FTT

Former Alameda to hand over bulk of her assets to settle FTX lawsuit

October 10, 2024 1 min read

Caroline Ellison, the former co-CEO of Alameda Research, has reached a settlement with the FTX bankruptcy estate, agreeing to transfer most of her assets to help resolve a lawsuit stemming from FTX’s collapse. In a recent court filing, it was revealed that Ellison will hand over nearly all her assets, excluding those already forfeited to the government or used for legal expenses. Additionally, she has committed to cooperating fully with

Former Alameda CEO Caroline Ellison sentenced to 2 years in prison for her role in FTX’s fraud

September 26, 2024 1 min read

Caroline Ellison, the ex-CEO of Alameda Research, has been sentenced to two years in prison for her part in the FTX fraud scandal. She cooperated with authorities against Sam Bankman-Fried (SBF), who got 25 years, but the judge emphasized the seriousness of the fraud. Ellison admitted to misusing billions in customer deposits and despite recommendations for no prison time, the judge felt a sentence was necessary. As she starts her

The US SEC raises objections to FTX’s bankruptcy plan, citing legal concerns

September 3, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has raised concerns regarding FTX’s proposed bankruptcy restructuring plan, despite receiving significant support from creditors. The SEC may raise objections to the ratification of the proposal unless certain adjustments are implemented, which represents a substantial obstacle for the ailing cryptocurrency exchange. Additionally, the SEC has demanded the removal of the discharge provision and offered additional modifications to the plan and the proposed confirmation

Former FTX executive Ryan Salame challenges his conviction, claiming prosecutors broke their deal

August 22, 2024 1 min read

Ryan Salame, a former executive of FTX exchange, is appealing to a US judge to review his conviction, alleging that US prosecutors violated their agreement to cease pursuing his partner, Michelle Bond. Salame contends that this violation of the agreement should exclude any additional charges against Bond, emphasizing the conflicts arising from the plea deal he agreed to. According to his legal team, the government reneged on its promise to

FTX’s FTT token falls by over 40% as the exchange relaunch denied

February 1, 2024 1 min read

FTX exchange of Sam Bankman-Fried has pledged to fully reimburse customers and creditors affected by its current bankruptcy proceedings. The company assured the overseeing judge that affected individuals, if they could prove their losses, would receive their entire investment. However, the promise of complete asset recovery is not without caveats. The reimbursement values are linked to the official declaration of bankruptcy by FTX, which occurred during a period of turbulent

Former FTX CEO Sam Bankman-Fried Denied Sentencing Delay and Faces Up to 110 Years in Prison

December 21, 2023 1 min read

Judge Lewis Kaplan denied former FTX CEO Sam Bankman-Fried a sentencing delay on Wednesday, adding to the legal saga surrounding him. Bankman-Fried’s legal team had asked for more time to prepare for his sentencing and possibly another trial. However, his request for an extension was denied, paving the way for his sentencing on March 28. The ex-CEO faces a sentence of up to 110 years in prison. The defense team

Nearly $23.59 million was transferred across 19 different tokens via the FTX-affiliated wallets

December 10, 2023 1 min read

Over four days, $23.59 million in crypto was transferred from wallets associated with the now-defunct FTX and Alameda Research to major crypto exchanges. The transactions, which were tracked by blockchain analytics firm Spot On Chain, revealed significant movements from insolvent organizations totaling $591 million in 59 different tokens since October 24. FTX-affiliated wallets distributed nearly $23.59 million in 19 different tokens alone. These assets were distributed to prominent exchanges such

FTT Token Experiences 72% Rally Following SEC Chair’s Supportive Statement on FTX

November 10, 2023 1 min read

FTT, the native token of the bankrupt FTX crypto exchange, experienced a remarkable surge of over 72% in response to comments from SEC Chair Gary Gensler hinting at the potential revival of the exchange, albeit within legal boundaries. Gensler’s statements followed speculation about three potential buyers eyeing FTX, including Bullish, a crypto exchange backed by former NYSE president Tom Farley. While none of the potential buyers have expressed interest in

Ren Protocol to Transfer Crypto Assets to FTX Debtors’ Wallets in Shutdown Contingency Plan

April 13, 2023 1 min read

Cross-chain bridge platform Ren Protocol has announced that it will be moving all of its crypto assets to FTX debtors’ wallets. This move was authorized and directed by FTX, Alameda Research, and other affiliates who acquired Ren Protocol in 2022. The decision to transfer assets to FTX debtors’ wallets was made to ensure that debtors can safeguard their assets in the event of a potential shutdown of Ren Protocol’s systems