ftx
FTX to Return $16 Billion to Users: Payouts to Start in March 2025
FTX to distribute $16 billion to creditors after Chapter 11 Plan approval in 2025. Customers must complete KYC and tax forms to receive FTX distributions…
FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion
Judge Lewis Kaplan ruled no prison time for FTX co-founder Gary Wang, citing his cooperation in the case. The judge sentenced him to time served,…
Binance Caught in FTX Crossfire: US Department of Justice to Seize $16 Million in Crypto
The DOJ is initiating a civil forfeiture procedure against Binance. Former FTX CEO deposited about $16 million on the Binance exchange. The deposited funds were…
FTX Sues Binance and CZ for $1.8 Billion; Alameda Research Targets Waves Founder
FTX Seeks $1.8 Billion clawback from Binance, alleging fraudulent 2021 share repurchase. Alameda sues Waves founder, claims $90 million misappropriated via Vires finance. FTX Accuses…
Gary Wang, FTX Co-Founder, Pleads for Non-Custodial Sentence
FTX co-founder Gary Wang requests a non-custodial sentence in the fraud case. The lawyer cited Wang’s cooperation in Sam Bankman-Fried’s fraud trial. Wang argued that…
FTX Secures $228M Settlement with Bybit in Bankruptcy Case
The bankrupt FTX settles the lawsuit against Bybit for $228 million. The settlement allows FTX to recover $175 million in funds from Bybit. The lawsuit…
Former FTX Director Nishad Singh Requests Leniency From Judge
FTX’s Nishad Singh requests leniency in his sentencing for cooperation in the FTX investigation. Caroline Ellison similarly sought leniency for helping authorities build a case…
US Regulators Crack Down on Crypto: $32 Billion in Settlements and Counting
U.S. regulators collected nearly $32 billion from crypto firms since FTX's collapse. FTX and Alameda face a record $12.7 billion settlement in a pivotal regulatory…
FTX Creditors to Inject $12B into Crypto: Bullish for Bitcoin?
FTX to pay customers $12 billion in the coming months, courtesy of a court-approved payout plan. A prominent market figure has explained that recipients are…
FTX Repayments Set for Post-Election December 7th—Crypto Awaits a Rally
FTX is set to pay a massive $16.5 billion to its creditors. Bankruptcy judge John Dorsey approved FTX’s bankruptcy plan on Monday. With US elections…
