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Sam Bankman-Fried awaits prison while FTX clients wait full repayment
12.2.2024
FTX could be on a path of course correction. Per the recent update, the company is expected to make refunds in full to eligible customers. Meanwhile, Sam Bankman-Fried is about to spend most of his life in prison. His hearing in Brooklyn is scheduled to happen on March 28, 2024. Representatives...
FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress
22.1.2024
Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for “depleting creditor...
FBI Dives Into FTX Customer Records — Field Offices Issue Subpoenas to Bankruptcy Consultants
4.11.2023
Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s local offices across various states. FTX Implosion Leads...
FTX clients face deceptive priority withdrawal scam
21.10.2023
FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...