FTX has billions more than needed to repay bankruptcy victims

FTX	2024-5-8 09:56

Bankrupt cryptocurrency exchange FTX has amassed billions in extra money to fully repay its 2 million customers, marking a new twist in bankruptcy proceedings. Cryptocurrency exchange FTX which went bankrupt in late 2022 has accumulated billions more than it needs…

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billions ftx cryptocurrency exchange bankruptcy bankrupt repay

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Источник: btcmanager.com

billions ftx → Результатов: 56

Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison. FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25 years in prison.

2024-3-28 19:45	FTX
prison bankman-fried years sentenced ftx sam former

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FTX approved to liquidate $744M in Grayscale assets to pay creditors

In a significant move towards paying billions owed to creditors, FTX has gained bankruptcy court approval to begin liquidating its $744 million worth of stakes in digital trusts managed by Grayscale Investments.

2023-11-30 02:45	Grayscale
grayscale ftx creditors 744 million investments begin

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SBF Receives Blunt Accusation of ‘Plain and Simple’ Theft in FTX Case

FTX founder Sam Bankman-Fried is accused by the US Attorney of committing fraud, allegedly defrauding customers of billions for personal gain, leading to the collapse of the crypto exchange. The post SBF Receives Blunt Accusation of ‘Plain and Simple’ Theft in FTX Case appeared first on BeInCrypto.

2023-11-2 06:01	FTX News
ftx theft sbf case simple receives blunt

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Sam Bankman-Fried asked FTX attorney to ‘come up’ with legal argument for $8B hole

According to former FTX general counsel Can Sun, Bankman-Fried “was not surprised at all” that billions of dollars were missing.

2023-10-21 20:08	FTX
ftx bankman-fried surprised sun all billions missing

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FTX trial: FTX used billions in customer funds for Binance stake buyback

FTX is accused of using customer deposits to repurchase Binance stake. An accounting professor hired by the US Department of Justice reveals over a billion dollars came from customer funds for the share buyback.

2023-10-19 12:16	FTX
customer ftx binance stake buyback funds department

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FTX Used Billions in Customer Funds to Buy Back Binance Stake

Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.

2023-10-19 11:06
binance ftx received company had usd ftt

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The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways

Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX. US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried.

2023-10-17 16:30	sam bankman-fried
sam ftx bankman-fried trial billions loaning investing

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SBF Trial: FTX Exec Felt ‘Suicidal’ in Crypto Exchange’s Final Days

Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both companies’ balance sheets.

2023-10-17 13:00
ftx had spent billions realized firm alameda

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What we’ve learned from Sam Bankman-Fried’s trial so far

The trial of Sam Bankman-Fried, the founder of FTX, has presented a slew of astonishing revelations, ranging from SBF’s involvement in Washington to the purpose of the FTT token. Bankman-Fried stands accused of embezzling billions from FTX customers and investors,…

2023-10-11 15:52	sam bankman-fried
bankman-fried ftx trial sam token ftt stands

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Report: FTX employees were aware of Alameda’s backdoor code

Alameda Research used a secret backdoor in FTX to withdraw billions of dollars of customer funds, and some of the exchange's employees were aware

2023-10-5 15:07
alameda aware backdoor ftx employees funds dollars

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Sam Bankman-Fried Saw Missing FTX Billions as ‘Rounding Error,’ Biographer Says

Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.

2023-10-2 11:49	top news
ftx keep trump plan out billion-dollar exchange

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FTX CEO’s Asset Recovery Escalates As Sam Bankman-Fried Trial Looms

In a battle to recover billions of dollars following the collapse of FTX, Chief Executive and Restructuring Officer John J. Ray III, is intensifying efforts just weeks before FTX founder Sam Bankman-Fried faces trial in what has been labeled one of the largest financial frauds in American history.

2023-9-23 04:00	FTX
ftx sam trial bankman-fried founder faces intensifying

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The SBF Trial: How Did We Get Here?

Sam Bankman-Fried stands accused of committing wire fraud and conspiracy to commit several other types of frauds. His once-mighty crypto exchange, FTX, collapsed in dramatic fashion nearly a year ago, shedding billions in value.

2023-9-19 14:00	Newsletters
crypto exchange value once-mighty types frauds ftx

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FTX To Sell $3.4 Billion in Solana, Bitcoin, & Other Tokens

Court ruling allows FTX creditors to sell the bankrupt exchange's crypto assets worth billions, including Bitcoin and Solana.

