Seyffart and his boss, Eric Balchunas, gained prominence in the ETF space, particularly for their analysis of Bitcoin and Ethereum ETFs.
Collapsed crypto exchange FTX has made last-minute changes to its payout plans, setting aside only 10-25% for FTX crypto holders.
According to FTX creditor-activist Sunil Kavuri, the firm is transferring “18% of DOJ forfeiture funds,” to FTX equity holders.
The revised reimbursements came as a surprise to creditors, who were unaware of the provision. The agreement was apparently finalised after the creditors voted on a liquidation plan and was revealed 30 days after the deadline.