News with the tag "FTX Derivatives Exchange"

FTX Derivative Exchange’s plan to repay creditors is moving forward, with Kraken reportedly set to begin the second phase of payments on May 30. This follows the first round in February, which focused on smaller claims. As reported, the next phase will include a wider group of creditors, covering th...

Defunct digital currency exchange under the FTX debtors identity has announced it has settled with K5 Global, a venture capital firm and incubation studio. This settlement aligns with a lawsuit it filed against the venture outfit in June 2024, seeking $700 million in disputed investments. FTX Debtor...

FTX Derivatives Exchange, the defunct crypto trading platform, is making strides to address its financial turmoil. Recently, FTX unveiled new details about its $16 billion creditor repayment plan , offering some clarity to those affected by its collapse. The plan prioritizes smaller creditors, with ...

FTX co-founder Ryan Salame has now received a reduced sentence from the earlier 7.5 year hail term pronounced earlier. The former executive of the bankrupt exchange is in jail for the role he played in Sam Bankman-Fried’s multi-billion dollar fraud scheme. What Happened to Ryan Salame? Salame receiv...

There is a growing speculation that U.S President Joe Biden may grant an early pardon to Sam Bankman-Fried (SBF), the founder of the defunct FTX Derivatives Exchange. For his fraudulent activities as the former CEO of FTX, Sam is currently serving a 25-year jail term. Per growing reports on social m...

The long-awaited FTX bankruptcy plan now have a specific date for creditors to expect payment. As the defunct exchange revealed in a recent press release, the official reorganization plan will commence in January 2025. FTX said it is completing the final pre-requisites that will make this payout and...

Gary Wang, a former top executive at the now defunct FTX Derivatives Exchange will not face jail term in the trading platforms fraud case. In a rare form of leniency, Judge Lewis Kaplan of the US District Court ruled in Federal Court in Manhattan. Gary Wang Escape FTX Wrath Prior to this sentencing ...

Sam Trabucco, an insider in the FTX Derivatives Exchange has cut a deal that will see him avoid jail term but worth $70 million The post Sam Trabucco to Forfeit $70 Million in FTX Bankruptcy Settlement Claims appeared first on TheCoinrise.com .

FTX Derivatives Exchange has taken a big aim at Binance in a new lawsuit seeking $1.76 billion that also names CZ as defendant The post FTX Takes Aim at Binance in $1.76 Billion Fraud Lawsuit appeared first on TheCoinrise.com .

Bankrupt cryptocurrency trading platform FTX Derivatives Exchange has filed a lawsuit against Anthony Scaramucci. Known for his political and crypto engagements, FTX is out to recoup up to $67 million the trading firm invested into SkyBridge Capital ventures. FTX and the Eleventh Hour Lawsuit Accord...