FTX Token News

Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud.

Lawyers struggled for months to serve O’Neal as part of a broader $21 billion lawsuit involving celebrity FTX promoters.

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

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.

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.

FTX creditor and advocate Sunil Kavuri shared the list of countries, which includes Russia, China, Egypt, Nigeria and Ukraine.

FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange’s bankruptcy proceedings.

FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.

The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.

Tether’s market share has surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influence over the crypto industry.

The group of creditors, led by Sunil Kavuri, cited several concerns, including forced taxation, which would compromise creditors’ best interests.

U.S. prosecutors demanded “just punishment” fitting the scale of his crime, but Salame’s lawyers argue that he should serve no more than 18 months.

Here’s how the crypto industry evolved following one of its most notorious black swan events, the downfall of the FTX exchange, which caused $8.9 billion of lost user funds.