BTCUSDT FTX officially announced that the bankruptcy plan has officially come into effect today (January 3, local time). The same day is also the first distribution registration date for holders of approved claims in the Convenience Classes. The registration and payment dates for other categories of claims will be notified separately.
BTCUSDT Do Kwon, co-founder of Terraform Labs, indicted on charges of conspiracy, fraud, money laundering, and market manipulation, faces up to 130 years in prison if convicted
BTCUSDT In response to speculation on X that SBF, the founder of FTX, might receive an early pardon from President Biden, Elon Musk responded: “I will be shocked if this doesn’t happen.” But on the Polymarket, the probability of Biden pardoning SBF is only about 5%.
BTCUSDT FTX has filed a lawsuit against Binance and its former CEO Zhao Changpeng, seeking to recover approximately $1.8 billion in funds. FTX alleges that the funds were fraudulently transferred by SBF in July 2021, Binance and CZ obtained the funds by selling part of their shares in FTX and the US division (approximately 20% and 18.4%)
BTCUSDT FTX drops its lawsuit against Bybit in a 228M settlement
The settlement will allow FTX’s liquidation estate to reclaim 175M in crypto held on Bybit accounts. FTX will also sell to Mirana Ventures (Bybit's investment arm) over 105M BIT tokens valued at ~$ 53 M
FTTUSDT Ryan Salame, former co-CEO of FTX Digital Markets, will begin serving a seven-and-a-half-year sentence at a U.S. federal correctional facility on October 11. Salame said he would treat his time in prison like summer camp. Salame will be the second FTX executive to face prison after SBF, who was sentenced to 25 years in March