# ftx

The digital token of the bankrupt FTX crypto exchange has sharply increased by 60%

On Sunday, September 29, the FTT token, which belongs to the bankrupt FTX cryptocurrency exchange, surprised the market with a sharp rise of more than 60%. This was the largest increase among all cryptocurrencies over the past day, despite the overall decline in cryptocurrency market capitalization by 1.89%. FTT’s trading volume increased by an impressive 3734%, bringing the token back to price levels not […]

Bankrupt crypto exchange FTX to pay $ 12.7 billion to investors by court order

The scandalous bankrupt cryptocurrency exchange FTX and Alameda Research have been ordered to pay $ 12.7 billion to creditors after a New York court ruling, thus ending a lawsuit by the Commodity Futures Trading Commission (CFTC). The court order prohibits FTX and Alameda from trading digital assets and acting as market intermediaries, but does not include civil fines, CoinDesk reports. The […]

Cryptocurrency analysts name the tokens that managed to recover from the largest exchange crash in history

The fall of

A representative of one of the most famous cryptocurrency exchanges was sentenced to 7.5 years in prison

Ryan Salame, a former top executive of the bankrupt FTX cryptocurrency exchange, has been sentenced to prison for misappropriating customer funds and making illegal political donations. Despite attempts to cooperate with the investigation, the court sentenced him to 7.5 years in prison, Bloomberg reports. In late January, the new management of FTX finally gave up trying to restore the exchange, which went bankrupt in 2022. The […]

The collapsed FTX exchange will pay out to victims this year

The bankrupt cryptocurrency exchange FTX has a realistic goal: to start paying out affected customers by the end of 2024. The official liquidators of FTX Digital have developed a plan to repay creditors. This is stated in the records of the meeting held in March in the Bahamas. FTX customers lost $ 8 billion, investors lost another $ 1.7 billion, and creditors lost $ 1.3 billion. At least three FTX clients […]

Sam Bankman-Fried was sentenced to 25 years in prison

The former head of the bankrupt FTX crypto exchange,

Founder of the world’s most famous cryptocurrency exchange faces 50 years in prison

Sam Bankman-Fried, the founder of the notorious FTX crypto exchange, faces a 50-year prison sentence. The fraudster was convicted in November for organizing one of the «largest financial frauds in American history.» The prosecution’s arguments boil down to Sam Bankman-Fried's fraudulent actions that led to the collapse of the FTX cryptocurrency exchange. The jury of the Manhattan federal court found him guilty on all charges, […]

The reasons for the sharp growth of the Solana cryptocurrency have become known

On March 7, Solana, a cryptocurrency created by Ukrainian developer Anatoliy Yakovenko, rose in price by 13%. This is after information about the possibility of Pantera buying a part of FTX shares appeared on the web. According to Pantera’s estimates, FTX still has at least 41 million SOL tokens, which is approximately $ 5.8 billion. Pantera Capital, a cryptocurrency heavyweight company that manages $ 5.2 billion in assets, has started raising funds […]