FTX

Cryptocurrency Solana (CRYPTO: SOL) has soared in value in recent days, driven by companies filing to launch Solana ETFs, the continued strength of meme coins, and optimism for the crypto sector. On Nov. 21, Solana hit an all-time high, which comes years after the cryptocurrency was nearly left for...

Archegos Capital Management founder Bill Hwang was sentenced on Wednesday to 18 years in prison for fraud and market manipulation tied to the fund's dramatic collapse in 2021.  The Details: Hwang was sentenced by U.S. District Judge Alvin Hellerstein in New York to slightly less time than the...

The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to seize approximately $16 million in cryptocurrency held in a Binance account. What Happened: This action follows a year-long investigation into funds allegedly linked to bribes authorized by Sam Bankman-Fried, former CEO...

In the latest development in the FTX bankruptcy case, the collapsed entity has launched a lawsuit against cryptocurrency exchange Binance (CRYPTO: BNB), aiming to reclaim $1.8 billion. What Happened: The plaintiffs in the case are alleging that Binance, its ex-CEO Changpeng "CZ" Zhao, and other top...

FTX, once a leading crypto exchange for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), has reportedly filed a lawsuit against former White House communications director Anthony Scaramucci as well as his hedge fund SkyBridge Capital.  What Happened: The lawsuit against...

The U.S. government is negotiating the recovery of approximately $13.25 million in political contributions made by former FTX executives, according to a recent federal court filing. What Happened: The government has asked for an extension until Jan. 15 to continue discussions with several...

Caroline Ellison, former CEO of Alameda Research, agreed to surrender most of her assets to settle a lawsuit filed by the FTX bankruptcy estate. What Happened: Ellison has consented to a settlement that involves transferring most of her assets, not already forfeited to the government or used for...

A U.S. bankruptcy judge has approved FTX’s plan to repay creditors up to $16.5 billion, marking the end of the exchange’s two-year bankruptcy process and potentially injecting billions back into the crypto ecosystem. What Happened: Judge John Dorsey of the U.S. Bankruptcy Court for the...

Billionaire investor Mark Cuban has voiced strong criticism against Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), for making overly complex regulations for cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and others. During an appearance on the All...

In a stark contrast to Sam Bankman-Fried‘s assertions last January, recent developments suggest FTX customers face a long wait for potential repayments. What Happened: TV host Ran Neuner has shed light on the protracted timeline for FTX distributions, which are now expected to extend well...

The cryptocurrency belonging to the defunct cryptocurrency exchange FTX (CRYPTO: FTT) dramatically jumped on Sunday, dwarfing the gains made by the rest of the market. What happened: FTT exploded more than 60% over the last 24 hours, turning out to be the market's biggest gainer by a mile. The coin...

Binance co-founder Changpeng Zhao was released on Friday, after having served a four-month sentence for failing to implement Anti-Money Laundering (AML) measures between 2017 and 2022. But Zhao’s case is just one among many that highlight the growing enforcement against crypto crimes. The...

Caroline Ellison, a key accomplice of fallen cryptocurrency mogul Sam Bankman-Fried in the FTX scandal, was sentenced to 24 months in prison by a federal court on Tuesday. However, apart from the quantum of punishment, the remarks made by Judge Lewis Kaplan, who also presided over Bankman-Fried...

Caroline Ellison, the former CEO of Alameda Research and a central figure in the downfall of FTX, has been sentenced to 24 months in Manhattan federal court on Tuesday. What Happened: Once a trusted ally and romantic partner of FTX founder Sam Bankman-Fried, Ellison's cooperation with prosecutors...

The former executive of the collapsed cryptocurrency exchange FTX, Caroline Ellison, is set to be sentenced on Tuesday for her role in the sensational fraud case. What Happened: Prosecutors have requested a lighter sentence for Ellison, highlighting her “extraordinary cooperation” in...