Tag: FTX
Exchange News
FTX Sends First Batch of Funds to Creditors Under $50K
FTX starts repaying creditors under $50K, notifying them via email. Some face KYC issues, and funds are distributed through selected service providers.FTX has started...
News
Sam Bankman-Fried Appeals Conviction, Claims Judicial Bias
Sam Bankman-Fried appeals conviction, claiming judicial bias and unfair trial. His defense argues FTX investments could have restored financial stability.Sam Bankman-Fried has filed an...
Exchange News
FTX Reaches $700M Settlement With K5 Global
FTX settlements with K5 Global, securing $700M in assets to help creditors repay.
The exchange's legal fights continue, including attempts to collect assets...
Exchange News
FTX Reaches Settlement with K5 Global to Resolve Legal Dispute
FTX reaches a settlement with K5 Global, advancing its recovery plan, stabilizing operations, and ensuring fair stakeholder compensation.FTX has reached a settlement with K5...
Crypto Scams
Ontario Teachers’ Pension Plan Faces Lawsuit Over FTX Losses
OTPP is facing allegations for a failed FTX investment.
Critics have accused the board of breaking fiduciary duties in due diligence.Ontario Teachers' Pension...
Exchange News
Backpack Exchange Acquires FTX EU to Expand in Europe
Backpack Exchange has obtained MiFID II authorization for FTX EU.
SEPA connectivity enables quick, low-cost transactions throughout Europe.Backpack Exchange, a fully regulated global...
Exchange News
FTX Starts Repaying Creditors After Two-Year Wait
FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal.The company will settle smaller claims under $50,000 within 60 days.FTX is...
Exchange News
FTX Announces January 2025 as Effective Date for Reorganization Plan
FTX announces its Chapter 11 plan's effective date as January 3, 2025, with BitGo and Kraken assisting in customer recovery.FTX, the cryptocurrency exchange once...
Bitcoin News
US Government Shuffles FTX Funds Amid Bitcoin Moves
US shifted $33.6M in seized crypto to anonymous wallets from FTX cases.
FTX repayment notifications continue to feed altcoin's upward momentum.Altcoins are having...
Exchange News
FTX Reaches $228M Settlement with Bybit Exchange
FTX agrees to a $228M settlement with Bybit to recover assets.
A hearing to formalize the agreement has been scheduled for November 20,...
Exchange News
FTX Creditors May Recover Only 10%-25% of Their Crypto Holdings
Recent bankruptcy documents from FTX creditor Sunil Kavuri reveal troubling news for FTX creditors. Due to how repayments are structured, many may only recover...
Exchange News
Former Crypto Exec Sam Bankman-Fried Heading to Prison
Sam Bankman-Fried – the now disgraced former executive of the fallen crypto exchange FTX – is heading to jail. The judge overseeing his case...
