Tag: FTX
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 Claims for…
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,…
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.…
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…
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…
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 from former…
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…
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 Plan…
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 cryptocurrency…
