Search
FTX Estate Set To Auction Locked Solana Tokens, Figure CEO Mike Cagney Says
22.4.2024
The FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens, Figure CEO Mike Cagney alleged in a Saturday post to X.
The post FTX Estate Set To Auction Locked Solana Tokens, Figure CEO Mike Cagney Says appeared first on Cryptonews
Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports
2.4.2024
Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week - telling ABC News that he "never thought" his actions were against the law. The FTX founder is currently serving a 25 year prison sentence and must pay an $11 billion fine for his role in the now doomed...
Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process
1.4.2024
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 transpired, emphasizing his stance that he “never...
FTX Liquidators Target Repayment to Creditors by End of 2024
1.4.2024
The FTX bankruptcy estate has outlined its target to initiate repayments to customers by the end of 2024, as disclosed during a meeting of FTX Digital's Joint Official Liquidators in the Bahamas.
The post FTX Liquidators Target Repayment to Creditors by End of 2024 appeared first on Cryptonews
Former FTX Executives and Promoters To Pay $1.35 Million in Lawsuit Settlement Deal
29.3.2024
Former executives and promoters of crypto exchange FTX have agreed to settle a class action following founder Sam Bankman-Fried's sentencing Thursday, court documents filed yesterday show. Former head of engineering for FTX, Nishad Singh, Alameda Research CEO, Caroline Ellison, chief technological...
FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors
25.3.2024
The value of FTX's FTT token surged 10% on the news
How Many Years Will Sam Bankman-Fried Get In Prison, Really?
22.3.2024
Set to be sentenced next week, disgraced FTX founder Sam Bankman-Fried is facing charges that carry a total maximum penalty of over 100 years in prison. Former U.S. Assistant Attorney and white-collar crime expert Kevin J. O'Brien weighs in on the FTX estate and Bankman-Fried's prison time.
The...
Unabomber Prosecutor to Conduct FTX Probe Into Law Firm Sullivan and Cromwell’s “Conflicts of Interest”
22.3.2024
Unabomber prosecutor Robert J. Cleary has been approved by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX. Cleary's appointment marks a significant shift into the collapse of FTX following over a year of calls for an appointment...
FTX Users Seek Return of Crypto Assets, Not Dollars
21.3.2024
In a collection of letters, FTX users around the globe have asked for their coins instead of being reimbursed.
The post FTX Users Seek Return of Crypto Assets, Not Dollars appeared first on Cryptonews
FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights Ongoing Suffering of Victims
21.3.2024
John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried's lawyers to reduce his sentence, emphasizing that the victims of the fraud "have suffered and continue to suffer."
The post FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights...
FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences
19.3.2024
The Department of Justice (DOJ) has filed dozens of victim impact statements in the criminal case against Sam Bankman-Fried ahead of his sentencing.
The post FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences appeared first...
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged 'Seller’s Remorse'
18.3.2024
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed
New Court Documents Reveal Sam Bankman-Fried’s Strategies to Repair Public Image
18.3.2024
Newly revealed court documents shed light on Sam Bankman-Fried's strategies aimed at repairing his public image following the collapse of FTX in 2022.
The post New Court Documents Reveal Sam Bankman-Fried’s Strategies to Repair Public Image appeared first on Cryptonews
FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values
4.3.2024
The exchange has faced criticism on social media from users who have blasted FTX for pricing major crypto assets significantly lower than their market values.
The post FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values appeared first on Cryptonews
FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud
21.2.2024
A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, a February 16 Miami court filing revealed.
The post FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud appeared first...
Investor Trust in Exchange Tokens Sees Resurgence, Overcoming FTX Scandal Shadows
20.2.2024
Crypto exchange tokens have shown resilience, rebounding from the lows caused by the FTX bankruptcy and reaching new highs amid the ongoing bullish market.
The post Investor Trust in Exchange Tokens Sees Resurgence, Overcoming FTX Scandal Shadows appeared first on Cryptonews
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims
18.2.2024
FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...
Law Firm Handling FTX’s Bankruptcy Case Expected to Become Binance’s Independent Monitor
16.2.2024
New York-based law firm Sullivan & Cromwell, which is currently handling FTX’s bankruptcy case, is expected to be appointed as the independent monitor for Binance Holdings. The move comes after Binance reached a multibillion-dollar settlement with the US government. As part of...
From $10M to $500K: FTX Slashes Digital Custody Unit Price in Post-Collapse Sale
13.2.2024
Now-defunct crypto exchange FTX is set to sell one of its Digital Custody Inc. (DCI) unit for a fraction of its original price. DCI, which was purchased by FTX for $10 million in August 2022, will now be sold to the token sale platform CoinList for a mere $500,000. Initially, FTX acquired DCI...
FTX Seeks Exit from Anthropic Holdings, Proposes Entire 8% Stake Sale
4.2.2024
Bankrupt cryptocurrency exchange FTX is seeking approval to sell its 8% stake in AI startup Anthropic Holdings. The motion, filed by FTX’s current CEO, John Ray III, requests permission to sell the stake and proposes two possible procedures, including an auction or a private sale. FTX aims...