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FTX
FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution
Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S. regulators warm to crypto and the industry stages a comeback.
Shaq Inks Deal to Settle With FTX Investors Over Boosting Failed Crypto Exchange
The suit named a host of other celebrity promoters, including baseball player Shohei Otani, comedian Larry David, and model Gisele Bundchen.
New FTX EU Owner Backpack Initiates Customer Claims Process
Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of KYC verification.
FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle
Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.
Trump's Pick to Run SEC Paul Atkins Promises New Crypto Stance, Gets Few Questions
Former SEC Commissioner Paul Atkins testified in a confirmation hearing beside Trump's OCC nominee, Jonathan Gould, though crypto wasn't a central topic.
FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years
Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence.
FTX’s Initial $1.2B Payout Process to Creditors Is Underway
The payments are being distributed in U.S. dollars through BitGo and Kraken.
AI Fake May Have Scammed Firms for Millions in FTX Claims: Report
Inca Digital has built a case against a shadowy figure cheating trading firms for more than $5 million in claims from the liquidation of the FTX exchange.
Bitcoin Breaches New Record Above $98K as MicroStrategy Soars and Trump Considers 'Crypto Czar'
Bitcoin rally continues as the largest crypto by market cap surged above $98,000 heading into the U.S. morning Thursday. This comes as MicroStrategy and other companies holding corporate bitcoin treasuries soar and president-elect Trump reportedly talks with the crypto industry about a new White House post dedicated to crypto policy. Plus, former FTX executive Gary Wang was spared prison time by a judge. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Former FTX CTO Gary Wang Won’t Have to Serve Prison Time, Judge Rules
Wang was one of the key cooperating witnesses with U.S. prosecutors in Sam Bankman-Fried’s trial, earning him a “world of credit,” a judge said on Wednesday.
