FTX News
FTX Settles Lawsuit for $33 Million Over Failed European Expansion
Bankrupt crypto exchange FTX has settled a lawsuit to recover funds spent on its ill-fated European expansion. The settlement, totaling $33 million, ended a legal battle that stemmed from FTX’s...
FTX Customer Refund Plan: Plans to Sell $1B Worth Anthropic Shares
The defunct crypto exchange FTX has reportedly received approval from the Delaware bankruptcy court to sell its 7.84% stake in the AI startup Anthropic. According to estimations, the sale is...
Judge Grills Sam Bankman-Fried About Shared Lawyer with Celsius CEO
According to a Bloomberg report, the disgraced FTX founder Sam Bankman-Fried (SBF) makes a rare appearance in a New York courtroom on Wednesday. The hearing comes amid concerns over potential...
Breaking: SBF’s Shocking Jail Photo Revealed – Crypto Empire in Turmoil
The first photo of Sam Bankman-Fried (SBF) behind bars at the Metropolitan Detention Center in Brooklyn has recently been made public as per Lookonchain, an on-chain analytics provider. This showcases...
FTX Digital Markets Invites Creditors To Submit Claims: Report
In a recent update, FTX Digital Markets, a Bahamian subsidiary of the bankrupt FTX, has invited customers and creditors to submit a claim in their estate. The current move is...
FTX, Alameda Involved in Million-Dollar Mystery Crypto Transfers
Blockchain security firm PeckShield issued alerts on Tuesday, February 13, regarding several transfers from wallets associated with the now-bankrupt cryptocurrency exchange FTX and its trading firm Alameda Research. The first...
FTX’s Decision to Drop Relaunch Plans Leads to DCI Sale at 95% Discount
In a recent filing, the FTX Debtors’ estate, under the leadership of CEO John Ray III, announced its decision to sell Digital Custody Inc. (DCI) to the centralized exchange (CEX),...
Crypto Fear Returns as FTX Moves to Dump More Tokens; Is Bitcoin Price at Risk?
Speculation has emerged that the crypto market could be at risk of another significant selling pressure amid the movement of millions of dollars by bankrupt FTX entities to liquid platforms...
FTX Estate Paying Creditors $18 Per SOL While Selling For Up to $100
According to Martin Folb, a cryptocurrency influencer who goes by as MartyParty on X (formerly Twitter), the managers of the FTX estate need to provide more clarity on their handling...
FTX Files For Permission To Sell Nearly 8% Stake Worth $1.4B in Anthropic
FTX, the bankrupt crypto exchange, has reportedly filed a motion with the court to sell its stake in Anthropic, an artificial intelligence (AI) company. Anthropic is currently valued at $18...
Coinbase Analysts Say Bitcoin Selling Pressure Over as FTX GBTC Sale Ends
In a recent assessment, analysts at Coinbase have noted a promising trend in the cryptocurrency market. In particular, they suggested that the downward pressures on Bitcoin and other digital assets...
FTX Clawback: A Founder Continues to Hold $500M Received from SBF
Last year, FTX unveiled a repayment plan to round up its Chapter 11 proceedings. Makhat’s $500M is one of the investments FTX is trying to recover to settle customers’ claims....
Breaking: FTX Plans To Repay Customer Funds Fully, Drops Relaunch Plans
The platform, instead, focuses on reimbursing its customer funds completely. FTX has abandoned its plan to reboot the exchange, failing to meet sufficient capital. FTT tokens fell by 35%, with...
Breaking: FTX Offloads Crypto Assets To Repay Customer Funds
A recent report states that FTX has initiated offloading its crypto assets in a bid to repay its customer funds. FTX has amassed $4.4 billion in cash by the end...
Judge Moves to Limit Length and Scope of New FTX Bankruptcy Probe
US Bankruptcy Judge John Dorsey, the judge overseeing the FTX Chapter 11 proceedings, has moved to restrict the scope and expense of a fresh independent investigation in the crypto exchange,...
FTX Founder’s Parents Deny Involvement in Company’s Downfall
Joseph Bankman and Barbara Fried, parents of former FTX CEO Sam Bankman-Fried, have filed to dismiss a lawsuit against them by FTX. Bankman-Fried parents, in the filing, denied allegations that...
“Grossly Unfair”: FTX Customers Ask Court to Block Valuation Plan
Customers of the troubled cryptocurrency exchange FTX have asked a US Bankruptcy Judge to stop the exchange’s proposed plan to value crypto assets using November 2022 prices, Reuters reported. Over...
SBF Avoids Double Trial; FTX Claws Back Millions in Settlements
Following a decision by the Department of Justice (DoJ) prosecutors, it is certain that troubled crypto founder Sam Bankman-Fried (SBF) will not go to a second trial concerning his central...
FTX Customer Repayment: Values BTC at $16K, ETH at $1.2K, SOL at $16
In a December 27 filing, bankrupt cryptocurrency exchange FTX unveiled a repayment plan that values customers’ digital assets as of when it collapsed last year. The plan would see customers...
Brad Garlinghouse Interview Sheds Light on $10M Debt FTX Owes Ripple
In a recent post on X, an XRP community member referenced a January interview where Ripple CEO Brad Garlinghouse disclosed a $10 million lease exposure to the bankrupt crypto exchange...
‘FTX’s Solana Holdings Are Now Worth $6B’: XRP Attorney
Solana, one of the major players in the crypto space, has been garnering attention over the past few days with its recent price surges. A report narrated the rise of...
FTX and Bahamas Liquidators Agree on New Bankruptcy Terms
Bankrupt cryptocurrency exchange FTX has resolved the lingering issue with liquidators on how to treat their Bahamas unit. The bankrupt company recently settled on how to repay customers from their...
Released FTX Liquidation Data “Does Not Make Sense”: Influencer
The liquidation data for FTX, the defunct cryptocurrency exchange, has been published, and Martin Folb, the renowned crypto influencer known as MartyParty thinks the published information is inaccurate. Folb shared...
FTX’s New Proposal Left “Many Important Questions Unanswered”
Recently unveiled plans by FTX debtors to settle customer claims and bring the bankruptcy case to a close have left some important questions unanswered, Bloomberg reported. The new proposal is...
FTX Debtors Want Customers Paid Value of Assets as of November 2022
Debtors of bankrupt cryptocurrency exchange FTX have proposed a new amendment to their bankruptcy plans which will see customers receive the value of their assets as at the time when...
