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The Latest Breaking News from FTX

3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

Sam Bankman-Fried was ordered to forfeit $11 billion in assets after he was found guilty of fraud and other related charges late last year, and now three separate groups are claiming all or some of the assets linked to the collapse of the FTX crypto empire.

International Business Times

Sam Bankman-Fried funded a group with racist ties. FTX wants its $5m back

The Guardian reveals FTX trustees, in charge after the CEO’s downfall, allege payments were made with looted funds

The Guardian - US

Biting Off More Than It Can Chew: Senator Doubts CFTC Can Oversee Digital Commodities

Thursday's Senate Appropriations subcommittee hearing was on fire as CFTC Chair Rostin Behnam was questioned about the regulator's capability in overseeing the digital assets industry.

International Business Times

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Former FTX executive Ryan Salame is not pleased with his prison sentence

Despite pleading guilty, Sam Bankman-Fried's former lieutenant received a harsher sentence than prosecutors asked for—and took to X to voice his displeasure.

Fortune

Former FTX Executive Sentenced To 90 Months In Prison

Former FTX executive sentenced to 90 months in prison for unlawful campaign donations linked to embezzlement case.

Top News

Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison

The Independent UK

Top FTX executive jailed over connections to collapsed crypto empire

Ryan Salame, 30, was sentenced to seven-and-a-half years in prison after pleading guilty

The Independent UK

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Sam Bankman-Fried and his crew overpaid for real estate, Bahamas listings show

Property prices are soaring in the island paradise but the liquidator selling them off the FTX crew's 52 properties is unlikely to recover what they paid.

Fortune

Collapsed FTX exchange plans to repay investors - this could be a fresh start for crypto

Collapsed cryptocurrency exchange FTX recently announced that the majority of creditors who lost money in its bankruptcy scandal will be repaid their missing funds. This has become possible now – 18 months after the business filed for bankruptcy – because FTX and sister company Alameda Research have raised cash by…

The Conversation

French Regulator Reiterates Crypto Giant ByBit Is Blacklisted, Signals Further Enforcement Action

After Hong Kong, France's securities regulator has now released a warning notice to the public regarding ByBit, reiterating that the crypto exchange is not authorized to operate in the country.

International Business Times

Wytham Abbey put up for sale for £15m by effective altruism group EVF

Effective Ventures Foundation puts 27-bedroom house visited by Queen Elizabeth I on sale after paying nearly $27m to FTX creditors

The Guardian - UK

Bankruptcy Survivor Core Scientific Self-Mines $175M Worth Of Bitcoin In Q1

Core Scientific mined a significant amount of Bitcoin in the first quarter of the year, even as it just emerged from bankruptcy in January.

International Business Times

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 cryptocurrency exchange imploded, and some will get more than that.

WEKU

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

Customers still don't stand to recover what they lost in the cryptocurrency exchange's collapse — not even close.

Axios

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Top News

FTX Customers To Receive Over 100% Of Owed Funds

FTX cryptocurrency exchange announces reimbursement plan for customers and creditors after collapse, aiming to repay .2 billion with available funds of ...

The Guardian - UK

Bankrupt crypto exchange FTX says it will be able to repay creditors full $11bn

CEO confirms once company has sold off remaining assets it will have more than amount required

International Business Times

Ex-Binance Chief Jailed For Four Months In US

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

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International Business Times

Crypto-Critical Senators Warren, Grassley Pressure CFTC To Explain Past FTX Communications

Warren and Grassley have given CFTC's Behnam up to the end of the month to produce documents of the agency's correspondence with FTX and jailed Sam Bankman-Fried.

Radio France Internationale

FTX crypto exchange founder appeals fraud conviction, 25-year prison sentence

Former billionaire crypto trader Sam Bankman-Fried has filed an appeal against his fraud conviction and 25-year jail sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded in one of the biggest financial frauds in the history of the United States, which impacted victims all…

Al Jazeera

FTX’s Sam Bankman-Fried appeals conviction and 25-year sentence for fraud

Bankman-Fried faces steep odds in bid to overturn conviction stemming from the collapse of his cryptocurrency exchange.

International Business Times

Sam Bankman-Fried Appeals Fraud Conviction, 25-year Jail Term

Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday.

The Guardian - US

Sam Bankman-Fried appeals FTX fraud convictions and 25-year prison sentence

Ex-CEO and former crypto mogul, 32, was found guilty of seven counts of fraud and conspiracy to launder money in November

International Business Times

Sam Bankman-Fried Expresses Remorse Over 25-Year Fraud Sentence

Bankman-Fried reportedly hinted at plans for an appeal, citing trial testimony that he claimed misrepresented events and the exclusion of crucial evidence.

WEKU

Baltimore bridge collapse threatens jobs; Sam Bankman-Fried gets 25-year sentence

Cleaning up the Baltimore bridge collapse won't be quick, easy or inexpensive. Disgraced FTX CEO Sam Bankman-Fried is sentenced to 24 years for fraud.

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