Ftx – Dec LM

New FTX EU Owner Backpack Initiates Customer Claims Process

Crypto trading firm Backpack, which bought the European arm of bankrupt exchange FTX, has begun the process for customers to claim their funds. Backpack, which purchased FTX EU for...

FTX to Begin .4B Creditor Payouts in May After Years-Long Bankruptcy Battle

FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle

FTX, the collapsed cryptocurrency exchange evvel helmed by Sam Bankman-Fried, plans to begin paying its main creditors at the end of May, Bloomberg reported based on court proceedings in...

Court Approves 3AC’s .53B Claim Against FTX, Setting Up Major Creditor Battle

Court Approves 3AC’s $1.53B Claim Against FTX, Setting Up Major Creditor Battle

The Delaware bankruptcy court handling the FTX estate approved a petition on Thursday from Three Arrows Capital (3AC) to significantly expand its claim against the estate from $120 million...

Private Jets, Political Cash Among B in Sam Bankman-Fried’s Forfeited Assets: Court

Private Jets, Political Cash Among $1B in Sam Bankman-Fried’s Forfeited Assets: Court

A federal court confirmed the final tally of SBF assets the government staked a claim to, including $606 million in Robinhood stock sales and two private jets.

FTX Bankruptcy Estate Hits Out Over ‘Unauthorized’ Sale of FTX EU to Backpack Exchange

Backpack, which announced its acquisition of the European arm of bankrupt exchange FTX on Monday, has not been authorized by FTX to make any distributions to any FTX customers...

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.

FTX Sues Binance, Former CEO CZ for $1.8B

The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent

Humpy the Whale Cost FTX, Alameda $1 Billion in Losses, Lawsuit Alleges

The suit also links him to organized crime in Eastern Europe and terrorist groups.

Former FTX CTO Gary Wang Asks Court for No Jail Time

Sam Bankman-Fried’s one-time friend and college roommate will be the fourth FTX executive to be sentenced.

FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse

Singh, who was sentenced to time served, is the fourth FTX executive to be sentenced for his role in the fraud.