FTX

Sam Bankman-Fried (SBF) has granted his first interview since sentencing. He and his legal team plan to appeal his 25-year sentence soon. Sam Bankman-Fried (SBF), the former CEO of the defunct FTX Derivatives Exchange revealed exclusive details on life behind prison and his legal plans. He talked about issues such as the challenges of his new life, his forthcoming appeal, and his regrets about the collapse of FTX. SBF’s Exclusive Reveal In a recent exclusive interview at the Metropolitan Detention…

FTX and its affiliate Alameda Research have liquidated a significant portion of their cryptocurrency assets, totaling $98 million in April. FTX creditors are expressing discontent with the proposed plan while demanding settlements in cryptocurrency rather than fiat currency. In April, FTX, along with its affiliate Alameda Research, liquidated a substantial portion of its cryptocurrency assets, totaling $98 million. Notably, the bankrupt FTX exchange has been selling off its Solana (SOL) holdings to reimburse its customers, a trend that may continue…

The post Arkham Flags FTX And Alameda Wallets For Liquidating $97.35M In Crypto Assets Edit Title appeared first on Coinpedia Fintech News FTX and Alameda wallets have transferred and liquidated a combined $97.35 million in crypto assets within the past month. Besides controlling over 78% of the FTT token supply, FTX retains $33.85 million in BOBA and $11.22 million in ETH. Meanwhile, Alameda holds significant holdings including $140 million worth of WLD, $102 million in BIT, $93 million in BTC, and…

In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session. FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late…

Former FTX Digital Markets co-chief executive Ryan Salame has agreed to transfer his multimillion-dollar property in the Bamas as part of a plea agreement in his case. The move comes after Salame pleaded guilty to criminal charges in September 2023, and his plea agreement required him to pay $5.6 million in restitution to the debtors. The Property Transfer According to a motion filed by FTX Trading Ltd and affiliated debtors with the United States Bankruptcy Court for the District of…

FTX’s announcement regarding the commencement of the third tranche of the auction for locked Solana coins has injected optimism into the market amidst a broader sell-off. Despite the recent bearish trend in Solana’s price, indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO) suggest underlying bullish sentiment. Amid the broader market sell-off, Ethereum Layer-1 competitor Solana has also witnessed a sharp pullback dropping all the way to $120 levels earlier today. However, in another major announcement…

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried.  In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam  Bankman-Fried And Insiders Settle Per the report, if approved by a judge, this agreement would release Bankman-Fried from civil liability just weeks after being sentenced to 25 years in prison…

FTX estate is auctioning off an estimated amount of Solana (SOL) tokens this week.  The SOL tokens will be sold through a ‘blind auction method,’ where the bidders have a chance of becoming proud holders of the digital assets. According to insider sources, the estate of FTX, the defunct cryptocurrency exchange, is auctioning off an estimated amount of Solana (SOL) tokens this week. The bidding, which will employ a “blind auction” method, concludes on Wednesday, and the announcement will be…

Bankrupt cryptocurrency exchange FTX is looking to offload its remaining Solana native tokens, SOL, via an auction this week. According to a Bloomberg report, people familiar with the matter said the bankruptcy estate would auction an unspecified amount of SOL in the hopes of receiving a higher price than that which they would have gotten through direct sales. FTX to Sell SOL Via Auction The blond auction represents a shift from the fixed-price sales the bankruptcy estate has engaged in…