Nearly three years after the catastrophic collapse of cryptocurrency exchange FTX, the legal fallout continues to unfold in courtrooms, with the latest chapter focusing on Michelle Bond, wife of imprisoned former FTX Digital Markets co-CEO Ryan Salame. This week, Bond returns to the US District Court for the Southern District of New York for an evidentiary hearing, where her legal team is fighting prosecutors’ objections to allow her testimony. The outcome could have significant implications for Salame’s plea agreement on campaign finance fraud charges, demonstrating that the legal battles stemming from one of history’s largest financial frauds are far from over.
about FTX Fallout: Salame's Wife Fights to Testify in CourtFTX Digital Markets
0 in Finance and 0 in Crypto last weekFTX Ties: Michelle Bond Seeks Dismissal of Charges
Michelle Bond, linked to the collapsed cryptocurrency exchange FTX through her husband Ryan Salame, is fighting to dismiss her campaign finance charges. In a recent court filing, her lawyers claim prosecutors misled Salame into a plea deal by promising not to charge Bond—a promise allegedly made verbally but omitted from written agreements. Bond’s legal team argues this undermines the integrity of the plea process, as Salame’s cooperation was secured under false pretenses. The case highlights ongoing legal fallout from FTX’s collapse and raises questions about prosecutorial tactics in high-profile crypto cases.
about FTX Ties: Michelle Bond Seeks Dismissal of ChargesFederal Court Seizes Over One Billion Dollars in Sam Bankman-Fried Assets
A federal court has seized over $1 billion in assets from Sam Bankman-Fried, including $606 million in Robinhood stock, cryptocurrencies, private jets, and political donations. The extensive list includes two private jets and over 250 political contributions linked to fraud charges. Additionally, significant financial accounts tied to FTX and Alameda Research were also confiscated, with creditors set to receive 119% of their initial balance following the collapse of FTX.
about Federal Court Seizes Over One Billion Dollars in Sam Bankman-Fried AssetsFTX Begins Repayments to Creditors Signaling Potential Crypto Market Recovery
FTX Digital Markets will begin repaying its first group of creditors on February 18, 2025, focusing on those with claims of $50,000 or less, distributing approximately $1.2 billion. While this may signal a recovery in the crypto market, many smaller creditors might opt to save their repayments or invest in traditional assets instead of returning to crypto. Larger creditors are still awaiting repayment plans, with total distributions expected to reach between $14.7 billion and $16.5 billion.
about FTX Begins Repayments to Creditors Signaling Potential Crypto Market RecoveryFTX to Begin Repayments to Creditors in February 2025
FTX Digital Markets will begin repaying its first group of creditors on February 18, 2025, focusing on those with claims of $50,000 or less, distributing approximately $1.2 billion. While this may signal a recovery in the crypto market, many smaller creditors might opt to invest in traditional assets instead of returning to cryptocurrencies. Larger creditors are still awaiting repayment plans, with total distributions expected to reach between $14.7 billion and $16.5 billion.
about FTX to Begin Repayments to Creditors in February 2025FTX Begins Repaying Creditors as Memecoin Scandals Impact Solana
FTX is set to begin repaying $1.2 billion to creditors on February 18, marking a significant step in the exchange’s bankruptcy recovery after its $9 billion collapse. Meanwhile, Argentine President Javier Milei denied promoting the failed Libra memecoin, which has led to lawsuits against him. Additionally, sentiment around Solana’s SOL coin is turning bearish as traders react to recent memecoin scandals, with the long to short position ratio dropping significantly.
about FTX Begins Repaying Creditors as Memecoin Scandals Impact SolanaFTX Begins Repaying Bahamas Creditors Starting February Eighteenth
FTX will commence repayments to Bahamas-based creditors on February 18, starting with claims under $50,000, categorized as “Convenience Class.” Eligible creditors will receive 100% of their claim value plus 9% interest, with payments processed by BitGo. This marks a significant step in the recovery process nearly three years post-collapse, although other former FTX users must wait until March 4 for their reimbursements.
about FTX Begins Repaying Bahamas Creditors Starting February Eighteenth