Tags: arc

Creditors with claims under $50,000 have been paid fully, while larger claims await staged distributions to complete full recovery.

The DOJ claims that in November 2021, SBF authorized a $40 million payment in USDT from Alameda Research to bribe Chinese officials.

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.

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

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