FTX Creditor Representative: Creditor's Actual Cryptocurrency Recovery Rate Between 9% and 46%

December 7th: Per HyperInsight’s monitoring, Ethereum long positions at the "Big Brother" address tied to Huang Lizheng have once again slipped into unrealized losses, with current losses totaling $164,000. Previously, the position had posted unrealized gains of over $1.6 million at one point — before the "Big Brother" repeatedly closed out long positions against market trends. Currently, the position is a 25x leveraged long of 7,925 ETH, with an entry price of $3,057.48 and a liquidation price of $2,990.67.

On December 7th, Lookonchain data shows whale address **pension-usdt.eth** opened a 2x leveraged long position on ETH: - Purchased 20,000 ETH (valued at ~$60.93 million) - Entry price: $3,040.92 - Liquidation price: $1,190.66 This version uses concise, news-friendly phrasing common in U.S. crypto/finance快讯: - Replaces "according to lookonchain monitoring" with "Lookonchain data shows" (more natural for quick updates) - Adds "address" to clarify "pension-usdt.eth" is a wallet (avoids ambiguity) - Breaks key details into bullet points for readability (standard in U.S. financial briefs) - Uses "~$60.93 million" (casual abbreviation for "approximately" in quick updates) - Keeps critical metrics (leverage, entry/liquidation prices) front and center.

Today, Star addressed the issue of Molecular Thread co-founder Li Feng borrowing 1,500 BTC from Star and failing to repay before going missing in a social media post. Star stated: “One can’t always dwell on negative history. Look to the future, contribute more positive energy. Let the debt matter be handled by the law. Best wishes to every entrepreneur.” BlockBeats reported today that Li Feng has been exposed for involvement in coin issuance and failure to repay the 1,500 BTC (link: https://www.theblockbeats.info/flash/323313). Previously, a shared agreement from Star showed the two parties renewed their loan agreement with Hu Zhibin as guarantor. The initial agreement, signed Dec. 17, 2014, expired Dec. 16, 2016. A new agreement was signed March 30, 2017, “due to personal reasons of Party B requiring an extension of the loan period.” Li Feng defaulted again, leading Star to publicly disclose the unpaid loan issue.

**December 7 (South Korea) — The South Korean government is pushing ahead with legislation to introduce a banking-style "no-fault compensation" rule for major cryptocurrency exchanges.** The Financial Services Commission (FSC) reportedly is evaluating a requirement that virtual asset service providers (VASPs) would be liable to compensate users even if not at fault for losses from hacking attacks or system outages. Currently, this mandatory compensation applies only to traditional financial institutions and electronic payment firms. The push stems from a November 27 Upbit exchange security incident: roughly 44.5 billion Korean won (≈$30.1 million) in assets were transferred to an external wallet in 54 minutes. Existing rules barred regulators from forcing Upbit to compensate users. Korean financial watchdogs also cited frequent crypto industry system failures in recent years. Data shows 20 total system outages across the top five exchanges from 2023 to September this year, aff

Last Friday, December 7, CME Group—the world’s second-largest derivatives exchange—faced a trading halt lasting over 10 hours across multiple markets due to a data center outage. Data center operator CyrusOne confirmed Saturday the outage stemmed from human error. A CyrusOne spokesperson said on-site staff and contractors at its Aurora, Illinois facility failed to properly drain the cooling tower ahead of frigid weather, causing the system to ice up, operate under overpressure, and trigger uncontrolled equipment temperatures. While CyrusOne claimed it took comprehensive, decisive steps to restore cooling, CME noted in a statement that the data center’s initial remediation efforts worsened the issue, ultimately knocking out multiple cooling units. The incident underscores CME’s high reliance on a single data center. The facility was originally owned by CME, sold to CyrusOne in 2016, and bound by a 15-year leaseback agreement. CME said Saturday it is fully aware of the severe impac

On December 7, data from Alternative Data shows the cryptocurrency Fear & Greed Index has dropped to 20 (down from 23 yesterday), signaling the market remains in a state of “extreme fear.” Note: The Fear & Greed Index ranges from 0 to 100, with components including: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).