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Published: August 20, 2024   |   Last Updated: August 20, 2024
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September 25, 2024

Caroline Ellison Sentenced to Two Years for Role in FTX Collapse

Former Alameda CEO Caroline Ellison will serve two years in prison for her involvement in the collapse of FTX, following her cooperation with authorities. Key points: Two-year sentence: Ellison received two years for her role in FTX's downfall. Pled guilty in 2022: She admitted to conspiracy and fraud charges. Forfeiting $11 billion: She must give......

July 17, 2024

FTX and CFTC Reach Landmark $12.7 Billion Settlement

Troubled crypto exchange FTX has reached an agreement with the U.S. Commodity Futures Trading Commission (CFTC). The duo agreed to shake hands on a $12.7 billion settlement. If the settlement is approved, it could pave the way for the exchange's reorganization and provide a measure of closure for its creditors. Key points: Settlement comprises $8.7......

May 8, 2024

🥛 FTX Creditors Rejoice❓

Today’s edition is brought to you by Safe{Wallet} – a decentralized custody protocol and collective asset management platform that secures over $100 billion in digital assets with multi-layered security. Secure your digital future — explore Safe{Wallet} today. GM. This is Milk Road, welcome back to your DAILY crypto news and please excuse the sour milk in yesterday’s......

April 22, 2024

Sam Bankman-Fried Plans To Strike A Deal with FTX Customers

In a recent development, Sam Bankman-Fried, the convicted founder of the collapsed cryptocurrency exchange FTX, has reached a settlement agreement with a group of FTX customers who had filed a class action lawsuit against him. The agreement was filed in a Miami court on Friday and is yet to be approved by a judge. If......

April 11, 2024

FTX Founder Sam Bankman-Fried to Challenge 25-Year Prison Term

Sam Bankman-Fried, the disgraced co-founder of the now-defunct cryptocurrency exchange FTX, has formally initiated the process to appeal his conviction and the 25-year prison sentence. SBF lodged an appeal in the Manhattan federal court on Thursday, following his sentencing to over 25 years in prison by Judge Lewis A. Kaplan. Key points: Sam Bankman-Fried has......

April 10, 2024

Former FTX Executive Ryan Salame’s Sentencing Rescheduled to May 28

Ryan Salame, a former executive of the collapsed cryptocurrency exchange FTX, will face sentencing on May 28 in a New York courtroom. The sentencing, which was originally set for May 1, has been rescheduled for reasons that remain unclear. Salame is scheduled to appear before Judge Lewis Kaplan of the United States District Court for......

April 5, 2024

FTX Bankruptcy Estate Sells Majority of $2.6 Billion Solana Token Hoard

The bankruptcy administrators of the collapsed cryptocurrency exchange FTX have sold approximately two-thirds of a $2.6 billion stash of Solana (SOL) at a heavily discounted price. The deal attracted interest from prominent industry players such as Galaxy Trading and Pantera Capital. According to the details shared by Bloomberg, the deal saw between 25 million and......

March 28, 2024

Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud

Sam Bankman-Fried, the disgraced founder and former CEO of the now-defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison by a Manhattan court. The sentencing comes after Bankman-Fried's conviction in November on seven counts of fraud and conspiracy related to the operation and subsequent collapse of FTX. The collapse of FTX resulted in the......