Shaquille O’Neal reaches settlement in FTX lawsuit
O’Neal was among several high-profile celebrities and athletes accused of endorsing FTX. Other celebrities named in similar legal actions include NFL quarterback Tom Brady, supermodel Gisele Bündchen. This is O’Neal’s second high-profile crypto-related settlement in recent months. Shaquille O’Neal has reached a confidential settlement with investors who alleged losses tied to the collapse of cryptocurrency […]
FTX Estate to Begin Repaying Main Creditors $11.4B in Cash by May 2025
The bankrupt cryptocurrency platform FTX aims to initiate repayments to primary creditors by May 30, 2025, deploying an $11.4 billion liquidity pool amassed since its 2022 downfall, Bloomberg revealed this week. Bankrupt FTX Creditors to Receive Payouts Having sought Chapter 11 protection in November 2022 amid a liquidity shortfall and fraud disclosures, the firm has […]
Sam Bankman-Fried Reflects on Life Behind Bars in Tucker Carlson Exclusive
The former FTX boss was sentenced to 25 years in the slammer for his role in the spectacular collapse of one of crypto’s largest exchanges. Tucker Carlson Sits Down with Sam Bankman-Fried for Candid Prison Interview Donning a brown jacket, a gray t-shirt, and sipping on a beverage from a white flask, Sam Bankman-Fried or […]
Sam Bankman-Fried Emerges From Two-Year Hiatus to Weigh in on DOGE
The former CEO of embattled cryptocurrency exchange FTX was found guilty on seven counts of fraud last year and is currently serving a 25-year prison sentence. After Two-Year Absence, Sam Bankman-Fried Reappears to Discuss DOGE Sam “SBF” Bankman-Fried is currently detained at the Metropolitan Detention Center in Brooklyn, New York, serving a 25-year sentence issued […]
Sam Bankman-Fried posts on X, says firing people is the “hardest thing in the world”
Bankman-Fried expressed his sympathy for government employees who have lost their jobs His parents are working to get him a presidential pardon from Donald Trump Bankman-Fried was sentenced to 25 years in prison last March for his involvement in FTX’s collapse Former FTX CEO Sam Bankman-Fried has posted on social media for the first time […]
FTX claims: Creditors in Russia, China, Ukraine among those temporarily unable to participate
FTX creditors in several countries, China, Russia and Ukraine included, unable to participate in claims. The FTX bankruptcy estate is however said to be evaluating options. The FTX estate has begun its creditor repayments that could see more than $16 billion go to eligible creditors across the globe. However, as FTX creditor Sunil Kavuri noted […]
Bitcoin Pepe, FTT and BTC price prediction ahead of FTX payouts
Upcoming FTX payouts may see traders position ahead, which means the altcoin to watch in the next week could be the native FTX Token (FTT). However, the payouts and a confluence of other factors could also impact Bitcoin (BTC) price. But is the potential for greater returns likely to see traders buy Bitcoin Pepe (BPEP)? […]
Bankrupt FTX Sets Initial Payout Date for 2025, Partners With Bitgo and Kraken
FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement. Distributions are […]
Sam Bankman-Fried’s parents are seeking a presidential pardon from Trump
Joseph Bankman and Barbara Fried have met with lawyers and members of president Donald Trump’s administration Trump has already pardoned Silk Road creator Ross Ulbricht who served 12 years in prison Early Bitcoin investor Roger Ver, who faces a 109-year prison sentence, has also asked Trump to help him The parents of former FTX CEO […]
Crypto must avoid FTX 2.0 in the next bull run
It’s time to prioritize governance, transparency and accountability — or we may face another catastrophic FTX-like collapse.This post was originally published on this site