FTX News
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.…
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…
FTX Collapse: Salame Requests Lenient Sentence, Claims Innocence
FTX’s Ryan Salame seeks an 18-month term, citing cooperation with authorities. Legal team says Salame's life and career are already deeply impacted by the FTX…
Frontline Bybit Trader Accuses Worldcoin Team of System Manipulation
According to DeFi^2 Worldcoin might become the greatest transfer of wealth in the upcoming bull cycle. The top trader accused the Worldcoin team of plans…
FTX’s Bankman-Fried Trading Rice Behind Bars Amid Fraud Conviction Appeal
Despite facing incarceration and significant weight loss, Bankman-Fried maintains his innocence and diligently prepares for his appeal. Life in jail presents unexpected challenges, with rice…
SEC’s Crypto Crackdown Persists Despite Industry Compliance Efforts: What’s Next?
SEC's crypto crackdown persists despite industry compliance efforts, signaling ongoing regulatory ambiguity. Robinhood's proactive delisting highlights the challenges of navigating SEC scrutiny in the crypto…
FTX Customers Face Potential $10B Loss with Proposed Compensation Plan
Sunil Kavuri criticizes FTX's compensation plan for severely undervaluing customer claims. FTX customers will potentially lose $10 billion with the proposed plan. The plan includes…
FTX Files Amended Reorganization Plan, Assures Full Reimbursement
FTX files Reorganization Plan, assuring that all its customers will receive at least the amount lost during the exchange’s fall. 98% of FTX creditors are…
