Nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete KYC verification before the extended June 1 deadline.
Latest News on FTX

Get the latest news on FTX! FTX was a major crypto exchange founded by Sam Bankman-Fried and Gary Wang in 2019. Its native (FTT) token served multiple roles within the FTX ecosystem, such as reducing exchange fees for users. FTX also purchased a certain amount of FTT each week and burned it to control inflation.
In November 2022, FTX crashed due to a liquidity crisis, financial mismanagement and mass withdrawal of funds by rattled investors. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy, with Bankman-Fried sentenced to 25 years in prison in March 2024.
Stay informed on the latest developments in the FTX saga with Cointelegraph.
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Backpack acquired FTX EU in January 2025 to offer crypto derivatives throughout Europe.
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The meltdown of the JELLY token on Hyperliquid is the latest DeFi exploit in a year already riddled with hacks.
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Paul Atkins did not directly answer senators’ questions on who might purchase his consulting firm if he were confirmed to the SEC.
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Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson.
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The blockchain network’s freezing of JELLY perpetual futures highlighted concerns about the network’s perceived centralization.
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Stablecoin volatility and the incoming FTX repayments may further limit Solana’s price action as traders await the outcome of a key technical chart pattern.
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The missing $1.5 billion may still not have been enough for 3AC to cover creditor claims before the $10 billion crypto hedge fund’s collapse in 2022, Nansen analysts told Cointelegraph.
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3AC liquidators have been trying to claw back funds held by the hedge fund on FTX since it filed a June 2023 claim in the collapsed exchanges bankruptcy case.
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A representative for the US Bureau of Prisons reportedly said that Sam Bankman-Fried’s interview with Tucker Carlson was not approved by the agency.
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The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.
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FTX and Alameda unstaked 3 million Solana tokens worth $431 million, marking their largest SOL unlock since November 2023.
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FTX creditor repayments being facilitated a little over 2 years after FTX’s shock collapse is a “win” given all the jurisdictional issues that were involved, an industry pundit said.
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Former FTX CEO Sam Bankman-Fried said he had not checked his email for the past few hundred days and that being unemployed is a lot less relaxing than it looks.
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Wintermute withdrew $40 million in SOL ahead of a $2-billion token unlock, raising concerns over selling pressure as market sentiment worsens.
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