The FTX estate plans to start distributions by March 2025

FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC verification and submit tax forms to receive payments.

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Another $11b for FTX users as Alameda founder sentenced; SOL surge incoming

The founder of Alameda has been sentenced, and FTX users are receiving $11 billion in payments: will this lead to a surge in SOL's price? #partnercontent

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Money20/20: exchanges are navigating regulation and building trust

The global head of banking and payments at Kraken Kaushik Sthankiya and the president of the CoinW exchange Sonia Shaw discuss the state of cryptocurrency exchanges at the Money20/20 event in Amsterdam.

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FTX's Sam Bankman-Fried Sentenced to 25 Years in Prison, Dogecoin Dev Speaks on DOGE Payments on X, SHIB Price History Hints at Double-Digit Gains in April: Crypto News Digest by U.Today

Read U.Today's news digest to find out about latest events in crypto industry!

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Worldcoin’s 200% rally offers boon to FTX, 3AC creditors

Worldcoin’s 200% surge in the last week looks likely to buffer crypto creditor payments for investors in Three Arrows Capital and FTX, although a token unlock may induce sell pressure. 

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FTX is ready to sell Grayscale and Bitwise trust assets

Bankrupt crypto exchange FTX filed in Delaware bankruptcy court to sell certain trust assets worth about $744 million owned by Grayscale and Bitwise. According to a joint statement from FTX and its debtors, this initiative will help prepare for payments…

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FTX probes $6.5m payments to Center for AI Safety

Bankrupt crypto exchange FTX seeks details about the millions of dollars it had earlier donated to the Center for AI Safety (CAIS). New details were revealed in an Oct. 25 filing in a Delaware Bankruptcy Court. FTX’s legal team stated…

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FTX probes $6.5M in payments to AI safety group amid clawback crusade

Bankrupt crypto exchange FTX wants to look into the millions it has given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next to pandemics and nuclear war.

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FTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami Heat

FTX laid out the millions it paid to the likes of Shaquille O’Neal, Naomi Osaka and other high-profile people it’s looking to get back.

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FTX court filing reveals former Alameda CEO’s $2.5M yacht purchase

The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year before the crypto exchange collapsed.

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Bankrupt FTX sues Sam Bankman-Fried for $71M to recover ‘political capital’ payments

Bankrupt exchange FTX filed a lawsuit against Sam Bankman-Fried, FTX Foundation, and several other entities to recover over $71 million, according to a July 19 court filing. FTX alleged that Latona, a sham non-profit company in the Bahamas, in compliance with the FTX Foundation, took over $71 million in commingled funds from Alameda and FTX […] The post Bankrupt FTX sues Sam Bankman-Fried for $71M to recover ‘political capital’ payments appeared first on CryptoSlate.

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Payments Firm Nuvei’s Ties With FTX Questioned in Spruce Point Capital Report

Nuvei (NVEI) shares could face as much as 50% long-term downside in part thanks to its connection with fallen crypto exchange FTX, said Spruce Point Capital Management in a report released on Tuesday morning.

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FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says

The failed crypto exchange made a total of $3.2 billion in payments to Bankman-Fried and other key employees.

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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.

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Coinbase Halts Payments With Crypto Friendly Bank Silvergate

Silvergate Bank is still suffering from the aftermath of the FTX collapse; it admitted to the SEC yesterday that it was uncertain about its ability to continue operating. Silvergates Insolvency...

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Signature Bank Sued for 'Substantially Facilitating' FTX Comingling

Signature "knew of and permitted the commingling of FTX customer funds within its proprietary, blockchain-based payments network, Signet," according to a court filing.

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BlockFi to file assets and liabilities following bankruptcy declaration

BlockFi has announced that it will disclose its assets, liabilities, and payments received prior to its bankruptcy filing in November 2022. Last year, FTX, Celsius Network, and Voyager Digital The post BlockFi to file assets and liabilities following bankruptcy declaration appeared first on AMBCrypto.

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Crypto Trading Firm Auros, Hit by FTX Collapse, Discloses Provisional Liquidation

The move, granted by a British Virgin Islands court in November, allows officials to seek restructuring advice. Auros missed payments on $17.7 million of loans from lending pools on bad debt-ridden protocol Maple Finance.

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FTX bears the brunt of SBF's decisions as it attempts to reclaim these funds

FTX undertaking legal action to recoup payments by companies and former employees FTX plans to file lawsuits in case of failure on the part of political parties to return the donations CryptThe post FTX bears the brunt of SBF's decisions as it attempts to reclaim these funds appeared first on AMBCrypto.

