The bankrupt crypto exchange FTX has reached a settlement with the digital asset exchange Bybit to the tune of hundreds of millions of dollars. Last week, FTX’s legal team submitted a motion approving a settlement agreement with Bybit stemming from F
FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital a
The settlement is expected to allow FTX to recover a significant amount of funds held on Bybit since its collapse in 2022.
FTX and Bybit reached a $2.28 billion deal to resolve disputes. FTX aims to refund over $12.6 billion to affected users. Continue Reading:FTX Resolves Dispute with Bybit Through a $2.28 Billion Agreement The post FTX Resolves Dispute with Bybit Throu
Former FTX executive Nishad Singh is asking a US federal judge for leniency ahead of his sentencing for his role in the exchange’s collapse. In a memorandum filed on Oct. 16, Singh’s legal team emphasized his cooperation with authorities and the limi
The fallout from FTX's collapse resulted in numerous lawsuits and settlements, as per CoinGecko.
Salame pled guilty in September to conspiring to make unlawful political contributions as well as conspiracy to operate an unlicensed money-transmitting business.
The way former FTX executive Ryan Salame prepares to start his 7.5-year prison sentence has surprised the crypto community. His recent social media updates sparked a wave of memes and jokes among industry figures and community members, who shared the
In an interview on Unchained with Laura Shin, Ryan Salame, the former CEO of FTX Digital Markets, who started his seven-and-a-half year prison sentence Friday, pushed back on both charges to which he pleaded guilty, accused prosecutors of lying to hi
On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets. This decision comes at a critical time for the
The potential reinvestment of $2.4 billion into crypto markets could bolster market confidence, but its gradual impact may temper immediate effects. The post $2.4 billion may re-enter crypto markets following FTX repayment, suggest analysts appeared
The court-approved FTX bankruptcy plan ensures $6.6 billion in repayments to creditors, despite some opposition on payout modalities. The approval closes a major chapter in FTX’s collapse, but uncertainty looms over the potential revival of the excha
FTX will use up to $16.5 billion to repay its customers at November 2022 prices
FTX's court approval allows billions in refunds to crypto investors. Refunds will be issued in stablecoins, encouraging new investments. Continue Reading:FTX Court Approval Opens Door for Billions in Crypto Returns The post FTX Court Approval Opens D
The FTX bankruptcy committee plans to auction locked WLD Tokens. Fed member Barkin emphasizes the ongoing struggle against inflation. Continue Reading:Recent Events Impact Cryptocurrency Markets and Fed’s Monetary Policy The post Recent Events Impact
Coinspeaker FTX Bankruptcy Plan Gains Overwhelming Creditor Support FTX's restructuring plan gains strong creditor backing, setting the stage for the distribution of $6.83 billion to impacted crypto traders and users. FTX Bankruptcy Plan Gains Overwh
About 94.48% of creditors in the "dotcom customer entitlement claims" class who returned ballots voted in favor of the reorganization plan.
FTT, the token of bankrupt FTX, rallies 50% today. Can it sustain gains in October? Plus, Crypto All-Stars' new "MemeVault" launches. #partnercontent
Crypto social media has been inundated with FUD (fear, uncertainty, and doubt) over what some are claiming are imminent FTX distributions, but there is no need to panic.
According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms.