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FTX Settles Massive $24B Claim With IRS, Unlocking Funds For Customer Compensation

FTX Settles Massive $24B Claim With IRS, Unlocking Funds For Customer Compensation

According to a recent report by Bloomberg Law, the bankrupt crypto exchange once run by Sam Bankman-Fried, FTX, has reached a settlement with the I...
Jun, 05, 2024
2 min read
by Bitcoinist
FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost

FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost

The FTX liquidates the final 15M Anthropic shares at $450 million. FTX’s total earnings from Anthropic shares now hit $1.3B with $800M profit. FTX’...
Jun, 02, 2024
< 1 min read
by CoinEdition
BREAKING: Former FTX Executive Ryan Salame Receives 90-Month Prison Sentence

BREAKING: Former FTX Executive Ryan Salame Receives 90-Month Prison Sentence

Ryan Salame, a former high-ranking official at Alameda Research and co-CEO of bankrupt crypto exchange FTX, has been sentenced to 90 months in pris...
May, 28, 2024
1 min read
by Bitcoinist
FTX Liquidators Ready To Sell Bankman-Fried’s $30M Penthouse And Bahamas Real Estate

FTX Liquidators Ready To Sell Bankman-Fried’s $30M Penthouse And Bahamas Real Estate

In the wake of the collapse of FTX, the once prominent crypto exchange led by Sam Bankman-Fried, the luxurious real estate holdings acquired by the...
May, 28, 2024
3 min read
by Bitcoinist
FTX Co-Founder Sam Bankman-Fried Transferred To New Detention Center, Details

FTX Co-Founder Sam Bankman-Fried Transferred To New Detention Center, Details

According to a Bloomberg report, Sam Bankman-Fried, the co-founder of the FTX crypto exchange, has been transferred to a temporary detention center...
May, 25, 2024
2 min read
by Bitcoinist