FTX

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~$16B USD is set to be repaid to FTX Creditors within 60 days starting January 3rd. Do you think that money will move back into Crypto? If you are owed me - A. what asset were you holding B. what are you going to do with it?

submitted by /u/GabeSter [link] [comments]

Bitget, Uniswap, FTX Soar to Lead Top Crypto Gainers and Best Wallet Token Could Pump Next

The Christmas holiday season has already been eventful for the crypto markets, as Bitcoin and Ethereum have both pulled back from their recent peaks. Despite those bearish moves from the key market leaders, some altcoins have shown considerable stren...

Former FTX Executives Receive Significant Cuts in Their Prison Time

Ryan Salame and Caroline Ellison, two former top FTX executives now in prison, have had significant reductions in their sentences, according to the Federal Bureau of Prisons.Reduction in Prison TimeSalame, the former co-CEO of FTX, was sentenced to s...

FTX’s Sam Bankman-Fried is Potentially in Consideration for a Presidential Pardon

submitted by /u/sadiq_238 [link] [comments]

FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025

After years of uncertainty, the defunct cryptocurrency exchange FTX, previously led by convicted founder Sam Bankman-Fried, has announced the effective date for its Chapter 11 reorganization plan aimed at distributing funds to affected customers. Ini...

Bitgo, Kraken Partner With FTX for Jan. 3 Payment Distribution

FTX Trading Ltd. (FTX) and its affiliated debtors have locked in Jan. 3, 2025, as the kickoff day for their court-endorsed Chapter 11 Reorganization Plan. FTX Creditor Distribution Is Coming Soon According to the press release, this date will also ac...

FTX to Distribute Funds to Investors Through Kraken and BitGo, Process to Start in January

Collapsed cryptocurrency exchange, FTX will start distributing funds to investors who incurred losses through partner crypto firms, including Kraken and BitGo.The company announced today (Monday) that its court-approved Plan of reorganization will be...

FTX Bankruptcy Update: Debtors Successfully Reclaim $15 Million In Political Donations

As the cryptocurrency exchange FTX, once run by convicted founder Sam Bankman-Fried, continues its bankruptcy proceedings, significant developments have emerged regarding the recovery of funds for affected users. A recent court filing reveals that d...

2 years ago: a “contrarian thread” that Solana would still make it after the Alameda/FTX collapse. Interesting looking back

submitted by /u/diarpiiiii [link] [comments]

The FTX estate plans to start distributions by March 2025

FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC verification and submit tax forms to receive payments. The FTX...

FTX set to begin creditor distributions in early 2025

submitted by /u/slobbyKnob1 [link] [comments]

No Prison For FTX’s Gary Wang: Key Figure In $8 Billion Fraud Avoids Jail Time

Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised release for his involvement in a sweeping $8 billion fraud scheme. This makes him the fifth and final ex...

‘Cowardly Path’ Leads to Redemption: Former FTX Exec Gary Wang Skates on Prison Sentence

Inner City Press reports that the former FTX executive Gary Wang, who admitted to creating the code enabling Sam Bankman-Fried to misappropriate $8 billion from the now-bankrupt cryptocurrency exchange, has avoided prison. Crypto Whistleblower or Acc...

Crypto Executive Avoids Prison, FTX Seeks $1.8 Billion in Binance Lawsuit

Gary Wang, the former cryptocurrency executive who created the software that enabled FTX founder Sam Bankman-Fried to misappropriate around $8 billion from customers, was sentenced to no prison time by US District Judge Lewis Kaplan. Meanwhile, the F...

FTX co-founder Gary Wang avoids prison time in crypto fraud case

Gary Wang is now the fifth former executive of collapsed crypto exchange FTX to be sentenced for their role in the company’s implosion. Wang received a sentence of time served and three years of supervised release and will forfeit $11 billion....

Former FTX CTO Gary Wang avoids prison time for role in crypto fraud

submitted by /u/InclineDumbbellPress [link] [comments]

Bitcoin at $93k, Musk's DOGE, FTX vs. Binance | Weekly Recap - crypto.news

Bitcoin at $93k, Musk's DOGE, FTX vs. Binance | Weekly Recap& & crypto.news

FTX Targets Binance and CZ With $1.8 Billion Clawback

Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ,...

The media were all over FTX losing $8 Billion. Not much mention of the crypto market up $2 Trillion+ since.

At the time of the FTX collapse reports were around $8.9b of customers funds had gone missing. The demise of FTX was covered literally everywhere, making headlines around the world. All the outlets that you never see any coverage on crypto on were ou...

DOJ to Seize $16M in FTX Bribes, Mostly in Solana

submitted by /u/DaRunningdead [link] [comments]

Coinbase’s cbBTC Launches on Solana DeFi, Targeting Bitcoin Gap Left by FTX

Nearly two years after FTX's collapse impacted Solana's decentralized finance (DeFi) sector, Coinbase is attempting to reintroduce bitcoin-based trading to the Solana blockchain with its new token, cbBTC. Launched recently, cbBTC is a bitcoin-backed...

Sam Bankman-Fried Movie in the Works Based on Michael Lewis’s FTX Book

Apple and A24 are in the early stages of developing a film adaptation of Michael Lewis’s book “Going Infinite: The Rise and Fall of a New Tycoon,” with Lena Dunham attached to write the script, Variety has reported. The film will co...

FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer

In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back the stake, amounting to $1.76bn in FTT, BNB, and BUSD The transfer was done by Alameda Researc...

FTX Files $1.8 Billion Lawsuit Against Binance And Former CEO Changpeng Zhao

The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor. The $1.8 billion legal action follows another 23 laws...

Sam Trabucco Cuts Deal With FTX Debtors, Giving Up Apartments and Yacht - Decrypt

submitted by /u/ChemicalAnybody6229 [link] [comments]

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