FTX

Coldcard losses are nearing $114 million as Bitcoin transfers under 1 BTC surge to levels last seen after the FTX collapse. Galaxy Research has warned of a potential fourth wave of thefts linked to the activity.

The $89 million Coldcard exploit has caused investors to send Bitcoin back to exchanges, contrasting with the FTX collapse. The incident highlights a security issue in cryptocurrency exchanges.

A legal case involving the defunct crypto exchange FTX is progressing, a soldier is attempting to dismiss a lawsuit over a Polymarket bet, and a former congressman was ordered to pay $35,000 for manipulative trading activities.

Former FTX users are receiving funds through a $900 million distribution to compensate for losses in 2022. Distribution agents have started releasing money to reimburse creditors.

The collapse of FTX in 2022 revealed that customer deposits were diverted to an affiliated trading firm, creating a trust deficit in crypto exchanges. Users previously trusted exchanges to hold their assets, but this incident highlighted the need for proof of reserves to ensure transparency.

Coinbase settled a FOIA lawsuit with the SEC, which admitted destroying nearly a year of texts from former Chair Gary Gensler during a critical period in crypto regulation. The SEC agreed to pay $150,000 and improve record-retention policies. Coinbase argued the agency violated its own rules by failing to preserve communications related to crypto enforcement actions.

FTX is distributing $900 million to creditors in its fifth payment round. The FTX Recovery Trust and company have distributed approximately $10 billion since the exchange filed for bankruptcy, with users remaining unable to access their funds.

FTX will distribute approximately $900 million to creditors in its fifth wave of payouts. The company's bankruptcy estate has distributed nearly $10 billion to creditors and other claimants since repayments began in 2025.

The U.S. Senate passed a resolution stating Sam Bankman-Fried should never receive a pardon or commutation, sponsored by Senators Cynthia Lummis and Ruben Gallego. The nonbinding resolution follows Bankman-Fried's pardon application and reaffirms commitment to financial system integrity.

The US Senate passed a nonbinding resolution opposing any clemency for Sam Bankman-Fried, stating he should 'under no circumstances' receive a pardon.

The U.S. Senate unanimously opposes clemency for Sam Bankman-Fried, founder of FTX. The decision reflects a collective stance against granting legal relief in his case.

Michelle Bond, wife of an FTX executive, is scheduled for a November trial on campaign finance charges after a Manhattan judge denied a motion to dismiss the indictment, which was based on claims that prosecutors misled her husband about her charges.

Michelle Bond, wife of Ryan Salame, will face campaign finance charges after a federal judge denied her request to dismiss them. The charges relate to an FTX-funded congressional campaign.

Defunct crypto exchange FTX gained exposure to SpaceX in 2022, and the rocket-maker’s post-IPO rally has lifted hopes among creditors.

US lawmakers have expressed concerns about a potential presidential pardon for Sam Bankman-Fried. He is currently serving a 25-year sentence after being found guilty on seven felony charges related to the misuse of customer funds.

Two senators introduced a resolution opposing Sam Bankman-Fried's pardon, arguing his 25-year sentence for fraud and money laundering serves justice. His clemency request is pending, with bipartisan opposition in Congress.

Sens. Lummis and Gallego urged Trump not to pardon Sam Bankman-Fried, who was found guilty on seven counts related to defrauding FTX customers, lenders, and investors.

Senators Gallego and Lummis introduced a bipartisan resolution opposing any clemency for SBF, the FTX fraudster. The resolution seeks to formally record the chamber's stance against pardoning SBF under any circumstances.

FTX held a 7.84% diluted stake in Anthropic, which is valued at $965B, making the stake worth approximately $75B before further dilution. FTX's customer shortfall was estimated at $8B to $9B, and the estate sold the Anthropic stake during bankruptcy proceedings to repay creditors.

An appeals court has upheld the conviction of Sam Bankman-Fried in a fraud case related to the collapse of the FTX cryptocurrency exchange. The former FTX Chief Executive was charged with fraud over the exchange's bankruptcy.

