December 29th, 2025
FTX (FTT) News - Page 6
Lawyers Net Over $820M in High-Profile Bankruptcy Cases
By Chimamanda U. Martha
May 31st, 2024
Despite the surge in legal fees from cryptocurrency bankruptcy cases filed in 2022, the demand for bankruptcy lawyers in the crypto economy has grown significantly.
Ledger’s New Stax Hardware Wallet Hits Market after 18-Month Wait
By staff writer
May 28th, 2024
During the pre-order phase, the Ledger Stax was priced at €279. The device is aimed at high-end users, and the final retail price will be announced once it’s back in stock.
Pantera and Figure Scoop Up Final Discounted FTX Solana Tokens as Sales Wrap Up
By staff writer
May 24th, 2024
Despite the adversity, FTX embarked on a series of restructuring efforts, including the liquidation of various assets such as Solana tokens and shares in successful startups.
FTX Lawyers Cleared of Fraud, Report Rejects Complicity Claims
By Bena Ilyas
May 24th, 2024
Creditors and investors accused Sullivan & Cromwell of not raising warnings and of positioning for a profitable role as FTX’s main bankruptcy counsel.
Bybit CEO Denies Insolvency Rumors, Confirms Healthy Balance Sheet
By Chimamanda U. Martha
May 23rd, 2024
Bybit CEO provided a link to the exchange’s proof-of-reserves (PoR) and a Nansen dashboard displaying all the cryptocurrencies held by the platform.
Former FTX Executive Ryan Salame Faces 5 to 7 Years in Prison
By Bena Ilyas
May 22nd, 2024
FTX executive Ryan Salame faces two major allegations. First, Salame helped FTX accept customer deposits via a US bank account without proper licensing. Second, Salame is accused of serving as a straw donor for Sam Bankman-Fried.
Genesis Wins Court Approval to Refund $3B in Bankruptcy Case
By Chimamanda U. Martha
May 20th, 2024
With the approved plan to distribute $3 billion to customers, Gemini is poised to commence fund distributions to those affected by the Genesis liquidity crisis in 2022 through its Earn program.
FTX Extends Deadline for Creditor Claims amidst Refund Promise and Distribution Concerns
By Temitope Olatunji
May 15th, 2024
In a bid to offer creditors enough time to file their claims, FTX Digital Markets has decided to extend the deadline for submitting proof of debt.
Former Top FTX Executive Ryan Salame Requests Court Leniency of 18 Months in Prison
By Steve Muchoki
May 15th, 2024
The attorneys representing Salame have informed the court that their client was not involved in the inner circle of FTX led by convicted Sam Bankman-Fried (SBF).
FTX and Alameda Research Offload Over $97M Crypto in April
By Godfrey Benjamin
May 10th, 2024
Meanwhile, FTX is still offloading more of its stake in different companies. After receiving the court’s approval, the firm offloaded two-thirds of the holdings in Anthropic for $884 million.
BlockFi Shuts Down Web Platform, Partners Coinbase for Customer Payout
By Bena Ilyas
May 10th, 2024
The deadline for most BlockFi customers to withdraw their crypto holdings was April 28, 2024. But the company is now offering a way for those who missed the first chance.
Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly
By Chimamanda U. Martha
May 8th, 2024
Currently, Arbelos operates offshore through the British Virgin Islands. The company is also seeking a regulatory license from financial authorities in the region to enable it to operate without restrictions in compliance with local laws.
US Professional Athletes to Pay $2.4M in Settlement amid Voyager Lawsuit
By Mayowa Adebajo
May 8th, 2024
Gronkowski, Oladipo, and Cassill may have settled, but the main defendant in the class action lawsuit remains Mark Cuban.
Oxford Mansion Linked to FTX Charity Lists for £15M
By Godfrey Benjamin
May 8th, 2024
The sale of the manor comes almost four months after Bankman-Fried’s $40 million penthouse was equally put up for auction.
FTX Creditors Could Receive Up to 142% of Claims in $16.3B Payout Plan
By Bena Ilyas
May 8th, 2024
FTX CEO John J. Ray III stated that they are proposing a Chapter 11 plan that aims to return 100% of bankruptcy claims plus interest to non-governmental creditors.