FTX Estate to Distribute $2.2 Billion to Creditors in Latest Payout
FTX’s bankruptcy estate will distribute $2.2 billion to creditors this month, continuing its multi-year recovery process following the exchange’s 2022 collapse.
FTX’s bankruptcy estate will distribute $2.2 billion to creditors this month, continuing its multi-year recovery process following the exchange’s 2022 collapse.
US prosecutors have asked a federal judge to deny Sam Bankman-Fried’s request for a new trial, arguing that the testimony cited by the defense does not qualify as newly discovered evidence.
Sam Bankman-Fried has asked a federal court to grant a new trial in the FTX fraud case, citing newly available witness testimony he argues could undermine his conviction.
The SEC is seeking multi-year officer and director bans against former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh.
A document shared via the account of Sam Bankman-Fried argues that FTX was never insolvent, claiming its assets could have reached $136 billion and its native token FTT $22 billion today.