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3 days ago · FTX argues that these lawsuits could deplete a significant recovery fund. The company claims to have amassed an estimated $16 billion to compensate its customers. However, the ongoing ...
4 days ago · The settlement depends on the court’s approval of FTX’s reorganization plan. Under the settlement, the IRS would agree to resolve its $24-billion claim, receiving $200 million in priority tax ...
2 days ago · Sam Bankman-Fried is the former CEO of FTX, the now-bankrupt and notorious cryptocurrency exchange. He was sentenced to 25 years and fined $11 billion for fraud and conspiracy. Sam Bankman-Fried ...
4 days ago · NEW YORK (Reuters) – FTX on Tuesday asked a U.S. judge to stop outside litigation against company insiders and venture capital firms accused of playing a role in the bankrupt crypto exchange’s collapse, saying the lawsuits undermine FTX’s own effort to repay customers. The lawsuits, including class action complaints filed by FTX customers ...
4 days ago · By Dietrich Knauth. NEW YORK (Reuters) – FTX on Tuesday asked a U.S. judge to stop outside litigation against company insiders and venture capital firms accused of playing a role in the bankrupt crypto exchange’s collapse, saying the lawsuits undermine FTX’s own effort to repay customers.
5 days ago · Social news aggregator Reddit has partnered with a prominent crypto exchange, FTX. The partnership seems to come in an attempt to embrace crypto payments in a new dimension. As revealed, the ...
3 days ago · Updated: Jun 4, 2024 / 09:54 AM CDT. ( WJET/WFXP) — FTX, the now-bankrupt cryptocurrency exchange, announcing a proposed settlement for a nearly $24 billion tax claim with the IRS for $885 ...
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