FTX News
FTX Payments to Begin: Bullish Signal for the Market?
FTX may start repaying creditors in October. Creditors could get between 10% and 25% of their crypto during the FTX repayment. FTX transferred 18% of…
Justice Served? Caroline Ellison’s Role in the FTX Scandal and Her Sentence
Caroline Ellison received a two-year sentence for her cooperation in the FTX scandal, contrasting Sam Bankman-Fried's 25-year term. Ellison's testimony revealed how FTX misused customer…
Solana Price at Risk as Alameda Unloads $24M in SOL Tokens
Alameda Research-linked wallet has redeemed 177.7K SOL tokens. Alameda also transferred 143,800 WLD and 373 AAVE to Binance and Coinbase. SOL is up almost 3%…
Caroline Ellison Seeks Leniency in FTX Case, Citing Cooperation in Trial
Ellison asks for leniency, citing cooperation and responsibility in FTX's downfall. Her testimony was key in Sam Bankman-Fried’s trial and FTX’s fraud case. A $12.7…
OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?
PeckShield flagged a $6.27M USDT transfer from OKX to an FTX/Alameda wallet. FTX's $12.7B creditor settlement includes $8.7B restitution and $4B disgorgement. Repayment in cryptocurrency…
FTX Reorganization Plan Wins 95% Creditor Approval
Over 95% of FTX creditors back the reorganization plan, signaling strong recovery support. FTX’s reorganization plan aims to distribute $14.5B-$16.3B, returning 100% plus interest to…
Ryan Salame, Ex-FTX Executive, Requests Sentence Postponement for Surgery
Ryan Salame requests a 45-day delay for emergency surgery after a dog bite. Salame seeks to move his self-surrender date from August 29 to October…
bitFlyer Acquires FTX Japan, Rebrands as New Custody Company
FTX Japan has been acquired by bitFlyer, a Japanese crypto exchange. The firm will be rebranded to New Custody Company until a new name is…
How BlockFi Achieved Full Recovery for Customers: A Bankruptcy Success Story
BlockFi completes FTX claims sale, ensuring 100% recovery for eligible customer and creditor claims. BlockFi partners with Coinbase for final in-kind distributions, enhancing customer recovery…
FTX Bankruptcy Update: $12.7 Billion Settlement with CFTC
FTX has reached a $12.7 billion settlement with the CFTC. The exchange will pay $4 billion in disgorgement and $8.7 billion in restitution fees. The…
