News with the tag "FTX exchange"

The FTX Recovery Trust has announced it will begin disbursing more than $5 billion to creditors from May 30. This payment round marks the second distribution to eligible parties as the firm continues its efforts to reimburse those affected by its collapse. Repayment Efforts In a May 15 release , the...

FTX has initiated legal proceedings against NFT Stars Limited and Delysium, seeking to recover digital assets allegedly withheld from its estate. The lawsuits are the latest in its ongoing efforts to reclaim funds and maximize creditor recoveries following its collapse in November 2022. Token Allega...

Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, has been transferred to a new federal prison following his stint in one of the country’s most notorious facilities. The 33-year-old, who was sentenced in March 2024 to 25 years for orchestrating one of the largest financial fra...

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 the role of a prolific Democratic donor, the former FTX CEO is now parroting grievances against the Departm...

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 report. Stanford Law School professors Joseph Bankman and Barbara Fried have reportedly held discussions in recent w...

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

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 on January 8, the failed crypto firm clarified that the U.S. Bankruptcy Court has not approved the sale ...

The leading crypto platform, Backpack Exchange, said it has acquired FTX EU, the European arm of the defunct FTX Exchange. This acquisition, approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), reflects the exchange’s move to dominate Europe’s regulated cry...

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 currently awaiting review in the District Court, comes as part of Celsius’ ongoing litigation efforts to reco...

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, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced fo...