FTX Faces Bankruptcy & Secures Liquidation Rights: A Ripple Effect on VC Spectra and Cardano?

FTX Faces Bankruptcy & Secures Liquidation Rights: A Ripple Effect on VC Spectra and Cardano?

The crypto market was recently shaken by a wave of negative sentiment following the approval of FTX’s crypto-assets liquidation. This has led to the fear of a massive sell-off of affected crypto assets in the market. 

Amidst the frenzy, VC Spectra (SPCT) and Cardano (ADA) continue to gain momentum. Cardano recently completed its Fund10 program, spiking more interest in the network. Meanwhile, VC Spectra continues to raise its profit margin, establishing it as the top crypto to buy now! 


FTX Granted Court Approval to Liquidate $3 Billion in Crypto

FTX, a major cryptocurrency exchange, has been granted court approval to liquidate $3 billion in crypto assets. The decision was made by a bankruptcy judge in Delaware on September 13, 2023, 

The liquidation is part of FTX’s bankruptcy proceedings, which began in November 2022. The company owes its 50 largest creditors almost $3.1 billion. The court-approved liquidation plan calls for FTX to sell its crypto assets. The earnings from the sale will be used to repay FTX’s creditors.

FTX’s liquidation has sparked concerns among crypto enthusiasts, who fear that it could lead to a sell-off of affected tokens in the market. The affected tokens include Solana, Bitcoin, Ethereum, Aptos, Tether, and Ripple. 

Fortunately for VC Spectra (SPCT) and Cardano (ADA) holders, these tokens are not on FTX’s liquidation list. 

VC Spectra (SPCT) Soars Despite FTX Liquidation Fears

As most of the top altcoins worry about FTX’s liquidation impact, VC Spectra (SPCT) continues to soar with an impressive presale price surge. With a price increase of 312.5% from $0.008 to $0.033, VC Spectra (SPCT) has made a ROI worth millions to its investors. 

VC Spectra (SPCT) is a decentralized hedge fund that uses AI to invest in high-potential fintech and blockchain projects. It aims to provide investors with substantial returns by identifying and investing in promising startup initiatives.

VC Spectra (SPCT) offers investors a variety of benefits, including access to lucrative new ICOs, quarterly dividends, and voting rights. Also, the platform is currently paying dividends to its token holders during its ongoing public presale,

At Stage 3 of its presale, VC Spectra (SPCT) is currently selling at $0.033 per token. However, it aims to reach $0.080 per token by the end of its presale. This would give potential investors in this current stage a 142% return on investment in record time.


ADA Cardano News Announces Completion of Fund10 Voting

On September 15, 2023, ADA Cardano news announced the completion of Fund10 voting. Cardano’s (ADA) Fund10 awarded $50 million to 1,467 projects to help them grow and develop.

ADA Cardano news also stated that the completion of Fund10 voting is a major milestone for the network as it signifies the growth of Cardano. This has raised positive views on ADA’s price

Over the past months, Cardano (ADA) has been trading in red. The altcoin recently recorded a 3% price decline, dropping from $0.257 to $0.247 between September 7 and September 15, 2023. However, recent developments have hinted at a price recovery

Fund10 drew a lot of interest and attention to Cardano’s network. This could attract more developers and investors to the platform. As a result, experts predict that Cardano (ADA) will make a price recovery to $0.281 by October 2023. 

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Disclaimer: This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated. 

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