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Shaquille O’Neal settles lawsuit over FTX endorsements amid ongoing bankruptcy drama

Leave a Comment / Bankruptcy, Exchanges, FTX, Legal / best time

NBA Champion Shaquille O’Neal has reached a confidential settlement with a group of investors who sued him over his role in promoting the now-defunct crypto exchange FTX. A court filing submitted on April 23 revealed that both parties have reached a proposed resolution and will now seek court approval to move forward. The agreement, signed […]

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Shaquille O’Neal reaches settlement in FTX lawsuit

Leave a Comment / FTX, Policy and Regulation / best time

O’Neal was among several high-profile celebrities and athletes accused of endorsing FTX. Other celebrities named in similar legal actions include NFL quarterback Tom Brady, supermodel Gisele Bündchen. This is O’Neal’s second high-profile crypto-related settlement in recent months. Shaquille O’Neal has reached a confidential settlement with investors who alleged losses tied to

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US DOJ reviews crypto compensation rules amid valuation concerns

Leave a Comment / Bankruptcy, crypto, DOJ, Featured, FTX, Legislation, Regulation, US / best time

The US Department of Justice (DOJ) has initiated a review of how victims of digital asset fraud are compensated, following concerns over outdated valuation methods. According to a recent internal DOJ memo, many investors affected by crypto platform collapses, such as FTX, Celsius, Voyager, Genesis, BlockFi, and Gemini Trust, have only received reimbursement based on

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FTT leads Binance delisting vote with 11.1% of community support

Leave a Comment / Altcoins, Binance, FTX, Markets / best time

Voting ran from April 10 to April 16, 2025. ZEC and JASMY followed with 8.6% of the votes each. Binance says votes won’t be sole factor for delisting. FTT, the native token of collapsed exchange FTX, is facing renewed pressure as it topped Binance’s second “Vote to Delist” round with 11.1% of the community votes.

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Solana unlock releases 0 million in SOL amid waning investor interest

Solana unlock releases $200 million in SOL amid waning investor interest

Leave a Comment / Featured, FTX, Solana, Tokens / best time

Solana has experienced its largest single-day token unlock, with more than $200 million worth of SOL entering circulation as investor interest in the network weakens. According to blockchain analytics platform Arkham Intelligence, over 1.3 million SOL tokens were released from staking on April 4. The firm reported that this is the biggest single unlock of

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FTX EU Repayment in View as Backpack Begins Verification

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Key Notes Backpack has started the inaugural process that will see FTX EU refunding. The exchange acquired FTX EU with a commitment to repaying creditors. FTX Bahamas commenced repayments earlier last year. Backpack crypto exchange has opened the verification process for former FTX EU customers, marking a key step in the long-awaited repayment process. This

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FTX Estate to Begin Repaying Main Creditors .4B in Cash by May 2025

FTX Estate to Begin Repaying Main Creditors $11.4B in Cash by May 2025

Leave a Comment / Bankruptcy, Crypto News, FTX / best time

The bankrupt cryptocurrency platform FTX aims to initiate repayments to primary creditors by May 30, 2025, deploying an $11.4 billion liquidity pool amassed since its 2022 downfall, Bloomberg revealed this week. Bankrupt FTX Creditors to Receive Payouts Having sought Chapter 11 protection in November 2022 amid a liquidity shortfall and fraud disclosures, the firm has

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Sam Bankman-Fried Transferred to Oklahoma Prison After Defying Interview Rules

Leave a Comment / crypto exchange, Crypto News, Cryptocurrency, FTX, Sam Bankman-Fried, SBF, Tucker Carlson / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sam Bankman-Fried, currently serving a 25-year prison term, has a new home after completing an unauthorized interview with Tucker Carlson. Before the interview, SBF was housed at the Metropolitan Detention in Brooklyn, where the March 25th remote interview was conducted. The Brooklyn

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