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FTX Settles Massive $24B Claim With IRS, Unlocking Funds For Customer Compensation

FTX Settles Massive $24B Claim With IRS, Unlocking Funds For Customer Compensation

According to a recent report by Bloomberg Law, the bankrupt crypto exchange once run by Sam Bankman-Fried, FTX, has reached a settlement with the I...
Jun, 05, 2024
2 min read
by Bitcoinist
BREAKING: Former FTX Executive Ryan Salame Receives 90-Month Prison Sentence

BREAKING: Former FTX Executive Ryan Salame Receives 90-Month Prison Sentence

Ryan Salame, a former high-ranking official at Alameda Research and co-CEO of bankrupt crypto exchange FTX, has been sentenced to 90 months in pris...
May, 28, 2024
1 min read
by Bitcoinist
FTX Co-Founder Sam Bankman-Fried Transferred To New Detention Center, Details

FTX Co-Founder Sam Bankman-Fried Transferred To New Detention Center, Details

According to a Bloomberg report, Sam Bankman-Fried, the co-founder of the FTX crypto exchange, has been transferred to a temporary detention center...
May, 25, 2024
2 min read
by Bitcoinist
FTX Announces Full Customer Reimbursements, But The Real Winners May Surprise You

FTX Announces Full Customer Reimbursements, But The Real Winners May Surprise You

In a surprising turn of events, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan to reimburse creditors and customers i...
May, 09, 2024
2 min read
by Bitcoinist
Maximum Sentence: Judge Suggests Sam Bankman-Fried Could Face 110 Years In Prison

Maximum Sentence: Judge Suggests Sam Bankman-Fried Could Face 110 Years In Prison

In a courtroom drama that has captivated the cryptocurrency world, the sentencing day for Sam Bankman-Fried, co-founder of the now-bankrupt crypto ...
Mar, 28, 2024
2 min read
by Bitcoinist