Tag: FTX

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News

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 Bankman-Fried’s...
Market News

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 major...
Crime

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 former...
Industry and Adoption

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...
Market News

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...
Exchange News

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...
Stablecoins

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...
Exchange News

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...
Exchange News

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...
Exchange News

FTX Cancels Nearly 392,000 Customer Claims Over KYC Failure

FTX cancels 392,000 claims after KYC deadline passes, worth $2.5B It eliminates $2.5b claims due to KYC noncompliance The Exchange focuses on Unresolved...
Exchange News

SBF Insists Liquidity Issues, not Bankruptcy, Led to FTX Collapse

SBF (Sam Bankman-Fried) claims FTX faced liquidity issues, not bankruptcy, as he appeals his conviction. He criticizes regulators and hopes for a pardon. Sam Bankman-Fried,...
Exchange News

FTX Announces Next Repayment Round for Creditors on May 30

FTX schedules the next repayment for May 30, 2025. Creditors must complete KYC, and tax forms, and verify claims for smooth transactions. FTX Trading Ltd....
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