No, FTX distribution payments do not begin on September 30
According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms. Go to Source
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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. Go to Source
Suze Orman Recommends BTC: ‘Everybody Should Absolutely Have Exposure to Bitcoin’
Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman … Read more
Breaking: Caroline Ellison sentenced to 2 years in prison
The former head of Alameda Research will serve her sentence in a minimum-security prison. Go to Source
Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence
On 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 … Read more
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. Go to Source
Crypto PR exec relishes ‘skepticism’ around crypto marketing
Serotonin CEO Amanda Cassatt pointed out that marketing is “a mechanism for perpetrating the fakery and the scams.” Go to Source
What to expect at Caroline Ellison’s sentencing hearing
The former Alameda Research CEO’s lawyers have requested time served, and prosecutors seemed flattering in their sentencing memo, but what will Judge Lewis Kaplan say on Sept. 24? Go to Source
Tether’s transparency and business structure raises $118B FTX-like concerns
Tether’s market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influencer over the crypto industry. Go to Source
Silvergate Capital files for Chapter 11 bankruptcy in Delaware
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million. Go to Source
