Silicon Valley law firm Fenwick & West — which served as FTX's lead outside counsel before the crypto exchange's collapse — has reached a settlement with FTX users in a federal lawsuit alleging the firm helped facilitate Sam Bankman-Fried's $8 billion fraud. The settlement terms will
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, filed a request for a new trial in Manhattan federal court on 10 February, after firing his attorney and opting to represent himself in a 35-page pro se motion filed on his behalf by his mother, Barbara Fried, a Stanford Law School
Caroline Ellison, former CEO of Alameda Research and ex-partner of Sam Bankman-Fried, was released from Federal Bureau of Prisons custody on 22 January after approximately 14 months of incarceration. Ellison was sentenced to two years in prison in September 2024 after pleading guilty to seven counts, including wire fraud and
Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, appeared before a three-judge panel of the Second U.S. Circuit Court of Appeals in New York on 4 November, where his defence team sought to overturn his conviction on seven counts of fraud and conspiracy and his 25-year prison sentence, citing
Sunil Kavuri, head of FTX's largest creditor group, has highlighted that the 143% fiat payout promised under the bankruptcy plan presents a misleading picture of actual recovery, as cryptocurrency prices have surged dramatically since the 2022 collapse. In real crypto terms, creditors may recover only 9–46% of
Bankrupt crypto exchange FTX issued an official security warning after phishing campaigns targeted creditors expecting payments in the third distribution round. Scammers are impersonating Kroll Restructuring Administration and the FTX Recovery Trust through fraudulent emails directing victims to spoofed websites mimicking the official FTX Customer Portal. The third payout round
The plea deal struck by Ryan Salame, former co-CEO of FTX Digital Markets, sits at the heart of the criminal case against his wife Michelle Bond, which returned to court on 25 September 2025 for an evidentiary hearing in the U.S. District Court for the Southern District of New
The FTX Recovery Trust announced on 19 September 2025 its third major distribution, returning approximately $1.6 billion to affected creditors starting on 30 September. The payout forms part of the ongoing Chapter 11 bankruptcy proceedings following the collapse of the FTX crypto exchange in November 2022, with funds to
The FTX and Alameda bankruptcy estate redeemed approximately 192,000 SOL tokens from staking positions on 11 September 2025, valued at roughly $44.9 million. The transaction forms part of the estate's established monthly liquidation strategy designed to convert staked assets into liquid funds for creditor repayments. According
