Tagged: ftx

July 18, 2026 @ 10:17 am By Omar Faridi  |  

The estate of the collapsed crypto exchange FTX is set to release approximately $900 million to eligible claimants in what represents its fifth major wave of repayments. This development, detailed in a recent announcement, highlights the continued progress in addressing obligations stemming from the exchange‘s… Read More

July 16, 2026 @ 12:02 pm By JD Alois  |  

Yesterday, the US Senate passed a Resolution (S.Res. 772) stating that FTX founder and former CEO Sam Bankman-Fried should never receive a Presidential Pardon. Bankman-Fried is currently in prison serving a 25-year sentence for fraud following the collapse of his businesses. It has been rumored… Read More

June 15, 2026 @ 11:19 am By Omar Faridi  |  

A federal appeals court has firmly rejected efforts by Sam Bankman-Fried, the disgraced founder and former chief executive officer of the collapsed cryptocurrency exchange platform FTX, to secure a new trial. The ruling, issued on June 12, 2026, by a three-judge panel of the US… Read More

May 25, 2026 @ 3:46 pm By Omar Faridi  |  

Customers impacted by the spectacular 2022 collapse of the once prominent cryptocurrency exchange FTX have secured another round of financial recoveries through settlements with key professional service providers who worked with the exchange.  The agreements involve the firm’s former primary outside counsel and its auditor,… Read More

April 2, 2026 @ 6:29 pm By Omar Faridi  |  

The Commodity Futures Trading Commission (CFTC) announced on April 1, 2026, that a federal court in New York has entered a supplemental consent order resolving its enforcement action against Nishad Singh, the former head of engineering at the collapsed cryptocurrency exchange FTX. The order requires… Read More

March 21, 2026 @ 6:25 pm By Omar Faridi  |  

In the fast-paced and unpredictable ecosystem of cryptocurrency and venture capital, recent social media discussions have highlighted the extraordinary investment foresight demonstrated by Sam Bankman-Fried, the disgraced founder and former CEO of collapsed crypto exchange FTX. This, even as its founder’s legal troubles continue to… Read More

February 26, 2026 @ 8:37 am By Omar Faridi  |  

The White House has firmly stated that President Donald Trump will not grant a presidential pardon to Sam Bankman-Fried (commonly known as SBF), the founder of the collapsed cryptocurrency exchange FTX. This confirmation comes amid ongoing speculation in crypto circles and follows Bankman-Fried’s recent efforts… Read More

February 13, 2026 @ 8:55 am By Omar Faridi  |  

Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, once positioned himself as a visionary in the crypto and tech worlds. Before his empire crumbled amid allegations of massive fraud, SBF made several shrewd early investments that have since exploded in worth. These… Read More

January 25, 2026 @ 1:34 pm By Omar Faridi  |  

In a development that underscores the varying consequences faced by key figures in one of the crypto sector’s most significant fraud cases, Caroline Ellison, the former CEO of Alameda Research, was released from federal custody on January 22, 2026. Ellison, who had been serving a… Read More

December 26, 2025 @ 8:34 am By Omar Faridi  |  

Caroline Ellison, the former head of Alameda Research, is poised to conclude her federal incarceration on January 21, 2026, as indicated by the latest U.S. Federal Bureau of Prisons data. At 31 years old, Ellison has spent recent months in a transitional community confinement arrangement,… Read More

September 21, 2025 @ 5:43 pm By Omar Faridi  |  

The FTX Recovery Trust has unveiled plans for its third round of distributions, injecting approximately $1.6 billion back into the pockets of affected creditors. Scheduled to commence on September 30, 2025, this payout underscores the ongoing efforts to rectify the fallout from one of the… Read More

August 7, 2025 @ 11:25 am By Omar Faridi  |  

Changpeng Zhao, the founder of Binance and a prominent figure in the cryptocurrency industry, is seeking to have a $1.76 billion lawsuit filed by the FTX trust thrown out, arguing that the claims lack merit and the U.S. court has no authority over the matter…. Read More

June 15, 2025 @ 4:26 pm By Omar Faridi  |  

In a significant development tied to the collapse of the cryptocurrency exchange FTX, NBA legend Shaquille O’Neal has reportedly reached a $1.8 million settlement to resolve claims against him for his role in promoting the platform. The settlement, finalized recently, marks a notable contrast to… Read More

June 4, 2025 @ 8:15 am By Omar Faridi  |  

The cryptocurrency ecosystem has marked a pivotal moment as FTX, once a major crypto exchange, began its creditor distribution process. Sunil, an advocate for FTX creditors known on X as @sunil_trades, shared that around $5 billion is being returned to creditors. Large claims over $50,000… Read More

January 7, 2025 @ 12:55 pm By JD Alois  |  

FTX EU has been acquired by Backpack, according to a note from the firm. The goal is to offer crypto trading, including derivatives and perpetual futures, across the EU. Deal terms were not immediately available. FTX EU is part of the global crypto exchange’s global… Read More

January 6, 2025 @ 9:00 pm By Omar Faridi  |  

Failed crypto exchange FTX’s payment plan is now effective. As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within the next 60 calendar days. The latest reorganization plan for failed crypto-assets… Read More

December 17, 2024 @ 7:33 am By Omar Faridi  |  

BitGo, the digital asset custody and security platform trusted by institutions since 2013, today announced it has entered into an agreement with FTX Trading Ltd. and its affiliated debtors to assist in distributing recoveries to both retail and institutional customers in “supported jurisdictions in accordance… Read More

September 24, 2024 @ 5:25 pm By JD Alois  |  

Caroline Ellison, once the CEO of Alameda Research, the hedge fund affiliated with FTX, has received a two-year sentence for her involvement in the failure of the once-popular crypto exchange. FTX collapsed into bankruptcy following a “run on the bank“-like event as investors pulled money… Read More

September 17, 2024 @ 2:15 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has settled charges with Prager Metis CPAs, LLC (Prager) in regard to its relationship with the failed crypto operation FTC. The SEC states that Prager has agreed to pay $1.95 million to resolve two actions alleging misconduct… Read More

August 8, 2024 @ 3:56 pm By JD Alois  |  

The Commodity Futures Trading Commission is reporting that the US District Court for the Southern District of New York has entered a consent order of permanent injunction and other relief against FTX Trading and Alameda Research. The duo has been ordered to pay $12.7 billion in… Read More