FTX bankruptcy

ftx-co-founder-sam-bankman-fried’s-civil-liability-released-in-settlement-with-investors
Posted by | April 24, 2024
FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried.  In exchange, Bankman-Fried has...

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ftx-estate-offloads-$1.9-billion-worth-of-locked-solana-(sol)-tokens-in-sale
Posted by | April 5, 2024
FTX Estate Offloads $1.9 Billion Worth Of Locked Solana (SOL) Tokens In Sale

In a significant development, FTX bankruptcy trustees have reportedly sold about two-thirds of a $2.6 billion stash of Solana (SOL) at a “deeply discounted price.”  Industry figures such as Galaxy...

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former-ftx-executive’s-platform-secures-$60-million-in-claims,-here-are-the-details
Posted by | March 21, 2024
Former FTX Executive’s Platform Secures $60 Million In Claims, Here Are The Details

Former FTX customers, left uncertain of the fate of their funds after the collapse of the now-bankrupt crypto exchange , have turned their misfortune into a potentially profitable venture.  Led...

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sam-bankman-fried-fraud:-ftx-users-drop-bombshell-lawsuit-on-bankruptcy-lawyers
Posted by | March 8, 2024
Sam Bankman-Fried Fraud: FTX Users Drop Bombshell Lawsuit On Bankruptcy Lawyers

A group of FTX investors have instituted a proposed class action against US law firm Sullivan & Cromwell for their role in the bankrupt crypto exchange’s fraud against its customers....

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ftx-exchange-saga:-law-firm-handling-bankruptcy-accused-of-complicity-in-fraud
Posted by | February 18, 2024
FTX Exchange Saga: Law Firm Handling Bankruptcy Accused Of Complicity In Fraud

In an interesting development, FTX creditors have launched a class action lawsuit against Sullivan and Cromwell (S&C), the law firm that is currently responsible for handling the bankruptcy proceedings of...

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Posted by | February 3, 2024
FTX Faces Lawsuit From Creditors Challenging $16,000 Bitcoin Repayment Plan

A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather...

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Posted by | December 25, 2023
Ripple Claims $11 Million In FTX Bankruptcy Case, Bolstering Legal Position

In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets.  Notably,...

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Posted by | December 19, 2023
FTX Digital Markets Secure Global Settlement: Positive Outcome For Customers?

In a significant development, FTX Debtors and FTX Digital Markets have announced a global settlement agreement with the Joint Official Liquidators (JOLs) representing FTX Digital Markets.  The settlement, subject to...

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Posted by | December 17, 2023
FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day. 9664 Total views 31 Total...

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Posted by | December 12, 2023
FTX And IRS Lock Horns Over $24 Billion Tax Bill, FTT’s Key Support Wavers

In a striking turn of events, the Internal Revenue Service (IRS) in the United States has presented a staggering tax bill of $24 billion against the bankrupt cryptocurrency exchange FTX. ...

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