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FTX
LAWSUITS

FTX agrees to drop lawsuit against Bybit in $228 million settlement

FTX has agreed to drop its lawsuit against Bybit in a settlement that would allow FTX to collect around $228 million. Earlier this month, a U.S. bankruptcy court approved FTX’s reorganization plan to repay its creditors.

theblock.co • 28/10/2024 - 04:54 AM

CRIME
FTX

Nishad Singh's defense pushes for no jail time, citing 'limited' role in FTX case

Nishad Singh's attorneys argue against jail time citing his limited role in FTX's failures and his cooperation with investigations as well as remorse for his actions.

theblock.co • 17/10/2024 - 08:33 AM

FTX

Former FTX executive Ryan Salame begins his seven and a half year prison sentence

Ryan Salame, ex-FTX executive, starts a 7.5-year prison sentence in Maryland, following guilty pleas related to political contributions and unlicensed money transfers.

theblock.co • 12/10/2024 - 13:29 PM

FTX
LAWSUITS

FTX user sues hedge fund set to make more than $1 million from his bankruptcy claim

Alexander Gierczyk sues Olympus Peak for failing to honor recovery terms on a $1.59M claim sold at a discount, amidst FTX's ongoing bankruptcy proceedings.

theblock.co • 11/10/2024 - 12:54 PM

The Daily: HBO doc suggests Peter Todd is Satoshi Nakamoto, VanEck enters the crypto VC space and more

HBO's documentary claims Peter Todd is Satoshi Nakamoto. VanEck enters crypto VC, while the U.S. government suggests Bitfinex might be the sole 2016 hack victim.

theblock.co • 09/10/2024 - 18:07 PM

FTX

Former FTX exec Ryan Salame asks again to push back his prison time to get medical treatment following dog attack over the summer

Ryan Salame, former FTX executive, requests a December prison start date for medical treatment after a dog injury, postponing his sentence from October 11.

theblock.co • 09/10/2024 - 15:24 PM

Former Alameda CEO Caroline Ellison agrees to hand over bulk of her assets to settle FTX lawsuit

Caroline Ellison will transfer most of her assets to FTX debtors for a settlement, cooperating with investigations following her involvement in FTX's collapse and subsequent bankruptcy.

theblock.co • 09/10/2024 - 09:09 AM

Bullish bitcoin Q4 thesis bolstered by FTX repayment developments, K33 analysts say

K33 analysts are optimistic about Bitcoin's Q4 prospects due to robust U.S. job data and FTX creditor repayments, though market caution persists among altcoins and traders.

theblock.co • 08/10/2024 - 11:39 AM

US bankruptcy judge approves FTX reorganization plan, two years after the exchange's collapse

A U.S. judge has approved FTX's bankruptcy plan, allowing fund distributions to creditors. Critics highlight tax implications and prefer cryptocurrency payments. FTT tokens were deemed worthless.

theblock.co • 07/10/2024 - 19:19 PM

US bankruptcy judge approves FTX reorganization plan, two years after the exchange's collapse

About 94% of creditors in the “dotcom customer entitlement claims” class who returned their ballots — representing about $6.83 billion in claims by value — voted in favor of the reorganization plan. However, the plan garnered criticism from Sunil Kavuri, a representative of the largest FTX creditor group. Kavuri said the estate should pay out crypto in kind, rather than the dollar value.

theblock.co • 07/10/2024 - 19:19 PM

Currency