COINDESK DAILY: Libra Rugpull Scandal Continues; FTX Creditors Start Receiving Payouts
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 19 February 2025
⏱️ 2 minutes
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| 0:00.0 | Libra Rugpole scandal continues. |
| 0:02.0 | FtX creditors start receiving payouts and Michael Saylor is buying more Bitcoin. |
| 0:08.0 | It's Wednesday, February 19, 2025. |
| 0:11.0 | This is a Consensus CoinDust Daily Special from Hong Kong. |
| 0:20.0 | Libra co-creator Hayden Davis, CEO of Kelsker Ventures, bragging in text messages that he bought |
| 0:26.8 | influence over Argentine President Javier Milley in text messages reviewed by CoinDesk. |
| 0:32.6 | Davis saying in December that he could send money to Muley's powerful sister, and he signs whatever I say |
| 0:39.4 | and does what I want. The claim adds a new dimension to the anti-corruption investigation |
| 0:44.9 | into Miele's promotion of Libra. Creditors of collapsed cryptocurrency exchange FTX with claims |
| 0:51.6 | below $50,000 have started receiving their payouts, which include |
| 0:56.0 | 9% annual interest accrued since November of 2022. They are expected to receive roughly |
| 1:02.0 | 119% of their adjudicated claim value, totaling over $1 billion. The funds are being distributed |
| 1:10.0 | in U.S. dollars through Bitco and Cracken. |
| 1:12.6 | And finally, Michael Saylor's strategy, formerly micro strategy, is raising another $2 billion |
| 1:19.6 | via zero percent convertible notes. The underwriter Green Shoe is up to an additional $300 million of the paper, according to a news release. |
| 1:31.3 | The Bitcoin Treasury Company holds almost 480,000 tokens worth more than $45 billion at current prices. |
| 1:40.3 | That's it for CoinDest Daily. Get more updates on CoinDest.com. |
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