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
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.
Former FTX CTO Gary Wang Won’t Have to Serve Prison Time, Judge Rules
Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.
Former FTX CTO Gary Wang Asks Court for No Jail Time
Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion.
FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse
Singh is the fourth FTX executive to be sentenced for his role in the fraud.
Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when considering his sentence.
Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an ‘Uncommonly Selfless Individual’
Lawyers say that his early cooperation was critical to bringing cases against Sam Bankman-Fried and Ryan Salame.
FTX’s Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort
Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog bite to his face.
Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn’t paying out what it promised.
Delaware Judge Approves FTX Estate’s Bankruptcy Plan
A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.