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On Friday, the estate managing the collapsed crypto exchange FTX announced that its recovery trust had begun disbursing over $5 billion tied to both convenience and non-convenience class claims. As distributions roll out over the following three days, Coinbase Institutional observed in its weekly briefing that this injection of capital could invigorate liquidity across crypto … Read more
Netflix will release a limited series dramatizing the rise and fall of cryptocurrency exchange FTX and its leaders, Sam Bankman-Fried (SBF) and Caroline Ellison. ‘The Altruists’ to Explore $8B FTX Fraud with Julia Garner and Anthony Boyle “The Altruists,” an eight-episode Netflix limited series produced by Barack and Michelle Obama’s Higher Ground Productions, will chronicle … Read more
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for his role in a fraud scheme involving the misappropriation of customer funds to his hedge fund, Alameda Research. According to a Business Insider report, the Bureau of Prisons (BOP) estimates that he could be released as early as December 14, 2044, … Read more
The FTX Recovery Trust explained on Thursday that it will distribute more than $5 billion to creditors starting May 30, 2025, as part of its court-approved Chapter 11 bankruptcy reorganization plan. Distribution Date Set for FTX’s $5B Creditor Repayment The distribution, the second under FTX’s reorganization plan, will pay creditors across multiple claim classes. Class … Read more
The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing legal action against token issuers NFT Stars Limited … Read more
The bankrupt cryptocurrency platform FTX aims to initiate repayments to primary creditors by May 30, 2025, deploying an $11.4 billion liquidity pool amassed since its 2022 downfall, Bloomberg revealed this week. Bankrupt FTX Creditors to Receive Payouts Having sought Chapter 11 protection in November 2022 amid a liquidity shortfall and fraud disclosures, the firm has … Read more
FTX and Alameda Research, two of the most significant players in the cryptocurrency ecosystem, have kept up a consistent pattern of transferring $SOL tokens around the 10th of each month. This has been a cause for growing concern in the crypto community, because massive amounts of $SOL have been consistently redeployed from staking and sent … Read more
The former FTX boss was sentenced to 25 years in the slammer for his role in the spectacular collapse of one of crypto’s largest exchanges. Tucker Carlson Sits Down with Sam Bankman-Fried for Candid Prison Interview Donning a brown jacket, a gray t-shirt, and sipping on a beverage from a white flask, Sam Bankman-Fried or … Read more
The cryptocurrency market has recently been on a roller coaster ride, with some dramatic shifts in market dynamics over the past several weeks. One of the most talked-about and notable events is the impending unlock of 11.2 million Solana ($SOL) tokens. This event, set for March 1, is connected to the ongoing bankruptcy situation of … Read more
The former CEO of embattled cryptocurrency exchange FTX was found guilty on seven counts of fraud last year and is currently serving a 25-year prison sentence. After Two-Year Absence, Sam Bankman-Fried Reappears to Discuss DOGE Sam “SBF” Bankman-Fried is currently detained at the Metropolitan Detention Center in Brooklyn, New York, serving a 25-year sentence issued … Read more
