April 11th, 2025
FTX (FTT) News
As one of the most popular exchange platforms, FTX left an indelible mark in the crypto scene despite the problems that led to its demise. Stay ahead in the cryptocurrency landscape with the latest FTX (FTT) news and find stories about FTX and its history, get information about FTX native token FTT.
FTX EU Repayment in View as Backpack Begins Verification
The new owner of FTX EU Backpack has commenced verification for users who still have claims with the exchange to recoup their funds.
SOL Price Predictions: How Low Can Solana Drop Following FTX Unstaking?
Solana (SOL) has experienced a significant 16% drop driven by a broader market selloff and FTX’s unstaking of $431.3 million worth of SOL tokens.
FTT Surges 30% as Disgraced FTX Founder Sam Bankman-Fried Posts for First Time in 2 Years
FTX Token (FTT) briefly surged following a tweet from imprisoned founder Sam Bankman-Fried, while his parents seek a presidential pardon for him.
Solana (SOL) Eyes Rebound as FTX Unlocking Triggers Selloff Fears
By Godfrey Benjamin
February 24th, 2025
Despite the negative outlook, the price of Solana is likely to reclaim new highs once FTX sell pressure clears.
WeekInCrypto: LIBRA Losses, FTX Payout, YZY Token and Hamster Kombat Comeback
By Anton Varanov
February 23rd, 2025
From Bitcoin’s price recovery near $100K to groundbreaking developments in ETF transparency and significant market events, the crypto landscape continues to evolve with notable shifts in industry dynamics.
Breaking: FTX to Repay $1.2 Billion to Creditors in First Major Payout Since Collapse
By Bena Ilyas
February 18th, 2025
The Bahamian arm of FTX starts reimbursing smaller creditors today, though the repayment model based on 2022 prices has left some feeling shortchanged amid Bitcoin’s 390% surge.
FTX Begins $18B Repayments Tomorrow: What Creditors Need to Know
By Bena Ilyas
February 17th, 2025
FTX prepares to initiate its massive creditor repayment program, offering up to 120.5% returns for small claims while Bitcoin holders face value cap challenges.
Bitget Offers FTX Creditors Up to $2,500 in New Migration Campaign
By Bena Ilyas
February 14th, 2025
Bitget aims to attract disillusioned FTX creditors with up to $2,500 in rewards, offering a mix of futures trading bonuses and BGB tokens to help rebuild trust in crypto trading.
FTX to Begin Bahamas Customer Repayment for Claims Under $50K on February 18
By Chimamanda U. Martha
February 4th, 2025
FTX will begin repaying creditors with claims under $50K starting February 18, 2025 – based on deposit values from November 2022 when Bitcoin was around $17K.
LayerZero CEO Announces Settlement with FTX Estate
By Parth Dubey
January 31st, 2025
LayerZero has settled with the defunct crypto exchange FTX, confirmed the chief executive Bryan Pellegrino.
Bankman-Fried’s Parents Seek Trump Pardon for Son’s 25-Year Sentence
By Bena Ilyas
January 30th, 2025
Joseph Bankman and Barbara Fried are actively exploring legal pathways to reduce their son’s sentence, amid growing speculation about potential clemency from Donald Trump.
FTX to Start Repaying $1.2 Billion to Creditors, Will It Trigger Crypto Market Volatility?
By Bhushan Akolkar
January 13th, 2025
FTX has announced that it will begin distributing over $1.2 billion in repayments to victims of its bankruptcy.
Kraken Woos FTX Creditors with New Reward Scheme
By Godfrey Benjamin
January 9th, 2025
Kraken plans to take on FTX creditors expecting repayments through a trading fee removal.
FTX EU Sale Sparks Dispute between Bankruptcy Estate and Backpack Exchange
By Mayowa Adebajo
January 9th, 2025
Backpack also clarified that FTX EU would be rebranded as Backpack EU and would solely handle the redistribution of customer funds.
Backpack Exchange Acquires FTX EU to Launch Regulated Crypto Trading in Europe
By Temitope Olatunji
January 7th, 2025
Backpack Exchange acquired FTX EU to reintroduce licensed cryptocurrency derivatives trading across Europe, focusing on compliance and customer trust.
At its peak, the FTX exchange was the third-largest cryptocurrency exchange and a leading platform for spot, derivatives, and options trades. Founded in 2018 by Sam Bankman-Fried, the exchange evolved into two arms, including the international platform based in the Bahamas and FTX US for residents of the United States.
The FTX exchange eventually crashed in November 2022. The collapse stemmed from reports of malpractice and misappropriation. Sam Bankman-Fried was convicted on seven fraud and conspiracy charges, with a trial that got plenty of attention from the crypto and traditional markets alike. The jury reached a verdict in November 2023, with the FTX founder sentenced to 25 years in federal prison in March 2024.
Before it crashed, FTX was known for its user interface, which was designed to cater to newbies and experienced traders. The platform featured powerful trading tools and valuable analytics that helped users make good trading decisions.
FTT is the native utility token of the FTX exchange. It performed several functions on the exchange, including payment of trading fees and participation in token sales. FTT also provided other benefits, such as increased withdrawal limits and bonuses. Holders could also stake their FTT tokens to earn rewards. However, since it crashed, the value of the token and the amount of activity recorded have significantly reduced.
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FAQ on FTX (FTT) News
Is FTX exchange working?
FTX has announced that it would not revive the crypto exchange after returning lost funds to customers.
How much money was lost as a result of the FTX exchange crash?
Most reports agree that the exchange lost about $8 billion to the November 2022 crash. Several notable investors have publicly admitted to losing varying amounts of money to the collapse.
What is FTT token?
FTT is the native token of the FTX exchange. The asset was launched in 2019 and used for staking, token buybacks, collateral, and fee discounts.
What is the future of FTT token?
Due to the circumstances surrounding the FTX collapse and the Sam Bankman-Fried conviction, many consider the future of the FTT token uncertain.