April 11th, 2025
FTX (FTT) News - Page 3
Caroline Ellison to Sell All Her Assets in Latest FTX Settlement
By Bhushan Akolkar
October 9th, 2024
FTX’s new administration has filed a motion seeking court approval for a settlement agreement with Caroline Ellison.
FTX Creditors to Gain 119% Return amid $14 Billion Payout
By Bena Ilyas
October 8th, 2024
98% of FTX’s creditors will receive 119% of their allowed claim as of November 2022, meaning creditors will not only recoup their initial investments but also gain additional returns.
Mark Cuban Criticizes SEC, Suggests Better Regulatory Approach Could Have Saved FTX and 3AC
By Mayowa Adebajo
October 4th, 2024
Cuban’s recent criticism of Gensler’s ways is a direct reflection of what the majority of the crypto industry thinks of the SEC Chair.
FTX Bankruptcy Plan Gains Overwhelming Creditor Support
By Temitope Olatunji
October 1st, 2024
FTX’s restructuring plan gains strong creditor backing, setting the stage for the distribution of $6.83 billion to impacted crypto traders and users.
FTX Token Soars 60% with $16B Repayment Plan: What’s Fueling Rally?
By Bena Ilyas
September 30th, 2024
The rally aligned with unfounded rumors that FTX would begin reimbursing its defrauded creditors by September 30.
Former Alameda Research CEO Caroline Ellison Gets Two Years in Prison for Her Role in FTX Collapse
By Chimamanda U. Martha
September 25th, 2024
Despite Caroline Ellison’s cooperation with prosecutors and her role as a key witness in the trial against Sam Bankman-Fried, Judge Lewis Kaplan has rejected leniency and sentenced the former CEO of Alameda Research to two years in prison.
Tether’s Lack of Third-Party Audits Raises Concerns of FTX-Like Liquidity Crisis
By Bhushan Akolkar
September 20th, 2024
Some market analysts think that Tether could also implode like FTX, if not audited duly by third-party agencies. This implosion would likely be tied to its banking partners.
Solana (SOL) Shows Signs of Recovery as FTX Unstakes $23M Tokens
By Chimamanda U. Martha
September 12th, 2024
FTX was closely tied to Solana before its collapse in November 2022. The exchange’s demise sent shockwaves through the blockchain ecosystem, with SOL plunging as low as $8.
FTX to Pay $14M to Reclaim $600M in Robinhood Shares
By Leon Okwatch
September 10th, 2024
This settlement is one of several legal battles that FTX has faced since its collapse.
Former Mt.Gox CEO to Launch Transparency-Focused Crypto Exchange EllipX
By Godfrey Benjamin
September 4th, 2024
The crypto industry is currently in a phase where investors prioritize transparency and robust security.
SEC Commissioner Mark Uyeda Advocates Creating Special S-1 Form for Crypto
By Godfrey Benjamin
September 3rd, 2024
Uyeda mentioned that the SEC has a tradition of working with product sponsors to develop customized registration requirements. He sees no reason for digital asset securities to be an exception.
Coinbase’s Paul Grewal Critiques SEC’s Challenge to FTX Repayment Plan
By Temitope Olatunji
September 2nd, 2024
The SEC’s intervention comes as FTX has been working on several repayment plans to compensate its creditors.
Former FTX Executive Ryan Salame Withdraws Petition to Cancel Guilty Plea
By Temitope Olatunji
August 30th, 2024
Former FTX executive Ryan Salame withdraws his petition to cancel his guilty plea as prosecutors accuse him of trying to escape sentencing.
Crypto Firms Dominate Corporate Political Spending Ahead of 2024 US Elections
By Temitope Olatunji
August 22nd, 2024
Crypto companies are spending millions to influence the forthcoming elections; a researcher says such spending could weaken lawmakers.
Former FTX Exec Ryan Salame Seeks to Void Guilty Plea Over Broken Government Promise
By Chimamanda U. Martha
August 22nd, 2024
Salame confirmed the court filing on his personal social media account, noting that he is nervous about the potential outcome of the case and what it would mean for his young family.