crypto enterprise that collapsed in November 2022, has submitted a proposal to end bankruptcy with a Delaware court. The bankruptcy plan classifies creditor and customer claims according to priority and calculates the value of claims based on asset prices at the time of the company's bankruptcy filing. The estate aims to "maximize and efficiently distribute value to all creditors." However, the plan is likely to face opposition from various creditor groups until it's approved by the court, with a hearing date set for 2024.