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FTX creditors only getting ’10-25% of their crypto back’ — creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. 

FTX creditors will only get 10-25% of their cryptocurrency back, according to newly revised bankruptcy documents shared by FTX creditor Sunil Kavuri.

The FTX creditor-activist explained that the creditors would receive reimbursements according to the petition date when cryptocurrency prices were much lower than today. To put this into perspective, the price of Bitcoin (BTC) was approximately $16,000 at the time the legal petition was filed.

The decision to reimburse creditors and customers using petition date prices sparked outrage among FTX creditors, Kavuri told Cointelegraph:

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Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Implosion: Report

Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Implosion: Report

The former CEO of FTX sister company Alameda Research reportedly received a sentence of two years in prison on Tuesday. Caroline Ellison, who is one of disgraced FTX founder Sam Bankman-Fried’s top advisors and ex-girlfriend, served as star witness in the FTX trial that ended with the former crypto golden boy’s conviction on seven counts of […]

The post Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Implosion: Report appeared first on The Daily Hodl.

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence

Ex-Alameda CEO Caroline Ellison Receives 24-Month SentenceOn Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court, saying, “I’ve seen a lot of cooperators in […]

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

SBF’s neurodivergence saw him ‘misinterpreted’ at trial, doctors argue

The court and jury could have misunderstood Sam Bankman-Fried’s behavior during his criminal trial due to his autism and attention deficit disorders, doctors wrote in a recent amicus brief.

Sam Bankman-Fried’s criminal trial could have been hurt because of his neurodivergence disorders, leading to “longwinded answers” that frustrated the court, says a group of doctors in an amicus brief supporting his appeal. 

The FTX co-founder is diagnosed with autism spectrum disorder (ASD) and attention-deficit/hyperactivity disorder (ADHD) that “posed serious challenges during proceedings in this case,” eight doctors focused on the field of neurodivergence told the Second Circuit Appeals Court in a Sept. 20 amicus brief supporting Bankman-Fried.

They claimed several rulings were detrimental to Bankman-Fried “because of his neurodivergence,” in particular the Manhattan district court’s ruling that government prosecutors could cross-examine him without a jury before he sat before jurors. 

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Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

FTX Founder Sam Bankman-Fried Demands New Trial, Says Judge Presumed Guilt and Derided Him in Front of Jury

FTX Founder Sam Bankman-Fried Demands New Trial, Says Judge Presumed Guilt and Derided Him in Front of Jury

Disgraced FTX founder Sam Bankman-Fried is calling for a new trial, alleging that everyone including the presiding judge had already presumed his guilt before his legal battle even started. In a new filing with the US Court of Appeals for the Second Circuit, lawyers for Bankman-Fried say that their client witnessed nothing but one-sided rulings […]

The post FTX Founder Sam Bankman-Fried Demands New Trial, Says Judge Presumed Guilt and Derided Him in Front of Jury appeared first on The Daily Hodl.

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence

Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison SentenceCaroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance of responsibility for her actions. Caroline Ellison’s Lawyers Push for No Jail Time in FTX Fraud Case In […]

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors

FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal ErrorsSam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judge. Sam Bankman-Fried’s Appeal Targets Conviction Over Alleged Legal Missteps In an appeal filed with […]

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents

FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents

New court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later this month for her role in the multi-billion-dollar downfall of the crypto exchange in 2022. According to new court filings, Ellison – who once was the girlfriend of jailed FTX co-founder Sam Bankman-Fried and the CEO of FTX’s sister […]

The post FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents appeared first on The Daily Hodl.

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

9 months after SBF conviction, Peter Singer defends effective altruism in debate

According to the prominent voice for effective altruism, Sam Bankman-Fried’s version of the philosophy was only one among many.

When former FTX CEO Sam Bankman-Fried was convicted of fraud in November 2023, many critics blamed his ethical philosophy, effective altruism, for his wrong turn in life.

But in a video debate published on Aug. 28 by the nonprofit organization Open to Debate, philosopher Peter Singer defended effective altruism, claiming that Bankman-Fried was an advocate of the “earn to give” movement, which makes up just a small part of the philosophy’s community.

According to Singer, effective altruism is the view that human beings have a moral responsibility to alleviate suffering in the world, but also to make sure that they do so efficiently and rationally.

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Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup

US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims

US Court Orders Bankrupt Crypto Exchange FTX To Pay ,700,000,000 to Former Customers and Fraud Victims

A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered losses when the company collapsed in 2022. In a new statement, the Commodity Futures Trading Commission (CFTC) says the order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement to further […]

The post US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims appeared first on The Daily Hodl.

Former Goldman Sachs Executive Sees One Memecoin Repeating XRP’s Explosive Gains After Bullish Setup