Latest News and Articles about FTX
FTX Sells $200K Cursor Stake for $200K, Now Worth $500M: A Missed Fortune
FTX’s Missed Opportunity: The $200K Cursor Stake Now Valued at $500 Million In a stark reminder of the volatile nature of crypto investments, FTX’s liquidators sold a $200,000 stake in Cursor—an AI code editor—for the exact amount it was originally purchased. Today, that stake is valued at an estimated $500 million, highlighting a significant missed […]
Read MoreFTX Sues for Crypto Recovery, Plans $16B Distribution to Creditors
FTX Launches Legal Battles to Recover Cryptocurrencies, Plans $16 Billion Distribution FTX, the bankrupt crypto exchange, has initiated legal proceedings against NFT Stars Limited and KUROSEMI INC. (Delysium), alleging that these entities withheld tokens owed to the exchange. This move is part of FTX’s broader strategy to recover assets and repay creditors, with a significant […]
Read MoreSBF Transferred to Calmer Terminal Island After 25-Year Fraud Sentence
FTX Founder SBF Moves to Calmer Terminal Island Facility After Notorious Victorville Stint Sam Bankman-Fried (SBF), the founder of the failed cryptocurrency exchange FTX, has been transferred from the violent Victorville prison to the more serene Federal Correctional Institution (FCI) Terminal Island in Los Angeles. Sentenced to 25 years for financial fraud, SBF’s new environment […]
Read MoreShaquille O’Neal Settles FTX Lawsuit: Celebrity Crypto Endorsement Risks Exposed
Shaquille O’Neal Settles with FTX Customers: A Cautionary Tale for Crypto Endorsements NBA legend Shaquille O’Neal has reached a settlement in a class-action lawsuit filed by customers of the now-defunct cryptocurrency exchange FTX, bringing an end to a legal tussle that had seen lawyers attempting to serve him in creative ways. Shaquille O’Neal settles with […]
Read MoreU.S. Senators Push PROOF Act to Boost Crypto Transparency Post-FTX
U.S. Senators Reintroduce PROOF Act to Enhance Crypto Transparency U.S. Senators Thom Tillis and John Hickenlooper have reintroduced the PROOF Act, aiming to bolster transparency and safeguard customer funds in the cryptocurrency sector following the devastating collapse of FTX. Reintroduction of PROOF Act to enhance transparency. Mandates monthly third-party audits for digital asset custodians. Response […]
Read MoreFTX to Repay Creditors $11.4B in Cash by May 30, Sparking Controversy
FTX to Begin Repaying Creditors with $11.4 Billion in Cash by May 30 FTX, once a titan in the crypto world, is gearing up to turn the page on its dramatic collapse by initiating creditor repayments. With $11.4 billion recovered, the company plans to distribute funds to major creditors by May 30. However, the decision […]
Read MoreSam Bankman-Fried’s 3 a.m. Transfer to Oklahoma: Legal Battles and Pardon Speculation
Sam Bankman-Fried’s Mysterious 3 a.m. Prison Transfer: What’s Next? Sam Bankman-Fried, the disgraced former CEO of FTX, was abruptly transferred from a jail in Brooklyn to a transfer facility in Oklahoma at 3 a.m., igniting a flurry of speculation and debate. This unexpected move, following his appeal filing, raises questions about its impact on his […]
Read MoreSen. Warren Grills SEC Nominee Atkins on FTX Ties and Crypto Regulation Impact
Sen. Warren Challenges SEC Nominee Paul Atkins Over FTX Ties and Regulatory Concerns Sen. Elizabeth Warren has confronted SEC Chair nominee Paul Atkins about his ties to the now-defunct FTX and his broader affiliations within the crypto industry. In a letter sent before Atkins’ confirmation hearing on March 27, 2025, Warren expressed deep concerns about […]
Read MoreBinance CEO CZ Unveils Insights on Terra and FTX Collapses in ‘Crypto Titans’
Binance CEO CZ Analyzes Terra and FTX Collapses in New Book ‘Crypto Titans’ In his new book, “Crypto Titans: The Rise and Fall of Digital Empires,” Binance CEO Changpeng Zhao (CZ) provides a detailed analysis of the events leading to the collapse of the blockchain platform Terra and the subsequent downfall of the cryptocurrency exchange […]
Read MoreThree Arrows Capital Boosts Claim Against FTX to $1.53 Billion in Legal Battle
US Court Allows Three Arrows Capital to Expand Claim Against FTX to $1.53 Billion In a significant legal decision, the U.S. Bankruptcy Court for the District of Delaware granted Three Arrows Capital (3AC) permission to increase its claim against the now-defunct FTX cryptocurrency exchange from $120 million to $1.53 billion. This ruling, issued on March […]
Read MoreSamson Mow Predicts $1M Bitcoin by 2025: Omega Candles Fuel Optimism
Samson Mow’s $1 Million Bitcoin Prediction for 2025: The Omega Candle Theory Samson Mow, the CEO of Jan3 and a fervent Bitcoin maximalist, has stirred the cryptocurrency community with his audacious forecast: Bitcoin could skyrocket to $1 million by 2025. This bold prediction is based on the concept of “omega candles,” which he describes as […]
Read MoreFTX Recovery Faces Hurdles: $800M Paid, Jurisdictional Issues Impact Creditors
FTX’s Recovery Journey: Navigating Jurisdictional Hurdles and Hopeful Repayments Following the monumental collapse of FTX, the path to recovery for its creditors is filled with both promise and challenges. As the exchange begins distributing recovered assets, creditor activist Sunil Kavuri highlights significant jurisdictional restrictions hampering the process, particularly affecting creditors from countries like Russia, China, […]
