FTX | ForkLog - Part 2

ForkLog 57 31.05.2025

Coinbase Predicts Market Impact of $5 Billion Payout to FTX Creditors

A surge of new liquidity from the $5 billion payout to FTX creditors could positively influence the cryptocurrency market’s dynamics, according to analysts at Coinbase. On May 30, administrators of the bankrupt crypto exchange began distributing $5 billion in fiat and stablecoins. The funds are expected to reach users via BitGo and Kraken within three […]

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ForkLog 21 20.05.2025

Binance Seeks Dismissal of FTX’s $1.76 Billion Lawsuit

Cryptocurrency exchange Binance has filed a motion to dismiss a $1.76 billion lawsuit from FTX. The company’s lawyers described the claims as “legally deficient” and demanded the case be dropped. FTX filed the lawsuit last November, accusing Binance of intentionally withdrawing funds through a 2021 deal. At that time, the former bought back 20% of […]

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ForkLog 44 07.05.2025

Netflix Prepares Series on Bankman-Fried and FTX Collapse

Netflix is set to produce a series about the collapse of FTX. Emmy nominee Julia Garner will portray Alameda Research CEO Caroline Ellison, while the search for an actor to play platform co-founder Sam Bankman-Fried (SBF) continues. Julia Garner to star as Caroline Ellison in a limited series about the collapse of cryptocurrency exchange FTX, […]

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ForkLog 24 30.04.2025

FTX Sues Gaming Platform Delysium Over Unpaid Tokens

The bankrupt exchange FTX has filed lawsuits against the NFT marketplace Stars and the blockchain gaming company Kurosemi, operating under the Delysium brand. The accusation states that both companies failed to deliver tokens owed to the trading platform. (1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token […]

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ForkLog 30 05.04.2025

FTX Rejects Nearly 400,000 Compensation Claims

The liquidators of the bankrupt exchange FTX disqualified at least 392,000 compensation claims as of April 2. The invalidation of claims is due to violations of KYC requirements and affects users who did not initiate the identity verification process by March 3. The firm did not specify the total value of the compensation for the […]

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ForkLog 20 30.03.2025

FTX to Commence Compensation Payments Exceeding $50,000

The liquidators of the bankrupt exchange FTX will begin processing compensation claims of $50,000 and above starting May 30. This was reported by Bloomberg, citing the firm’s lawyers. According to FTX attorney Andrew Dietderich, the funds for these payments will be drawn from the $11.4 billion accumulated since the bankruptcy. The distribution “will take time.” […]

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ForkLog 99 27.03.2025

Sam Bankman-Fried Moved to Transit Center Following Tucker Carlson Interview

FTX founder Sam Bankman-Fried (SBF) has been transferred to a federal transit center in Oklahoma City. According to WSJ, his relocation began on March 26 following an unauthorized video interview with Tucker Carlson from a Brooklyn prison. Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He […]

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ForkLog 25 14.03.2025

3AC Liquidators Raise Claims Against FTX to $1.53 Billion

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt crypto exchange FTX from $120 million to $1.53 billion, according to court documents. Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of […]

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ForkLog 28 13.03.2025

FTX and Alameda Wallets Unstake $23 Million in SOL

Wallets associated with the bankrupt FTX and Alameda have unstaked 185,000 SOL, valued at $22.89 million, according to the analytics service EmberCN. FTX/Alameda 每月十来号的固定 SOL 转出时间：6 小时前从质押赎回 18.5 万枚 $SOL ($22.89M)，然后分发转移给 38 个地址。多数收到 SOL 的地址后续会把 SOL 转进 Coinbase 和 Binance。 FTX/Alameda 质押地址从 2023 年 11 月以来，已经通过上面这种方式累计赎回并转出了 784.5 万枚 SOL ($10.0878… https://t.co/epaUndyaye pic.twitter.com/8hmIMJEb6F — 余烬 (@EmberCN) […]

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ForkLog 20 04.03.2025

FTX and Alameda Wallets Unstake $431 Million in SOL

Addresses linked to the collapsed FTX and Alameda have unlocked 3.03 million SOL valued at $431 million. Of these, 24,799 tokens ($3.38 million) were transferred to Binance, according to analysts at Lookonchain. Of the 3.03M $SOL($431.3M) unstaked by FTX/Alameda today, 24,799 $SOL($3.38M) has been deposited to #Binance.https://t.co/D4j4l4yNuFhttps://t.co/uLkjQFwVId pic.twitter.com/ig2Jl2CcXl — Lookonchain (@lookonchain) March 4, 2025 Data […]

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ForkLog 20 21.02.2025

SBF Labels FTX Collapse a ‘Liquidity Crisis’ and Seeks Pardon

Sentenced to 25 years in prison, FTX founder Sam Bankman-Fried (SBF) reiterated in an interview with The New York Sun that at the time of its collapse, the exchange was solvent but illiquid. He added that the law firm Sullivan & Cromwell mishandled the bankruptcy proceedings. “At that time, there were enough assets to pay […]

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ForkLog 21 18.02.2025

FTX Initiates First Wave of $1.2 Billion Creditor Payouts

Former clients of the bankrupt platform FTX with assets up to $50,000 have begun receiving initial payouts on the Kraken exchange and via the BitGo service.

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