Legal Battle Between 3AC and FTX

In a case heard in the Delaware Bankruptcy Court, Chief Judge John Dorsey rejected objections from FTX creditors. The FTX side argued that 3AC‘s claim was untimely and an attempt to delay the process. However, the court ruled that FTX‘s delayed response in providing necessary documents had caused the delay.

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3AC initially filed a $120 million claim in June 2023. Later, in November 2024, it increased this amount to $1.53 billion, alleging that FTX had engaged in unjust enrichment and failed to fulfill its obligations. According to 3AC, FTX liquidated $1.33 billion of its funds in 2022, causing significant financial damage.

Current Status of the FTX and 3AC Case

FTX objected to 3AC‘s amended claim, arguing that it was filed too late and lacked sufficient information. However, the court determined that 3AC‘s delays resulted from FTX withholding critical records, leading to the approval of the increased claim.

As the FTX bankruptcy proceedings continue, the exchange has also filed lawsuits against SkyBridge Capital, Binance, and Waves to recover lost funds. FTX is actively pursuing legal action to reclaim assets linked to former CEO Sam Bankman-Fried‘s past financial decisions.

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The post Three Arrows Increases Its FTX Claim to $1.53 Billion! appeared first on Coin Engineer.

In a morning announcement, Binance provided important information about delisted coins. These coins will be removed from spot wallets by the exchange on October 28, 2024, at 8:00 PM. After that, the conversion of the tokens will be completed by April 28, 2025, at 7:59 PM ET, and the values will be calculated based on average prices. The corresponding USDC amounts will then be credited to users’ spot wallets.

Affected Coins

– Vai (VAI)

– Tornado Cash (TORN)

– OMG Network (OMG)

– Waves (WAVES)

– NEM (XEM)

– BarnBridge (BOND)

– Dock (DOCK)

– Mdex (MDX)

– Polkastarter (POLS)

– Pundi X PURSE (NPXS)

Screenshots will begin being taken on October 28, 2024, and by April 28, 2025, the average values will be deposited into investors’ spot wallets in USDC.

Users can continue to withdraw until October 28, 2024, at 7:59 PM ET. Additionally, Binance warned that deposits for these coins will no longer be available, and any made will not appear in wallets.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Announced: Be Careful if You Hold These Coins! appeared first on Coin Engineer.

The delisting of the trading pairs will take effect on June 7, 2024, at 03:00 AM UTC. The affected trading pairs are:

• ACE/BNB
• DOT/TUSD
• MAGIC/FDUSD
• MEME/BNB
• SAND/BNB
• XAI/TUSD

The delisting of the four altcoins will take effect on June 17, 2024, at 03:00 AM UTC. The affected altcoins are:

• OmiseGO (OMG)
• Waves (WAVES)
• Wrapped NXM (WNXM)
• NEM (XEM)

Binance stated that it delists trading pairs and coins for a variety of reasons, including low liquidity and trading volume.

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The delisting of the trading pairs and altcoins will not affect users’ ability to withdraw their holdings of the affected assets. Users will have until September 17, 2024, to withdraw their holdings of OMG, WAVES, WNXM, and XEM.

The post Binance to Delist 6 Altcoin Pairs and 4 Altcoins from Spot and Margin Trading appeared first on Coin Engineer.

In accordance with the recent announcement by Binance US, Aragon (ANT) and Waves (WAVES) will be delisted effective March 7. Waves, in particular, has witnessed a significant downturn from its peak amidst rumors of team-driven price inflation, subsequently failing to rebound as anticipated. Binance issued the following statement:

“In an ever-evolving landscape, our oversight of digital assets is attuned to market dynamics and regulatory shifts. Should a cryptocurrency no longer meet our stringent criteria or should industry conditions shift, we conduct a comprehensive assessment of the asset in question to determine the need for further action, including delisting.

Binance Adds Newly Listed Altcoin to Futures

Deposits for Aragon (ANT) and Waves (WAVES) will be halted by March 6, 2024, with trading pairs being removed on March 7. We extend our gratitude for your ongoing support as we endeavor to cultivate the crypto ecosystem, prioritizing security, transparency, and sustainable growth in the long term.”

The post Binance US Decided to Delist Two Altcoins! appeared first on Coin Engineer.

Bitcoin maintaining above $35,000 on a daily basis is a positive signal. As long as we maintain the $34,000 level on daily basis, we hope that Bitcoin will continue to target $36,500 levels. We are aware that this situation also signals that positive movements can be expected for many altcoins.

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The Latest Status in Cryptocurrencies – November 5

‣ Bitcoin (BTC) BTC/USD pair is trading at 35171 dollars with a 0.06% increase as the article was written. Resistance levels for BTC are between 36000 dollars – 39800 dollars, while support levels are between 31000 dollars – 30200 dollars.

‣ Ethereum (ETH) ETH/USDT pair is trading at 1883 dollars with a 1.41% increase as the article was written. Resistance levels for ETH are between 1885 dollars – 1960 dollars, while support levels are between 1815 dollars – 1789 dollars.

‣ Binance Coin (BNB) BNB/USD pair is trading at 244.3 dollars with a 2.95% increase as the article was written. Resistance levels for BNB are between 250 dollars – 257 dollars, while support levels are between 240.9 dollars – 233.6 dollars.

‣ Waves (WAVES) WAVES/USD pair is trading at 1.95 dollars with a 4.22% increase as the article was written. Resistance levels for WAVES are between 1.98 dollars – 2.18 dollars, while support levels are between 1.84 dollars – 1.72 dollars.

‣ Arweave (AR) AR/USD pair is trading at 6.30 dollars with a 4.40% increase as the article was written. Resistance levels for AR are between 6.44 dollars – 7.11 dollars, while support levels are between 5.99 dollars – 5.51 dollars.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – November 5 appeared first on Coin Engineer.

Bitcoin’s weekly close, was not as expected. This candle structure and potential geopolitical uncertainties that could increase in the coming days may point to a challenging period for Bitcoin. We can expect a positive process unless we see a weekly close below 27,000 dollars.

The Latest Status in Bitcoin and Altcoins

The post The Latest Status in Bitcoin and Altcoins! – October 9th appeared first on Coin Engineer.