The FTX estate plans to start distributions by March 2025
FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC…
FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer
In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back…
FTX to fully repay investors after bankruptcy plan receives judge approval
FTX to repay 98% of its users around 119% of their claim value Distributions will be made to creditors across more than 200 jurisdictions FTX collapsed in November 2022 amid…
Caroline Ellison sentenced to 24 months in prison over FTX fraud
Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison. Ellison will also forfeit $11 billion Caroline Ellison, the former chief executive officer of Alameda…
bitFlyer completes acquisition of FTX Japan
bitFlyer has acquired 100% of FTX Japan shares and will rebrand the platform by August 26, 2024. The Tokyo-based crypto exchange will also launch a new crypto custody business via…
BitFlyer to acquire FTX Japan for billions of Yens
BitFlyer, a major Japanese exchange, is angling to acquire FTX Japan, a subsidiary of the bankrupt FTX exchange. The exact value of the acquisition hasn’t been made public though it…
Former FTX exec Ryan Salame sentenced to 90 months in prison
Ryan Salame sentenced to 90 months in prison. Former FTX executive’s sentencing comes two months after former CEO Sam Bankman-Fried was sentenced to 25 years in prison. Former FTX executive…
Pantera Capital buys more Solana (SOL) from FTX
Pantera Capital has purchased more Solana (SOL) from the FTX bankruptcy estate. FTX is auctioning off SOL, with more tokens to be sold to winning bidders. Pantera Capital has acquired…
Pantera Capital fundraising to acquire discounted SOL tokens from FTX Estate
Pantera Capital initiates $250M fundraise for discounted SOL tokens from FTX Estate. Pantera Capital’s target price is $59.95 per SOL, 57% lower than the current market value of $142. FTX…
FTX to sell European subsidiary for $33 million
FTX sought to claw back $323 million from founders of FTX Europe, a crypto platform the bankrupt exchange acquired in 2021. According to court documents, FTX argued the exchange had…