A group of FTX customers say $8 billion of the company’s forfeited assets are rightfully theirs. As Coindesk reported Tuesday (June 17), these customers are seeking a ruling that those forfeited assets do not belong to the failed cryptocurrency exchange’s bankruptcy estate. This latest legal action comes weeks after...
FTX reportedly aims to stop class action complaints and other lawsuits that target company insiders and venture capital firms accused of being involved in the collapse of the cryptocurrency exchange. The company asked a U.S. judge Tuesday (June 4) to stop this outside litigation, saying...
A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming from FTX’s collapse, including various celebrities paid to promote the exchange, according to court documents filed...
Sam Bankman-Fried appealed his conviction and 25-year prison sentence Thursday (April 11). The FTX founder, who was convicted in November 2023 and sentenced in March for stealing $8 billion from customers of the now-bankrupt cryptocurrency exchange, faces what could be a yearslong process in pursuing...
December 29, 2022
Non-US customers affected by the FTX crypto bankruptcy fear their entrusted money could be “misappropriated” again. That’s according to a formal complaint for declaratory judgment filed Wednesday night (Dec. 28) by the Ad Hoc Committee of FTX investors based outside the U.S., a copy of which was provided to PYMNTS. The legal action, filed in […]
June 25, 2024
Bankrupt cryptocurrency exchange FTX is set to ask permission to repay customers in cash. As Reuters reported Tuesday (June 25), the company will ask a judge to allow its customers to vote on a liquidation plan that would allow the cash repayments, despite protests from some customers who feel shortchanged. Since its bankruptcy filing in 2022, FTX’s new management has […]
June 18, 2024
A group of FTX customers say $8 billion of the company’s forfeited assets are rightfully theirs. As Coindesk reported Tuesday (June 17), these customers are seeking a ruling that those forfeited assets do...
June 04, 2024
FTX reportedly aims to stop class action complaints and other lawsuits that target company insiders and venture capital firms accused of being involved in the collapse of the cryptocurrency exchange....
April 21, 2024
A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming...
