SBF

SBF

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FTX to repay creditors another $2.2B this month

FTX Recovery Trust will distribute about $2.2 billion to creditors on March 31 in its fourth payout under the exchange’s Chapter 11 plan. The latest payout lifts recovery rates so that many customer claim classes reach 100 percent, while Class 7 is set to receive a cumulative 120 percent. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

CoinDesk

Pananalapi

Sam Bankman-Fried's Sudden 'gm' Lifts FTT Token as FTX Set to Repay $1.6B

Spike in FTT activity coincides with a post from Bankman-Fried’s X account despite prison restrictions, drawing ire from the crypto community.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Patakaran

SBF Pardon Plea Tour Continues With Tucker Carlson Podcast Appearance

The former CEO of FTX claimed that he had a better relationship with the Republican Party in the lead-up to his exchange's downfall.

FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Patakaran

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.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton, modified by CoinDesk)

Patakaran

Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an 'Uncommonly Selfless Individual'

Singh will be sentenced for his role in the collapse of FTX on Oct. 30.

Nishad Singh, left, exits a federal courthouse after testifying on Oct. 16, 2023 (Nikhilesh De/CoinDesk)

Patakaran

Diddy Hires Sam Bankman-Fried’s (New) Lawyer

The unlikely pair already share a cell. Now they share a lawyer.

Sean Combs (Samir Hussein/Getty Images for Sean Diddy Combs)

Patakaran

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.

SEC Chair Gary Gensler (Nikhilesh De/CoinDesk)

Patakaran

The Bahamas 'Dares' Again 1.5 Years After FTX Collapse, Brings in New Crypto Law

The Bahamas' Parliament passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), The Securities Commission of The Bahamas announced on Tuesday.

The Bahamas. (A. Duarte/Flickr)

Patakaran

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets

Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."

FTX logo (Adobe Firefly)

Patakaran

Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

The new reorganization plan must first be approved by a Delaware bankruptcy court.

Current FTX CEO John J. Ray has worked to clawback funds spent by the previous operators of the defunct FTX exchange. (Wikimedia Commons)