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Crypto News

SBF Says His ‘Biggest Mistake’ Was Handing FTX To New Management

Sam Bankman-Fried told Mother Jones that his single biggest mistake was handing over control of FTX on Nov. 11, 2022. He said the move...
Crypto News

FTX To Send $1.6B More To Creditors Starting Sept. 30, Report

FTX said its bankruptcy estate will begin a third round of payouts of $1.6 billion to creditors on Sept. 30 as part of its...
Crypto News

FTX Estate Redeems $45 Million Solana From Staking, Here’s All

The FTX and Alameda estate has continued systematically liquidating its assets through one more set of redemptions of Solana (SOL) tokens from staking.  On Thursday,...
Crypto News

FTX Creditors Take Legal Action Against Kroll Over Daily Scam Emails Following 2023 Data Leak

Kroll, a financial and risk advisement firm, has become embroiled in class-action litigation after a data breach revealed sensitive creditor information related to FTX,...
Crypto Hacks

Data Leak Exposes FTX Creditors To New Wave of Scams, Activist Issues Warning

FTX creditor activist Sunil Kavuri says a leak of creditor names and emails likely came from FTX or its claims agent Kroll after a...
Crypto News

Binance Co-Founder CZ Requests Court to Dismiss $1.76 Billion Clawback Lawsuit Filed by FTX Estate

Changpeng Zhao (CZ), co-founder and former CEO of Binance, has formally filed a motion in a United States bankruptcy court seeking dismissal of the...
Crypto News

Chinese FTX Creditor Files $15M Objection Against Restricted-Jurisdiction Payout Ban

Weiwei Ji, a Chinese creditor of FTX, filed an objection in the Delaware Bankruptcy Court this week over a motion that could block payouts...
Crypto News

FTX Bankruptcy Case Sees $470 Million in Judicially Restricted Claims With Chinese Holders Accounting for 80%

The FTX bankruptcy case continues to unfold with new updates from creditor representative Sunil, who shared significant developments regarding the distribution of claims.  According to...
Crypto News

FTX Recovery Trust Cautions That Legal Barriers May Prevent Disbursement of Funds to Users In China and Russia

The FTX Recovery Trust has issued a formal motion to the court seeking approval to adopt new procedures. They aim at facilitating the distribution...
Crypto News

FTX Rejects 3AC Liquidators’ $1.53B Bankruptcy Claim, Cites Risky Trading Strategy

Lawyers for collapsed crypto exchange FTX have challenged a $1.53 billion claim from the liquidators of hedge fund Three Arrows Capital. The liquidators say...
Exchange News

FTX Sets Early 2025 Timeline For Customer Distributions & FTT Token Surges 30%

Collapsed crypto exchange FTX and its affiliated debtors have announced significant progress in their Chapter 11 Plan of Reorganization. The company is finalizing the...
Exchange News

FTX and Alameda Top Executives Slapped with 34.5 Years in Prison for Crypto Fraud

In a significant development in the FTX saga, the key executives involved in the alleged fraud have been sentenced to substantial prison terms.  According to...
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