FTX

Disgraced cryptocurrency mogul Sam Bankman-Fried weighed in on the future of digital assets under President Donald Trump’s administration, according to an interview from his prison released Thursday. What Happened: In an interview with popular media personality Tucker Carlson, Bankman-...

Sam Bankman-Fried, the convicted founder of FTX, has posted on social media for the first time in nearly two years, commenting on government layoffs while reflecting on his own experiences with corporate downsizing. What Happened: In a series of tweets on Tuesday, Bankman-Fried, who is currently...

Sam Bankman-Fried, who is currently serving a 25-year sentence for the FTX scam, shared his disapproval of the previous Joe Biden administration and expressed sympathy toward President Donald Trump, according to an interview from his prison released Thursday. What Happened: Bankman-Fried...

Shelling out millions of dollars for a Super Bowl commercial can be a risky move. Just ask the 14 companies with dot com in their name how things turned out after being featured in Super Bowl ads in 2000. What Happened: Super Bowl XXXIV, which featured the St. Louis Rams and Tennessee Titans, will...

Beleaguered crypto exchange FTX on Tuesday announced that first and final distributions for Convenience Class claims, those under USD $50,000, are scheduled to be available to eligible claimants starting Feb. 18. The Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd. have announced the...

FTX on Monday announced that its Chapter 11 bankruptcy reorganization plan will become effective on Jan. 3, 2025. Customer and creditor distributions will be facilitated through partnerships with cryptocurrency platforms Kraken and BitGo. The first round of distributions is expected to occur within...

Bankrupt cryptocurrency exchange FTX has announced plans to begin distributing payments to creditors and customers in early 2025. This follows the approval of its Chapter 11 Plan of Reorganization, which is expected to become effective by January. What Happened: John Jay Ray III, the...

Cryptocurrency Solana (CRYPTO: SOL) has soared in value in recent days, driven by companies filing to launch Solana ETFs, the continued strength of meme coins, and optimism for the crypto sector. On Nov. 21, Solana hit an all-time high, which comes years after the cryptocurrency was nearly left for...

Archegos Capital Management founder Bill Hwang was sentenced on Wednesday to 18 years in prison for fraud and market manipulation tied to the fund's dramatic collapse in 2021.  The Details: Hwang was sentenced by U.S. District Judge Alvin Hellerstein in New York to slightly less time than the...

The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to seize approximately $16 million in cryptocurrency held in a Binance account. What Happened: This action follows a year-long investigation into funds allegedly linked to bribes authorized by Sam Bankman-Fried, former CEO...

In the latest development in the FTX bankruptcy case, the collapsed entity has launched a lawsuit against cryptocurrency exchange Binance (CRYPTO: BNB), aiming to reclaim $1.8 billion. What Happened: The plaintiffs in the case are alleging that Binance, its ex-CEO Changpeng "CZ" Zhao, and other top...

FTX, once a leading crypto exchange for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), has reportedly filed a lawsuit against former White House communications director Anthony Scaramucci as well as his hedge fund SkyBridge Capital.  What Happened: The lawsuit against...

The U.S. government is negotiating the recovery of approximately $13.25 million in political contributions made by former FTX executives, according to a recent federal court filing. What Happened: The government has asked for an extension until Jan. 15 to continue discussions with several...

Caroline Ellison, former CEO of Alameda Research, agreed to surrender most of her assets to settle a lawsuit filed by the FTX bankruptcy estate. What Happened: Ellison has consented to a settlement that involves transferring most of her assets, not already forfeited to the government or used for...

A U.S. bankruptcy judge has approved FTX’s plan to repay creditors up to $16.5 billion, marking the end of the exchange’s two-year bankruptcy process and potentially injecting billions back into the crypto ecosystem. What Happened: Judge John Dorsey of the U.S. Bankruptcy Court for the...