2023-9-14 00:25	News
ftx solana bitcoin sell exchange crypto assets

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FTX Tweaks Crypto Sale Proposal to Placate U.S. Government

The bankrupt crypto exchange wants to sell off its billions of dollars in crypto before returning funds to creditors – but doesn’t want markets forewarned

2023-9-13 09:29	Bankruptcy
crypto returning dollars funds markets forewarned want

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Tron’s Justin Sun Mulls Over Making A Move On FTX’s Crypto Stash, Here’s Why

In a completely unexpected move, Justin Sun, Founder of Tron and Advisor to Huobi Global has expressed his interest in acquiring FTX’s considerable crypto assets worth billions of dollars. Justin Sun Considers Making A Bid For FTX Crypto Assets Justin Sun, Creator of Tron, one of the world’s largest blockchain ecosystems, has hinted at the possibility of acquiring the assets of insolvent crypto exchange FTX.

2023-9-13 00:00	tron news
ftx crypto sun justin tron assets acquiring

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FTX Holds $1.16B in SOL, $200M in Bahamas Real Estate, Court Filing Says

The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year.

2023-9-12 17:34	top news
filing says founder executives sam bankman-fried year

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Don’t Believe the FUD: Expert Explains Why FTX Liquidations Won’t Crash the Market

Doctor Profit, a crypto trader, recently took to Twitter to address the widespread concerns about FTX’s potential liquidation of assets worth billions on September 13th. According to @DrProfitCrypto, the fears surrounding this event are largely unfounded and are contributing to unnecessary market panic.

2023-9-11 16:30	Latest News
market ftx 13th according september assets worth

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Perfect Storm Brewing for Crypto Markets as dYdX, ARB & APT Unlocks Coincide With FTX and Gov Sales

As the year draws to a close, the cryptocurrency market is bracing for significant changes. Several major assets are set for large unlocks, potentially flooding the market with billions of dollars worth of tokens.

2023-8-26 01:57	Latest News
unlocks market major bracing significant several assets

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FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions

The bankrupt exchange wants to return funds to creditors in dollars without denting value.

2023-8-24 10:16	Bankruptcy
return funds wants exchange creditors dollars value

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FTX Accuses Former Top Officer Of Helping Sam Bankman-Fried Steal Customer Funds

According to a recent Bloomberg report, FTX Trading Ltd. , the bankrupt cryptocurrency exchange, is suing its former top compliance officer, Daniel Friedberg, accusing him of enabling the misuse of billions of dollars of customer funds by company founder and alleged fraudster Sam Bankman-Fried.

2023-6-28 21:00
customer funds ftx bankman-fried sam former officer

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Bankrupt FTX Spends $120 Million In Two Months, Where Did The Money Go?

It has now been seven months since FTX exchange filed for bankruptcy after a massive bank run and billions of dollars worth of user and creditor funds are still stuck on the platform. As the bankruptcy unfolds, the exchange seems to be bleeding even more money with none of it going back to creditors. So […]

2023-6-20 16:00	sam bankman-fried
money bankruptcy exchange ftx months platform unfolds

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Prosecutors uphold SBF charges as defense arguments dismissed

Prosecutors have requested a Manhattan federal court judge to deny FTX founder Sam Bankman-Fried's motion to dismiss criminal charges brought against him. Bankman-Fried is accused of embezzling billions of dollars from clients to cover losses at his hedge fund.

2023-5-30 15:43	United States
prosecutors bankman-fried charges embezzling billions uphold accused

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FTX Eyes $4 Billion in Clawback Claims From Bankrupt Crypto Lender Genesis

Bankrupt crypto exchange FTX is seeking to claw back billions of dollars from embattled crypto lender Genesis Global Capital. The post FTX Eyes $4 Billion in Clawback Claims From Bankrupt Crypto Lender Genesis appeared first on BeInCrypto.

2023-5-4 09:19
crypto bankrupt genesis ftx lender eyes claims

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FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.

2023-5-4 02:39
bankrupt ftx crypto claiming billions lender model

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SBF's inner circle received $3.2B, mainly from Alameda: Court filings

Billions worth of loans and payments flowed from FTX entities to Sam Bankman-Fried and five other former executives of FTX and Alameda Research.

2023-3-16 08:50
ftx alameda entities former executives research sam

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FTX presentation shows ‘massive shortfall’ in firm’s assets

FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO.

