Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering

abcnews.go.com Former Binance CEO Changpeng Zhao has been sentenced to four months in prison for allowing rampant money laundering on the world’s largest cryptocurrency exchange SEATTLE --…

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

apnews.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

Will Sam Bankman-Fried Have A Second Act?

dealbreaker.com In late March, Sam Bankman-Fried was sentenced to 25 years in prison for defrauding investors and customers of his cryptocurrency exchange FTX. In addition to the relatively…

FTX says it plans to pay back most customers

cbsnews.com FTX says it plans to pay back most customers FTX says most of its customers will receive some of their money back nearly two years after the cryptocurrency exchange…

What’s next for FTX after the creditor payback proposal?

blockworks.co FTX’s latest plan to pay back its creditors is another step in a process that could require plenty more negotiation…and time. In other words, the saga is not over. Creditors…

FTX Bankruptcy: Fallen Exchange To Amass up to $5,100,000,000 More Than What Users Lost at Time of Collapse

dailyhodl.com The bankrupt crypto exchange FTX now has holdings worth billions of dollars more than the legally approved claims made by its creditors. A recently filed disclosure…

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

techcrunch.com Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New…

Price Is Primed for a Rebound to New ATH; Here Are Top Reasons

coinpedia.org Price Is Primed for a Rebound to New ATH; Here Are Top Reasons appeared first on Coinpedia Fintech News After being trapped in a correction mode for the past six weeks,…

Binance banned Tron Foundation for market manipulation, report

protos.com A report from the Wall Street Journal has alleged that on multiple occasions, Binance ignored its own internal investigations about market manipulation in favor of…

SimpleSwap Exchange Marks Six Years of Evolution in the Cryptocurrency Sector

cryptopotato.com [PRESS RELEASE – George Town, Cayman Islands, May 9th, 2024] Since its creation in 2018, SimpleSwap has been committed to providing its customers with straightforward,…

Global crypto firms turn to Hong Kong for refuge

techcrunch.com The city’s web3 carnival this year drew noticeably more global attendees With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the…

Surge in Bitcoin to OTC desks potentially marks a local peak

cryptoslate.com Quick Take The recent stagnation in Bitcoin’s price has been accompanied by a significant influx of Bitcoin (BTC) into the over-the-counter (OTC) trading desks, a trend that…

FTX Gets Ready to Pay “100% of Bankruptcy Claim Amounts” Plus Interest

bitcoinnews.com FTX, the digital asset exchange that collapsed in November 2022, is set to repay its customers in full and even offer additional compensation. This fresh FTX bankruptcy news…

Is It Fair That Crypto Bankruptcies Are Denominated in Dollars? Here’s a Solution to Dollarization

unchainedcrypto.com This week, the FTX bankruptcy estate announced it would repay 98% of creditors and that creditors would recover between 118% and 142% of the value of their allowed claims…

$10B Wall Street Collapse on Trial & AI Creating Wonder Drugs?

dcs.megaphone.fm Episode 319: Neal and Toby discuss the big discovery from Google’s DeepMind using AI to potentially produce new drugs not possible by mere humans. Then, the biggest ‘pump…

Americans are shopping less but they’re still spending on flights, hotels and Disneyland

aol.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

FTX customers are getting a rare good deal. Here’s why some are still angry

aol.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. People who had money in FTX at the…

Nearly all customers of failed crypto exchange FTX to get their money back

latimes.com Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. FTX, which filed for bankruptcy protection in…

How Biden just angered the crypto industry over an obscure SEC measure

dlnews.com US President Joe Biden frustrated the crypto community on Wednesday by saying he’d veto a bill that just passed the lower chamber of the Congress. The bi-partisan resolution…

Not Every FTX Customer Is Happy To Be Reimbursed: Here's Why

benzinga.com Bankrupt cryptocurrency exchange FTX’s recent announcement of reimbursing its customers in full with interest has drawn mixed reactions. What Happened: CNBC reported…

FTX Sell-Off Fears Trigger 5%Drop, Liquidating $125M Shorts? What’s Next?

coinpedia.org The post FTX Sell-Off Fears Trigger 5%Drop, Liquidating $125M Shorts? What’s Next? appeared first on Coinpedia Fintech News Solana, one of the prominent cryptocurrencies in…

FTX's collapse: A timeline of how the crypto giant imploded

euronews.com FTX has announced it will be paid back most of its customers two years after it collapsed. Here's how we got to that point. Once one of the largest cryptocurrency exchanges…

FTX Creditor Wants Debt Repayment In Crypto Instead of USD

coingape.com In a pathbreaking decision, bankrupt crypto exchange FTX announced that it would repay all of its creditors and customers with interest while disclosing its proposed…

FTX says it will return money to most of its customers

npr.org FTX says it will return money to most of its customers FTX says that nearly all of its customers will receive the money back that they are owed, two years after the…

FTX Announces Full Customer Reimbursements, But The Real Winners May Surprise You

bitcoinist.com In a surprising turn of events, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan to reimburse creditors and customers in full. The plan also…

FTX creditors seek repayments at current market rates

cryptobriefing.com Bankrupt crypto exchange FTX unveiled yesterday a new plan to pay out at least 118% of recognized claims to 98% of its creditors. However, the plan faces pushback from Sunil…

FTX Plans To Pay Back Defrauded Customers

mediapost.com According to bankruptcy lawyers representing FTX, the defunct crypto exchange plans to pay back almost all of the creditors defrauded in the November 2022 collapse, plus…

Crypto Exchange FTX Is the Rare Financial Blowup That Will Repay Victims in Full

wsj.com Defunct cryptocurrency exchange FTX said it will have more than enough money to fully repay its millions of swindled customers with interest, an outcome that seemed…

FTX to issue refunds after crypto crash

bostonherald.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX Customers Poised to Recover All Funds Lost in Collapse

nytimes.com The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded. Bankruptcy lawyers for FTX said customers of…

FTX Paying Back Victims in Full With Interest, Sold Assets

entrepreneur.com A majority of customers would get at least 118% of their money back under a proposed plan, as the company now has up to $16.3 billion in cash to use. Cryptocurrency exchange…

FTX to return money to most customers nearly 2 years after collapse

euronews.com Collapsed crypto exchange FTX said it will return money to most customers less than two years after its catastrophic implosion. Fallen cryptocurrency exchange FTX says that…

New Stablecoin Bill Draws Mixed Reactions

thedefiant.io U.S. Senators Cynthia Lummis and Kristen Gillibrand have introduced new legislation for stablecoin issuers. After months of drafting and deliberations, U.S. Senators Cynthia…

FTX bankruptcy: What customers should know about getting their money back with interest

fastcompany.com Customers who lost their money when crypto exchange FTX collapsed in late 2022 are set to get their money back—and then some. That’s according to an announcement released…

American Sports Stars Agree to $2.42 Million Settlement in Voyager Promotion Case

cryptonews.com Three American sports personalities, Rob Gronkowski, Victor Oladipo, and Landon Cassill, agreed on May 3 to collectively pay $2.42 million to settle allegations in the…

Failed crypto giant FTX has recovered billions more than it needs to pay back bankruptcy victims

nypost.com Fallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost funds in its November 2022 collapse. In a rare…

Crypto Is an Election Issue This Year. Is That a Good Thing?

coindesk.com An online survey conducted by blockchain conglomerate Digital Currency Group found that more than 20% of voters in several swing states consider crypto to be a key issue in…

FTT Surges 50% On FTX Creditors’ Claims Settlement And Billions In Compensation: How High Can It Rise?

newsbtc.com In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers. The announcement has sparked a…

Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed

zerohedge.com Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed Back in March, when eyeing the tremendous rebound in the crypto space, we joked that creditors in…

This Week in Web3: Wells Notices, Crypto Payments and Usability

pymnts.com Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who,…

FTX customers will get their money back and more

aol.com In a rare outcome for bankruptcy, customers of the failed cryptocurrency exchange FTX will recover all of their money—and then some. Those who lost money when the exchange…

Rob Gronkowski crypto promotions: ‘Sincere empathy for fans,’ says Lawyer

ambcrypto.com Gronkowski, Oladipo, and Cassill to pay $2.4 million in Voyager lawsuit. In a surprising crossover of sports and finance, Rob Gronkowski, a retired football star, Victor…

Crypto Markets Give Up Previous Week's Gains

thedefiant.io Solana broke its three-day winning streak, dropping by almost 6% on the day. Crypto markets dipped on Wednesday, with most tokens surrendering the majority of their gains…

When is full recovery not a full recovery? FTX

protos.com The FTX debtors in possession have announced a new reorganization plan that would result in nearly every single creditor getting recovery of their full claim amount plus…

Rails launches with $6.2M round for its decentralized FTX alternative

techcrunch.com Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup’s co-founder and CEO Satraj…

A timeline of the collapse at FTX

aol.com FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years…

Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly

coinspeaker.com Coinspeaker Crypto Veterans Secure $28 Million in Funding Round for Arbelos Markets Led by Dragonfly Joshua Lim and Shiliang Tang, two crypto veterans who previously worked…

FTX says most customers will get all money back, less than two years after catastrophic collapse

theglobeandmail.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

cbc.ca FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange…

What is BONK? Solana’s Dog-Themed Community Meme Coin

decrypt.co Born out of the wreckage left behind by the collapse of FTX in November 2022, BONK is a meme coin aimed at bringing together the Solana community. In December 2023, a BONK…

FTX customers to get paid in full, plus interest; but still stand to lose

axios.com FTX took a significant step in its bankruptcy case, filing a reorganization plan that touts to repay customers in full, plus interest. Why it matters: Customers still don't…

FTX Claimants Will Get Their Solana NFTs Back

decrypt.co FTX’s bankruptcy estate announced Tuesday that creditors and customers are likely to receive between $14.5 billion to $16.3 billion in total compensation—but that doesn’t…

FTX Paying Customers: Generous or Illusion?

tipranks.com The cryptocurrency market’s biggest scandal is close to coming to an end. FTX has rolled out its latest performance update in the bankruptcy saga w...

FTX files plan to fully reimburse creditors it defrauded of billions

cbsnews.com FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than…

FTX customers may get their money back, but no gains from crypto price increases

aol.com Some customers of the failed cryptocurrency exchange FTX could receive the full value of the money they lost if a court approves the company's bankruptcy plan. However, they…

FTX plans to give customers their money back

aol.com None FTX will pay back 98% of creditors at least 118% of what they're owed, its bankruptcy lawyers said. • None FTX forecasts between $14.5 and $16.3 billion available for…