Results for "ftx"
BlockFi nears final distribution after selling FTX claims
BlockFi announced the sale of FTX claims, enabling a near-term final distribution of 100% to all allowed customer and unsecured creditor claims. BlockFi‘s plan administrator announced the sale of FTX claims, paving the way for a full recovery for customers…
BTC
ETH
The dispute between FTX and the CFTC is finally resolved: What was it worth?
Failed exchange FTX has settled with the Commodity Futures Trading Commission. As part of the deal, the company agreed to pay a $12.7 billion fine to the CFTC, court documents said. The deal also calls for $4 billion in restitution…
Is Polkadot the next FTX? $87M spending spree, racism claims, and user backlash
How do Polkadot’s financial practices, spending $87M with a net loss of $108M annually, compare to FTX’s pre-collapse habits? Polkadot (DOT), one of the early competitors to Ethereum (ETH), has recently come under the spotlight after publishing its latest treasury…
DOT
Crypto wealth platform Yield App faces liquidation due to FTX-triggered losses
Backed by AGE Crypto and Alphabit, crypto wealth management platform Yield App has announced its shutdown following losses linked to the collapse of FTX. Yield App appears to be the latest crypto firm to fall victim to the fallout from…
FTX customers to vote on bankruptcy repayment plan
A U.S. judge approved FTX’s plan to poll creditors on its Chapter 11 repayment. FTX users will soon have the opportunity to vote on the proposed multibillion-dollar plan to pay back individuals whose funds were trapped on FTX since its…
FTX agrees settlement in $24b IRS tax case
FTX agreed to pay the Internal Revenue Service $885 million to settle a $24 billion tax claim the agency levied during bankruptcy proceedings.
FTX sells remaining Anthropic shares for $452m
FTX first tried to sell its Anthropic shares in June 2023, but the attempt was halted. Since then, the trendy AI sector drove up the value of Anthropic shares, resulting in over $800 million in profits.
FTX exec Ryan Salame got a harsher sentence than what the U.S. wanted. Why?
Ryan Salame’s sentence insight into the fates that lie ahead for SBF’s inner circle, which also includes his on-off girlfriend Caroline Ellison and head of engineering Nishad Singh. Prosecutors had sought five to seven years for former FTX executive Ryan…
Former FTX executive Ryan Salame sentenced to 7.5 years in prison
The first of Sam Bankman-Fried’s associates to plead guilty to criminal charges has been sentenced to 7.5 years in prison. This length exceeds the prosecutors’ request for Ryan Salame, a former FTX executive, to be imprisoned for five to seven…
FTX completes sale of $2.6b worth of Solana tokens
In a final move concluding weeks of auctions, the estate of the bankrupt crypto exchange FTX has completed the sale of $2.6 billion worth of deeply discounted Solana tokens.
SOL
U.S. prosecutors seek five to seven year sentence for FTX’s Ryan Salame
Former FTX executive Ryan Salame faces a potential five to seven years in prison as prosecutors emphasize the gravity of his criminal activities. Federal prosecutors have recommended that former FTX executive Ryan Salame serve five to seven years in prison…
BlockFi partners with Coinbase to distribute assets recovered from FTX
Crypto lender BlockFi once valued at $3 billion is closing its website and taps Coinbase for distributions of funds recovered from bankrupt FTX. BlockFi, which emerged from bankruptcy in 2023 following a series of cascading bankruptcies associated with the collapse…
FTX Token (FTT) defies bearish market sentiment with 35% rally
On the heels of news that FTX customers may reimbursed in full, FTX Token (FTT) registered an impressive run over the past day. FTT is up by 35.6% in the past 24 hours and is trading at $2.16 at the…
FTX has billions more than needed to repay bankruptcy victims
Bankrupt cryptocurrency exchange FTX has amassed billions in extra money to fully repay its 2 million customers, marking a new twist in bankruptcy proceedings. Cryptocurrency exchange FTX which went bankrupt in late 2022 has accumulated billions more than it needs…
Former FTX executive Ryan Salame forfeits $5.9m Bahamas mansion
Ryan Salame, the former co-CEO of FTX Digital Markets, has agreed to transfer his multimillion-dollar Bahamas home as part of a plea agreement in a criminal prosecution. According to a request filed by FTX Trading Ltd and connected debtors with…
FTX to auction Solana holdings; Milei Moneda gains momentum
FTX is set to auction its remaining Solana holdings after recent sales, while Milei Moneda (MEDA) offers a humorous, deflationary crypto model with a presale promising huge potential. #partnercontent
Regulating CEXs won’t stop bad actors: lessons from the FTX trial | Opinion
We need an advanced trading system that mitigates the traditional weaknesses of both CEXs and DEXs, positioning hybrid crypto exchanges as potential game-changers.
Pantera Capital wins another bid for discounted Solana tokens in FTX bankruptcy auction
California-based venture capital firm Pantera Capital has reportedly won another bid for discounted SOL tokens from a collapsed exchange. Pantera Capital, a Menlo Park-headquartered crypto venture capital firm, has won another pack of discounted Solana’s SOL tokens in an auction…
SOL
