The collapsed cryptocurrency exchange FTX Trading Ltd. will allow its bankruptcy payouts in stablecoins via once-rivals BitGo Inc. and Payward Inc.'s Kraken's services, Claims Portal reported on Monday.The report came after United States Bankruptcy Court Chief Judge John Dorsey approved FTX's...
FTX Trading Ltd. revealed on Thursday in a press release that it expects its reorganization plan to take effect early in January of 2025."The timeline laid out reflects the experience and continued work of the team of professionals supporting the Debtors, who already have recovered billions of dollars on...
Nishad Singh, former engineering director at FTX, received no jail time for crypto fraud on Wednesday after United States District Judge Lewis Kaplan said his cooperation with the authorities, who sought to bring FTX founder Sam Bankman-Fried down, was "remarkable."The judge shared he was...
A judge approved on Monday FTX Trading Ltd.'s bankruptcy plan to fully repay crypto customers in cash with interest. Further, the exchange is able to move forward with its recovery efforts and potential asset sales to repay creditors.The United States Bankruptcy Court for the District of Delaware...
Caroline Ellison (pictured center), the former Chief Executive Officer of Alameda Research, a trading firm involved in the collapse of FTX, was sentenced on Tuesday to two years in prison.Ellison was also the star witness in the trial of her former boyfriend, FTX's founder Sam Bankman-Fried, who was...
Former FTX CEO and founder Sam Bankman-Fried's lawyers filed an appeal Friday, claiming the FTX founder was judged too quickly and "never presumed innocent." They argued that the public and media wrongly assumed he was guilty of stealing billions from investors before he was even...
Former FTX CEO and founder Sam Bankman-Fried will be transferred to a new prison, The Wall Street Journal quoted his spokesperson as saying on Wednesday.Although the spokesperson said he couldn't confirm Bankman-Fried's new destination, sources told the WSJ that the ex-CEO was informed...
FTX Trading Ltd. reached agreements to sell its stake in artificial intelligence (AI) startup company Anthropic PBC at the value of $884 million, the document it filed with the United States Bankruptcy Court in Wilmington, Delaware, and made public on Monday showed.
The now-defunct and...
Prosecutors in the FTX fraud case have recommended a sentence of between 40 and 50 years in prison for Sam Bankman-Fried (SBF), the founder of the cryptocurrency exchange, court documents revealed Friday.
According to the sentencing memorandum, the stiff recommendation is justified on...
FTX founder and former CEO Sam Bankman-Fried's lawyers are seeking a 63-78 months prison sentence for their client instead of the 100 years required by a presentence investigation report.
In a new court filing, the lawyers argued that Bankman-Fried did not have any intention to commit...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
