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FTX customers to be repaid at $16,871 bitcoin prices

Customers of crypto exchange FTX will be repaid based on November 2022 bitcoin prices — when it filed for bankruptcy.

FTX authorized to sell Sam Bankman-Fried’s Bahamas penthouse

Bankrupt crypto exchange FTX has been cleared to sell $222 million of real estate in the Bahamas bought by senior staff during its heyday.

Effective Ventures, an effective altruism-focused charity, has agreed to return donations it received from FTX.

A report claims that debtors-in-possession of FTX and Alameda Research have sold all its GBTC in the ongoing bankruptcy.

Trabucco reportedly made at least $25 million from FTX and Alameda Research before opting for a curiously-timed early retirement in mid-2022.