— FTX, Ryan Salame
When will FTX customers get their money back?
FTX customers can expect to be repaid ‘in full, with interest.’ However, their repayments are based on a bitcoin price of $16,871.
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— FTX, Ryan Salame
FTX customers can expect to be repaid ‘in full, with interest.’ However, their repayments are based on a bitcoin price of $16,871.
Galois Capital has settled charges with the SEC over allegations that it violated the Investment Advisors Act by storing assets on FTX.
— Book, Cryptomania
Cryptomania is an easy and -- sometimes manic -- read about things that transpired over a couple of tumultuous years in crypto.
Two FTX and Alameda Research executives have been sentenced to prison, two have their sentencings scheduled, and one has pleaded guilty.
FTX and Alameda both agreed in July to pay creditors. However, this agreement was subject to yesterday's court verdict.
Sun is apparently keen to start a billion-dollar fund to save the entire crypto space in the midst of a 20% drawdown of most tokens.
Thomas Braziel, who founded bankruptcy claims firms 117 Partners and 507 Capital, had stolen from a fund connected to a firm called Fund.com.
Reports claim that over two-thirds of shareholders of Scaramucci's $1.6 billion crypto fund had filed for redemption of their shares.
— Bankman-Fried, FTX
Sam Bankman-Fried's mother, father, and brother reportedly helped advise on and manage the firm's finances, says the Wall Street Journal.
Despite efforts to distance itself from FTX, Jump had ties to the fraudulent empire that the CFTC might now be investigating.