Category: FTX
-
FTX Begins $16 Billion Repayment Today, Marking A Positive Turn For The Crypto Industry—Here’s Why
•
Rumors are circulating in the cryptocurrency community regarding the start of FTX’s long-awaited $16 billion payment plan to creditors, a move that has sparked excitement and skepticism. As the defunct stock exchange, once led by the now-convicted Sam Bankman Fried, prepares to launch this… Paymentsmajor players in the industry are…
-
Appeals Court Ruling Against $444M Claim on FTX Transfers
•
The ongoing legal battle between collapsed cryptocurrency lending platform Celsius and bankrupt cryptocurrency exchange FTX appears to have now entered another phase. Celsius recently foot Notice of Appeal against Judge John T. Dorsey’s ruling, which “dismissed its $444 million claim” against FTX. According to reports, the dispute stems from the…
-
FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025
•
After years of uncertainty, cryptocurrency exchange FTX, previously led by disgraced founder Sam Bankman Fried, has announced the effective date of its Chapter 11 reorganization plan aimed at distributing funds to… Affected customers. Set the initial distribution date On Monday, FTX Trading Ltd. and its debtors open The court-approved Chapter…
-
FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025
•
After years of uncertainty, cryptocurrency exchange FTX, previously led by disgraced founder Sam Bankman Fried, has announced the effective date of its Chapter 11 reorganization plan aimed at distributing funds to… Affected customers. Set the initial distribution date On Monday, FTX Trading Ltd. and its debtors open The court-approved Chapter…
-
FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025
•
After years of uncertainty, cryptocurrency exchange FTX, previously led by disgraced founder Sam Bankman Fried, has announced the effective date of its Chapter 11 reorganization plan aimed at distributing funds to… Affected customers. Set the initial distribution date On Monday, FTX Trading Ltd. and its debtors open The court-approved Chapter…
-
FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025
•
After years of uncertainty, cryptocurrency exchange FTX, previously led by disgraced founder Sam Bankman Fried, has announced the effective date of its Chapter 11 reorganization plan aimed at distributing funds to… Affected customers. Set the initial distribution date On Monday, FTX Trading Ltd. and its debtors open The court-approved Chapter…
-
FTX filed for bankruptcy 2 years ago — What’s happening now?
•
On November 11, 2022, FTX’s then-CEO Sam Bankman-Fried resigned, handing the reins of the company to John Ray, who immediately filed for Chapter 11 bankruptcy protection in the United States. This day marked the beginning of the end for what was once one of the most prominent and influential cryptocurrency…
-
FTX Sues To Recoup “Investments” From Scaramucci’s SkyBridge
•
The management of the bankrupt cryptocurrency exchange FTX has launched a lawsuit against American financier Anthony Scaramucci and his hedge fund company SkyBridge Capital to recover funds invested by the exchange’s former CEO Sam Bankman-Fried (SBF). This legal action forms part of a larger effort by FTX Bankruptcy to recover…
-
FTX sues Scaramucci to recoup money SBF put into showy investments
•
FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort to recover money for the bankrupt company’s creditors. The lawsuit against the former White House communications director is one of 23 filed in Delaware bankruptcy court on Friday. The plaintiffs…
-
FTX Secures Massive $228 Million Agreement To Withdraw Assets From Crypto Exchange Bybit
•
In an ongoing bid to reclaim assets to repay creditors hurt by its 2022 collapse, defunct cryptocurrency exchange FTX, which was run by disgraced convict Sam Bankman Fried for 25 years, has reached an agreement with UAE-based cryptocurrency platform Bybit, allowing it to withdraw. assets as part of a $228…
-
Bitcoin Bullish Q4 Narrative Fueled By FTX Repayment Developments: Report
•
According to A a report By cryptocurrency research firm K33 Research Bitcoin (BTC) price could benefit from the latest developments in the FTX bankruptcy saga. FTX payouts could be bullish for Bitcoin Analysts at K33 note that recent developments in FTX’s mortgage repayment process could help the leading digital asset…
-
Bitcoin Bullish Q4 Narrative Fueled By FTX Repayment Developments: Report
•
According to A a report By cryptocurrency research firm K33 Research Bitcoin (BTC) price could benefit from the latest developments in the FTX bankruptcy saga. FTX payouts could be bullish for Bitcoin Analysts at K33 note that recent developments in FTX’s mortgage repayment process could help the leading digital asset…
-
FTX cleared to repay billions to customers after bankruptcy plan approval By Reuters
•
Written by Dietrich Knuth NEW YORK (Reuters) – FTX received court approval for its bankruptcy plan on Monday, which will allow it to repay customers in full using up to $16.5 billion in assets recovered since the collapse of the once-leading cryptocurrency exchange. U.S. Bankruptcy Judge John Dorsey approved the…
-
FTX сreditors reveal compensation details: What’s wrong with it?
•
Users were confused by the news that FTX clients would receive between 10% and 25% of the value of their deposited cryptocurrency assets. Why did this happen? Sunil Kavori, one of the creditors, recently said that several other changes are also scheduled to be made in the reorganization plan. One…
-
FTX сreditors reveal compensation details: What’s wrong with it?
•
Users were confused by the news that FTX clients would receive between 10% and 25% of the value of their deposited cryptocurrency assets. Why did this happen? Sunil Kavori, one of the creditors, recently said that several other changes are also scheduled to be made in the reorganization plan. One…
-
A tearful Caroline Ellison is sentenced to two years in prison for her part in the FTX collapse: ‘I’m sorry I wasn’t brave’
•
On Tuesday, former FTX CEO Caroline Ellison stood on a podium on the 21st floor of a Manhattan courthouse, her voice cracking as she asked the judge to reduce her sentence. Her parents and two younger sisters watched as she addressed the court. “My mind can’t even comprehend the pain…
-
SEC Charges FTX Audit Firm With Negligence And Independence Violations
•
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve allegations of misconduct related to its audits of now-defunct cryptocurrency exchange FTX. $745,000 due to FTX audit failure On Tuesday, the Securities and Exchange Commission It…
-
SEC Charges FTX Audit Firm With Negligence And Independence Violations
•
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve allegations of misconduct related to its audits of now-defunct cryptocurrency exchange FTX. $745,000 due to FTX audit failure On Tuesday, the Securities and Exchange Commission It…
-
Sam Bankman-Fried demands new trial over FTX fraud verdict
•
Former FTX CEO Sam Bankman-Fried is appealing his 25-year prison sentence following a five-week trial late last year. According to the New York Times, Bankman-Fried resume A November 2023 court ruling found the FTX founder guilty of defrauding investors of more than $8 billion. His new attorney, Alexandra A.E. Shapiro,…
-
Sam Bankman-Fried demands new trial over FTX fraud verdict
•
Former FTX CEO Sam Bankman-Fried is appealing his 25-year prison sentence following a five-week trial late last year. According to the New York Times, Bankman-Fried resume A November 2023 court ruling found the FTX founder guilty of defrauding investors of more than $8 billion. His new attorney, Alexandra A.E. Shapiro,…