2023-3-3 02:35	Cryptocurrencies
ftx exchange uncovered fiat wallets accounts effort

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Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar

Crypto billionaires are among those that have suffered the worst from the crypto crash of 2022, seeing billions of dollars wiped from the value of their investments. As markets reeled from a string of big names in crypto filing for bankruptcy, such as Luna and FTX, and global economies struggling due to a raft of […] The post Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar appeared first on CoinJournal.

2023-2-6 17:25	Analysis
crypto markets billions billionaires metacade predict lose

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FTX: Alameda could borrow up to $65 billion without collateral

FTX's back door to Alameda gave the research arm access to borrow billions of customers fund without collateral The recovered funds are less than the assets that were supposed to be on both FTXThe post FTX: Alameda could borrow up to $65 billion without collateral appeared first on AMBCrypto.

2023-1-18 00:34	News
collateral ftx without alameda borrow could billion

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FTX Plans Billions of Altcoin Sell-offs, How Will Market React?

Bankrupt exchange FTX wants to sell $4.6 billion worth of altcoins to pay creditors

2023-1-12 16:24
ftx sell wants billion worth creditors pay

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SBF Lost Billions But Won’t Let FTX Creditors Touch his Robinhood Shares in Latest Filing

Former FTX founder Sam Bankman-Fried's lawyers have filed an objection to protect their client’s Robinhood shares from FTX bankruptcy estate. The post SBF Lost Billions But Won’t Let FTX Creditors Touch his Robinhood Shares in Latest Filing appeared first on BeInCrypto.

2023-1-7 22:09	FTX News
ftx shares robinhood latest sbf filing touch

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Companies and investors may need to return billions in funds paid by FTX

Billions of dollars paid in the months leading up to FTX’s bankruptcy may be returned to pay the crypto exchange’s creditors, according to an insolvency attorney.

2022-12-31 21:30	Binance
billions paid ftx may pay attorney returned

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FTX ambassadors and promoters face class action lawsuit

Financial watchdogs are seeking billions of dollars from the exchange's ambassadors to compensate investors.

2022-12-27 21:54	FTX
ambassadors dollars billions exchange investors compensate seeking

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Caroline Ellison admits to stealing billions of dollars from FTX customers

Caroline Ellison, the former CEO of Alameda Research, has admitted to deliberately deceiving lenders about loan amounts they took from FTX, along with co-founder Sam Bankman-Fried.

2022-12-24 15:00	sam bankman-fried
ftx caroline ellison loan amounts lenders along

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Caroline Ellison admits to concealing billions of dollars of FTX loans

FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on December 23. The post Caroline Ellison admits to concealing billions of dollars of FTX loans appeared first on CryptoSlate.

2022-12-24 04:33	Crime
dollars ftx caroline billions loans ellison admits

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Alameda could borrow unlimited amount of customer funds from FTX

Former Alameda CEO discloses details that led to the collapse of FTX during a plea hearing Caroline Ellison admitted that Alameda had given billions of dollars in loans to SBF and other FTX exeThe post Alameda could borrow unlimited amount of customer funds from FTX appeared first on AMBCrypto.

2022-12-24 22:54	google news
alameda ftx funds could customer borrow unlimited

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Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal.

2022-12-24 22:47	sam bankman-fried
alameda signed off sbf she ellison said

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Still Bullish: Billionaire Money Manager Bill Miller Maintains View Bitcoin Will Rise Again Despite FTX Chaos

Veteran investor Bill Miller is talking bitcoin again. Miller, who has managed billions of dollars worth of funds and allocated 1% of his net worth to Bitcoin, told Barron recently bitcoin has performed incredibly well in recent weeks despite the fallout from the industry-shaking collapse of Sam Bankman-Fried’s FTX exchange.

2022-12-23 23:58	xbtusd
bitcoin miller despite ftx worth again bill

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Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse

One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.

2022-12-22 14:19	Court
once america banks biggest again paid treatment

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Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost

Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36. 2 million and none of the top 50 creditors are considered “insiders. ” The total sum allegedly owed to the top 50 creditors is roughly $114 million.

2022-12-20 22:00	legal
creditors ftx unsecured million considered none sum

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CryptoSlate Wrapped Daily: SBF faces 8 criminal charges; Binance reportedly has billions in undisclosed reserves

The biggest news in the cryptoverse for December 13 includes the arrest of former FTX CEO Sam Bankman-Fried, the testimony of FTX’s new CEO John Ray on what led to the exchange’s failure and Binance reportedly having billions stored away in secret reserves.

