December 26th, 2025
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.
This settlement is one of several legal battles that FTX has faced since its collapse.
The crypto industry is currently in a phase where investors prioritize transparency and robust security.
Uyeda mentioned that the SEC has a tradition of working with product sponsors to develop customized registration requirements. He sees no reason for digital asset securities to be an exception.
The SEC’s intervention comes as FTX has been working on several repayment plans to compensate its creditors.
Former FTX executive Ryan Salame withdraws his petition to cancel his guilty plea as prosecutors accuse him of trying to escape sentencing.
Crypto companies are spending millions to influence the forthcoming elections; a researcher says such spending could weaken lawmakers.
Salame confirmed the court filing on his personal social media account, noting that he is nervous about the potential outcome of the case and what it would mean for his young family.
This agreement is expected to aid in settling FTX’s Chapter 11 bankruptcy and alleviating the financial consequences of its collapse.
Alongside its recent achievement, Bybit has launched a new offering called Pre-Market Perpetuals.
The company is preparing to offer crypto spot ETF services once the Japanese legal and tax frameworks are in place.
The bankrupt crypto lender assured users that its Plan Administrator and Joint Liquidators are working with the relevant authorities to ensure the smooth distribution of assets for international customers.
BlockFi’s became one of the first victims of the collapse of the Sam Bankman-Fried’s FTX exchange in November 2022.
BlockFi exited bankruptcy in 2023 and has begun a post-bankruptcy wind-down. The defunct crypto lender closed down its web platform in May 2024.
Attorneys representing both sides jointly stated that the settlement is an “integral and valuable component of the Debtors’ proposed Chapter 11 reorganization plan”.