President Donald Trump has dominated out a pardon for Sam Bankman-Fried, slicing off a line of hypothesis that had lingered in crypto circles because the jailed FTX founder fights his conviction and searches for any political escape hatch. Trump delivered the message in a sweeping interview with The New York Times, the place he additionally…
Caroline Ellison, the previous co-CEO of Alameda Research, is scheduled to be launched from federal custody on Jan. 21, 2026, in line with records from the US Federal Bureau of Prisons. Key Takeaways: Former Alameda co-CEO Caroline Ellison is about for launch on Jan. 21, 2026, about 10 months sooner than her full sentence. Ellison…
The US Securities and Exchange Commission (SEC) has launched new sanctions in opposition to Caroline Ellison, the previous CEO of Alameda Research, together with Gary Wang and Nishad Singh, former executives of the now-defunct cryptocurrency alternate FTX, as half of a bigger case surrounding FTX’s misconduct. SEC Targets Key FTX Figures In Fraud Case On…
Crypto enterprise funding roared again in the third quarter, hitting $4.65 billion, the second-highest degree because the collapse of FTX despatched shockwaves by way of the business in late 2022. Key Takeaways: Crypto VC funding surged 290% in Q3 to $4.65B, marking the strongest quarter since early 2023. Capital flowed primarily into stablecoins, AI, and…
The chapter property of the now-defunct cryptocurrency change FTX has determined to withdraw its movement geared toward limiting creditor distributions to sure “probably restricted international jurisdictions.” This choice follows substantial pushback from collectors and a wave of objections filed in chapter court docket. FTX Trust Abandons Controversial Plan The FTX Recovery Trust, which filed a…
Sam Bankman-Fried says FTX at all times had sufficient property to repay clients, claiming the alternate confronted a liquidity crunch relatively than a real steadiness sheet hole, and that present recoveries show his level. In a document dated Sept. 30, 2025, Bankman-Fried and his staff contend the $8b owed to clients on the time of…
Management of bankrupt crypto change FTX has issued a warning that collectors ought to watch out for phishing campaigns. Notably, this assertion comes after the FTX Recovery Trust commenced its third settlements distribution following the change’s surprising collapse in November 2022. Bad Actors Target FTX Creditors Via Phishing Scams Recent reports by Bitcoinist suggest that…
FTX Trust filed a lawsuit towards Genesis Digital, a former associate of the shuttered change. The Trust goals to claw again some $1.15 billion in misplaced funds, claiming that the transfers had been fraudulent. This isn’t the primary lawsuit of this nature, because the Trust tried to press comparable prices towards Binance final month. It’s…
The FTX Recovery Trust has filed a $1.15 billion lawsuit in opposition to the Bitcoin mining agency Genesis Digital Assets, alleging fraudulent transfers. The criticism, filed on Monday in U.S. Bankruptcy Court for the District of Delaware, alleges that Sam Bankman-Fried used misappropriated FTX buyer funds to buy Genesis Digital shares at “outrageously inflated costs”…
The FTX Recovery Trust is making ready a 3rd spherical of distributions to collectors, totaling $1.6 billion, because it continues efforts to return funds tied to the collapsed crypto change. Key Takeaways: The FTX Recovery Trust will distribute $1.6 billion to collectors on September 30, bringing complete payouts to $7.8 billion. US buyer claims will…