Sam Bankman-Fried filed a motion for a new trial on Feb. 10, advancing a claim that reframes FTX's collapse not as fraud-driven insolvency but as a recoverable liquidity crisis. The motion invokes Rule 33 of the Federal Rules of Criminal Procedure, which permits courts to grant new trials when “the interest of justice so requires,” […]
The post Sam Bankman-Fried requests new trial claiming FTX had $16.5 billion surplus in 2022, but does it matter? appeared first on CryptoSlate.
FTX’s bankruptcy wind-down is still running on two tracks: returning money to creditors while trying to take it back from others.
Mt. Gox-linked Bitcoin (BTC) wallets moved roughly 10,600 BTC on Nov. 17, breaking an eight-month silence that had lulled traders into forgetting the estate still controlled nearly $3 billion in legacy coins. The transaction routed about 10,608 BTC to a new, unlabeled address, with the remainder returning to a known Mt. Gox wallet. Timing turned […]
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Sam Bankman-Fried is again challenging the core narrative of his downfall: that FTX was insolvent when it collapsed in November 2022. In a 15-page report written from prison and dated Sept. 30, the convicted founder claimed the exchange “was never insolvent” but merely trapped in a “liquidity crisis” after customers pulled $5 billion in two […]
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Mt. Gox just pushed its repayment deadline again from this Friday to Oct. 31, 2026, with court approval. The one-year extension, effectively diffuses near-term sell pressure, turning what could have been a sharp supply event into another drawn-out administrative cycle. Much like prior phases, repayments are expected to filter through exchanges, custodians, and OTC venues […]
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Iran’s financial system just suffered one of its most dramatic implosions in years. The country’s Central Bank declared Ayandeh bank, one of its largest private lenders, bankrupt and its assets were absorbed by the state. Founded in 2012 with over 270 branches nationwide, Ayandeh bank had accumulated $5.2 billion in losses and nearly $3 billion in debt, […]
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A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.
Creditors of the collapsed crypto exchange FTX are facing another round of fraud, this time through a fake airdrop scheme. Sunil Kavuri, a popular FTX creditor advocate, warned on Sept. 24 that community members are being targeted with phishing emails exploiting information stolen in the Kroll data breach. Kavuri shared a screenshot of the message, […]
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FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It […]
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FTX creditors will receive $1.6 billion on Sept. 30 in the third major distribution since the exchange’s 2022 collapse, bringing some customers to 95% cumulative recovery rates. According to the FTX Recovery Trust’s Sept. 19 announcement, creditors must complete multiple verification steps through the FTX Customer Portal before receiving payments, which take one to three […]
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The latest round of redistributions marks another step in the bankruptcy estate’s plan to make creditors whole after the 2022 collapse of Sam Bankman-Fried's exchange.
FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange. The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Kroll’s handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals. According to the […]
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Chinese creditors affected by FTX’s latest legal maneuver are ramping up efforts to challenge the bankrupt exchange’s request to delay payouts to users in 49 jurisdictions with restrictive or uncertain crypto laws. The group is turning to US courts and regulators, raising concerns about fairness, transparency, and procedural integrity. Speaking with CryptoSlate, a Chinese creditor […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Celsius has accused Tether of improperly liquidating nearly 40,000 bitcoins in order to cover an outstanding loan while it was on the precipice of bankruptcy in 2022.
WazirX, once India’s largest crypto exchange by trading volume, has secured a crucial extension from Singapore’s High Court as it struggles to recover from a devastating $234 million hack and a year of growing user frustration. In a statement posted on social media, WazirX confirmed that the court will allow it to present new arguments […]
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FTX’s bankruptcy lawyers have pushed back forcefully against a $1.53 billion claim filed by failed crypto hedge fund Three Arrows Capital (3AC), calling the demand “illogical” and warning that it would unfairly drain funds from FTX’s legitimate creditors. In new court documents submitted on June 20, FTX’s legal team asked a Delaware bankruptcy judge to […]
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Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto lender. According to newly filed court documents, Mashinsky and entities associated with him, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, will be excluded from any future distributions under the Celsius bankruptcy plan. The […]
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FTX, the bankrupt crypto exchange, has added Payoneer to its creditors’ repayment options, according to a June 10 statement. The new company would serve as an additional asset distribution channel, alongside BitGo and Kraken. Payoneer operates a global payments platform across more than 190 countries and territories. Under the agreement, Payoneer will help distribute funds […]
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The country has been beefing up its crypto work as digital assets have soared in popularity.
Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially influencing trading behavior and asset flows as funds reach affected creditors this week. The FTX Recovery Trust began distributing more than $5 billion in stablecoins on May […]
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BitGo has reportedly initiated the second phase of FTX’s repayment process, marking another milestone in the exchange’s long-awaited recovery effort. On May 27, FTX creditor Sunil Kavuri reported that user accounts had been credited through BitGo as part of the repayment rollout. However, these funds will remain locked from trading until May 30. He said: […]
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Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]
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Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative […]
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Genesis Global filed two new lawsuits against DCG and its executives for 'recklessly operating' subsidiary Genesis towards bankruptcy.
FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust. Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […]
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Backpack has officially opened the withdrawal window for former FTX EU customers, marking a major step in returning lost funds to the defunct exchange users across Europe. The claims process went live on May 12, following Backpack’s earlier acquisition of FTX’s European arm in January 2025. According to a notice on its website, the exchange […]
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Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind the fast-rising AI code editor Cursor. The now-defunct crypto exchange, through its trading arm Alameda Research, had invested $200,000 in Anysphere during its 2022 seed round. However, bankruptcy managers sold the […]
The post FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K appeared first on CryptoSlate.
FTX has launched new legal action against NFT marketplace NFT Star and AI platform Delysium, stepping up efforts to recover missing assets for its creditors. The bankrupt crypto exchange accuses both companies of failing to deliver tokens purchased under binding Simple Agreements for Future Tokens (SAFTs), a standard fundraising method crypto startups use before a […]
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NBA Champion Shaquille O’Neal has reached a confidential settlement with a group of investors who sued him over his role in promoting the now-defunct crypto exchange FTX. A court filing submitted on April 23 revealed that both parties have reached a proposed resolution and will now seek court approval to move forward. The agreement, signed […]
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