In court filings Tuesday, FTX stated that consumer class action lawsuits would jeopardise its $16B recovery plan for bankruptcy repayments.
FTX
This highlights the necessity of choosing reliable platforms for crypto transactions, urging investors to prioritise due diligence.
The "largest financial fraud case in American history" featuring FTX founder Sam Bankman-Fried (SBF) has reached its conclusion.
The bankrupt cryptocurrency exchange FTX plans to sell its remaining 41 million solana tokens to institutional investors for about $60 each.
Between the prosecution's request for 50 years and the defence request for five, Judge Kaplan's sentence ultimately aligned with neither.
Judge Lewis Kaplan is set to reveal the fate of Bankman-Fried after guilty verdicts on seven charges tied to FTX collapse.
Explore tech headlines featuring industry giants like Meta, Apple, and AMD. Stay informed on legal battles, shifts and industry advancements.
FTX has struck a deal with a consortium of buyers to sell the majority of its stake in startup Anthropic for $884 million.
FTX has commenced a claim window, providing compensation for major crypto assets with prices significantly below their current market values.
FTX former CEO SBF's sentencing is set for March 28. His legal team has requested a prison sentence of 5.25 to 6.5 years.
A U.S. judge ruled on Thursday that bankrupt cryptocurrency exchange FTX may sell its stake in artificial intelligence startup Anthropic.
FTX founder Sam Bankman-Fried replaced his attorneys, Mark Cohen and Christian Everdale, as he prepared for sentencing discussions.
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