FTX Collapse News
FTX's Ryan Salame posts about 7.5 years jail term on LinkedIn, updates his ‘job’ and ‘experience’ on site
FTX Saga: Ryan Salame, a former FTX executive, begins a 7.5-year prison sentence for campaign finance violations. He expressed frustration over his treatment and claims he entered a guilty plea to protect his wife from prosecution.
1 min read11 Oct 2024FTX files amended reorganization plan, expects $14.5-16.3 billion for distribution
FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.
1 min read8 May 2024FTX Has Billions More Than Needed to Pay Bankruptcy Victims
Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries under the company’s bankruptcy.
2 min read8 May 2024Will Bitcoin's price surge bail out Sam Bankman-Fried? FTX founder's sentence hinges on crypto's rollercoaster ride
As Sam Bankman-Fried's sentencing hearing nears, the unexpected rise in Bitcoin's price emerges as a surprising factor. Bankman-Fried's lawyers argue that the cryptocurrency's resurgence mitigates financial losses.
2 min read28 Mar 2024The Crypto Reboot That Wasn’t: Why ‘FTX 2.0’ Floundered
Creditors say FTX’s post-chapter 11 management team missed an opportunity to create a valuable business from the ashes of the cryptocurrency exchange.
5 min read27 Mar 2024