FTX News
SBF Avoids Double Trial; FTX Claws Back Millions in Settlements
Sam Bankman-Fried will not go through a second trial as prosecutors decide against it. The sentencing of the 31-year-old crypto founder is set for March…
FTX Customer Repayment: Values BTC at $16K, ETH at $1.2K, SOL at $16
FTX files a repayment plan that estimates the value of the customers’ crypto assets. The plan values BTC at $16K and places ETH and SOL…
Brad Garlinghouse Interview Sheds Light on $10M Debt FTX Owes Ripple
XRP community member referenced Brad Garlinghouse's statements in an interview to shed light on FTX's debt to Ripple. Garlinghouse, in the interview, confirmed that Ripple…
‘FTX’s Solana Holdings Are Now Worth $6B’: XRP Attorney
Solana rises to a yearly high of 687.09%, contributing to the rise of FTX’s SOL holdings. XRP lawyer Deaton tweeted that the FTX’s SOL holdings…
FTX and Bahamas Liquidators Agree on New Bankruptcy Terms
FTX has resolved the lingering issue with liquidators on how to treat their Bahamas unit. Both entities will pool their assets and use a unified…
Released FTX Liquidation Data “Does Not Make Sense”: Influencer
The liquidation data for FTX, the defunct cryptocurrency exchange, has been published. Martin Folb thinks the published liquidation information is inaccurate. Folb accused Gary Gensler…
FTX’s New Proposal Left “Many Important Questions Unanswered”
The FTX’s new proposals for its bankruptcy case reportedly left out key details. The plan omitted details on how the company will estimate the value…
FTX Debtors Want Customers Paid Value of Assets as of November 2022
FTX Debtors want customers to be paid the worth of their crypto assets as of the day the crypto exchange went bankrupt. The proposal, detailed…
FTX Clashes with US Tax Authorities Over ‘Enormous’ $24B Tax Demand
FTX is contesting a substantial $24 billion tax bill imposed by the Internal Revenue Service's (IRS) tax authorities. The proposed tax amount lacks substantiation and…
FTX and Alameda Move $23.59M to Exchanges and Galaxy Digital OTC
FTX and Alameda Research moved out $23.59M in 19 assets to Exchanges and GalaxyDigital OTC. The firms have deposited around $591 million worth of 74…
