Post-FTX Era: Bitcoin Whale Wallets Reclaim Correlation with Market Value
Bitcoin has declined over the past several days as bears remained vigilant near $70,000. As a result, the premier cryptocurrency has shed more than 4% over the past week and…
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FTX Creditors Rejected Bankruptcy Reorganization Plan
Creditors of the bankrupt cryptocurrency exchange FTX have filed an objection to the platform’s proposed reorganization plan, citing its failure to meet certain requirements of the Bankruptcy Code. According to…
Former FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
Former FTX co-CEO Ryan Salame was sentenced yesterday to 90 months in prison, according to Damian Lewis, the United States Attorney for the Southern District of New York. Salame previously…
Figure Markets, Pantera Snap Up Final Pieces of FTX’s Solana (SOL) Stash: Report
The bankrupt crypto exchange FTX has concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who raked up the…
FTX Paid $25M to Whistleblowers Before Collapse, Reveals Examiner’s Report
The now-defunct crypto exchange FTX has been exposed for making payments worth over $25 million to six whistleblowers who discovered issues with it. Meanwhile, FTX still owes around $11 billion…
Sam Bankman-Fried Is Moving to a New Prison Facility: Report
Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, is being relocated to a new prison, according to a report by The Wall Street Journal. A representative for Bankman-Fried…
US Prosecutors Push for 5-7 Year Prison Sentence for Ex-FTX Exec
Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team…
Former FTX Exec Ryan Salame Requests 18 Months Prison Sentence
The lawyers of Ryan Salame, a former executive of the bankrupt cryptocurrency exchange FTX, who pleaded guilty to his role in the firm’s collapse, have requested that a court sentence…
SBF’s Prison Currency: Rice Bags for Trade, Says First Interview
Disgraced FTX founder Sam Bankman-Fried revealed that he hasn’t experienced abuse and doesn’t “feel unsafe.” The only time he feels bothered is during the night when they ask about the…
FTX Has Amassed More Money Than Needed for Repayments
FTX filed an amended Plan of Reorganization and Disclosure Statement with the bankruptcy court on May 7 as part of its ongoing case. The firm has proposed a way to…
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