The Second Circuit Court of Appeal upheld Sam Bankman-Fried's criminal convictions for fraud related to the collapse of his cryptocurrency exchange FTX. The court rejected his claims of judicial bias and insufficient evidence to prove FTX's insolvency, affirming the 25-year prison sentence and $11 billion forfeiture.

A federal appeals court upheld Sam Bankman-Fried's fraud conviction and 25-year prison sentence, confirming the 2023 trial's fairness and the strength of the government's evidence. The court found he defrauded customers and investors of billions by misusing FTX customer funds for personal expenses and falsifying records.

A federal appeals court upheld the fraud conviction of FTX co-founder Sam Bankman-Fried, affirming his 25-year prison sentence. The court found evidence showed he used customer funds for personal expenses and falsified records, leading to over $11 billion in losses for customers, investors, and lenders.

Sam Bankman-Fried's appeal was denied, maintaining his fraud conviction. He has applied for a pardon from President Trump as his remaining option to avoid prison.

Sam Bankman-Fried of FTX lost his appeal against a criminal conviction for fraud and conspiracy charges. The court upheld his conviction, rejecting his legal challenge.

Sam Bankman-Fried submitted a pardon request to the Department of Justice, but the White House states his chances remain slim. The request follows his 2023 conviction for fraud related to FTX, and President Donald Trump has indicated no plans to grant clemency.

Sam Bankman-Fried has formally applied for a presidential pardon, following months of courting former President Donald Trump through public compliments and interviews. Trump previously stated he would not pardon Bankman-Fried, who is serving a 25-year prison sentence, though he has pardoned other white-collar criminals. Bankman-Fried's FTX held investments in companies like SpaceX and Robinhood, some of which have significantly increased in value.

Sam Bankman-Fried has formally applied for a pardon. The FTX CEO was sentenced for fraud in 2024.

FTX founder Sam Bankman-Fried has formally filed for a pardon from President Trump. President Trump previously ruled out a pardon for Bankman-Fried, but the FTX founder has applied for one regardless.

Sam Bankman-Fried, former leader of crypto platform FTX, who is serving a 25-year sentence, has applied for a pardon. The request was officially submitted on Monday.

Sam Bankman-Fried, the FTX founder, has applied for a presidential pardon from Trump after bankrolling Democrats and losing a $10B fraud case.

Sam Bankman-Fried, founder of FTX, has filed a formal request for a Trump pardon while serving a 25-year federal prison sentence.

Sam Bankman-Fried, founder of FTX, filed a clemency petition with the U.S. Department of Justice seeking a presidential pardon from Donald Trump while serving a 25-year prison sentence for fraud and conspiracy. Trump has publicly rejected the pardon request, and Bankman-Fried is appealing his conviction and sentence.

Sam Bankman-Fried, co-founder of FTX, has applied for a pardon from Trump. He is currently serving a 25-year sentence, which was assigned in 2024.

Former FTX CEO Sam Bankman-Fried is seeking a presidential pardon from Trump, who stated he has no plans to grant clemency.

Bitcoin shows a second weekly bullish divergence on record, a pattern previously linked to a 755% price surge. The signal re-emerges during the FTX-era context, with Bitcoin targeting $90K.

Bitcoin rose about 2% to near $63,000 in an oversold bounce after a week that dragged it below $60,000 and wiped roughly $390 billion off the crypto market. The recovery followed its worst week since the FTX collapse.

Bitcoin and ether are experiencing their worst weekly decline since the FTX collapse, with cryptocurrencies collectively losing $390 billion in value.

Ex-Celsius CEO Alex Mashinsky filed a motion to vacate his 12-year sentence, citing claims involving FTX and a hostile takeover by a former Celsius executive. The former executive was sentenced to time served.

Fenwick & West, the law firm representing FTX, agreed to pay $54 million to victims in a settlement by February 2026. The firm also faces a separate $525 million lawsuit related to its role in the FTX crypto exchange collapse.