Update 11:00 am UTC: This article has been updated to include quotes from Philipp Zentner. FTX is preparing to distribute more than $1.2 billion in repayments to the bankrupt former cryptocurrency ...
FTX Digital Markets, the Bahamian arm of FTX, will begin repaying creditors who lost access to their funds when the cryptocurrency exchange collapsed in November 2022. According to a Feb.
In November 2022, an article revealed that FTX was co-mingling customer funds with Alameda Research, a crypto hedge fund also run by SBF. Binance, the largest crypto exchange, began liquidating ...
The beginning of payments to customers from the imploded cryptocurrency exchange FTX underscores the possibility that the wealth amassed by the convicted mogul Sam Bankman-Fried was sufficient to make ...