FTX said that 98% of FTX customers will receive at least 118% of their claims, and others will receive 100% plus billions of dollars in compensation for the time value of their money.
Sam Bankman-Fried was sentenced to 25 years in prison on seven felony charges, while Changpeng Zhao received just four months ...
Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency ...
The former crypto exchange expects 98% of its creditors to receive approximately 118% of the amount of their allowed claims ...
FTX said Tuesday it had recovered assets associated with the exchange at the time of its collapse with an estimated value of between $14.5 billion and $16.3 billion.
Collapsed crypto exchange FTX plans to repay all customers in full, plus interest, after estimating it has $5.1B more than needed to pay creditors.
The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts ...
The criminal judgment of bitcoin billionaires Changpeng Zhao and Sam Bankman-Fried was completed this week, the final chapter ...
Zhao’s lawyers, in their own sentencing memo, said that Zhao deserved no jail time, as “no defendant in a remotely similar ...
Binance founder Changpeng Zhao has been sentenced to four months in prison after pleading guilty to money laundering.
The founder of Binance has been sentenced to four months in prison, marking the second major crypto boss to serve jail time ...
Zhao Changpeng, the former chief executive of Binance, was on April 30 sentenced to four months in prison after pleading ...