Search
FTX Files Reorganization Plan to End Bankruptcy
18.12.2023
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says
FTX Presents Revised Plan to Distribute Billions to Customers and Creditors, Initiating Final Phase of Bankruptcy Resolution
18.12.2023
Source: Adobe / Александр Поташев Now-defunct crypto exchange FTX has revealed its latest proposal aimed at returning billions of dollars to customers and creditors, marking the start of the final stage in resolving its bankruptcy case. While the proposal addresses several critical aspects, there...
FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...
Solana Rally Sees FTX's Holdings Grow to $3.3B, Setting Claims Market on Fire
15.12.2023
CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries
14.12.2023
A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds from the failed crypto firm's estate
CFTC Pushes FTX-Inspired Rule to Protect Customers' Money
13.12.2023
SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination + More News
13.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination Bitfinex Analyst: Fed’s Rate Hike Pause May Be Seen...
SBF’s Lawyer Says FTX Founder was the “Worst” Witness he has Ever Seen, “Almost Impossible” to Win: Report
12.12.2023
A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the “worst person” he had ever seen do a cross-examination and called the odds of winning the case “almost impossible,” according to a new Bloomberg report. Mills roasts SBF Specializing...
FTX Disputes IRS's 'Alice in Wonderland' Tax Claim
12.12.2023
The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing
FTX Debtors Challenge IRS Over Whopping $24 Billion Tax Claim
12.12.2023
Source: Adobe / Александр Поташев Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds. In a filing submitted on Sunday, the debtors argued that their earnings were nowhere near...
FTX Ad Hoc Committee Prepares Amended Reorganization Plans Set for December
7.12.2023
Source: Adobe The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm. In a letter dated December 4, 2023, the Official Committee of Unsecured Creditors (UCC), overseeing the bankruptcy of the FTX exchange, acknowledged...
Former NYSE Pres May Takeover FTX; Massive Liquidity for Alts Like $GFOX?
6.12.2023
All investors remember the collapse of FTX – one of the largest financial frauds perpetrated in history. It killed the bull market. But how did FTX grow so large in the first place? The trading experience was excellent and it provided a superb on-ramp for liquidity into crypto- especially altcoins....
Cryptocurrency Industry Spends Record $18.96 Million in Federal Lobbying So Far in 2023
5.12.2023
Source: AdobeStock The cryptocurrency industry has spent a staggering $18.96 million in federal lobbying in the first three quarters of 2023. The figure surpasses the $16.1 million spent during the same period in 2022, Reuters reported, citing data from nonprofit research group OpenSecrets. ...
SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal
4.12.2023
The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st. SBF’s potential appeal “After further consideration, we have decided not to file...
3 Best Scandal Coins to Buy Now
4.12.2023
So-called “scandal” tokens are seeing a massive pump as risk appetite in the broader crypto market amps up as Bitcoin (BTC) hits fresh highs for the year above $42,000. Scandal tokens are cryptocurrencies/tokens associated with failed or defunct crypto projects/firms that were struck down...
Michael Kutsche: Caroline Ellison Had Her Mind 'Hijacked'
4.12.2023
The artist made an NFT of the former Alameda Research executive for our Most Influential package
Ian Allison's Giant Sam Bankman-Fried Scoop Won Accolades in 2023
4.12.2023
The CoinDesk reporter belongs in the journalism hall of fame since there's little, if any, precedent for the waves his story on Alameda Research and FTX stirred up
Caroline Ellison Buried Sam Bankman-Fried
4.12.2023
The former Alameda Research CEO gave damning testimony in the fraud trial of her former boyfriend, Sam Bankman-Fried, making her one of CoinDesk's Most Influential in 2023
New Details Emerge about SBF’s Life in Prison
1.12.2023
A former inmate at the Brooklyn Metropolitan Detention Center has revealed details of Bankman-Fried’s life in prison leading up to his landmark fraud trial. SBF “extorted” Talking to crypto content creator, Tiffany Fong, former inmate Gene Borello claimed the FTX founder was at...