Sam Bankman-Fried Emerges From Two-Year Hiatus to Weigh in on DOGE

February 26, 2025 Bitcoin.com

bitcoin.com

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 […]

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$1,200,000,000 in Crypto Sent to FTX Creditors Through Kraken and Bitgo: Arkham

February 18, 2025 The Daily Hodl

BitGo

Creditors have begun receiving funds from the estate of bankrupt crypto exchange FTX, on-chain data shows. According to a new post on the social media platform X, blockchain analytics firm Arkham spotted the distributions going through Bitgo and US-based crypto exchange Kraken. “FTX USERS RECEIVING FUNDS Users with FTX claims of under $50,000 have started […]

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Bankrupt FTX Sets Initial Payout Date for 2025, Partners With Bitgo and Kraken

February 11, 2025 Bitcoin.com

Bankruptcy

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 […]

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Sam Bankman-Fried’s Parents Seeking Pardon for Imprisoned Son, in Talks With People Connected to Trump: Report

January 31, 2025 The Daily Hodl

Daily Hodl

The parents of former crypto golden boy Sam Bankman-Fried are reportedly taking steps to obtain US President Donald Trump’s pardon for their son. Citing a person familiar with the matter, Bloomberg reports that in recent weeks, Stanford Law School Professors Joseph Bankman and Barbara Fried met with lawyers and other figures considered close to Trump to discuss […]

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Crypto must avoid FTX 2.0 in the next bull run

January 29, 2025 Coin Telegraph

Blockchain

It’s time to prioritize governance, transparency and accountability — or we may face another catastrophic FTX-like collapse.

Opinion by: Debra Nita, associate director and head of growth at YAP Global

FTX’s collapse is a stain in crypto’s history, reminding us of the dangers of unchecked ambition and lack of accountability and governance controls. The company’s downfall catalyzed a loss of over $200 billion in the industry’s market capitalization. It also shattered public trust, painting crypto as fraudulent rather than transformative.

It was not crypto’s first rodeo. Similar patterns emerged in the Mt. Gox breach of 2014 and the 2017–2018 initial coin offering (ICO) craze. The industry has seen entities gain market share and influence in an environment that lacked oversight.

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Crypto Comeback: VC Investments Soar 46% in Q4 2024

January 18, 2025 Bitcoin.com

Bitcoin

In Q4 2024, venture capital (VC) firms invested $3.5 billion into crypto and blockchain startups, a 46% increase from the previous quarter. 2024: Weakest Year for Crypto VC Fundraising Venture capital (VC) firms poured $3.5 billion into crypto and blockchain-focused startups in the last quarter of 2024. The investment, 46% higher than the previous quarter, […]

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FTX to begin distributing $1.2B to creditors after Trump inauguration

January 13, 2025 Coin Telegraph

FTX to begin distributing .2B to creditors after Trump inauguration

Coin Telegraph

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

Update 11:00 am UTC: This article has been updated to include quotes from Philipp Zentner.

FTX is preparing to distribute more than $1.2 billion in repayments to the bankrupt former cryptocurrency exchange’s users.

FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying users who have been unable to access their funds for over two years.

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Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for $32,000,000

January 7, 2025 The Daily Hodl

Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for ,000,000

Backpack Exchange

Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID (Markets in Financial […]

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FTX’s payment plan is now effective — When will users see their funds?

January 4, 2025 Coin Telegraph

Bankruptcy

According to the plan, certain FTX users claiming less than $50,000 could expect to see their funds returned within 60 days.

The reorganization plan for defunct cryptocurrency exchange FTX, still going through bankruptcy proceedings, took effect on Jan. 3 and will allow users to begin receiving repayments.

In a Jan. 3 X post, FTX debtors said users requesting funds should be wary of phishing emails designed to look like they were sent from the exchange.

Customers need to have filed a claim through the official website to be eligible to receive reimbursement, which FTX said should happen within 60 days for the first group.

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Celsius to appeal order that disallowed its $444M claim against FTX

January 2, 2025 Coin Telegraph

Appeal

The crypto lender made two claims, both of which were dismissed for various reasons, including procedural shortcomings.

Collapsed crypto lending platform Celsius filed a notice of appeal against Judge John T. Dorsey’s order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case.

Celsius has been trying to claw back hundreds of millions from FTX, initially claiming $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. It later revised the claim to focus on “preferential transfers” that gave special treatment to some creditors and not others, claiming damages of $444 million.

Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim, which contained only a single sentence about investigating possible preference claims, were insufficient to preserve their preference claims.

FTX

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