FTX and CFTC agree to $12.7b settlement following months of negotiations
The two have been negotiating over the past few months, according to a court document filed on July 12 in the U.S. Bankruptcy Court for...
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Hedge funds made a killing on FTX—then it got complicated
Since FTX’s 2022 implosion, hedge funds had scooped up the rights to customers’ frozen accounts for pennies on the dollar, with five...
FTX has billions more than needed to pay bankruptcy victims
Lower-ranking creditors typically receive just pennies on the dollar for their holdings, but FTX benefitted from a strong rally in...
Sam Bankman-Fried found guilty by jury in landmark crypto trial
Former FTX CEO Sam Bankman-Fried was found guilty on all seven counts by a panel of 12 jurors last Thursday. FTX co-founder Gary Wang,...
FTX plans to return 90% of customer funds, but there's a catch
The debtors propose dividing missing customer assets into three pools based on circumstances at the start of the Chapter 11 cases: Assets...
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