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The Latest Breaking News from FTX

US Orders FTX, Alameda To Pay $12.7 Bn To Victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.

International Business Times

Bankrupt crypto exchange FTX ordered by US court to pay customers $12.7bn

Compensation order comes five months after founder Sam Bankman-Fried was jailed for role in collapse

The Guardian - UK

FTX ordered to pay $12.7 billion in massive crypto fraud case

Sam Bankman-Fried, the founder of FTX, was sentenced in March to 25 years in prison for stealing $8 billion from customers

The Independent UK

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Sequoia Capital invested early in Google, Nvidia, and Apple. Can Roelof Botha keep the legendary venture capital firm ahead in the AI future?

The firm and its leader are rethinking the way they invest in companies, the way they relate to founders, and even the way they think.

Fortune

SkyBridge Capital's Anthony Scaramucci Explains Why Bitcoin Prices Could Reach $100K By Year-End

Despite mounting selling pressures on Bitcoin, Anthony Scaramucci sees multiple bullish factors for the coin and thinks it can reach a value of $100,000 by year-end.

International Business Times UK

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

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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

FTX secretly gave $17.5m to Aussie crypto influencer who lost other people’s millions

A bankruptcy report for FTX shows the cryptocurrency exchange paid Alex Saunders to ‘avoid negative publicity’ and ‘potential litigation’.

Crikey

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

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

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The Conversation

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…

International Business Times

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.

The Guardian - UK

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

International Business Times

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.

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WEKU

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.

Axios

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.

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

The Street

Another crypto CEO sentenced to prison

Binance founder Changpeng Zhao has been sentenced to four months in prison after pleading guilty to money laundering.

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