The U.S. Securities and Exchange Commission has moved to permanently sideline key architects of the FTX fraud, proposing settlements that ban three former executives from corporate leadership for up to a decade. These agreements with Sam Bankman-Fried’s inner circle—Caroline Ellison, Gary Wang, and Nishad Singh—mark a decisive regulatory conclusion to their roles in the multi-billion dollar collapse, rewarding their cooperation with prosecutors while ensuring they cannot repeat their offenses in public markets.
about SEC Settles with FTX Insiders, Bars Them from Corporate LeadershipJohn J. Ray III
0 posts last weekFTX Witness Ellison Moved to Home Confinement After 11 Months
Caroline Ellison, the former Alameda Research CEO whose pivotal testimony helped convict Sam Bankman-Fried, has been transferred to community confinement after serving roughly 11 months of a two-year sentence. This significant development allows her to complete her term at home or in a halfway house, with her release now expected nearly nine months earlier than originally scheduled, marking a new chapter in the aftermath of the FTX collapse.
about FTX Witness Ellison Moved to Home Confinement After 11 MonthsFTX Distributes $7.1B to Creditors, Next Payout Set for 2026
FTX has distributed approximately $7.1 billion across three payout rounds to creditors of the collapsed crypto exchange, marking significant progress in one of history’s largest cryptocurrency bankruptcies. The bankrupt estate expects to conduct its next distribution in January 2026, pending confirmation in December, while convicted founder Sam Bankman-Fried continues to challenge the official narrative from federal prison, creating ongoing controversy around the proceedings.
about FTX Distributes $7.1B to Creditors, Next Payout Set for 2026SBF Claims FTX Was Solvent, Faces Backlash Over Comments
Convicted FTX founder Sam Bankman-Fried has ignited fresh controversy by asserting the cryptocurrency exchange was never insolvent and blaming bankruptcy managers for destroying billions in value. His social media comments endorsing allegations of deliberate mismanagement by court-appointed CEO John J. Ray III triggered immediate backlash from investigators and venture capitalists who accused him of attempting to rewrite history. The online firestorm comes as Bankman-Fried’s legal team faces skepticism from appellate judges during hearings to overturn his fraud conviction.
about SBF Claims FTX Was Solvent, Faces Backlash Over CommentsSBF: FTX Handover Was ‘Biggest Mistake’
Disgraced FTX founder Sam Bankman-Fried claims his decision to hand over control of the cryptocurrency exchange to new management was the critical error that prevented him from saving the company from collapse. The former CEO, now serving a 25-year prison sentence for fraud, maintains that this single move cost him a last-minute rescue opportunity that could have averted the $8.9 billion investor loss. This revelation comes as Bankman-Fried reflects on the catastrophic November 2022 implosion from his prison cell, insisting he could have salvaged the $32 billion empire.
about SBF: FTX Handover Was 'Biggest Mistake'FTX Sues Genesis Digital for $1.15B Over Bankman-Fried Fraud
FTX’s new management has filed a $1.15 billion lawsuit against Bitcoin miner Genesis Digital Assets, alleging former CEO Sam Bankman-Fried used commingled customer funds for inflated investments. The lawsuit claims these transactions represent ‘archetypical fraudulent transfers’ during FTX’s final months. This marks the latest effort by restructuring CEO John J. Ray III to recover assets for defrauded customers.
about FTX Sues Genesis Digital for $1.15B Over Bankman-Fried FraudFTX Repays $1.6B to Creditors in Third Distribution
The FTX Recovery Trust has announced its third distribution of $1.6 billion to former clients of the bankrupt crypto exchange, marking another critical step in repaying creditors following one of the largest financial frauds in American history. This payment, processed through major platforms including Bitgo, Kraken, and Payoneer, will see creditors receive between 78% and 120% of their claim values from November 2022, when FTX collapsed amid criminal mismanagement by founder Sam Bankman-Fried.
about FTX Repays $1.6B to Creditors in Third DistributionFTX to Distribute $5B to Creditors Starting May 30
The FTX Recovery Trust has announced its second major creditor payout, distributing over $5 billion starting May 30. Creditors are divided into five classes, with payouts ranging from 54% to 120%, depending on their classification. Eligible parties will receive funds via Bitgo or Kraken within one to three business days, though opting for these providers forfeits direct cash payments from FTX. The trust, led by John J. Ray III, emphasized this as a milestone in maximizing creditor recoveries. Meanwhile, FTX continues legal actions to reclaim withheld assets, including lawsuits against NFT Stars Limited and Delysium. Despite progress, critics argue repayments based on bankruptcy-era crypto valuations shortchange creditors compared to current market values. Total repayments could eventually reach $16.5 billion if all claims are filed.
about FTX to Distribute $5B to Creditors Starting May 30FTX to Distribute $5B to Creditors Starting May 30
FTX’s Recovery Trust has announced the second phase of creditor repayments, with over $5 billion set to be distributed starting May 30. This follows the exchange’s 2022 bankruptcy, which revealed $8 billion in missing customer funds due to mismanagement. Eligible claimants include Class 5 (Customer Entitlement Claims) and Class 6 (General Unsecured Claims), with payments processed via approved platforms like BitGo and Kraken. John J. Ray III, overseeing the restructuring, called this a significant milestone. The payout structure allocates 61% to General Unsecured Claims, while Convenience Claims receive 120%. Earlier in February 2025, FTX paid out $1.2 billion to smaller claimants. Future distributions may occur based on additional asset recoveries.
about FTX to Distribute $5B to Creditors Starting May 30FTX Creditors to Get $5B in Bankruptcy Payouts May 30
FTX creditors are set to receive more than $5 billion in distributions starting May 30, with payouts ranging from 54% to 120% of their claims, depending on creditor class. The FTX Recovery Trust confirmed the second phase of its bankruptcy plan, covering over 90% of creditors, while the remaining less than 10% will receive funds later. The distributions follow an initial phase in February that paid out $1 billion to smaller claimants. The process reflects the massive fallout from FTX’s 2022 collapse, even as the crypto industry rebounds with regulatory shifts and growing institutional adoption. Key players like BitGo and Kraken will facilitate the payouts within days of the May 30 deadline.
about FTX Creditors to Get $5B in Bankruptcy Payouts May 30FTX to Distribute $5B to Creditors Starting May 30
The FTX Recovery Trust announced it will distribute over $5 billion to creditors starting May 30, as part of its Chapter 11 Plan of Reorganization. Eligible claimants who completed pre-distribution steps will receive funds via BitGo or Kraken within one to three business days. This is the second major payout since FTX’s bankruptcy in November 2022, following an earlier round in February that fully reimbursed smaller creditors (under $50,000) with 9% interest. The Trust’s administrator, John J. Ray III, called this an ‘important milestone’ in one of the most complex creditor payment operations due to the scale of the creditor base. Payout percentages vary by claim class, ranging from 54% for US-based customers to 120% for smaller convenience claims. A total of $16 billion has been allocated for repayments, with future payment dates to be disclosed as the process continues.
about FTX to Distribute $5B to Creditors Starting May 30FTX Announces May 2025 Repayment Round for Creditors and Customers
FTX has scheduled its next repayment round for May 30, 2025, targeting creditors with verified claims, including customers and vendors. Creditors must verify claims by April 11 to qualify, with expectations that 98% will receive at least 118% of their claim value in cash. The total distribution is estimated between $14.5 billion and $16.3 billion, as the crypto market reacts to the potential impacts of these repayments.
about FTX Announces May 2025 Repayment Round for Creditors and Customers