FTX Files Reorganization Plan to End Bankruptcy
[Dec 18, 2023 3:36 AM] Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
10 / 59 Relevant items tagged with #FTX
Posts: 1,744
Posts
FTX loses $53K every hour on 'bankruptcy fees' — latest filings show
[Dec 17, 2023 11:44 PM] More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October or $1.3 million per day.
Solana Rally Sees FTX's Holdings Grow to $4.2B, Setting Claims Market on Fire
[Dec 15, 2023 8:13 AM] FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries
[Dec 13, 2023 6:44 PM] A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds from the failed crypto firm's estate.
FTX And IRS Lock Horns Over $24 Billion Tax Bill, FTT’s Key Support Wavers
[Dec 12, 2023 7:00 PM] In a striking turn of events, the Internal Revenue Service (IRS) in the United States has presented a staggering tax bill of $24 billion against the bankrupt cryptocurrency exchange FTX. FTX Challenges IRS’s $24 Billion Tax Bill According to…
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
[Dec 12, 2023 7:03 AM] The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.
Sam Bankman-Fried’s lawyer says FTX fraud trial was “almost impossible” to win: Report
[Dec 12, 2023 6:08 AM] The head of Sam Bankman-Fried’s legal defense admitted the odds of winning the FTX fraud trial were stacked against the former CEO.
FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX
[Dec 9, 2023 3:38 AM] The latest transfer of $23.59 million was spread across 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI and SOL.
FTX to submit revised reorganization plan in mid-December
[Dec 7, 2023 6:39 AM] Bankrupt, defunct exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
US crypto firms spent more on lobbying in 2023 than before FTX collapse: Report
[Dec 5, 2023 2:15 PM] Government transparency group Open Secrets reported U.S. crypto firms spent roughly $19 million on lobbying from January to September 2023.
Michael Kutsche: Caroline Ellison Had Her Mind 'Hijacked'
[Dec 4, 2023 7:45 AM] The artist made an NFT of the former Alameda Research executive for our Most Influential package.
Ian Allison's Giant Sam Bankman-Fried Scoop Won Accolades in 2023
[Dec 4, 2023 7:23 AM] The CoinDesk reporter belongs in the journalism hall of fame since there's little, if any, precedent for the waves his story on Alameda Research and FTX stirred up.
FTX and Alameda transfers another $22M worth of crypto asset
[Dec 3, 2023 4:48 AM] Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
Disgraced FTX Co-Founder Placed On Suicide Watch In Prison, Reveals Former Inmate
[Dec 1, 2023 3:00 PM] Sam Bankman-Fried, the co-founder of the FTX crypto exchange, who was recently found guilty of multiple counts of criminal fraud, reportedly faced a harrowing experience while incarcerated. According to a former mobster turned federal informant…
Sam Bankman-Fried will not file any post-trial motions, say lawyers
[Dec 1, 2023 2:41 PM] The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison.
SBF was almost extorted for ‘protection' in Brooklyn jail, recalls ex-inmate
[Nov 30, 2023 9:58 PM] Gene Borrello, a former prisoner at MDC, told crypto blogger Tiffany Fong that Sam Bankman-Fried was targeted for his timid nature and having “the body of the 80-year-old.”
Court Approves FTX Estate’s Sale of $870M in Grayscale and Bitwise Shares Amid Surging Claim Transfers
FTX Gets Court Approval to Sell $873M Worth of Grayscale, Bitwise Trust Assets
[Nov 29, 2023 4:32 PM] FTX held shares of five Grayscale Trusts totaling $691 million and one Bitwise trust, amounting to $53 million as of Oct. 25, according to an earlier court filing.
Binance Compliance Officer Under Scrutiny For FTX, Gemini, And Sex Trafficker Associations
[Nov 28, 2023 8:00 PM] In a recent investigative report by the media outlet Unlimited Hangout, serious allegations were made against Noah Perlman, the chief compliance officer of Binance. The report highlights Perlman’s alleged ties to the collapse of FTX, the…
Fireblocks launches trading system to mitigate centralized exchange risk
[Nov 28, 2023 12:45 PM] The “Off Exchange” trading system was launched by Fireblocks, allowing institutions to trade without fully relinquishing custody.
FTX failure reveals flaws in multifunction crypto-asset intermediaries — FSB
[Nov 28, 2023 7:18 AM] The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers.
FTX users name Mercedes F1 team and MLB in new promo lawsuits
[Nov 27, 2023 11:00 PM] The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.
The end of an era for Binance, troubles for Kraken: Law Decoded
[Nov 27, 2023 2:00 PM] Binance and CZ’s ongoing legal drama with United States law enforcement ended with a plea deal.
Sam Bankman-Fried Used Mackerel to Pay For a Haircut in Brooklyn Detention Center: WSJ
[Nov 24, 2023 9:03 AM] With smoking now banned, the age-old practise of paying for certain goods and services with cigarettes has given way to trading preserved fish.
Court Upholds Detention of Ex-FTX CEO Sam Bankman-Fried, Deeming Release Arguments ‘Unpersuasive’
From Crypto To Catch: Disgraced FTX Founder Turns To Trading Fish In Prison
[Nov 23, 2023 4:30 PM] According to a report by Business Insider, Sam Bankman-Fried (SBF), co-founder and former CEO of FTX, has adapted to the economic system of New York’s Metropolitan Detention Center (MDC), where he is currently awaiting sentencing on multiple…
FTX’s FTT Token Leads Market Gains With 55% Rally, What’s Driving It?
[Nov 23, 2023 10:00 AM] The utility token of the defunct crypto exchange FTX, FTT is one of the top gainers in the last few days, rising 55% in just 48 hours alone. This has led to speculations as to what may be driving the token’s rally. One of them relates to a recent…
FTX’s FTT token rallies 28% — Binance effect or FTX 2.0 reopening?
[Nov 23, 2023 6:45 AM] The surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
Avalanche C-Chain Burning $12.65 Of AVAX Every Second, What Does It Mean For Price?
[Nov 22, 2023 8:00 PM] Taking to X on November 22, one user, @kevinsekniqi, notes that the Avalanche C-Chain is burning roughly $12.65 of AVAX every second, a development that could be a massive boost for AVAX in the long term. The surge in AVAX burning on the C-Chain is…
FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information
[Nov 21, 2023 12:46 AM] FTX-backed artificial intelligence company Anthropic's CEO and co-founder Dario Amodei declined an offer from OpenAI's board of directors to merge, according to a news report.