FTX News
Ryan Salame, Ex-FTX Executive, Requests Sentence Postponement for Surgery
Former FTX executive Ryan Salame is seeking a 45-day postponement of his prison sentence, citing the need for emergency surgery following a dog bite. Salame, who pleaded guilty to criminal...
bitFlyer Acquires FTX Japan, Rebrands as New Custody Company
bitFlyer, a Japanese crypto exchange, has acquired the Japanese branch of the now-bankrupt exchange FTX. FTX Japan will be rebranded after the purchase, initially operating under the temporary name New...
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 process. Hedge fund Diameter Capital...
FTX Bankruptcy Update: $12.7 Billion Settlement with CFTC
Defunct crypto exchange FTX, once valued at $32 billion at its peak and boasting over $10 billion in daily trading volume, has agreed to a $12.7 billion settlement with the...
FTX News: Nishad Singh and Gary Wang Sentencing Dates Set Amidst Liquidation
FTX to distribute $16 billion in cash to creditors by Q4, potentially impacting crypto markets. FTX, the troubled cryptocurrency exchange, is preparing to distribute $16 billion in cash to its...
FTX Creditors to Receive Billions in Repayments, Yet Controversy Lingers
The FTX customer repayment saga continues to unfold, with a recent update from crypto influencer MartyParty catching the attention of his 96.9K followers. Earlier today, he revealed that FTX creditors...
From PlayStation to Crypto: Sony Acquires Amber Japan, Expanding into Digital Assets
Sony Group has entered the cryptocurrency trading platform sector with the acquisition of Amber Japan, a move that highlights the conglomerate’s commitment to diversifying its already extensive portfolio. As noted...
Ripple CTO Joins Criticism of FTX’s Strict KYC Measures
Ripple CTO highlights recent SEC legal setbacks amid FTX’s KYC controversy. FTX’s intensified KYC verification process has sparked controversy among creditors, with some facing rejections due to discrepancies in reported...
FTX Bankruptcy: $16 Billion Recovered, Cash Payments Planned for Customers
A U.S. bankruptcy court has approved FTX’s liquidation plan, paving the way for the beleaguered crypto exchange to repay customers in cash following its high-profile collapse. This decision comes after...
FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost
The FTX liquidates the final 15M Anthropic shares at $450 million. FTX’s total earnings from Anthropic shares now hit $1.3B with $800M profit. FTX’s bankruptcy legal and administrative fees reportedly...
From Crypto King’s Perch to Auction Block: FTX Bahamas Penthouse for Sale
A lavish penthouse atop the Orchid building in Nassau, Bahamas, is set for sale as part of the ongoing liquidation of assets belonging to bankrupt cryptocurrency exchange FTX. This opulent...
From FTX Bahamas CEO to Potential Prison Inmate
In the wake of the FTX crypto empire’s collapse, U.S. prosecutors are seeking a 5- to 7-year prison sentence for former executive Ryan Salame. Salame has pleaded guilty to his...
Former FTX Executive Pleads For an 18-Month Maximum Sentence
Ryan Salame’s lawyers have asked for a lenient sentence for their client. The lawyers begged the court to sentence Salame to not more than 18 months in prison. Salame served...
FTX Collapse: Salame Requests Lenient Sentence, Claims Innocence
Ryan Salame, a former executive at the now-bankrupt cryptocurrency exchange FTX, has requested a lenient 18-month prison sentence in connection with the fraud case surrounding the company’s collapse. Salame, who...
Frontline Bybit Trader Accuses Worldcoin Team of System Manipulation
According to DeFi^2, a ranked trader on Bybit, Worldcoin might become the most significant transfer of wealth in the upcoming bull cycle. In a post on X, the famous trader...
FTX’s Bankman-Fried Trading Rice Behind Bars Amid Fraud Conviction Appeal
Sam Bankman-Fried, co-founder of FTX, is now using rice as currency while he is being detained in MDC, Brooklyn, for his fraudulent activities and will serve a 25-year sentence. Bankman-Fried...
SEC’s Crypto Crackdown Persists Despite Industry Compliance Efforts: What’s Next?
The SEC’s intense legalistic activity targeting both large and small, has become a prominent feature of the regulatory landscape. Recently, Robinhood found itself in the crosshairs of the U.S. Securities...
FTX Customers Face Potential $10B Loss with Proposed Compensation Plan
Creditor activist Sunil Kavuri has voiced strong opposition to the proposed plan of FTX to compensate the defrauded customers of the fallen crypto exchange. Kavur took to X to outline...
FTX Files Amended Reorganization Plan, Assures Full Reimbursement
The bankrupt crypto exchange FTX recently filed their anticipated Reorganization Plan in the United States Bankruptcy Court for the District Court of Delaware. The firm has planned the “centralized distribution”...
FTX and Binance Founders’ Legal Cases Show Crypto’s Dark Corners
FTX’s Sam Bankman Fried and Binance’s Changpeng Zhao, once the rulers of the crypto world, recently faced legal challenges and prison sentences, showcasing the space’s unpredictable nature. With the court...
There Is No Option of Parole For Sam Bankman-Fried – Defense Attorney
Renowned Crypto Criminal Defense Lawyer Carlo D’Angelo has aired his view on developments surrounding the sentencing of former FTX CEO Sam Bankman-Fried. D’Angelo spoke extensively with Tiffany Fong, a renowned...
Chart Analyst Peter Brandt Revises His Stance on Bitcoin’s Trajectory
Factor LLC CEO and popular chart analyst Peter Brandt revised his previously optimistic stance on Bitcoin’s trajectory. Brandt projected a bullish trend, suggesting that it would last until September 2025...
FTX Auctions Off Solana Tokens This Week: Investors in a Buzz
According to a recent Bloomberg report, the bankrupt crypto exchange FTX has decided to auction off another unspecified amount of Solana (SOL) tokens this week. People familiar with the matter...
FTX Estate to Proceed With the Sale of Locked Solana Tokens via Auction
Bankrupt digital asset trading platform, FTX, is set to offload its locked Solana (SOL) bag via an auction, confirmed by Mike Cagney, the co-founder and CEO of Figure Markets, a...
FTX Bankman-Fried Strikes Deal to Pursue Celeb Promoters for $1.3M
FTX investors dropped claims against SBF for cooperation in pursuing celebrity promoters. SBF will assist in targeting Tom Brady and Shaquille O’Neal, who are accused of promoting FTX. The settlement...
