In a major win for FTX customers, a judge has approved the bankruptcy plan that will enable the exchange’s users to recover their funds. The decision comes as a relief to the thousands of individuals who were left in limbo when the cryptocurrency exchange filed for bankruptcy earlier this year. With the approval of the… Continue reading FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan
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Former FTX CEO Sam Bankman-Fried’s bail revoked ahead of October trial
The former CEO of the cryptocurrency derivatives platform FTX, Sam Bankman-Fried, is facing trial this October and will not be able to get out on bail. It is a significant development in the case as the high-profile crypto executive is accused of operating a fraudulent scheme to defraud investors of more than $27 million. The… Continue reading Former FTX CEO Sam Bankman-Fried’s bail revoked ahead of October trial
FTX co-founder Sam Bankman-Fried is back in the US, released on $250 million bail
Sam Bankman-Fried, the co-founder of crypto derivatives exchange FTX, was recently released from US federal custody on a $250 million bail after having been detained at an immigration detention center in Florida. Bankman-Fried had been in detention since February, when he surrendered to authorities as part of a deal negotiated by his lawyers and Immigrations… Continue reading FTX co-founder Sam Bankman-Fried is back in the US, released on $250 million bail