2022-12-14 00:30	Wrapped
billions ceo ftx reportedly reserves binance testimony

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FTX Bankruptcy Managers Hire Forensic Investigators AlixPartners: WSJ

The team, led by former SEC accountant Matt Jacques, is tasked with tracking billions of dollars that disappeared from FTX.

2022-12-9 18:23	Business
ftx tasked jacques matt tracking billions disappeared

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Eightcap notes increase in crypto derivatives trading

November left its mark on crypto investors worldwide. After leaked Alameda Research’s (FTX’s sister hedge fund) balance sheets revealed billions of dollars' worth of FTX’s own token FTT was heldThe post Eightcap notes increase in crypto derivatives trading appeared first on AMBCrypto.

2022-12-9 16:15	SPN News
crypto eightcap trading ftx notes derivatives increase

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FTX engages forensic team to investigate missing funds

Financial forensic investigators have been hired by the new administration of FTX to trail lost customer funds worth billions of dollars.

2022-12-8 13:00	SEC
forensic funds ftx administration new trail customer

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FTX’s fiasco was unethical and illegal from the very beginning, says Michael Saylor

Michael Saylor says Sam Bankman-Fried was the poster child of the cryptocurrency community. Most of the people in the crypto world were guilty of the sin of shitcoinery, he added. Saylor is a Bitcoin maximalist and has bought bitcoins worth billions of dollars over the years.

2022-12-7 14:25	MicroStrategy
saylor says michael years added shitcoinery guilty

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Manage multiple wallets and private keys on Polygon’s MasterKey2.0

Billions worth of crypto assets disappeared on FTX Education about handling personal wallets needs to be improved MasterKey2. 0 was launched to protect crypto assets and private keys Billions worth of crypto assets disappeared on FTX, which was one of the biggest crypto exchanges in the world.

2022-11-28 13:45	Press Release
crypto assets disappeared private ftx wallets keys

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FTX faces scrutiny for $260 million donations to liberal PACs and organizations

The recent arrival in Washington had a talent for drawing attention. Or at least his money attracted the attention of many influential people—the billions of dollars made possible by his web of offshore businesses and his willingness to hand out…

2022-11-24 02:55	Web3
attention people billions many money attracted dollars

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Research: Genesis received over $1B worth of FTT from Alameda, FTX in last 3 months

An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year.

2022-11-22 22:48	USDT
research alameda ftx crypto ftt genesis received

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How FTX Went From Billions To $600,000 At Its Liquidation, New CEO Reveals Murky Facts

The FTX bankruptcy process has begun, led by the company’s new CEO, John Ray. After Sam Bankman-Fried, founder and former CEO of the company quit from duties and position, Ray took over the reins of the failed company.

2022-11-18 18:44	FTX
ceo company new ray ftx sam bankman-fried

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Минюст США назначил криптобирже Binance внешнего наблюдателя

Министерство юстиции США выбрало консалтинговую компанию Forensic Risk Alliance в качестве наблюдателя за деятельностью крупнейшей криптовалютной биржи мира Binance. Forensic Risk будет обязана мониторить работу торговой площадки на протяжении трех лет.

FTX And Alameda Ramp Up Liquidations; Almost $100 Million In Assets Sold In Just One Month

Managers of the collapsed crypto exchange FTX and its sister trading firm Alameda have undertaken substantial liquidations, selling off assets totaling over $100 million in just one month.

BlockFi partners with Coinbase to distribute assets recovered from FTX

Crypto lender BlockFi once valued at $3 billion is closing its website and taps Coinbase for distributions of funds recovered from bankrupt FTX. BlockFi, which emerged from bankruptcy in 2023 following a series of cascading bankruptcies associated with the collapse…

FTX Token (FTT) defies bearish market sentiment with 35% rally

On the heels of news that FTX customers may reimbursed in full, FTX Token (FTT) registered an impressive run over the past day. FTT is up by 35.6% in the past 24 hours and is trading at $2.16 at the…

FTX to pay out at least 118% of recognized claims to 98% of its creditors

FTX's reorganization plan promises 98% of creditors over 100% cash repayment, with a total distribution value up to $16.3 billion. The post FTX to pay out at least 118% of recognized claims to 98% of its creditors appeared first on Crypto Briefing.

Former FTX executive Ryan Salame forfeits $5.9m Bahamas mansion

Ryan Salame, the former co-CEO of FTX Digital Markets, has agreed to transfer his multimillion-dollar Bahamas home as part of a plea agreement in a criminal prosecution. According to a request filed by FTX Trading Ltd and connected debtors with…

2024-5-8 09:56

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