FTX Bankruptcy Plan Takes Effect with Repayments for 98 Percent of Users
Crypto FTX begins user payouts under its bankruptcy plan, offering relief for claimants amid valuation disputes, legal hurdles, and crypto market shifts.
FTX
Bitcoin Exchange Deposits Plummet to 2016 Levels as Holders Retreat
Cryptocurrency Bitcoin exchange deposits drop to 30,000 daily, mirroring 2016 levels. Rising withdrawals and reduced supply suggest tighter spot market conditions.
FTX to Distribute $16B Claims Starting Jan 3: $12B in Stablecoins on Deck
FTX will allocate $16 billion, including $12 billion in stablecoins, starting January 3, 2025. The redistribution of funds is expected to initiate altcoin trading activity. The stablecoin release has led...
FTX Executive Ryan Salame to Serve Reduced Sentence of 6.5 Years
Ryan Salame’s prison sentence was reduced to six and a half years after federal review. Good behavior credits likely influenced sentence adjustment.
FTX Partners with BitGo and Kraken to Facilitate Bankruptcy Payouts in Stablecoins
FTX partners with BitGo and Kraken for payouts, offering stablecoin options. Creditors must complete KYC and tax steps by Jan 3, 2025.
Winklevoss Calls for New Probe Into SBF’s Dropped Campaign Finance Charges
Cameron Winklevoss urges a fresh probe into Sam Bankman-Fried's dropped campaign finance charges, questioning DOJ's decision.
FTX Creditors to Expect Payouts as Reorganization Plan Commences in January 2025
FTX sets creditor payouts for January 2025 under its reorganization plan, with over $6.6B to be distributed in cash, exceeding locked fund values.
Sam Trabucco Relinquishes $70M Claim, Luxury Assets in FTX Settlement
Ex-Alameda co-CEO Sam Trabucco to forfeit $70M claim, a yacht, and SF condos in settlement with FTX, benefiting creditors.
FTX Sues Binance and CZ in $1.8 Billion Lawsuit Over Alleged Fraudulent Stake Buyback and Collapse
FTX sues Binance and ex-CEO CZ for $1.8 billion, alleging fraudulent share buyback and actions that contributed to FTX's downfall.
FTX Sues SkyBridge and Scaramucci to Recover $100M in Bankruptcy Assets
FTX’s bankruptcy team files a $100M lawsuit against SkyBridge and Scaramucci, citing alleged violations and questionable investments tied to pre-collapse deals.
Ryan Salame Begins Sentence at FCI Cumberland for Role in FTX Scandal
Ryan Salame, ex-FTX executive, starts his seven-and-a-half-year sentence at FCI Cumberland after pleading guilty to illegal contributions.
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