Category: FTX
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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…