FTX has already distributed $7.1 billion: the next round could take place in early 2026

Approximately $7.1 billion has been paid out to date in payouts issued by the FTX Recovery Trust under plan administrator John J. Ray III. FTX creditor representative Sunil Kavuri said the bankrupt exchange has now completed three rounds of payouts of about $7.1 billion. The bankruptcy of the now defunct crypto exchange, which collapsed in […]

SBF claims the Biden administration targeted him for political donations: critics were not swayed

Critics are unconvinced by SBF’s latest antics, claiming his story is a well-funded lobbying attempt to recast the collapse of the FTX as political persecution. Sam Bankman-Fried, the disgraced founder of FTX who is now serving a 25-year prison sentence for defrauding clients of billions, has reignited the controversy by labeling his 2022 arrest as […]

SBF’s ‘GM’ Tweet Sparks speculation of comeback in the midst of new Solana-based Perp Dex

A “GM” tweet from Sam Bankman-fried time has speculated from his crypto-comeback, which links it to a new Solana-based eternal futures DEX launched by a former FTX COO. The project uses a “tokenless” model that rewards users with points and draws parallels with the success of SBF with the “Solana Playbook”. The Solana Playbook The […]