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Crypto Comeback: VC Investments Soar 46% in Q4 2024

[Jan 18 3:30 AM] In Q4 2024, venture capital (VC) firms invested $3.5 billion into crypto and blockchain startups, a 46% increase from the previous quarter. 2024: Weakest Year for Crypto VC Fundraising Venture capital (VC) firms poured $3.5 billion into crypto and…

XRP hits 7-year peak amid bullish sentiment, FTX plans payouts: Finance Redefined

[Jan 17 7:00 PM] FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.

FTX to begin distributing $1.2B to creditors after Trump inauguration

[Jan 13 9:37 AM] A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

Backpack Exchange acquires FTX EU, plans Q1 2025 launch

[Jan 7 8:00 AM] As part of the acquisition, Backpack EU will be responsible for distributing court-approved bankruptcy claims to FTX EU customers.

FTX’s payment plan is now effective — When will users see their funds?

[Jan 3 8:58 PM] According to the plan, certain FTX users claiming less than $50,000 could expect to see their funds returned within 60 days.

Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In?

[Jan 2 10:00 PM] Data shows the Bitcoin Coinbase Premium Index has witnessed a plunge to two-year lows recently. Here’s what this could mean for BTC’s price. Bitcoin Coinbase Premium Index Has Plummeted Over The Past Month As explained by an analyst in…

Celsius to appeal order that disallowed its $444M claim against FTX

[Jan 2 3:48 AM] The crypto lender made two claims, both of which were dismissed by Judge Dorsey for various reasons, including procedural shortcomings.

Former FTX executive Ryan Salame’s prison sentence reduced by 1 year

[Dec 26, 2024 9:46 PM] Bureau of Prison records indicate that former Alameda Research CEO Caroline Ellison’s sentence was also reduced by three months.

Bitgo, Kraken Partner With FTX for Jan. 3 Payment Distribution

[Dec 16, 2024 10:30 PM] FTX Trading Ltd. (FTX) and its affiliated debtors have locked in Jan. 3, 2025, as the kickoff day for their court-endorsed Chapter 11 Reorganization Plan. FTX Creditor Distribution Is Coming Soon According to the press release, this date will also…

Kraken and BitGo will help distribute the first FTX payments in 2025

[Dec 16, 2024 6:50 PM] More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed as early as January.

Binance inflows hit $24 billion from 250M user base in 2024

[Dec 13, 2024 5:15 AM] Institutional investors have played a big role in Binance’s $24.2 billion net inflows so far in 2024.

FTX debtors recover $14M in political donations

[Dec 11, 2024 8:09 PM] A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions.

CFTC bags record $17B in 2024 thanks to massive crypto enforcement

[Dec 5, 2024 8:28 AM] The US commodities regulator recovered $12.7 billion in the FTX case, which was the “largest recovery for victims and sanctions in CFTC history.”

FTX provides a timeline for creditor and client reimbursement payouts

[Nov 21, 2024 8:34 PM] After two years of bankruptcy hearings, FTX creditor reimbursements are set to begin, but the FTX estate remains embroiled in litigation.

FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors

[Nov 21, 2024 7:15 PM] The long-awaited resolution for nearly $16 billion in funds owed to users and customers of the defunct crypto exchange FTX is approaching, as the estate managing the recovery process has outlined the next steps and timeline for distribution.  FTX…

‘Cowardly Path’ Leads to Redemption: Former FTX Exec Gary Wang Skates on Prison Sentence

[Nov 20, 2024 7:40 PM] Inner City Press reports that the former FTX executive Gary Wang, who admitted to creating the code enabling Sam Bankman-Fried to misappropriate $8 billion from the now-bankrupt cryptocurrency exchange, has avoided prison. Crypto Whistleblower or…

FTX co-founder Gary Wang sentenced to time served

[Nov 20, 2024 6:25 PM] Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.

Former FTX CTO Gary Wang Won’t Have To Serve Prison Time, Judge Rules

[Nov 20, 2024 4:38 PM] Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.

Final FTX exec to be sentenced on Nov. 20 — What should users expect?

[Nov 19, 2024 4:55 PM] Three of the five individuals indicted in the FTX case have been sent to prison, while one was given time served.

FTX Targets Binance and CZ With $1.8 Billion Clawback

[Nov 15, 2024 8:30 PM] Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ…

US gov’t points to Gary Wang’s ’outstanding cooperation’ in FTX case

[Nov 13, 2024 8:52 PM] Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served.

Sam Bankman-Fried Movie in the Works Based on Michael Lewis’s FTX Book

[Nov 13, 2024 11:30 AM] Apple and A24 are in the early stages of developing a film adaptation of Michael Lewis’s book “Going Infinite: The Rise and Fall of a New Tycoon,” with Lena Dunham attached to write the script, Variety has reported. The film will…

Hollywood is planning a Sam Bankman-Fried movie based on Going Infinite

[Nov 12, 2024 8:41 PM] Apple Studios and A24 are reportedly planning to adapt Michael Lewis’ book on the rise and fall of the former FTX CEO into a feature film.

Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors

[Nov 11, 2024 9:56 PM]

FTX filed for bankruptcy 2 years ago — What’s happening now?

[Nov 11, 2024 9:50 PM] The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end.

FTX Wants $1.8 Billion From Binance and Changpeng Zhao

[Nov 11, 2024 9:33 PM] A new lawsuit by the FTX estate claims Binance and its former CEO were parties to an allegedly fraudulent share repurchase transaction. FTX is Going After Its Former Investors FTX wants its money back. According to court documents released by FTX…

Ex-Alameda exec Trabucco gives up yacht, apartments in FTX settlement

[Nov 11, 2024 9:32 PM] Sam Trabucco left Alameda Research months before the FTX collapse and kept his head down — probably on his yacht Soak My Deck.

FTX Sues Binance, Former CEO CZ for $1.8B

[Nov 11, 2024 12:14 PM] The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent.

Humpy the Whale Cost FTX, Alameda $1 Billion in Losses, Lawsuit Alleges

[Nov 11, 2024 10:12 AM] The suit also links him to organized crime in Eastern Europe and terrorist groups.

Alameda Research files $90M ‘aggressive’ lawsuit against Waves founder

[Nov 11, 2024 9:27 AM] FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.