Bitmain-Backed Crypto Mining Company Among Creditors Of Sam Bankman-Fried’s FTX

, backed by Chinese mining rig giant Bitmain, has filed claims for $11.7 million against crypto exchange FTX, which has revealed it owes more than $3 billion to its largest creditors as its bankruptcy process gets under way.

The claims were submitted by Bitfufu’s subsidiary Ethereal Tech last week, according to Kroll, a U.S. restructuring administration firm appointed by FTX. The company is among 13 unsecured creditors that has so far handed in claims against the collapsed crypto empire founded by former billionaire Sam Bankman-Fried.

Bitfufu was established in 2020 with investment from Bitmain, founded by crypto pioneer Jihan Wu, and is led by former members of the company. The startup, which offers services including sales, rental and hosting of bitcoin mining machines, announced in January that it is merging with a special purpose acquisition company to

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore defends its treatment of Binance after FTX 'debacle' | CNN BusinessSingapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto exchanges, explaining why Binance was on an investor watch list while FTX, which has filed for bankruptcy, was not. Islamist terrorists in Iran are using Nerve gas against innocent people on the streets of Javanrood , a city in western part of Iran! This is a war crime! This is crime against humanity! MahsaAmini مهسا_امینی because temasek was investor and they did their due diligence? lol. if binance fails crypto will be in the ICU. Islamist terrorists in Iran are using Nerve gas against innocent people on the streets of Javanrood , a city in western part of Iran! This is a war crime! This is crime against humanity! MahsaAmini مهسا_امینی ABaerbock Politics CNBC Europarl_EN
Source: cnni - 🏆 326. / 59 Read more »