FTX bankruptcy Financial News

23.04 / 08:01

FTX bankruptcy FTX creditors FTX Estate Set To Auction Locked Solana Tokens, Figure CEO Mike Cagney Says

Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens.

12.06 / 22:48

SBF FTX bankruptcy FTX debtors FTX Examiner Files Motion To Investigate Sullivan & Cromwell Over SBF Ties

Robert Cleary, the independent examiner appointed to handle investigations related to FTX’s bankruptcy estate, filed a motion on Monday to further probe Sullivan & Cromwell’s (S&C) working relationship with Sam Bankman-Fried (SBF) as well as “holes in the balance sheet” of FTX.US.

07.06 / 18:59

FTX bankruptcy FTX creditors NOT FTX Creditors File Objection To Bankruptcy Reorganization, Not In Debtors’ “Best Interests”

FTX creditors have filed a June 5 objection to the crypto exchange’s repayment plan on the grounds that the FTX bankruptcy estate’s proposal does not work in favor of their “best interests.”

02.06 / 16:35

FTX FTX bankruptcy FTX Estate Sells Off Remaining Anthropic Holdings Amid Bankruptcy Proceedings

The FTX estate, led by CEO John Ray III, has divested its remaining shares in Anthropic, the AI startup known for its chatbot Claude, as revealed in the firm’s recent bankruptcy filings.

23.05 / 10:31

Charity FTX FTX bankruptcy FTX-Funded Charity Effective Ventures Acted ‘Diligently’ Protecting Funds: UK Govt. Probe Conclude

The UK government’s Charity Commission probe has concluded that Effective Ventures Foundation, an FTX-funded charity, acted “diligently and quickly” to protect charity funds in the wake of FTX’s massive collapse.

08.05 / 06:41

FTX FTX bankruptcy FTX creditors FTX Creditors Set for Cash Windfall Beyond 100% of Claims

A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. They may even receive additional cash on top of that amount.

07.05 / 02:11

FTX FTX bankruptcy FTX Transfers $8.3M a Day Before Amended Proposal Deadline for Restructuring Plan

A May 6 transfer of $8.3 million associated with the now-bankrupt FTX exchange and its sister trading firm, Alameda Research, has raised questions about the future of creditors awaiting compensation.

02.04 / 19:53

CEO Action Food SBF FTX bankruptcy reports Interviews Sam Bankman-Fried Issues First Statement Since Sentencing: “I Never Thought What I Was Doing Was Illegal,” ABC News Reports

Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week that saw the FTX founder nab 25 years in prison, telling ABC News in an April 1 interview that he “never thought” his actions were criminal.

01.04 / 16:35

FTX FTX bankruptcy FTX creditors FTX Liquidators Target Repayment to Creditors by End of 2024

The FTX bankruptcy estate has outlined its target to initiate repayments to customers by the end of 2024, as disclosed during a meeting of FTX Digital’s Joint Official Liquidators in the Bahamas.

29.03 / 18:13

FTX FTX bankruptcy Former FTX Executives and Promoters To Pay $1.35 Million in Lawsuit Settlement Deal

Following Sam Bankman-Fried’s sentencing, former FTX executives and promoters agreed to a $1.3 million class action lawsuit settlement, according to court documents filed yesterday.

23.03 / 00:59

FTX SBF FTX bankruptcy How Many Years Will Sam Bankman-Fried Get In Prison, Really?

Set to be sentenced next week, disgraced FTX founder Sam Bankman-Fried is facing charges that carry a total maximum penalty of over 100 years in prison – but what sentence will he actually get?

22.03 / 20:39

FTX FTX bankruptcy Unabomber Prosecutor to Conduct FTX Probe Into Law Firm Sullivan and Cromwell’s “Conflicts of Interest”

Unabomber prosecutor Robert J. Cleary has been given the green light by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX, according to a Wednesday court filing.

21.03 / 12:13

FTX FTX bankruptcy NOT FTX Users Seek Return of Crypto Assets, Not Dollars

In a collection of letters, FTX users around the globe have asked for their crypto assets instead of being reimbursed with US dollars.

21.03 / 12:13

FTX FTX bankruptcy FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights Ongoing Suffering of Victims

John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried’s lawyers to reduce his sentence, emphasizing that the victims of the fraud “have suffered and continue to suffer.”

19.03 / 11:35

FTX FTX bankruptcy FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences

The Department of Justice (DOJ) has filed dozens of victim impact statements in the criminal case against Sam Bankman-Fried ahead of his sentencing.

18.03 / 16:03

FTX FTX bankruptcy strategies New Court Documents Reveal Sam Bankman-Fried’s Strategies to Repair Public Image

Newly revealed court documents shed light on Sam Bankman-Fried’s strategies aimed at repairing his public image following the collapse of FTX in 2022.

04.03 / 21:21

FTX FTX bankruptcy FTX creditors FTX Opens Claim Window, Prices Crypto Assets Significantly Below Market Values

Fallen crypto exchange FTX has opened its claim window for creditors to retrieve their crypto assets.

21.02 / 21:57

Lawsuit FTX bankruptcy FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud

A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, according to a February 16 Miami court filing.

20.02 / 10:37

Binance BNB FTX bankruptcy Investor Trust in Exchange Tokens Sees Resurgence, Overcoming FTX Scandal Shadows

Crypto exchange tokens have shown resilience, rebounding from the lows caused by the FTX scandal and reaching new highs amid the ongoing bullish market.

18.02 / 19:21

FTX FTX bankruptcy FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims

FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C).

16.02 / 09:23

Binance FTX FTX bankruptcy Law Firm Handling FTX’s Bankruptcy Case Expected to Become Binance’s Independent Monitor

New York-based law firm Sullivan & Cromwell, which is currently handling FTX’s bankruptcy case, is expected to be appointed as the independent monitor for Binance Holdings.

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