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The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements.According to a May 28 announcement, the credito…
A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation.According to May 21 reporting from the courtroom, in the US District Court for the Eastern District of New York, a jury convicted Karony o…
Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who faces federal campaign finance charges, is pushing for dismissal on the grounds that US prosecutors deceived her husband in a plea deal.In a May 7 filing in the US District Court for the Southern District of New York, Bond…
Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing.In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to trave…
Changpeng Zhao “CZ”, the former CEO of Binance believes that Bitcoin could reach between $500,000 and $1 million during the current market cycle.Speaking on the “Farokh Radio” YouTube channel in an episode published Monday, CZ discussed the state of crypto, his time in prison, and the evolving globa…
Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a fraudulent scheme to manipulate the price of the platform’s token.In a May 2 filing in the US District Court for the Southern Di…
The Federal Reserve has reversed its 2022 Supervisory Letter, which had required banks to give advance notice before engaging in any cryptocurrency activities. This follows many regulatory bodies in the United States, which are taking a different stance on crypto investment and freeing up capital to…
Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institutionBankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security…
Arthur Hayes, the co-founder of BitMEX who now runs the family-office-style fund Maelstrom, believes the macro cocktail that ignited Bitcoin’s six-fold advance from late 2022 into early 2025 is being mixed again. Speaking on the “Forward Guidance” podcast just minutes after a market-soothing Trump p…
Changpeng “CZ” Zhao, former CEO of Binance, has denied claims that he agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).In an April 11 report, The Wall Street Journal cited unnamed sources alleging that CZ had agreed …
FTX, 27 months following the exchange's dramatic collapse in early November 2022, is set to begin repaying claims worth more than $50,000 on May 30, moving the long and controversial bankruptcy process one step closer to its end. Bankruptcy attorney Andrew Dietderich said the company, currently helm…
Top Stories of The WeekMarket is underestimating how quickly Bitcoin will hit new ATH: AnalystBitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst. The market may be underestimating how quickly Bitc…