Cryptocoins News / CoinJournal - 12 hours ago
FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC verification and submit tax forms to receive payments. The FTX...
by COINS NEWS - 14 hours ago
submitted by /u/slobbyKnob1 [link] [comments]
Bitcoin News / Bitcoinist - 19 hours ago
Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised release for his involvement in a sweeping $8 billion fraud scheme. This makes him the fifth and final ex...
Bitcoin News / Bitcoin.com - 1 day ago
Inner City Press reports that the former FTX executive Gary Wang, who admitted to creating the code enabling Sam Bankman-Fried to misappropriate $8 billion from the now-bankrupt cryptocurrency exchange, has avoided prison. Crypto Whistleblower or Acc...
Cryptocoins News / Finance Magnates - 1 day ago
Gary Wang, the former cryptocurrency executive who created the software that enabled FTX founder Sam Bankman-Fried to misappropriate around $8 billion from customers, was sentenced to no prison time by US District Judge Lewis Kaplan. Meanwhile, the F...
Cryptocoins News / CoinJournal - 1 day ago
Gary Wang is now the fifth former executive of collapsed crypto exchange FTX to be sentenced for their role in the company’s implosion. Wang received a sentence of time served and three years of supervised release and will forfeit $11 billion....
by COINS NEWS - 1 day ago
submitted by /u/InclineDumbbellPress [link] [comments]
Bitcoin News / Google News Bitcoin - 4 days ago
Bitcoin at $93k, Musk's DOGE, FTX vs. Binance | Weekly Recap& & crypto.news
Bitcoin News / Bitcoin.com - 6 days ago
Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ,...
by COINS NEWS - 6 days ago
At the time of the FTX collapse reports were around $8.9b of customers funds had gone missing. The demise of FTX was covered literally everywhere, making headlines around the world. All the outlets that you never see any coverage on crypto on were ou...
by COINS NEWS - 1 week ago
submitted by /u/DaRunningdead [link] [comments]
Cryptocoins News / Finance Magnates - 1 week ago
Nearly two years after FTX's collapse impacted Solana's decentralized finance (DeFi) sector, Coinbase is attempting to reintroduce bitcoin-based trading to the Solana blockchain with its new token, cbBTC. Launched recently, cbBTC is a bitcoin-backed...
Bitcoin News / Bitcoin.com - 1 week ago
Apple and A24 are in the early stages of developing a film adaptation of Michael Lewis’s book “Going Infinite: The Rise and Fall of a New Tycoon,” with Lena Dunham attached to write the script, Variety has reported. The film will co...
Cryptocoins News / CoinJournal - 1 week ago
In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back the stake, amounting to $1.76bn in FTT, BNB, and BUSD The transfer was done by Alameda Researc...
Bitcoin News / Bitcoinist - 1 week ago
The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor. The $1.8 billion legal action follows another 23 laws...
by COINS NEWS - 1 week ago
submitted by /u/ChemicalAnybody6229 [link] [comments]
Cryptocoins News / The Cointelegraph - 1 week ago
The exchange’s creditors haven’t been made whole yet despite a judge approving a plan and sentencing for former executives is nearing an end....
Bitcoin News / Bitcoin.com - 1 week ago
A new lawsuit by the FTX estate claims Binance and its former CEO were parties to an allegedly fraudulent share repurchase transaction. FTX is Going After Its Former Investors FTX wants its money back. According to court documents released by FTX est...
Cryptocoins News / The Cointelegraph - 1 week ago
Sam Trabucco left Alameda Research months before the FTX collapse and kept a low profile. Former Alameda Research co-CEO Sam T...
by COINS NEWS - 1 week ago
submitted by /u/No-Elephant-Dies [link] [comments]
by COINS NEWS - 1 week ago
submitted by /u/Abdeliq [link] [comments]
Cryptocoins News / Finance Magnates - 1 week ago
The FTX bankruptcy estate continues to pursue litigation against cryptocurrency firms amid its bankruptcy proceedings. In a new lawsuit, a group of companies involved in the FTX case filed a complaint against Binance, seeking to recover $1.8 billion....
Cryptocoins News / The Cointelegraph - 1 week ago
The FTX estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s...
Bitcoin News / Google News Bitcoin - 1 week ago
Here's how Bitcoin reserves have changed since FTX collapse& & crypto.news
Bitcoin News / Bitcoinist - 1 week ago
The management of bankrupt crypto exchange FTX has launched a lawsuit against American financier Anthony Scaramucci and his hedge fund company SkyBridge Capital to recoup funds invested by the exchange’s former CEO Sam Bankman-Fried (SBF). This legal...
