Tag: ftx
FTX to Distribute $16 Billion in Recovered Funds by 2025
FTX has announced plans to distribute $16 billion in recovered funds to creditors and customers, marking a significant milestone in its recovery effor [...]
Nishad Singh Requests Leniency as Sentencing Nears for FTX Involvement
Nishad Singh, the former engineering director of FTX, has formally requested leniency from a U.S. federal judge in Manhattan. Before getting a chance [...]
FTX Secures Court Approval for Bankruptcy Plan, Prioritizes Customer Repayment
FTX has gained court approval for its bankruptcy plan, enabling it to repay customers using up to $16.5 billion in recovered assets. During a hearing [...]
Binance Owner Changpeng Zhao Starts Time in Prison
Changpeng Zhao- the billionaire founder of Binance, was sent to a low-security federal facility where he will spend the next four months. The defense [...]
Prosecutors Seek 5-7 Years for Former FTX Exec Ryan Salame
U.S. prosecutors have suggested that former FTX executive Ryan Salame be prosecuted to a term of five to seven years in prison after he pleaded guilty [...]
Judge Approves $2 Billion Settlement for NY AG and Genesis
A New York bankruptcy judge has approved a landmark $2 billion settlement between the New York State Attorney General’s office and the crypto lender G [...]
FTX’s Defunct Token Sees Surging Volume After Positive Creditor News
FTX's dead token trading volume went up after receiving positive news from its creditors. This occurred in stark contrast to the end of 2022 when the [...]
Supporting Alameda, Co-Former CEO Speaks in Favour of Ryan Salame’s Fair Sanctions
Sam Trabucco, the ex-co-CEO of Alameda Research, wrote a three-page character reference for Ryan Salame, the ex-CEO of FTX Digital Markets, on his acc [...]
FTX Offloads Locked Solana Tokens at $85 to $110 Range
A strategic plan endorsed by the FTX estate envisages the sale of locked Solana tokens in the second round, raising bids from between $85 to $110 per [...]
Former FTX Founder Sam Bankman-Fried Bags 25 Years Prison Sentence
Sam Bankman-Fried, the once-celebrated crypto entrepreneur behind FTX, has been sentenced to 25 years in prison for orchestrating a multibillion-dolla [...]