
FTX Just Unstaked 190K SOL, Right as Solana Breaks Out
A $35 million SOL unstaking move from a FTX and Alameda coincides with Solana’s breakout from a multi-year bullish pattern.
A $35 million SOL unstaking move from a FTX and Alameda coincides with Solana’s breakout from a multi-year bullish pattern.
Sam Bankman-Fried may serve only 21 years of the 25-year jail sentence given by New York District Judge Lewis Kaplan due to good conduct.
Backpack has launched a two-step withdrawal process for former FTX EU users, opening access to frozen Euro funds.
The new owner of FTX EU Backpack has commenced verification for users who still have claims with the exchange to recoup their funds.
Solana (SOL) has experienced a significant 16% drop driven by a broader market selloff and FTX’s unstaking of $431.3 million worth of SOL tokens.
FTX Token (FTT) briefly surged following a tweet from imprisoned founder Sam Bankman-Fried, while his parents seek a presidential pardon for him.
Despite the negative outlook, the price of Solana is likely to reclaim new highs once FTX sell pressure clears.
From Bitcoin’s price recovery near $100K to groundbreaking developments in ETF transparency and significant market events, the crypto landscape continues to evolve with notable shifts in industry dynamics.
The Bahamian arm of FTX starts reimbursing smaller creditors today, though the repayment model based on 2022 prices has left some feeling shortchanged amid Bitcoin’s 390% surge.
FTX prepares to initiate its massive creditor repayment program, offering up to 120.5% returns for small claims while Bitcoin holders face value cap challenges.
Bitget aims to attract disillusioned FTX creditors with up to $2,500 in rewards, offering a mix of futures trading bonuses and BGB tokens to help rebuild trust in crypto trading.
FTX will begin repaying creditors with claims under $50K starting February 18, 2025 – based on deposit values from November 2022 when Bitcoin was around $17K.
LayerZero has settled with the defunct crypto exchange FTX, confirmed the chief executive Bryan Pellegrino.
Joseph Bankman and Barbara Fried are actively exploring legal pathways to reduce their son’s sentence, amid growing speculation about potential clemency from Donald Trump.
FTX has announced that it will begin distributing over $1.2 billion in repayments to victims of its bankruptcy.