Former FTX Executive Ryan Salame Sentenced to 7.5 Years in Prison
[May 28 10:14 AM] Salame's lawyers initially asked for 18 months.
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Former FTX exec sentenced to 7.5 years in prison after guilty plea
[May 28 10:01 AM] After Sam Bankman-Fried, Ryan Salame is one of the first individuals connected to FTX and Alameda Research to receive prison time.
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
[May 25 10:13 PM] An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading…
Investigation finds FTX bankruptcy lawyer didn’t conspire with exchange
[May 24 10:59 AM] An independent probe found that Sullivan & Cromwell was not complicit in the now-defunct exchange’s fraud.
Ex-FTX CEO ends up in Oklahoma prison despite request from judge
[May 23 2:10 PM] Records show Sam Bankman-Fried was in the Federal Transfer Center in Oklahoma City, suggesting authorities may still transfer him to a prison in California.
Spokesperson Hints at Sam Bankman-Fried’s Possible Move to California Prison
[May 23 10:16 AM] According to the Wall Street Journal, the convicted FTX co-founder Sam Bankman-Fried (SBF) is being transferred from the Metropolitan Detention Center in Brooklyn to an undisclosed location. Sources speculate that SBF might be headed to the Federal…
Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
[May 22 11:15 AM] Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient…
US authorities will transfer SBF to California prison: Report
[May 22 10:32 AM] The former FTX CEO has been housed in a cell at the Metropolitan Detention Center in Brooklyn since a judge revoked his bail in August 2023.
US prosecutors push for 5–7 years in prison for ex-FTX exec
[May 22 1:27 AM] U.S. prosecutors demanded “just punishment” fitting the scale of his crime, but Salame’s lawyers argue that he should serve no more than 18 months.
US lawmaker addresses House before FIT21 vote: Bill ‘will stop another FTX’
[May 21 12:51 PM] Representative Wiley Nickel called on Democrats and Republicans to support the bill to stop the SEC from “turning cryptocurrency regulation into a political football.”
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
[May 19 6:50 AM] Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per…
Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing
[May 16 10:23 AM] Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous…
Ex-Alameda Research co-CEO calls for ‘fair’ sentencing of Ryan Salame
[May 16 10:15 AM] Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX.
Ex-FTX exec Ryan Salame asks for no more than 18 months in prison
[May 15 12:29 PM] The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial.
Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
[May 14 11:46 PM] Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.
Was Sam Bankman-Fried Proven Right About FTX’s Solvency?
[May 10 2:03 PM] No.
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
[May 10 7:43 AM] The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible…
SBF maintains his innocence as he trades rice in jail
[May 10 12:17 AM] FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well.
Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
[May 8 3:16 PM] Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.
FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?
[May 8 1:00 PM] In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers. The announcement has sparked a substantial surge in the exchange’s native token, FTT, which…
Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
[May 8 7:11 AM] FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate…
Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal
[May 8 2:56 AM] FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities.
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan
[May 7 8:49 PM] Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday…
FTX plans full pay back of all creditors ‘plus billions in compensation’
[May 7 5:31 PM] Under the plan, 98% of FTX creditors will get up to 118% of their claims back — the remainder will receive all of their claims “plus billions in compensation,” says FTX.
FTX addresses transferred $8.3M one day before amended proposal deadline
[May 6 5:01 AM] The transfer occurred a day before FTX debtors were set to release a new restructuring plan for the exchange.
Former FTX exec Ryan Salame to give up $5.9M Bahamas property
[May 2 9:07 PM] Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd.
Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ
[May 2 1:48 AM] Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal has reported.
Bankruptcy judge signs off on $450M FTX-Voyager settlement
[Apr 29 1:45 PM] According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the crypto exchange.
FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors
[Apr 24 10:00 PM] According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried. In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs…
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
[Apr 22 10:12 AM] Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.