FTX

Traders are leaning toward the possibility that Caroline Ellison, former CEO of Alameda Research, will avoid prison time. What Happened: Polymarket prediction market data shows a 45% chance that Ellison will receive no prison time, with $153,679 bet on this outcome. Traders are currently betting 49...

An investment adviser has been ordered to pay tens of millions of dollars for overvaluing thousands of largely illiquid collateralized mortgage obligations (CMOs) and giving preferential treatment to clients. Macquarie Investment Management Business Trust (MIMBT) will pay $79.8 million to settle...

Bankrupt crypto exchange FTX has filed a motion seeking approval to pay $14 million to fund Emergent Fidelity Technologies, an Antigua-based investment firm co-founded by Sam Bankman-Fried. The payment aims to address Emergent’s claims over Robinhood (NASDAQ:HOOD) shares valued at over $600...

The U.S. Securities and Exchange Commission (SEC) announced settled charges against investment advisory firm Galois Capital Management LLC, a Florida-based investment advisory firm specializing in crypto assets. The SEC accused the company of failing to comply with the Investment Advisers Act...

The U.S. Securities and Exchange Commission (SEC) may oppose the plan proposed by bankrupt cryptocurrency exchange FTX to repay creditors using U.S. dollar-pegged stablecoins. What Happened: In a court document, the regulator stated it reserves its rights to object to the transactions detailed in...

The digital assets sector has shown resilience, bouncing back after the fallout from the FTX exchange collapse in November 2022, according to a research report released by Canaccord on Wednesday. What Happened: In the report, analysts led by Joseph Vafi highlighted a significant shift in the...

Former FTX executive Ryan Salame, who was sentenced to 7.5 years in prison, is now urging the court to enforce a plea agreement that he claims was breached by the government. What Happened: In a new court filing, Salame’s attorneys argue that the plea deal, which was supposed to protect his...

Bitcoin (CRYPTO: BTC) and cryptocurrency trading platform FTX Trading, which filed for bankruptcy in November 2022, has received preliminary approval for its reorganization plan from its creditors. What Happened: FTX announced that its amended reorganization plan has received overwhelming support...

A U.S. judge has ordered FTX Trading Ltd. and Alameda Research LLC to pay $12.7 billion in restitution and disgorgement to creditors. What Happened: This ruling stems from a lawsuit filed by the Commodity Futures Trading Commission (CFTC) against the two entities, accusing them of committing fraud...

The Securities and Exchange Commission (SEC) has initiated a lawsuit against Silvergate Capital Corp. (OTCPK: SICP), a California-based bank significantly impacted by the downfall of the cryptocurrency exchange FTX. The lawsuit, which was filed in federal court in Manhattan, alleges “...

Bankrupt crypto exchange FTX is seeking court approval to allow its millions of customers to vote on a plan that would repay them in cash, but some customers are unhappy with the terms. What Happened: FTX claims it has recovered $16 billion in assets, including $12 billion in cash, enough to repay...

Ten years ago, Grammy-winning rapper 50 Cent made a groundbreaking decision to accept Bitcoin as payment for his album “Animal Ambition.” This move, which initially appeared experimental, has resulted in substantial financial gains for the artist over the past decade. In 2014, 50 Cent,...

Ryan Salame, once a prominent figure in the operations of the now-defunct cryptocurrency exchange FTX, has been sentenced to 90 months in prison. What Happened: The sentence will be followed by three years of supervised release, with Salame being ordered to pay over $6 million in forfeiture and...

The first close associate of Sam Bankman-Fried to plead guilty in the aftermath of FTX‘s downfall will be sentenced on Tuesday. What Happened: Ryan Salame, former CEO of FTX's Bahamas subsidiary, struck a plea deal with federal prosecutors in September. This occurred just weeks before Bankman...

After an extensive auction process, the estate of the bankrupt crypto exchange FTX has finalized the sale of $2.6 billion worth of Solana (CRYPTO: SOL) tokens at significant discounts. What Happened: Figure Markets and Pantera Capital were among the latest buyers, Bloomberg reported. Figure...