FTX
The FTX estate released 193,000 SOL (about $30 million) as part of its scheduled monthly liquidation. Solana trades near $157.90 after a 3.9% drop, with traders watching for potential selling pressure.
On-chain data shows 193,000 SOL tied to Alameda and FTX was unlocked today — roughly $30 million — creating selling pressure even as SOL trades near $158. Traders are watching flows to exchanges for signs of further downside.
Sam Bankman-Fried's lawyers have filed an appeal with the 2nd U.S. Circuit Court of Appeals, seeking to reverse his conviction and assign a new judge for retrial. They argue that the initial trial was rushed and influenced by a presumption of guilt, as new perspectives on FTX's financial situation have emerged since its 2022 collapse.
FTX has received court approval for its bankruptcy plan, enabling it to repay customers fully using $16.5 billion in recovered assets. This marks a significant step towards recovery for the embattled crypto exchange.
FTX, the bankrupt crypto exchange, is set to begin another round of creditor repayments on September 30, 2025, after repaying nearly $6.2 billion. Former CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud and conspiracy. The upcoming payments will be distributed via BitGo, Kraken, and Payoneer, with the disputed claim reserve reduced to $4.3 billion.
FTX is set to make a $1.6 billion repayment to creditors on September 30, 2025, marking its third major payout since the 2022 collapse. Over $6 billion has been recovered so far, with significant repayments across various creditor groups.
Former NBA star Shaquille O'Neal agrees to pay $1.8 million to settle a class action lawsuit related to the FTX crypto exchange collapse, resolving claims from investors who lost funds.