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FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
FTX and CFTC agree to $12.7B settlement, subject to court approval
17.7.2024
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors
Cash or crypto? FTX creditors to vote on how they're paid back
26.6.2024
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan
Japanese exchange BitFlyer to acquire FTX Japan
20.6.2024
FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
9.6.2024
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 millions of dollars to prevent potential harm to...
FTX reaches $200M settlement with IRS on tax bill
4.6.2024
The agreement, which is subject to a court approval, resolves a major hurdle for FTX bankruptcy process
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
26.5.2024
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared...
Investigation finds FTX bankruptcy lawyer didn’t conspire with FTX
24.5.2024
An independent probe found that Sullivan & Cromwell was not complicit in the now-defunct exchange's fraud
FTX-Funded Charity Effective Ventures Acted ‘Diligently’ Protecting Funds: UK Govt. Probe Conclude
23.5.2024
Effective Ventures, an FTX-funded charity, acted “diligently and quickly” to protect charity funds after FTX Collapse, probe finds.
The post FTX-Funded Charity Effective Ventures Acted ‘Diligently’ Protecting Funds: UK Govt. Probe Conclude appeared first on Cryptonews
Small creditors put at risk by latest FTX bankruptcy development
15.5.2024
The transfer of the bankruptcy claim from FTX EU Ltd. to FTXCREDITOR, LLC, could have significant impact on stakeholders
Was Sam Bankman-Fried Proven Right About FTX’s Solvency?
10.5.2024
No
FTX Creditors Set for Cash Windfall Beyond 100% of Claims
8.5.2024
A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. They may even receive additional cash on top of that amount.
The post FTX Creditors Set for Cash Windfall Beyond 100% of Claims appeared first on Cryptonews
Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan
8.5.2024
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening
FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan
7.5.2024
This transfer occurred just a day before FTX debtors were scheduled to release an amended restructuring plan for the exchange, adding a layer of intrigue to an already complex situation.
The post FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan appeared first...
Pantera Capital Secures More Solana Tokens in FTX Bankruptcy Auction: Bloomberg
26.4.2024
Bloomberg reports that Pantera won bids for some of the 41 million locked Solana tokens during an FTX estate auction this week.
The post Pantera Capital Secures More Solana Tokens in FTX Bankruptcy Auction: Bloomberg appeared first on Cryptonews
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...