Latest News and Articles about FTX
Celsius 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, […]
Read MoreFTX to Pay Out $14 Billion to Creditors in January 2025: Key Steps and Industry Impact
FTX to Begin $16 Billion Creditor Payouts in January 2025: A Step-by-Step Guide for Claimants FTX, the cryptocurrency exchange that imploded in late 2022, is set to begin disbursing approximately $14 billion to its creditors in January 2025. This move aims to address the claims of those impacted by the company’s collapse, signaling a significant […]
Read MorePresidential Pardon Rumors for FTX’s Sam Bankman-Fried Ignite Fierce Debate
Rumors of Presidential Pardon for FTX’s Sam Bankman-Fried Spark Debate Whispers are gaining momentum that Sam Bankman-Fried (SBF), the infamous ex-CEO of the collapsed crypto behemoth FTX, might receive a presidential pardon from Joe Biden. SBF is currently locked away, serving a hefty 25-year sentence for fraud and conspiracy. The buzz around a potential pardon […]
Read MoreUS Government Affirms Conviction of FTX’s Sam Bankman-Fried, Dismissing Appeal Claims
US Government Upholds Sam Bankman-Fried’s Conviction The US government has decisively rejected Sam Bankman-Fried’s appeal to overturn his conviction related to the infamous collapse of the FTX cryptocurrency exchange. By dismissing claims of judicial bias and procedural missteps, authorities have reinforced the legitimacy of the original trial’s verdict. Bankman-Fried’s appeal was rejected by US authorities. […]
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