FTX

Basketball legend Shaquille O’Neal, often known as Shaq, will pay $1.8 million to settle allegations that he promoted unregistered securities through his endorsement of the collapsed cryptocurrency exchange FTX. What Happened: The proposed settlement, filed in Florida federal court on...

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has expressed concern over the length of Sam Bankman-Fried's prison sentence, calling the 25-year term excessive despite being personally impacted by the collapse of FTX. "Is 25 years too steep of a...

Sam Bankman-Fried, the fallen cryptocurrency mogul who once promised to "build the future of finance," is now projected to walk out of federal custody on Dec. 14, 2044, more than four years earlier than the 25-year sentence he received last spring. What Happened: The Federal Bureau of Prisons lists...

The FTX Recovery Trust will distribute more than $5 billion to creditors starting May 30, as part of its second payout under the Chapter 11 bankruptcy plan. This marks a significant step in addressing claims from the collapse of FTX, the cryptocurrency exchange that imploded in November 2022. The...

A federal judge in Florida has tossed out the bulk of allegations targeting celebrities and social media influencers who endorsed the failed cryptocurrency exchange FTX. What Happened: Among those cleared of most claims are NFL legend Tom Brady, supermodel Gisele Bündchen, investor Kevin O'Leary,...

A previously overlooked stake once tied to the collapsed crypto exchange FTX may now be worth roughly $500 million, following a sharp rise in valuation at one of Silicon Valley's hottest AI startups. What Happened: Anysphere, the company behind the AI-powered code-writing assistant Cursor, has...

Basketball legend Shaquille O’Neal, often known as Shaq, settled a lawsuit with FTX (CRYPTO: FTT) customers on Tuesday over a commercial promoting the now-defunct cryptocurrency exchange. What Happened: O’Neal and the plaintiffs have agreed upon an “amicable proposed resolution,...

Sen. Elizabeth Warren (D-Mass.) raised questions about Paul Atkins’ connections to the cryptocurrency industry that she believes could pose conflicts of interest if he is confirmed as SEC Chair. What happened: In a letter dated Mar. 23, Warren said that Atkins served as an advisor to the...

Disgraced cryptocurrency mogul Sam Bankman-Fried weighed in on the future of digital assets under President Donald Trump’s administration, according to an interview from his prison released Thursday. What Happened: In an interview with popular media personality Tucker Carlson, Bankman-...

Sam Bankman-Fried, the convicted founder of FTX, has posted on social media for the first time in nearly two years, commenting on government layoffs while reflecting on his own experiences with corporate downsizing. What Happened: In a series of tweets on Tuesday, Bankman-Fried, who is currently...

Sam Bankman-Fried, who is currently serving a 25-year sentence for the FTX scam, shared his disapproval of the previous Joe Biden administration and expressed sympathy toward President Donald Trump, according to an interview from his prison released Thursday. What Happened: Bankman-Fried...

Shelling out millions of dollars for a Super Bowl commercial can be a risky move. Just ask the 14 companies with dot com in their name how things turned out after being featured in Super Bowl ads in 2000. What Happened: Super Bowl XXXIV, which featured the St. Louis Rams and Tennessee Titans, will...

Beleaguered crypto exchange FTX on Tuesday announced that first and final distributions for Convenience Class claims, those under USD $50,000, are scheduled to be available to eligible claimants starting Feb. 18. The Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd. have announced the...

FTX on Monday announced that its Chapter 11 bankruptcy reorganization plan will become effective on Jan. 3, 2025. Customer and creditor distributions will be facilitated through partnerships with cryptocurrency platforms Kraken and BitGo. The first round of distributions is expected to occur within...

Bankrupt cryptocurrency exchange FTX has announced plans to begin distributing payments to creditors and customers in early 2025. This follows the approval of its Chapter 11 Plan of Reorganization, which is expected to become effective by January. What Happened: John Jay Ray III, the...