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FTX estate redeemed 192,000 SOL this week, worth $43 million. Since November, FTX and Alameda have unwound nearly $1.2 billion in Solana, steadily moving funds through exchanges. According to on-chain data flagged by EmberCN, the FTX and Alameda estate redeemed…
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One of crypto’s biggest courtroom dramas is set to resume, as Sam Bankman-Fried prepares to challenge his 25-year sentence with a potential new trial on the horizon. Sam Bankman-Fried, ex-CEO of the bankrupt FTX exchange, will be making another return…
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Three Arrows Capital is requesting to summon three FTX executives: Sam Bankman-Fried, Ryan Salame, and Caroline Ellison. If approved, Bankman-Fried’s deposition statement will take place on October 14, 2025. In a recent court document, Three Arrows Capital has compelled the…
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“Preventable errors” led to the loss of Gary Gensler’s text messages during the crucial period of the FTX collapse, a new report shows. The SEC lost all the messages from the former Chair, Gary Gensler’s official mobile device due to…
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Former FTX legal adviser Fenwick & West is pushing back against claims that it played a central role in the exchange's fraud.
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Disgruntled customers of the now-defunct crypto exchange FTX have proposed amending their lawsuit against Fenwick & West, the exchange’s former legal adviser, citing new evidence that the firm played a key role in the exchange’s collapse. FTX customers submitted the…
Recap
Market players from Coinbase to Animoca Brands unveiled new ventures, this week. Here’s a breakdown of the top stories shaping the crypto landscape.
News
FTX’s bankruptcy case continues to move forward as the exchange prepares for its next round of creditor repayments, set to begin at the end of September. The update offers progress for creditors still waiting nearly three years after FTX’s collapse…
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Backpack, the crypto exchange founded by former FTX insiders, has launched a new portal to help FTX creditors sell their debt claims directly to interested third-party buyers. The announcement was made on July 18 via a post on Backpack’s Chinese…
Feature
As the Crypto Week event, aimed at speedrunning three crypto bills, kicked off in DC, Democrats started their own event called Crypto Corruption Awareness Week. Rep. Maxine Waters, Rep. Stephen Lynch, and their comrades are pushing for clauses that will…
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The bankrupt exchange’s latest proposal to waive creditor settlements in certain regions has drawn legal resistance from a group of Chinese users. On July 8, 2025, FTX creditor Weiwei Ji filed an objection in the Delaware Bankruptcy Court, representing 300…
Recap
From billion-dollar Bitcoin movements to courtroom maneuvers and cross-border hacks, this week’s crypto headlines span the strange, the strategic, and the staggering.
Follow-up
FTX is seeking court approval for a new claims process that could affect creditors from 49 jurisdictions where crypto is banned or restricted.
News
FTX’s bankruptcy estate is pushing back against a $1.5 billion claim from Three Arrows Capital, arguing the failed hedge fund is trying to recover losses from its risky bets. In a 94-page objection filed June 20 in the U.S. Bankruptcy…
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The years-long legal drama involving basketball star Shaquille O’Neal and his ties to the now-bankrupt crypto exchange FTX is finally coming to an end. According to a recent CNBC report, Shaquille O’Neal has agreed to pay $1.8 million to settle…
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FTX has declared it is partnering with distribution service provider Payoneer to distribute funds to affected customers. Payoneer will reportedly act as an optional intermediary in reimbursing funds. According to the official press release, Payoneer will assist in distributing compensation…
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