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Important Crypto News From This Weekend That You Might Have Missed
The cryptocurrency market has been abuzz with significant developments over the weekend. In this article, we will summarize some of the key stories you may have missed.
Firstly, it was reported that FTX’s creditor payments are set to begin in May 2025. The announcement comes as a relief to those who had outstanding claims against the defunct cryptocurrency exchange led by Sam Bankman-Fried. According to reports, FTX has amassed $11.4 billion in assets, which will be used to compensate its creditors. While it is unclear how this payment structure will work, many are optimistic that this development could potentially mark a turning point for the recovery efforts.
Secondly, it was announced that Arthur Hayes, the former CEO of BitMEX, has been granted clemency by US President Donald Trump. The pardon comes after a lengthy legal battle stemming from charges related to regulatory violations and the failure to implement basic customer identification procedures. While some may be surprised by this decision, it appears that Hayes, alongside his co-founders Samuel Reed and Benjamin Delo, received pardons for their involvement in these violations.
Lastly, no significant updates were reported regarding the BitMEX case.
Source: https://cryptopotato.com/important-crypto-news-from-this-weekend-that-you-might-have-missed/
