FTX


Finance

FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors

Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.

John J Ray III took over as FTX CEO in November 2022 (House Committee on Financial Services)

Finance

Solana Rally Sees FTX's Holdings Grow to $4.2B, Setting Claims Market on Fire

FTX’s SOL holdings are worth over $4.2 billion in today’s money, up from $1.16 billion from earlier this year.

Solana Spaces (Solana)

Policy

FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries

FTX victims are closer to getting their money back from the exchange after a federal judge put an end to a time-consuming dispute that has halted the exchange's bankruptcy case.

(Charles Hoffmeyer)

Policy

FTX Disputes IRS's 'Alice in Wonderland' Tax Claim

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.

(Jesse Hamilton/CoinDesk)

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Videos

Ledger Didn't See Sales Uptick Significantly Following Binance's $4.3B Fine, CEO Says

As a part of CoinDesk's Most Influential 2023, Ledger CEO and Chairman Pascal Gauthier discusses whether crypto hard wallets saw a significant uptick in sales after Binance founder Changpeng "CZ" Zhao pleaded guilty to one charge of violating the Bank Secrecy Act last month and the crypto exchange paid a $4.3 billion fine to settle the allegations. Plus, insights into Ledger's sales following FTX's implosion.

Recent Videos

Consensus Magazine

Michael Kutsche: Caroline Ellison Had Her Mind 'Hijacked'

The artist made an NFT of the former Alameda Research executive for our Most Influential package.

Michael Kutsche, the artist behind the NFT.

Consensus Magazine

Ian Allison's Giant Sam Bankman-Fried Scoop Won Accolades in 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.

CoinDesk's Ian Allison (Mason Webb/CoinDesk)

Markets

FTX Gets Court Approval to Sell $873M Worth of Grayscale, Bitwise Trust Assets

FTX held shares of five Grayscale Trusts and one Bitwise trust, according to an earlier court filing. The crypto firm Galaxy won court approval for an expansion of its mandate in helping to dispose of assets.

(CoinDesk)

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Finance

Sam Bankman-Fried Used Mackerel to Pay For a Haircut in Brooklyn Detention Center: WSJ

SBF was also seen giving crypto tips to prison guards, WSJ reported.

(Elizabeth Napolitano / CoinDesk)

Policy

FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information

FTX bought a stake in Anthropic supposedly worth $500 million, according to an internal document circulated before last November’s bankruptcy filing.

Sam Altman, OpenAI CEO (TechCrunch/Wikimedia Commons, modified by CoinDesk)