FTX News
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…
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. Sentencing dates set for former FTX executives Nishad Singh and…
FTX Creditors to Receive Billions in Repayments, Yet Controversy Lingers
FTX creditors expected to receive $14-16 billion in cash payouts this fall. Some customers unhappy with the plan, demand greater compensation. Recovered assets include misappropriated…
From PlayStation to Crypto: Sony Acquires Amber Japan, Expanding into Digital Assets
Sony enters crypto trading by acquiring Amber Japan, expanding its diverse $100B+ business portfolio. Amber Group's resilience post-FTX collapse, securing $300M funding, underscores its strategic…
Ripple CTO Joins Criticism of FTX’s Strict KYC Measures
Ripple CTO highlights recent SEC legal setbacks amid FTX's KYC controversy. FTX's strict KYC checks have led to creditor rejections due to mismatched financial records.…
FTX Bankruptcy: $16 Billion Recovered, Cash Payments Planned for Customers
FTX can now solicit creditor votes on its liquidation plan. Customers to be repaid in cash, not cryptocurrency. Dispute over repayment values based on 2022…
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…
From Crypto King’s Perch to Auction Block: FTX Bahamas Penthouse for Sale
FTX's $30 million Orchid penthouse is now up for sale. FTX overpaid for its Bahamian properties, creating a bubble market. Liquidation hopes to recover losses…
From FTX Bahamas CEO to Potential Prison Inmate
Former FTX executive could face up to 7 years for role in crypto exchange's collapse. Sentencing memo highlights unlicensed money transfers, massive campaign finance violations.…
