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Latest FTX News Market Updates

Top FTX Creditors’ Representative Shares Update on Countries Restricted from Repayments

Sunil Kavuri, a major representative of one of FTX’s creditor groups, has shared a fresh update about countries restricted from the defunct exchange’s repayment.  In...

Backpack Exchange Takes Over FTX EU for Q1 Relaunch, Vows Swift Customer Refund

The Backpack crypto exchange has acquired the European arm of the collapsed FTX exchange, FTX EU, and is planning a first-quarter launch.  Backpack CEO Armani...

FTX Resumes Customer Repayment for Convenience Class

Defunct cryptocurrency exchange FTX has resumed its customer recuperation process, targeting the convenience class in the initial distribution. The FTX bankruptcy estate kicked off its...

FTX Reveals Distribution Date for $16B Repayment to Users

FTX approaches the end of its bankruptcy process as it unveils a new date for $16 billion reimbursement to creditors. The FTX bankruptcy estate announced...

FTX Unstakes Over 178,000 Solana Tokens Amid Bankruptcy Reorganization Approval

FTX continues its regular monthly Solana redemptions following a U.S. court's approval of its reorganization plan. Early on October 15, FTX’s staking address, linked to...

Bankruptcy Judge Gives FTX Approval to Repay $16B to Users

U.S. District Judge John Dorsey approves FTX’s reorganization plan, paving the way for the distribution of $16 billion to customers of the exchange.  The judge...

Here’s When FTX Creditors With Claims of Under $50K Could Receive Compensation

A recent filing in the FTX bankruptcy case indicates that a court hearing to confirm the reorganization plan will be held on October 7.  Prominent...

Court Sentences FTX/Alameda Exec Caroline Ellison to 24 Months in Prison

U.S. District Judge Lewis Kaplan sentences Caroline Ellison, a former Alameda Research executive FTX founder SBF's ally, to two years in prison, ordering her...

Sam Bankman-Fried Requests New Trial in New Appeal Filing

Former FTX CEO, Sam Bankman-Fried, alleges that he was mistried during the last court proceeding, requesting a new hearing in his latest appeal filing. The...

FTX/Alameda Moves 231 BTC, Sending 200 BTC to Coinbase

A wallet linked to Alameda Research has transferred a large amount of Bitcoin, as reported by blockchain security firm PeckShieldAlert.  Approximately 231.4 BTC, valued at...

Court Sets Sentencing Hearing Date for Former FTX Exec Caroline Ellison 

A Manhattan federal court schedules the sentencing hearing date for former FTX and Alameda executive Caroline Ellison.  Ellison’s sentencing hearing will be held on September...

What the Crypto Market Could Experience as FTX Prepares to Repay Creditors $16B

Crypto investors express mixed reactions as popular defunct exchange FTX prepares to repay $16 billion to creditors by next quarter.  As investors anticipate FTX’s repayment...

FTX Founder Seeks Reversal of 25-Year Prison Sentence and Fraud Conviction

Lawyers representing Sam Bankman-Fried (SBF), the founder of now-defunct crypto exchange FTX, have filed an appeal notice, seeking to reverse his fraud conviction and...

Court Set to Announce FTX Founder Prison Sentence, as Prosecutor Argues For 50 Years Jail Term  

The highly anticipated sentencing of former FTX founder Sam Bankman-Fried (SBF) is scheduled to take place today at 13:30 (UTC).  According to CNBC reporter MacKenzie...

Ripple CTO Issues Crucial Warning About an Ongoing Scam

The Ripple CTO David Schwartz has warned investors about an ongoing scam targeting users of the defunct crypto trading platform FTX. As bankrupt cryptocurrency exchange...

From XRP Ruling to Zhao’s Resignation as Binance CEO, Here are Major Crypto Developments of 2023

In 2023, the crypto industry witnessed the resignation of Binance founder Changpeng Zhao as CEO, the arrest and prosecution of notable names such as...

New Court Document Shows Ripple to Claim Over $11M Worth of FTX Assets

A new court document shared by popular XRP proponent @WKahneman shows that Ripple Singapore would claim a whopping $11.4 million worth of FTX assets. In...

Deaton Composes Special Message For FTX Founder Amid Solana Rally

Attorney John Deaton has taken a swipe at FTX founder Sam Bankman-Fried after the exchange’s Solana holdings soared from $1B to $6B.  Solana (SOL) is...

FTX Bankruptcy Fees Surpass Amount Owed to Creditors 

A recent court filing shows that defunct crypto exchange FTX is more indebted to its bankruptcy lawyers than its creditors.    According to recent compensation...

FTX Gets Court Authorization to Liquidate $744 Million in Grayscale Assets

The embattled crypto trading platform FTX has secured bankruptcy court authorization to initiate the sale of its stakes in digital trusts under the management...