October 28th, 2025
FTX (FTT) News - Page 3
FTX Co-Founder Gary Wang Seeks No Jail Time for Cooperation in SBF Case
By Chimamanda U. Martha
November 7th, 2024
The sentencing memo also cited Wang’s personal circumstances as part of his reasons for requesting no jail time. His legal team revealed that Wang is currently employed as a software engineer at an undisclosed firm and is expecting his first child with his wife later this month.
Ex-FTX Exec Nishad Singh Faces Sentencing in $8B FTX Fraud
By Bena Ilyas
October 30th, 2024
Singh’s cooperation was pivotal, with prosecutors pushing for leniency due to his assistance in exposing one of the largest financial frauds in US history, which led to Bankman-Fried’s conviction and significant asset recovery for victims.
Former FTX Executive Nishad Singh Seeks Leniency in Court Ahead of Sentencing
By Temitope Olatunji
October 17th, 2024
Former FTX executive Nishad Singh requests leniency in court, emphasizing his limited role and cooperation during the investigation.
FTX Customer Alleges Olympus Peak Failed to Honor Agreement
By Bena Ilyas
October 11th, 2024
Gierczyk claims Olympus Peak denied him over $1 million in extra compensation following FTX’s reorganization plan.
Worldcoin (WLD) Price Signals Bullish Recovery as Alameda Research Escalates Selloffs
By Steve Muchoki
October 9th, 2024
After losing over 80 percent in value in the past seven months, Worldcoin (WLD) price has signaled a potential reversal in the near term.
Caroline Ellison to Sell All Her Assets in Latest FTX Settlement
By Bhushan Akolkar
October 9th, 2024
FTX’s new administration has filed a motion seeking court approval for a settlement agreement with Caroline Ellison.
FTX Creditors to Gain 119% Return amid $14 Billion Payout
By Bena Ilyas
October 8th, 2024
98% of FTX’s creditors will receive 119% of their allowed claim as of November 2022, meaning creditors will not only recoup their initial investments but also gain additional returns.
Mark Cuban Criticizes SEC, Suggests Better Regulatory Approach Could Have Saved FTX and 3AC
By Mayowa Adebajo
October 4th, 2024
Cuban’s recent criticism of Gensler’s ways is a direct reflection of what the majority of the crypto industry thinks of the SEC Chair.
FTX Bankruptcy Plan Gains Overwhelming Creditor Support
By Temitope Olatunji
October 1st, 2024
FTX’s restructuring plan gains strong creditor backing, setting the stage for the distribution of $6.83 billion to impacted crypto traders and users.
FTX Token Soars 60% with $16B Repayment Plan: What’s Fueling Rally?
By Bena Ilyas
September 30th, 2024
The rally aligned with unfounded rumors that FTX would begin reimbursing its defrauded creditors by September 30.
Former Alameda Research CEO Caroline Ellison Gets Two Years in Prison for Her Role in FTX Collapse
By Chimamanda U. Martha
September 25th, 2024
Despite Caroline Ellison’s cooperation with prosecutors and her role as a key witness in the trial against Sam Bankman-Fried, Judge Lewis Kaplan has rejected leniency and sentenced the former CEO of Alameda Research to two years in prison.
Tether’s Lack of Third-Party Audits Raises Concerns of FTX-Like Liquidity Crisis
By Bhushan Akolkar
September 20th, 2024
Some market analysts think that Tether could also implode like FTX, if not audited duly by third-party agencies. This implosion would likely be tied to its banking partners.
Solana (SOL) Shows Signs of Recovery as FTX Unstakes $23M Tokens
By Chimamanda U. Martha
September 12th, 2024
FTX was closely tied to Solana before its collapse in November 2022. The exchange’s demise sent shockwaves through the blockchain ecosystem, with SOL plunging as low as $8.
FTX to Pay $14M to Reclaim $600M in Robinhood Shares
By Leon Okwatch
September 10th, 2024
This settlement is one of several legal battles that FTX has faced since its collapse.
Former Mt.Gox CEO to Launch Transparency-Focused Crypto Exchange EllipX
By Godfrey Benjamin
September 4th, 2024
The crypto industry is currently in a phase where investors prioritize transparency and robust security.