Tag: Sam Bankman
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FTX Set to Begin Customer Repayments from 3rd Jan ’25
More than two years after its collapse, FTX plans to start repaying customers and creditors early in 2025. The company announced it will implement its Chapter 11 Plan of Reorganization on January 3, 2025. “We are well positioned to begin executing the distribution of recoveries back to all customers and creditors,” said FTX CEO John…
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SBF to demand new verdict in FTX case
Former FTX CEO Sam Bankman-Fried is appealing his 25-year prison sentence following his trial in late 2023. The court found Bankman-Fried guilty of defrauding investors of over $8 billion, but his new attorney, Alexandra A.E. Shapiro, claims the trial was flawed. She argued that Judge Kaplan, who presided over the case, presumed Bankman-Fried’s guilt and…