April 11th, 2025
FTX (FTT) News - Page 2
Elon Musk Weighs in on SBF Pardon Rumors amid Low Probability on Polymarket
By Chimamanda U. Martha
December 23rd, 2024
SBF’s status as a major donor to the Democratic Party has fueled discussions about potential clemency.
FTX Distribution Plan Sets January 3 Start, 60-Day Payout Window
By Temitope Olatunji
December 16th, 2024
FTX is preparing creditor payments through BitGo and Kraken while warning customers about potential scams.
FTT Jumps 36% amid Pudgy Penguins Rewards for FTT Holders
By Vishal Dixit
December 6th, 2024
FTT token makes a surprising jump, driving a new breakout rally. As holders anticipate a parabolic rise for FTT to rise back from its ashes, the token with no use finds a new relief fund from Pudgy Penguins. However, the risks of liquidation amid FTX’s bankruptcy loom large.
CFTC Announces Record $17.1B in Crypto Enforcement Actions in 2024
By Bena Ilyas
December 5th, 2024
The collapse of the cryptocurrency exchange FTX in November 2022 accounted for $12.7 billion in restitution and disgorgement, setting a record as the largest recovery in the CFTC’s history.
US Government Moves $33.6M Crypto Seized from FTX
By Bena Ilyas
December 4th, 2024
As of December 4, the US government reportedly holds over 198,000 BTC, valued at $19.2 billion. With such massive reserves, the recent activity has reignited conversations around the government’s strategy concerning its crypto holdings.
FTX Token (FTT) Price Shoots 36% after Exchange Reorganization Plan
By Bhushan Akolkar
November 22nd, 2024
FTT, the native token of the bankrupt FTX exchange, surged 36% to a high of $2.96, following FTX’s court-approved reorganization plan.
Liquidators for Three Arrows Capital (3AC) Seeks to Revise Claims against FTX from $120M to $1.53B
By Steve Muchoki
November 14th, 2024
The liquidators of Three Arrows Capital believe the action of FTX to liquidate $1.33 billion a few weeks before its collapse was unfair and avoidable.
DOJ Seeks $17.9M in Crypto Linked to Sam Bankman-Fried’s Alleged Bribery Scheme
By Anisha Pandey
November 13th, 2024
FTX collapsed in November 2022, revealing extensive mismanagement of customer funds under Bankman-Fried’s leadership. It is considered one of the largest financial frauds in American history.
FTX Estate Sues Binance to Recover $1.8B in Alleged Fraudulent Transfer
By Chimamanda U. Martha
November 11th, 2024
The estate asserts that Sam Bankman-Fried’s $1.75 billion repurchase agreement with Binance in July 2021 was a fraudulent transfer.
Alameda Research Sues Waves Founder Aleksandr Ivanov to Recover $90 Million in Crypto Assets
By Mayowa Adebajo
November 11th, 2024
Alameda’s decision to sue Ivanov is just one of many similar moves that aims to retrieve funds for FTX creditors.
FTX Co-Founder Gary Wang Seeks No Jail Time for Cooperation in SBF Case
By Chimamanda U. Martha
November 7th, 2024
The sentencing memo also cited Wang’s personal circumstances as part of his reasons for requesting no jail time. His legal team revealed that Wang is currently employed as a software engineer at an undisclosed firm and is expecting his first child with his wife later this month.
Ex-FTX Exec Nishad Singh Faces Sentencing in $8B FTX Fraud
By Bena Ilyas
October 30th, 2024
Singh’s cooperation was pivotal, with prosecutors pushing for leniency due to his assistance in exposing one of the largest financial frauds in US history, which led to Bankman-Fried’s conviction and significant asset recovery for victims.
Former FTX Executive Nishad Singh Seeks Leniency in Court Ahead of Sentencing
By Temitope Olatunji
October 17th, 2024
Former FTX executive Nishad Singh requests leniency in court, emphasizing his limited role and cooperation during the investigation.
FTX Customer Alleges Olympus Peak Failed to Honor Agreement
By Bena Ilyas
October 11th, 2024
Gierczyk claims Olympus Peak denied him over $1 million in extra compensation following FTX’s reorganization plan.
Worldcoin (WLD) Price Signals Bullish Recovery as Alameda Research Escalates Selloffs
By Steve Muchoki
October 9th, 2024
After losing over 80 percent in value in the past seven months, Worldcoin (WLD) price has signaled a potential reversal in the near term.