Tags: FTX Exchange

After stops in Brooklyn and Oklahoma, SBF has begun serving his sentence in a harsher long-term California federal facility.

FTX intends to disallow more customer claims by June 1 if they fail to finish their KYC processes.

FTX’s creditor payments begin in May 2025, as BitMEX’s leadership, including Arthur Hayes, receives clemency after legal battles.

SBF, once a Democratic donor, pivots to Trump-aligned rhetoric in hopes of escaping his 25-year prison sentence.

Bitcoin’s decline fits historical bull market corrections, despite sharp losses from tariff news.

Joseph Bankman and Barbara Fried are exploring options to secure their son’s release but have not confirmed direct outreach to the White House.

FTX denies Backpack’s claims of acquiring FTX EU, stating the court hasn’t approved the sale or authorized fund distribution to creditors.

The judge stated that Celsius’ claim filings lacked sufficient evidence.

Will political influence save Sam Bankman-Fried from a 25-year sentence?

BitGo and Kraken have been tapped as distribution agents, helping to disburse recovered funds to FTX’s retail and institutional claimants.

Despite new players, USDT retains its position as the most trusted stablecoin, with wallets growing exponentially year-over-year.

The U.S. government’s latest crypto transfers include $18 million in ETH and $13 million in BUSD amid a market rally.

The repayments come after a court-approved plan received huge support from creditors, some who stand to recover up to 140% of their claims.

The deal involves Trabucco giving up a yacht, two apartments, and $70 million in FTX claims and is awaiting court approval due in December.

Ivanov allegedly attempted to “extort” Alameda by demanding backing for Vires and Waves, or he would freeze Alameda’s assets on Vires.

FTX continues with its lawsuits against former partners.

Cooperation with prosecutors and aiding in Sam Bankman-Fried’s conviction could sway the former FTX executive’s fate.

Two years post-FTX, exchanges prioritize asset transparency but Coinbase remains the only major without a public Proof-of-Reserves report.

The Judge said that Singh cooperated extensively with authorities, uncovering hidden FTX misconduct which earned him supervised release instead of a lengthy sentence.

FTX filed for bankruptcy in late 2022, shortly after which it filed for multiple lawsuits as part of its strategy to recover assets.

The fallout from FTX’s collapse resulted in numerous lawsuits and settlements, as per CoinGecko.

FTX’s reorganization plan aims to repay creditors with $14.7 to $16.5 billion in recovered assets.

Crypto social media has been inundated with FUD (fear, uncertainty, and doubt) over what some are claiming are imminent FTX distributions, but there is no need to panic.

Combs and SBF live in the same cell with Mexico’s former secretary of public security and the former president of Honduras.