FTX, Alameda Settle with BlockFi, Set to Pay $874 Million
Bankrupt firms BlockFi and FTX have announced an agreement “in principle” to settle their disputes. According to a March 6 court filing, FTX has committed to paying up to $874.5…
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Here’s the Deadline Date for FTX Creditor Claims
The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024. The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing its initial distribution either in…
A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency
In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for…
This Is the Prison Sentence Requested by Sam Bankman-Fried’s Legal Team
According to a Tuesday filing, Sam Bankman-Fried’s lawyers have argued to a U.S. judge that a sentence between 63 to 78 months is fit for the former FTX boss. The…
FTX Cleared to Sell Shares in Artificial Intelligence Startup Anthropic
A US judge has authorized FTX to offload its ownership in Anthropic, an AI startup potentially. The decision came after the failed exchange settled a dispute with a faction of…
Swiss Crypto Hedge Fund in Clash with Client over FTX Exposure: Report
Tyr Capital Partners, a crypto hedge fund based in Switzerland, is facing accusations of mismanagement from an investor, according to a Financial Times report. Swiss prosecutors have initiated a search…
FTX to Sell Off Digital Custody at a Very Steep Markdown
After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that plan is now scrapped, and the…
SIM Swappers Charged Over $400 Million FTX Hack Amid Bankcuptcy Filing
In a court case that happened recently – and whose transcripts were made available today – the identities of those behind the $400 million FTX exploit that took place shortly…
Larry David Expresses Regret Over FTX Ad Amid Founder’s Fraud Conviction
The popular actor and comedian Larry David has expressed remorse over participating in a high-profile 2022 Super Bowl commercial for the now-fallen cryptocurrency exchange FTX. Notably, Sam Bankman Fried, the…
FTX Bankruptcy Says Customers Will Get 100% Of Their Money Back
Defunct crypto exchange FTX expects to pay its customers and creditors back “in full” after the company’s collapse over a year ago left counterparties billions of dollars in the hole.…
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