Category: FTX
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FTX Offloads Remaining Anthropic Shares In $450 Million Sale
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Bankrupt FTX has been involved in several asset divestments over the past year, as it seeks to fully compensate former clients of the now-defunct exchange. In the latest development in the ongoing proceedings, the company has sold the final portion of its shares in artificial intelligence startup Anthropic. FTX earns…
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FTX Liquidators Ready To Sell Bankman-Fried’s $30M Penthouse And Bahamas Real Estate
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In the wake of the collapse of FTX, the popular cryptocurrency exchange led by Sam Bankman Fried, the luxury real estate properties acquired by the company will be put up for sale. According to Bloomberg a reportThe liquidators overseeing FTX’s assets are preparing to sell properties acquired during the glory…
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FTX Paid $25M to Whistleblowers Before Collapse, Reveals Examiner’s Report
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The now-defunct cryptocurrency exchange FTX has been exposed for making payments worth more than $25 million to six whistleblowers who discovered problems with it. Meanwhile, FTX still owes about $11 billion to investors who lost money after the stock market crash. Examiner’s report reveals whistleblower payments According to a report…
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FTX Paid $25M to Whistleblowers Before Collapse, Reveals Examiner’s Report
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The now-defunct cryptocurrency exchange FTX has been exposed for making payments worth more than $25 million to six whistleblowers who discovered problems with it. Meanwhile, FTX still owes about $11 billion to investors who lost money after the stock market crash. Examiner’s report reveals whistleblower payments According to a report…
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Absent Since FTX 2022 Downfall, Sam Trabucco Breaks Silence With Letter Of Endorsement
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In a recent development, Sam Trabucco, a key figure in Sam Bankman Fried’s inner circle, has resurfaced after being absent from the public eye following the collapse of cryptocurrency exchange FTX in late 2022. According to Per Bloomberg, Trabucco has come forward to support Ryan Salame, another former FTX executive…
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Absent Since FTX 2022 Downfall, Sam Trabucco Breaks Silence With Letter Of Endorsement
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In a recent development, Sam Trabucco, a key figure in Sam Bankman Fried’s inner circle, has resurfaced after being absent from the public eye following the collapse of cryptocurrency exchange FTX in late 2022. According to Per Bloomberg, Trabucco has come forward to support Ryan Salame, another former FTX executive…
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FTX Customers Express Frustration Despite 118% Payouts In Bankruptcy Case—Here’s Why
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Clients of defunct cryptocurrency exchange FTX find themselves at the center of a complex bankruptcy case with potentially promising outcomes. Although the process has never been smooth, the recent rise in the cryptocurrency market has boosted the value of FTX assets, resulting in clients being able to receive payouts that…
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Former FTX Exec Ryan Salame Requests 18 Months Prison Sentence
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Lawyers for Rayan Salama, the former CEO of bankrupt cryptocurrency exchange FTX, who pleaded guilty for his role in the company’s collapse, have asked the court to sentence their client to 18 months in prison at his next hearing scheduled for May 28. according to Judgment memorandum According to what…
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Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors
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bankrupt cryptocurrency exchange, FTX he have unveil A new payment plan aimed at Payment of creditors And clients are offering billions in compensation for the time value of their investments. FTX fully compensates clients In a press release on May 7, FTX a statement It will pay 98% of its…
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Former FTX Exec Agrees to Transfer $5.9 Million Bahamas Property in Plea Deal
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Ryan Salama, former co-CEO of FTX Digital Markets, has agreed to transfer his multi-million-dollar holdings in the Bamas as part of a plea agreement in his case. The move comes after Salama pleaded guilty to criminal charges in September 2023, and the plea agreement required him to pay $5.6 million…