Read MoreFTX Begins $16B Creditor Repayment, Excludes Russia, China, and More
FTX Initiates $16 Billion Creditor Repayment, Excludes Key Regions – FTX begins $16 billion creditor repayment. – Russia, China, Ukraine, Nigeria, Egypt excluded. – “Convenience Classes” prioritized for early payouts. In a major move toward recovery, the bankrupt cryptocurrency exchange FTX has started the process of repaying its creditors, with an anticipated distribution of over […]
Read MoreSBF Accuses Biden’s DOJ of Rigging Trial, Claims FTX Solvency, Eyes Trump Pardon
Jailed SBF Turns on Biden, Aligns with Trump in Apparent Pardon Play Sam Bankman-Fried (SBF), the former CEO of FTX, has made startling claims in his first prison interview from a Manhattan detention center. He accuses Biden’s Department of Justice (DOJ) of orchestrating a politically motivated attack against him, asserting that his trial and 25-year […]
Read MoreFTX Begins Creditor Payouts: Recovery Underway with Challenges Ahead
FTX Initiates Payouts to Creditors: The Path to Recovery FTX has embarked on a crucial stage of its recovery process by beginning to distribute funds to creditors with claims under $50,000, aided by Kraken and BitGo. This development offers a glimmer of hope to those impacted by the exchange’s collapse, yet it’s shadowed by ongoing […]
Read MoreFTX’s Final 11.2M SOL Release: Analyzing Impacts on Solana Price and Market Stability
FTX’s Final 11.2M SOL Release: Impacts on Solana Price and Crypto Market Volatility On March 1, the crypto community awaits the final unlock of 11.2 million Solana (SOL) tokens from FTX’s liquidation vault. Valued at around $2.06 billion, this release could have significant effects on Solana’s price and the broader market. Here are the key […]
Read MoreFTX Creditors to Receive First Payments in February 2025 Amid Market Shifts
FTX Creditors Set to Receive Initial Payments in February 2025 FTX creditors can finally mark their calendars, as the first round of payments will commence on February 18, 2025. This significant step forward in the recovery process follows the company’s Chapter 11 Plan of Reorganization, aimed at compensating those affected by the exchange’s collapse in […]
Read MoreFTX to Repay Creditors Starting February 2025: Impact on Bitcoin and Crypto Market
FTX to Begin Creditor Repayments in 2025: A Step Forward in Crypto Recovery and Bitcoin’s Future FTX creditors have a date to mark on their calendars: February 18, 2025. This marks a significant milestone in the ongoing saga of FTX’s collapse and the broader journey of crypto recovery. Repayments start February 18, 2025, at 10:00 […]
Read MoreFTX Creditors to Receive $1.2B: Navigating Recovery Amid Crypto Industry Challenges
FTX Creditors Set to Receive $1.2 Billion: A Path to Recovery Amid Crypto Turmoil In a significant step towards recovery, FTX, the once-thriving cryptocurrency exchange now in bankruptcy, has announced a comprehensive $1.2 billion compensation plan for its creditors. This plan, set to take effect in early January 2025, aims to offer a financial lifeline […]
Read MoreKraken’s $50k Fee-Free Trading Offer Aids FTX Victims in Recovery
Kraken Offers Lifeline to FTX Victims with $50k Fee-Free Trading Incentive Kraken is extending a helping hand to former FTX clients with up to $50,000 in fee-free trading incentives as part of its initiative to distribute recovery funds following the collapse of FTX. Kraken offers $50,000 in fee-free trading and $105 in credits to former […]
Read MoreFTX Begins $16 Billion Payout: Key Details and Market Impact Revealed
FTX Payout Plan Officially Takes Effect Today, A Key Milestone for Creditors Today marks a pivotal moment for those affected by the FTX crypto exchange’s collapse, as the long-awaited repayment plan officially begins. This plan promises to redistribute approximately $16 billion back to creditors, offering a glimmer of hope while highlighting the challenges in managing […]
Read MoreCelsius Appeals $444M Claim Dismissal Against FTX: A Crypto Legal Battle
Celsius Appeals Dismissal of $444 Million Claim Against FTX in Legal Showdown Celsius Network is not throwing in the towel on its legal battle with FTX, appealing a court’s decision to dismiss its $444 million claim in the ongoing bankruptcy proceedings. Initially, Celsius aimed for a $2 billion claim, accusing FTX of contributing to its […]
Read MoreCelsius Appeals $4.44B Ruling Against FTX: A Crypto Legal Battle
Celsius Appeals Court Ruling in $4.44 Billion Fight Against FTX Amid Bankruptcy Proceedings Celsius, a cryptocurrency lending platform, has appealed a court ruling that allowed FTX to recover $4.44 billion in assets, igniting a legal battle over customer accounts transferred before both firms declared bankruptcy. This dispute underscores the intricacies of digital asset ownership and […]
Read MoreFTX Creditor Clarifies: $7.5B Payout, Not $16B, Expected by March 2025
FTX Creditor Debunks $16B Payout Rumor, Clarifies $7.5B Distribution FTX creditor Sunil has debunked rumors of a $16 billion payout starting January 3, clarifying that the first distribution will range from $6.5 billion to $7.5 billion. Rumor debunked: $16B payout not happening; expect $6.5B to $7.5B. First distribution: Within 60 days of Chapter 11 plan, […]
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