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

[Nov 21 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…

FTX Bankruptcy: Key Dates For The $16 Billion Payout And Potential Market Effects

[Oct 10 1:00 AM] On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets.  This decision comes at a critical time for…

FTX Bankruptcy Plan Approved: $16 Billion In Assets To Be Repaid, FTT Price Soars 20%

[Oct 7 8:33 PM] A US bankruptcy court has officially approved crypto exchange FTX liquidation plan, paving the way for it to repay customers using $16 billion in recovered assets, according to Reuters, which reports that the ruling was made by Judge John Dorsey…

Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert

[Jul 5 9:00 PM] In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which…

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

[Jun 25 8:00 PM] FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022.  The decision by Judge John Dorsey…

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…

FTX Co-Founder Sam Bankman-Fried Appeals 25-Year Conviction And Makes Unusual Request

[Apr 11 8:30 PM] In a dramatic turn of events, Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. The judgment was handed down by US District Judge Lewis Kaplan during a…

FTX Founder Sam Bankman-Fried Breaks Silence, Announces Appeal For 25-Year Conviction

[Apr 1 9:00 PM] In a recent interview with ABC News, Sam Bankman-Fried (SBF), the co-founder and former CEO of the now-bankrupt cryptocurrency exchange FTX, spoke about his remorse and plans for an appeal following his recent 25-year prison sentence for fraud. FTX…

Alameda Research’s Worldcoin Investment Hits All-Time High, Exceeding $50M As WLD Price Climbs

[Feb 19 8:00 PM] Worldcoin, the digital identity token ERC-20 project on the Ethereum (ETH) blockchain, has garnered significant attention. Its native token, WLD, emerges as the top performer among the top 100 cryptocurrencies by market capitalization.  The token…

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…

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…

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…

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 Transfers $150M In Assets, Including Ethereum And Solana, Amid Bankruptcy

[Oct 31, 2023 3:00 PM] Blockchain analytics firm Nansen has recently revealed that wallets associated with bankrupt crypto exchange FTX have transferred approximately $156 million worth of digital assets, including Ethereum (ETH) and Solana (SOL), in a series of…

FTX Ramps Up Restitution Efforts, Subpoenas AI Firm CAIS Over $6.5M Investment

[Oct 26, 2023 1:00 PM] Bankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control and recover assets in its pursuit of financial restitution.  As founder Sam Bankman-Fried awaits possible…

BREAKING: FTX Founder SBF On The Brink Of Jail: Judge Set To Rule On Bail

[Jul 26, 2023 2:27 PM] According to a recent report by Reuters, Sam Bankman-Fried, former CEO and founder of the bankrupt cryptocurrency exchange FTX, has had his bail conditions tightened by a US judge following allegations of witness tampering.  While the judge…

FTX Bold Move: Sells SUI For $100 Million, Tokens Now Worth $1 Billion

[May 3, 2023 2:00 PM] According to the trader and analyst of the crypto market under the pseudonym “Googly,” the fallen crypto exchange FTX sold warrants for $884 million SUI tokens to Mysten Labs and preferred stock for less than $100 million in March. The paper…

Kraken’s Jesse Powell Blast FTX And Sam Bankman-Fried Without Naming Them

[Nov 10, 2022 8:31 PM] Leave it to Jesse Powell to say what everyone in crypto is thinking. “I’m really trying to control my rage,” the mind behind Kraken tweeted to begin his rant. In the following article, we’ll comment on several of his very interesting points…