FTX


Markets

FTX Repayments May Have Positive Market Impact: Coinbase

Creditor payments via BitGo and Kraken are expected within three business days amid shifting market conditions.

(Unsplash)

Policy

Sam Bankman-Fried’s Prison Sentence Could Be Cut by Over 4 Years: Business Insider

His sentence could be reduced due to accumulated “Good Conduct Time” and participation in prison programs.

Sam Bankman-Fried on CoinDesk TV (CoinDesk TV screenshot)

Markets

FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution

Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S. regulators warm to crypto and the industry stages a comeback.

FTX CEO Sam Bankman-Fried

Policy

Shaq Inks Deal to Settle With FTX Investors Over Boosting Failed Crypto Exchange

The suit named a host of other celebrity promoters, including baseball player Shohei Otani, comedian Larry David, and model Gisele Bundchen.

CoinDesk

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Finance

New FTX EU Owner Backpack Initiates Customer Claims Process

Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of KYC verification.

FTX logo (Adobe Firefly)

Markets

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


Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.

FTX logo (Adobe Firefly)

Policy

Trump's Pick to Run SEC Paul Atkins Promises New Crypto Stance, Gets Few Questions

Former SEC Commissioner Paul Atkins testified in a confirmation hearing beside Trump's OCC nominee, Jonathan Gould, though crypto wasn't a central topic.

Paul Atkins has been confirmed by the Senate to take over the Securities and Exchange Commission as chairman. (Senate Banking Committee)

Policy

FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years

Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence.

Sam Bankman-Fried (right) exits the courtroom in Manhattan after a hearing on July 26, 2023. (Nikhilesh De/CoinDesk)

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Finance

FTX’s Initial $1.2B Payout Process to Creditors Is Underway

The payments are being distributed in U.S. dollars through BitGo and Kraken.

FTX logo (Adobe Firefly)

Policy

AI Fake May Have Scammed Firms for Millions in FTX Claims: Report

Inca Digital has built a case against a shadowy figure cheating trading firms for more than $5 million in claims from the liquidation of the FTX exchange.

Inca Digital theft of FTX claims using AI deep fake