Tag: FTX
Crypto News Today: SBF Team Insists FTX Never Went Bankrupt as Creditors Paid in Full
SBF team claims FTX held $136B in assets and was never bankrupt as creditors receive 119% to 143% repayment. A new update from Sam…
FTX Recovery Trust Sues Genesis Digital for $1.15 Billion
FTX Recovery Trust sues Genesis Digital Assets for $1.15B, alleging Sam Bankman-Fried misused customer funds before collapse. The FTX Recovery Trust has launched a…
Sam Bankman-Fried To Appeal 25-Year Sentence, Hearing Set For November 4
Sam Bankman-Fried’s appeal hearing is set for November 4, and his defence seeks a lighter sentence or retrial after FTX’s collapse. Sam Bankman-Fried, the…
Half Of Non-Investors Still Don’t Understand How Crypto Works, Study Finds
Key Insights: 90% of non-crypto holders in the U.S. say they don’t know enough about crypto to invest. Half of respondents say their lack of…
FTX Rejects 3AC’s $1.5B Claim Over Risky Trades
FTX rejects 3AC’s $1.5B claim as baseless. 3AC’s losses are tied to risky trading bets. FTX liquidated $82M to protect the account. The FTX bankruptcy…
FTX Begins Second Round of $5B Creditor Payments
FTX begins $5B creditor repayments under court-approved reorganization plan. Bitgo and Kraken facilitate the secure distribution of funds to claimants. Dotcom users receive 72%, and…
FTX Set to Distribute $5B in Stablecoins to Creditors
FTX will provide investors $5B in stablecoins by May 2025. Total claims are $11.745M, with recoveries at 123%-138%. The 2022 asset valuations used in payouts…
Binance Urges Court to Dismiss $1.76 Billion FTX Lawsuit
Binance urges U.S. court to dismiss FTX’s $1.76B lawsuit. Binance blames FTX’s collapse on internal fraud, not interference. FTX claims Binance deal and Zhao’s remarks…
FTX Moves to Recover Assets, Files Lawsuits Against NFT Stars and Delysium
FTX sues NFT Stars and Delysium over undelivered crypto tokens. Company warns of more lawsuits against unresponsive token issuers. Cryptocurrency platform FTX has filed lawsuits…
