FTX

Sam Bankman-Fried’s prison sentence reduced by over four years

May 27, 2025 1 min read

Sam Bankman-Fried, the former CEO of FTX, may not serve the full 25-year sentence he received for crypto fraud. According to Business Insider, the Bureau of Prisons (BOP) suggests that he could be released as early as December 14, 2044, which would be more than four years earlier than his original sentence. This potential reduction is attributed to factors such as good conduct credits, time already served, and participation in

FTX is set to distribute over $5 billion to creditors starting May 30, 2025

May 16, 2025 1 min read

FTX is preparing to initiate its second round of creditor payouts on May 30, aiming to distribute over $5 billion to eligible claimants, as announced by the company. This payout will be processed through either BitGo or Kraken, with payments expected to reach recipients within one to three business days. This upcoming distribution is part of FTX’s ongoing bankruptcy proceedings and follows the initial payouts that began in February for

Crypto Buzz Builds: Ethereum and XRP Advance While BlockDAG Hits $212M After Keynote 3

April 6, 2025 5 mins read

Ethereum (ETH) is gaining renewed attention as reduced supply from staking adds upward pressure on prices. XRP is also gaining traction after Ripple’s $50 million deal with the SEC, sparking positive sentiment and hopes for growth in April. Both assets are gaining momentum, but neither has matched the progress BlockDAG (BDAG) is showing. BlockDAG is attracting attention thanks to confirmed development milestones and over $212 million raised during its presale.

A U.S. court approves Three Arrows Capital’s request to raise its FTX bankruptcy claim to $1.53 billion

March 15, 2025 2 mins read

Three Arrows Capital (3AC) has achieved a significant legal victory in its case against FTX. A U.S. bankruptcy court has approved 3AC’s request to raise its claim in FTX’s bankruptcy from $120 million to $1.53 billion. This increase is based on new evidence showing that 3AC had much larger financial dealings with FTX than previously reported. The expanded claim includes allegations of breach of contract, breach of fiduciary duty, and

Sam Bankman-Fried claims FTX could have been worth $93 billion

March 7, 2025 2 mins read

Sam Bankman-Fried, the former CEO of FTX, recently gave his first video interview from prison with Tucker Carlson. He is serving a 25-year sentence for his role in the collapse of FTX. In the interview, he defended his actions and beliefs, claiming that FTX would still be successful if not for outside interference. He stated that the exchange could have had $93 billion in assets, contrasting with its $15 billion

The parents of former FTX CEO seek to get their son a presidential pardon

February 1, 2025 1 min read

Sam Bankman-Fried’s parents are trying to secure a presidential pardon for their son from Donald Trump. Joseph Bankman and Barbara Fried, both law professors at Stanford, have met with lawyers and Trump administration members to discuss this matter. Their son is currently serving a 25-year prison sentence after being convicted of fraud. He was sentenced in March 2023, following the bankruptcy of his cryptocurrency platform, FTX, in 2022. This effort

Kraken starts notifying customers about the distribution of FTX claims

January 11, 2025 1 min read

Kraken has started distributing claims for creditors of the collapsed cryptocurrency exchange, FTX. This announcement comes from Sunil, an FTX creditor activist. Creditors who opted for Kraken to manage their claims are receiving emails confirming the completion of the onboarding process. This marks an important step in repaying creditors after FTX’s bankruptcy in 2022. BitGo, another company assigned to handle claims, will begin its distribution process soon, although no specific

France authorities intensify efforts to curb burgeoning crypto scams

December 29, 2024 1 min read

Cryptocurrency popularity in France has led to more financial scams, causing authorities to take urgent steps to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, is very concerned about the increase in scams involving fake crypto investments. Recent reports show that victims of fake savings accounts lost about €69,000, while those impacted by fake loans lost around €19,000. Crypto-asset scams have increased

Speculation rises over a potential presidential pardon for Sam Bankman-Fried

December 28, 2024 1 min read

There is growing talk about a possible presidential pardon for Sam Bankman-Fried, the former FTX founder who was recently found guilty of fraud and money laundering and given a 25-year prison sentence. His case has led to a lot of discussion, especially because of his large political donations, like a $5.2 million contribution to pro-Biden super PACs in 2020, which makes him the second-largest individual donor to the Democratic Party

Rumors of a presidential pardon for FTX’s Sam Bankman-Fried spark outrage

December 24, 2024 1 min read

Sam Bankman-Fried, the ex-CEO of the bankrupt cryptocurrency exchange FTX, is being talked about in relation to a possible presidential pardon after receiving a 25-year sentence for fraud and embezzlement. SBF was convicted in November 2023 on several charges. His case has sparked talks about how political ties can affect court decisions, especially because he donated a lot to the Democratic Party, including $5.2 million to pro-Biden super PACs during

FTX will begin creditor repayments on January 3, 2025

December 17, 2024 1 min read

FTX will start its Chapter 11 reorganization plan on January 3, 2025, and expects to repay creditors in about 60 days. The company has partnered with BitGo and Kraken to help distribute funds, offering some hope for those impacted by its earlier collapse. Creditors who qualify need to provide tax documents and sign up on one of the platforms to get their repayments. Payments will go to the official transferee

How Qubetics Presale Achieves 703% ROI Potential, Cosmos Boosts Adoption with Cross-Chain Pools and Polygon Attracts Top Developers

December 11, 2024 6 mins read

Are you searching for the best altcoins to buy this month but unsure where to start? With the crypto market buzzing with updates, keeping track of standout projects can be challenging. Recently, Cosmos and Polygon have been making headlines for their advancements, while Qubetics ($TICS) is grabbing attention for its presale and cutting-edge features. What makes Qubetics worth exploring? Unlike its competitors, it is solving practical challenges in cryptocurrency usability,