FTX creditors may receive up to 142% of their claims, while most customers could get back 118% of their balances.
Prosecutors sought 40 to 50 years for the Bankman-Fried verdict, citing massive financial losses.
A FTX settlement with BlockFi has now been agreed upon, with FTX agreeing to pay BlockFi up to $874 million.
Judge Dorsey limits the costs and duration of the FTX bankruptcy probe to avoid disruption to ongoing Chapter 11 proceedings.
Alameda Research, an affiliate of the bankrupt cryptocurrency exchange FTX, has decided to drop a lawsuit against Grayscale Investments.
Sam Bankman-Fried, co-founder of FTX, admitted in court that he approved billions of dollars in investments despite Alameda risk exposure.…
Bankman-Fried testimony revealed that FTX, co-founded by him and Gary Wang in 2019, was conceived as a platform specializing in…
Ellison reveals that multiple accounting firms declined to handle Alameda balance sheets, leading her to take over the task.
Bankman-Fried MIT friend, Gary Wang, testified against him, admitting involvement in a multibillion-dollar fraud scheme. Wang's testimony is expected to…
This website uses cookies.