April 16th, 2025
FTX (FTT) News - Page 6
Former Top FTX Executive Ryan Salame Requests Court Leniency of 18 Months in Prison
By Steve Muchoki
May 15th, 2024
The attorneys representing Salame have informed the court that their client was not involved in the inner circle of FTX led by convicted Sam Bankman-Fried (SBF).
FTX and Alameda Research Offload Over $97M Crypto in April
By Godfrey Benjamin
May 10th, 2024
Meanwhile, FTX is still offloading more of its stake in different companies. After receiving the court’s approval, the firm offloaded two-thirds of the holdings in Anthropic for $884 million.
BlockFi Shuts Down Web Platform, Partners Coinbase for Customer Payout
By Bena Ilyas
May 10th, 2024
The deadline for most BlockFi customers to withdraw their crypto holdings was April 28, 2024. But the company is now offering a way for those who missed the first chance.
Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly
By Chimamanda U. Martha
May 8th, 2024
Currently, Arbelos operates offshore through the British Virgin Islands. The company is also seeking a regulatory license from financial authorities in the region to enable it to operate without restrictions in compliance with local laws.
US Professional Athletes to Pay $2.4M in Settlement amid Voyager Lawsuit
By Mayowa Adebajo
May 8th, 2024
Gronkowski, Oladipo, and Cassill may have settled, but the main defendant in the class action lawsuit remains Mark Cuban.
Oxford Mansion Linked to FTX Charity Lists for £15M
By Godfrey Benjamin
May 8th, 2024
The sale of the manor comes almost four months after Bankman-Fried’s $40 million penthouse was equally put up for auction.
FTX Creditors Could Receive Up to 142% of Claims in $16.3B Payout Plan
By Bena Ilyas
May 8th, 2024
FTX CEO John J. Ray III stated that they are proposing a Chapter 11 plan that aims to return 100% of bankruptcy claims plus interest to non-governmental creditors.
Bitcoin Price Rebounds Above $65k Amid Heightened Greed
By Steve Muchoki
May 6th, 2024
The recent Bitcoin price rise above $65K has carried with it the altcoin market led by Solana, Toncoin, and Avalanche, among others.
Former FTX Executive Surrenders $5.9M Bahamas Property in Plea Deal
By Chimamanda U. Martha
May 3rd, 2024
In a significant development within the bankruptcy proceedings involving the defunct exchange FTX and its debtors, Ryan Salame, former co-chief executive of the company, has agreed to forfeit his $5.9 million Bahamas property as part of a plea deal in a criminal case.
Bitcoin Miner Marathon Digital to Double Its Mining Capacity in 2024
By Bhushan Akolkar
April 26th, 2024
Marathon Digital said that the company won’t be raising funds to achieve its target of 50 EH/s and that it would be fully self-funded.
Pantera Capital Buys Another Bunch of Solana Tokens from FTX Auction
By Steve Muchoki
April 26th, 2024
Solana (SOL) being auctioned by FTX and Alameda Research will be made available for trading over the next four years.
Binance Co-founder Yi He Confirms CZ’s Positive Regulatory Standing in US
By Chimamanda U. Martha
April 19th, 2024
If found guilty by Judge Richard Jones, the former Binance CEO could face up to 10 years in prison, although the sentencing guidelines recommend a jail term of 12 to 18 months.
Voyager Digital Shows Intent with $474M Recovery Fund
By Mayowa Adebajo
April 11th, 2024
Voyager’s restructuring plan proposed having its customers initially recover 35.7% of their claims in crypto or cash. That was in May 2023. By November, the crypto exchange eventually settled with the FTC for $1.65 billion in monetary relief.
What’s Next for FTX’s Ellison, Wang, Salame, and Singh Following SBF’s 25-Year Prison Sentence?
By staff writer
April 2nd, 2024
Following Sam Bankman-Fried’s nearly 25-year jail sentence for financial fraud, attention shifts to his former colleagues at FTX.
Sam Bankman-Fried, Former CEO of Defunct FTX, Acknowledges His Crimes
By Mayowa Adebajo
April 2nd, 2024
As legal battles unfold, Former FTX CEO Sam Bankman-Fried speaks out from his jail cell, expressing remorse for his actions and admitting to making “bad decisions” that left customers waiting.