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FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim classes move toward full or even excess repayment under the restructuring plan. FTX Sets March 31 Timeline for $2.2 Billion Creditor Payout Efforts to return funds to creditors … Read more
FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim classes move toward full or even excess repayment under the restructuring plan. FTX Sets March 31 Timeline for $2.2 Billion Creditor Payout Efforts to return funds to creditors … Read more
U.S. prosecutors are urging a federal judge to reject Sam Bankman-Fried’s attempt to secure a new trial, arguing his latest claims recycle arguments already rejected by a jury that convicted him of orchestrating a multi-billion-dollar cryptocurrency fraud. Prosecutors Reject SBF Claim FTX Was Solvent as Retrial Battle Begins Federal prosecutors in the Southern District of … Read more
Sam Bankman-Fried has filed a pro se motion for a new trial in federal court, arguing newly discovered evidence and alleged constitutional violations warrant revisiting his FTX fraud conviction. First reported by Inner City Press, the motion was docketed Feb. 10 in the U.S. District Court for the Southern District of New York, according to … Read more
Backpack, founded by former FTX employees, secures a reported $1 billion valuation and unveils a staged 1‑billion‑token launch tied to a U.S. Initial Public Offering (IPO). Backpack, a crypto exchange founded by former FTX employees, is reportedly in talks to raise $50 million and has reached a $1 billion valuation, aiming to expand tokenized asset … Read more
Former Alameda Research CEO Caroline Ellison has been moved from Danbury FCI to community confinement after serving 11 months of her two‑year sentence, a shift the Bureau of Prisons confirmed without disclosing her location. Ellison Moved to Halfway House Caroline Ellison, the former CEO of the defunct venture capital firm Alameda Research and key witness … Read more
Sam Bankman-Fried is appealing his FTX conviction, arguing he was denied a fair trial due to media bias, prosecutorial overreach, and alleged misconduct by Judge Lewis Kaplan. Allegations of a Tainted Trial Environment Sam Bankman-Fried, co-founder of the collapsed cryptocurrency exchange FTX, is set to argue before a three-judge panel in the 2nd U.S. Circuit … Read more
The fallen FTX founder Sam Bankman-Fried is back on X, insisting his collapsed exchange wasn’t actually insolvent. He’s now claiming that outside lawyers strong-armed the company into filing for bankruptcy. Critics Torch Sam Bankman-Fried’s Latest Claims “FTX was never bankrupt, even when its lawyers shoved it into bankruptcy,” declared a document shared from Sam Bankman-Fried’s … Read more
In a new prison interview with the conservative X account @amuse, Sam Bankman-Fried argues FTX “was never insolvent,” contending assets exceeded liabilities at filing and that bankruptcy professionals destroyed value instead of preserving it. SBF Faults Lawyers, Regulators in New Interview—Skeptics Cite User Funds and Risk In the interview—titled “FTX Was Never Insolvent: My Prison … Read more
At least one former officer once employed at the same low-security facility Sam Bankman-Fried is currently imprisoned in was found guilty of smuggling a cellphone on behalf of an inmate in 2014. Exactly How Is SBF Tweeting From Behind Bars? Sam “SBF” Bankman-Fried is tweeting again. The disgraced CEO and founder of the now bankrupt … Read more