FTX Won’t Pay $2.5B in Customer Claims — Here’s Why
The bankruptcy estate of the defunct cryptocurrency exchange FTX has revealed that it will not be paying roughly $2.5 billion in claims to victims of its collapse as creditor repayments…
Auto Added by WPeMatico
Important Crypto News From This Weekend That You Might Have Missed
This weekend, FTX revealed its plan to begin paying major creditors in 2025, with $11.4 billion in assets. Meanwhile, former BitMEX CEO Arthur Hayes, along with his co-founders, received pardons…
SBF’s Crisis Manager Resigns After Surprise Jailhouse Interview
Sam Bankman-Fried (SBF), the disgraced founder of cryptocurrency exchange FTX, has conducted a second interview from prison, once again drawing controversy and causing repercussions for his crisis management team. The…
Sam Bankman-Fried’s Legal Hail Mary: Denial, Deflection, and a Plea for Pardon
Sam Bankman-Fried, the once crypto wunderkind turned convicted fraudster, appears to have found a new investment thesis – hitching his legal fate to the political winds. After years of playing…
Bitcoin’s 7% Holder Losses Raise Bull Market Concerns, But History Suggests Otherwise
The cryptocurrency market experienced a significant selloff following US President Donald Trump’s announcement of new tariffs on imports from Canada and Mexico, along with threats of increased duties on goods…
Will Trump Pardon Sam Bankman-Fried? Parents Make a Direct Appeal (Report)
The parents of the disgraced FTX co-founder Sam Bankman-Fried are looking into options to obtain a pardon for their son from former US President Donald Trump, according to a Bloomberg…
FTX Issues Clarification on Backpack’s Acquisition and Fund Repayment Claims
Bankrupt cryptocurrency exchange FTX has responded to recent claims by Backpack regarding the acquisition of its European arm, FTX EU, and the repayment of customer funds. In a statement released…
Celsius Appeals Court Ruling Dismissing its $444M Claim Against FTX
The bankrupt crypto lender Celsius Network has filed an appeal challenging a court ruling that dismissed its $444 million claim against the defunct crypto exchange FTX. The appeal, which is…
Elon Musk: ‘Shocked’ If Biden Doesn’t Pardon SBF Amid Rising Rumors
The growing speculation surrounding a potential presidential pardon for Sam Bankman-Fried (SBF) has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one,…
Here’s When FTX’s Court-Approved Chapter 11 Plan Will Take Effect
FTX and its affiliated debtors have announced that their Chapter 11 reorganization plan will officially take effect on January 3, 2025. This day has also been designated as the initial…