October 28th, 2025
FTX (FTT) News - Page 2
Bankman-Fried’s Parents Seek Trump Pardon for Son’s 25-Year Sentence
By Bena Ilyas
January 30th, 2025
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 to Start Repaying $1.2 Billion to Creditors, Will It Trigger Crypto Market Volatility?
By Bhushan Akolkar
January 13th, 2025
FTX has announced that it will begin distributing over $1.2 billion in repayments to victims of its bankruptcy.
Kraken Woos FTX Creditors with New Reward Scheme
By Godfrey Benjamin
January 9th, 2025
Kraken plans to take on FTX creditors expecting repayments through a trading fee removal.
FTX EU Sale Sparks Dispute between Bankruptcy Estate and Backpack Exchange
By Mayowa Adebajo
January 9th, 2025
Backpack also clarified that FTX EU would be rebranded as Backpack EU and would solely handle the redistribution of customer funds.
Backpack Exchange Acquires FTX EU to Launch Regulated Crypto Trading in Europe
By Temitope Olatunji
January 7th, 2025
Backpack Exchange acquired FTX EU to reintroduce licensed cryptocurrency derivatives trading across Europe, focusing on compliance and customer trust.
Elon Musk Weighs in on SBF Pardon Rumors amid Low Probability on Polymarket
By Chimamanda U. Martha
December 23rd, 2024
SBF’s status as a major donor to the Democratic Party has fueled discussions about potential clemency.
FTX Distribution Plan Sets January 3 Start, 60-Day Payout Window
By Temitope Olatunji
December 16th, 2024
FTX is preparing creditor payments through BitGo and Kraken while warning customers about potential scams.
FTT Jumps 36% amid Pudgy Penguins Rewards for FTT Holders
By Vishal Dixit
December 6th, 2024
FTT token makes a surprising jump, driving a new breakout rally. As holders anticipate a parabolic rise for FTT to rise back from its ashes, the token with no use finds a new relief fund from Pudgy Penguins. However, the risks of liquidation amid FTX’s bankruptcy loom large.
CFTC Announces Record $17.1B in Crypto Enforcement Actions in 2024
By Bena Ilyas
December 5th, 2024
The collapse of the cryptocurrency exchange FTX in November 2022 accounted for $12.7 billion in restitution and disgorgement, setting a record as the largest recovery in the CFTC’s history.
US Government Moves $33.6M Crypto Seized from FTX
By Bena Ilyas
December 4th, 2024
As of December 4, the US government reportedly holds over 198,000 BTC, valued at $19.2 billion. With such massive reserves, the recent activity has reignited conversations around the government’s strategy concerning its crypto holdings.
FTX Token (FTT) Price Shoots 36% after Exchange Reorganization Plan
By Bhushan Akolkar
November 22nd, 2024
FTT, the native token of the bankrupt FTX exchange, surged 36% to a high of $2.96, following FTX’s court-approved reorganization plan.
Liquidators for Three Arrows Capital (3AC) Seeks to Revise Claims against FTX from $120M to $1.53B
By Steve Muchoki
November 14th, 2024
The liquidators of Three Arrows Capital believe the action of FTX to liquidate $1.33 billion a few weeks before its collapse was unfair and avoidable.
DOJ Seeks $17.9M in Crypto Linked to Sam Bankman-Fried’s Alleged Bribery Scheme
By Anisha Pandey
November 13th, 2024
FTX collapsed in November 2022, revealing extensive mismanagement of customer funds under Bankman-Fried’s leadership. It is considered one of the largest financial frauds in American history.
FTX Estate Sues Binance to Recover $1.8B in Alleged Fraudulent Transfer
By Chimamanda U. Martha
November 11th, 2024
The estate asserts that Sam Bankman-Fried’s $1.75 billion repurchase agreement with Binance in July 2021 was a fraudulent transfer.
Alameda Research Sues Waves Founder Aleksandr Ivanov to Recover $90 Million in Crypto Assets
By Mayowa Adebajo
November 11th, 2024
Alameda’s decision to sue Ivanov is just one of many similar moves that aims to retrieve funds for FTX creditors.