Appeals Court Rejects Bankman-Fried Trial Claims
Former FTX CEO Sam Bankman-Fried’s appeal for a new trial faces skepticism from the appellate court, questioning claims of unfairness and misrepresentation in his defense. #Update #Legal $FTX
Ftx
FTX Withdraws Payment Suspension Request
@FTX has withdrawn its motion to limit payments to clients in Ukraine, Pakistan, Saudi Arabia, Russia, and China following community backlash. This decision highlights ongoing challenges in crypto client rights during insolvency. #Update #Crypto
FTX Founder Appeals Court Retrial Motion
FTX founder Sam Bankman-Fried’s appeal hearing is set for Nov. 4, 2025, as he seeks to overturn his conviction and 25-year sentence on fraud charges. #Update #Legal $BTC
FTX Bankruptcy Team Faces Shocking Allegations
Sam Bankman-Fried claims FTX was solvent during its bankruptcy, alleging legal mismanagement and lobbying for a pardon from Donald Trump. The document asserts sufficient assets to repay clients. #Update #Crypto $FTX
Binance Pardon Boosts Sam Bankman-Fried Odds
Sam Bankman-Fried’s pardon odds rise to 12% on Polymarket after Trump’s recent clemency for CZ; Bitcoin up 2.7% to $110,700 ahead of inflation report. #Update #Crypto $BTC
FTT Token Surges as FTX Repays $1.6B
Sam Bankman-Fried’s recent social media post led to a 24% surge in FTX’s $FTT token, trading around $1.014, amid increased trading activity, despite backlash from the crypto community. #Update #Crypto $FTT
FTX Repays $1.6B to Creditors Starting Sep 30
FTX’s bankruptcy estate will distribute $1.6 billion to creditors starting September 30, recovering 95% for U.S. customers and 78% for “Dotcom” users #Update #Crypto $FTX
Bitcoin Launches Regulated Perpetuals Exchange in Europe
@Backpack Exchange launches Backpack EU, a regulated platform for crypto derivatives in Cyprus, offering over 40 trading pairs with up to 10x leverage. #Update #Crypto $BTC $ETH
Binance Challenges FTXs 1.76 Billion Lawsuit
@FTX_Official sues @Binance for $1.76B over stock buyback; Binance seeks dismissal, citing legal insufficiency and jurisdictional issues. #Update #Legal (+3) →
Netflix Adapts Sam Bankman-Fried FTX Collapse
Netflix is developing a series on FTX’s collapse, with Julia Garner and Evan Peters in talks for lead roles. Graham Moore may write the screenplay. #Update #Entertainment (+3) ↗
FTX Loses Big as AI Platform Soars
FTX bankruptcy liquidators sold their stake in @CursorAI for $200,000, missing a $500 million opportunity as the platform now boasts a $9 billion valuation. #Update #Crypto (+7) ↗
FTX Cancels $2.5 Billion Claims
FTX annuls $2.5 billion in client claims due to KYC non-compliance, affecting 392,000 clients; funds will be redistributed for future distribution. #Update #Crypto (+6) ↘
FTX Estate Begins Paying Major Creditors
@FTX_Official is set to start reimbursing major creditors with $11.4B in cash reserves on May 30, following its bankruptcy proceedings. #Update #Crypto (+3) ↗
FTX EU Refunds Open via Backpack
@Backpack opens euro refund claims for @FTX_Official EU users starting April 1, 2025, requiring verification via Backpack EU with original KYC data. #Update #Crypto (+3) ↗