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FTX Will Look to Retrieve Voluntary Payments From Third Parties, Possibly Including SBF's Political Donations

Bankrupt crypto exchange FTX will attempt to recoup voluntary payments made to third parties prior to its collapse, pursuing them in court if necessary. These payments may include founder and former CEO Sam Bankman-Fried's political donations in recent years.

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FTX warns it will claw back political donations and contributions

The exchange has warned those who received payments from FTX or its former executives that it’s looking to recover funds, even if they were donated to charity.

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FTX Resumes Payments to Employees And Contractors Pending Bankruptcy Hearings

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The latest on FTX, John Ray III, and his attempts to pacify the ongoing outrage

On 28 November, bankrupt cryptocurrency exchange FTX announced that it will "resume conventional" cash payments, salaries, and benefits to its remaining staff members worldwide. The announcement was mThe post The latest on FTX, John Ray III, and his attempts to pacify the ongoing outrage appeared first on AMBCrypto.

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FTX reassures staff and contractors, resumes ordinary payments

John Ray III, the new FTX CEO, is looking to assist FTX and its approximately 101 affiliated companies (FTX Debtors) work their way through the bankruptcy court.

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Korean crypto exchange GOPAX halts Genesis-backed DeFi amid FTX crisis

South Korean crypto exchange GOPAX has announced suspending principal and interest payments in its DeFi service GOFi, which brokers products from global crypto lender Genesis Global Capital.

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Bridge Network, backed by FTX, Reveals Plans For Multichain Non-Custodial Payment Solution

A non-custodial multichain payment product will be introduced, according to Bridge Network, to address crypto off-ramps in underserved areas. The product will enable risk-free and secure cryptocurrency payments in the real world by allowing users to fund their cards directly from web 3 wallets across any chain.

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FTX Forges New Partnership With Visa To Enable Crypto Payments In 40 Countries

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FTX and Visa partner to permit crypto payments in 40 countries

The FTX token surged over 7% on the news that Sam Bankman-Fried’s company, FTX, would roll out a debit card in partnership with payments giant Visa.

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Crypto Exchange FTX's Token Surges 7% After Visa Partnership Report

FTT, the native token of the FTX exchange, has surged 7% following a partnership with payments giant Visa.

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CryptoSlate Wrapped Daily: Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console

The biggest news in the cryptosphere for September 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchdog and largest bank reached to use crypto for international payments, and the indefinite close-up of the banks in Lebanon which pushed the Lebanese to turn to crypto.

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FTX CEO: Blockchain can make social media interoperable

Sam Bankman-Fried explained how blockchain can change payments, tokenize shares and make social media interoperable.

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FTX Founder Downplays Bitcoin’s Chances as an Efficient Payments Network

FTX’s founder has taken a swipe at Bitcoin (BTC) over its inefficiency in settling transactions and has thrown his weight behind the proof-of-stake (PoS) consensus mechanism. The post FTX Founder Downplays Bitcoin’s Chances as an Efficient Payments Network appeared first on BeInCrypto.

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FTX CEO sees no future in Bitcoin payments, community fires back

FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times.

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Bitcoin has no future as a payments network, says FTX CEO

Many consider Bitcoin to be a payments network, but Sam Bankman-Fried doesn’t think so.… The post Bitcoin has no future as a payments network, says FTX CEO appeared first on Coin Journal.

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Mobile banking app Dave scores $100M investment from FTX US

Dave is the latest in a series of fintech payments apps to offer crypto services, following PayPal, Venmo and Cash App.

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FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments

FTX US will serve as the exclusive partner for any crypto offerings offered via Dave.

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Stripe, FTX Partner For Bitcoin Business Payments

Stripe launched business infrastructure to support cryptocurrencies allowing businesses to transact and scale with Bitcoin.

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FTX Picks Stripe to Build Payments and Risk Mitigation Feature

Stripe’s platform will enable a new fiat-to-crypto on-ramp for the rapidly-growing exchange.

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NASDAQ-Listed Nuvei Partners with FTX Exchange: Details

Nuvei payments application has entered into a long-term partnership with leading centralized cryptocurrency exchange FTX

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FTX Teams With Circle for Payments and USDC Infrastructure

As per the terms of the global partnership, FTX has already integrated Circle APIs and debuted USD Coin (USDC) payments. The post FTX Teams With Circle for Payments and USDC Infrastructure appeared first on BeInCrypto.

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Binance Sinks Funds in FTX Platform and Invades Australia with Online Bitcoin Trading

Coinspeaker Binance Sinks Funds in FTX Platform and Invades Australia with Online Bitcoin TradingBinance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm and has also expanded its services into Australia by partnering with POLi Payments.

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