Tag: FTX
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 now…
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…
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 their…
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, 2024. The…
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 between…
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 has…
One Charge Against Former Crypto Head Sam Bankman-Fried Has Been Dropped
There’s a rumor swirling around that the Department of Justice (DOJ) has dropped all charges against Sam Bankman-Fried, the former (disgraced) head of the now…
Eddy Alexandre Gets Nine Years for Crypto Fraud
Eddy Alexandre has been sentenced to nine years in prison for allegedly running a near $250 million scheme to defraud crypto investors. Alexandre operated a…
Identities of Former FTX Customers Can Stay Private, Judge Says
The identities of customers affected by last November’s FTX collapse can stay hidden per a bankruptcy judge in Delaware. Judge John Dorsey – the man…
