FTX News
Kraken Begins FTX Claims Payouts for Creditors Under $50K
Kraken has officially commenced the distribution process for claims related to the collapsed cryptocurrency exchange, FTX, according to Sunil FTX creditor activist Creditors who chose Kraken to handle their claims...
FTX Creditors Must Act Now to Receive Initial Distribution
The FTX Debtors’ plan of reorganization is officially in effect as of January 3, 2025. This marks the start of the initial distribution of allowed claims. However, FTX urges creditors...
FTX Repayment Plan Fact Check: Addressing Misinformation
FTX’s $16B repayments start March 2025; disputed claims may delay payouts by up to 3 years. An FTX creditor has called out a popular AI agent for spreading false information...
Andreessen Was Right Despite FTX’s Partial Success – Musk and Nawfal
Musk and Nawfal believe investors’ interests fueled FTX’s relative success. Investment opinion leaders, including Tesla CEO Elon Musk and market analyst Mario Nawfal, have cited interests from top investors as...
FTX Targets High-Profile Individuals in Legal Battle to Recover Funds
FTX, the bankrupt cryptocurrency exchange once led by Sam Bankman-Fried, has embarked on a move to recover funds from high-profile individuals involved with the exchange in the past. According to...
FTX’s FTT Token Defies Logic, Trading at $2 Despite Bankruptcy
A crypto community member on X has questioned the authenticity of publicly available information concerning the defunct FTX cryptocurrency exchange and its native token, FTT. The crypto user highlighted FTX’s...
FTX/Alameda Moves $28M in SOL From Staking, Analysts Eye Coinbase, Binance
An FTX/Alameda-linked staking address, H4y…gFZ, moved 178,631 SOL, worth approximately $28 million. Analysts expect these funds to be distributed across multiple addresses, with the majority likely ending up on major...
FTX Fraud: Caroline Ellison Sentenced to 2 Years in Prison
Caroline Ellison, the former CEO of Alameda Research, received a two-year prison sentence for her part in the collapse of the FTX cryptocurrency exchange. Ellison’s sentencing, which took place in...
FTX Payments to Begin: Bullish Signal for the Market?
FTX may start repaying creditors in October. There are unconfirmed reports that FTX, the bankrupt crypto exchange, will start paying its creditors in October. From widespread expectations, the repayment plan...
Justice Served? Caroline Ellison’s Role in the FTX Scandal and Her Sentence
Caroline Ellison, former CEO of Alameda Research, received a two-year prison sentence for her role in the FTX scandal. She appeared in a Manhattan federal court on Tuesday, following her...
Solana Price at Risk as Alameda Unloads $24M in SOL Tokens
Alameda Research, the bankrupt sister company of FTX, has transferred significant amounts of cryptocurrency to leading exchanges; Binance and Coinbase. Blockchain analytics platform PeckShield highlighted these transactions, which involved multiple...
Caroline Ellison Seeks Leniency in FTX Case, Citing Cooperation in Trial
Caroline Ellison, Sam Bankman-Fried’s former partner and ex-CEO of Alameda Research, is seeking leniency in the FTX collapse case. She argues that her cooperation during the trial, including three days...
OKX Transfers 6.275M USDT to FTX/Alameda: Creditor Repayments Begin?
Blockchain security firm PeckShield observed transfers from cryptocurrency exchange OKX to wallets linked to the bankrupt FTX exchange. Early Friday morning, an Alameda/FTX-labeled address received 6.275 million USDT from OKX....
FTX Reorganization Plan Wins 95% Creditor Approval
FTX has secured crucial backing from its creditors for its proposed reorganization plan, bringing it a step closer to final approval. The plan, outlining how assets will be distributed and...
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...
