Backpack Exchange and FTX clash over FTX EU ownership
[Jan 9 1:22 PM] The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.
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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…
US bids to seize Bankman-Fried’s crypto allegedly used in China bribes
[Nov 13, 2024 5:00 AM] Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried.
FTX settles lawsuit against the Bybit exchange for $228 million
[Oct 27, 2024 5:03 PM] The prices of Bitcoin and other digital assets were significantly lower during the 2022 collapse of FTX compared to current market prices.
FTX Bankruptcy: Key Dates For The $16 Billion Payout And Potential Market Effects
[Oct 10, 2024 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, 2024 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…
FTX bankruptcy estate auctioning Worldcoin tokens this week
[Oct 2, 2024 9:17 PM] According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply.
No, FTX distribution payments do not begin on September 30
[Sep 29, 2024 5:27 PM] According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms.
FTX creditors only getting '10-25% of their crypto back' — creditor
[Sep 28, 2024 6:58 PM] Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
US Trustee challenges FTX reorganization plan, citing legal concerns
[Aug 25, 2024 7:49 AM] The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations.
NY judge approves $12.7B settlement between FTX, Alameda and CFTC
[Aug 8, 2024 4:51 AM] United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors.
Solana Price Crashes Below $160 Amid Revelations Of FTX’s Hidden SOL Stash
[Aug 3, 2024 6:30 AM] The Solana price has been rocked by the latest bombshell revelations surrounding the collapse of crypto exchange FTX. According to a whistleblower claiming inside knowledge of FTX’s operations, the now-bankrupt company is secretly holding a…
Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert
[Jul 5, 2024 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…
Cash or crypto? FTX creditors to vote on how they're paid back
[Jun 25, 2024 10:49 PM] FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.
FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote
[Jun 25, 2024 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…
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
[Jun 8, 2024 11:38 PM] According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders…
Small creditors put at risk by latest FTX bankruptcy development
[May 15, 2024 7:28 AM] The transfer of the bankruptcy claim from FTX EU to FTXcreditor could have a significant impact on stakeholders.
FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?
[May 8, 2024 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’s Civil Liability Released In Settlement With Investors
[Apr 24, 2024 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…
FTX Estate Offloads $1.9 Billion Worth Of Locked Solana (SOL) Tokens In Sale
FTX Founder Sam Bankman-Fried Breaks Silence, Announces Appeal For 25-Year Conviction
[Apr 1, 2024 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…
Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process
[Apr 1, 2024 1:19 PM] The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that…
Pantera Capital Plans $250M Solana (SOL) Buy, Analyst Predicts Record Rally Toward $1000
[Mar 7, 2024 8:00 PM] Pantera Capital, a prominent crypto-focused asset manager with assets totaling $5.2 billion, has launched a fundraising campaign to purchase discounted Solana (SOL) tokens from the bankrupt estate of crypto exchange FTX. According to Bloomberg…
Lawyer Says FTX Has Abandoned Revival Efforts, Judge Certifies Controversial Reimbursement Plan
[Feb 2, 2024 6:30 AM] The collapsed cryptocurrency exchange FTX will not be proceeding with efforts to resume operations because none of the prospective suitors has pledged to invest the needed capital, the company’s attorney has said. A U.S. Bankruptcy Court…
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.
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…