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John Ray laid out the importance of Nishad Singh’s future cooperation to FTX’s bankruptcy, hours before the crypto executive's sentencing.
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 FTX’s claims that Bybit had refused to allow the ba…
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 assets held on Bybit’s platform and sell about $53 …
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 Through a $2.28 Billion Agreement appeared first on COI…
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 limited nature of his involvement, requesting a reduce…
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 their thoughts about his unconventional LinkedIn post…
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 his lawyers, and said former Alameda CEO Caroline El…
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 crypto market, as creditors are poised to receive…
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 first on Crypto Briefing.