FTX Token (FTT) news

The FTX estate plans to start distributions by March 2025

FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

The psychological threshold of $100,000 for BTC is imminent, and the options market indicates that the expected price will rise rapidly

FTX co-founder won’t serve time in prison, judge rules

Prosecutors argued that FTX co-founder Gary Wang cooperated in their case against former FTX CEO Sam Bankman-Fried

Gary Wang sentenced to time served in FTX fraud case

Former FTX and Alameda digital executives were sentenced to a total of 34.5 years in prison

FTX co-founder Gary Wang sentenced to time served

Gary Wang Avoids Prison Time: Credited For Cooperation With Prosecutors, Played Minor Role Compared To Co-Defendants In FTX Fraud

FTX co-founder Gary Wang avoids prison time in crypto fraud case

FTX Co-Founder Wang Avoids Prison for Cooperation Against SBF

Judge Kaplan acknowledged the magnitude of the case, describing it as one of the largest financial frauds in U.S. history.

FTX’s Gary Wang Gets No Prison Time

FTX founder Sam Bankman-Fried is currently serving 25 years in federal prison.

Another FTX Fraudster Walks as Judge, Prosecutors Gush Over Cooperation

US Judge Spares Former FTX Exec Gary Wang from Prison Time

FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion

Judge Lewis Kaplan ruled no prison time for FTX co-founder Gary Wang, citing his cooperation in the case. The judge sentenced him to time served, three years of supervised release, and ordered the forfeiture of $11 billion. Attorney Nicolas Roos states Wang’s immediate decryption of FTX’s code had significantly helped in the investigation’s progress

FTX plans to start reimbursing users by March 2025 as restructuring wraps up

Quick Take According to a statement on Thursday, the firm expects its reorganization efforts to likely wrap up early next year, “paving the way for FTX to begin creditor and customer distributions.”

Bitcoin Maxi Saylor Softens Stance on Altcoins, Sort Of

Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Government: Report

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

Quick Take FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from Th

FTX co-founder Gary Wang receives no prison time following fallout of crypto exchange: reports

Quick Take Gary Wang pleaded guilty in December 2022 to fraud-related charges following the collapse of FTX a month earlier. Bankman-Fried and Wang first met at a summer math camp during high school and maintained their friendship through college at MIT.

US Attorney Who Prosecuted FTX’s  Sam Bankman-Fried to Leave Office 

Damian Williams, known for prosecuting high-profile crypto cases like FTX’s Sam Bankman-Fried, plans to step down as U.S. Attorney before Trump’s return.

What happened in crypto this week

After Yesterday’s Development, Good News Came from the US Prosecutor to the Sector: “We Will Focus Less on Enforcement on Cryptocurrencies”

A new statement came from US authorities that is reassuring for the cryptocurrency sector. They will focus less on crypto cases.

Manhattan US Attorney’s Office to Limit Crypto cases

New SDNY US Attorney to Cool Down Crypto Crackdowns after Bankman-Fried Conviction

The SDNY plans to wind down crypto fraud prosecutions, coinciding with Trump's nomination of crypto ally Jay Clayton for US Attorney. However, ongoing cases like Sam Bankman-Fried's appeal and the leadership of Letitia James pose challenges to an immediate shift.

Trump picks ex-SEC chair Jay Clayton as US Attorney for Manhattan

Trump Names Ex-SEC Chair to DOJ Office

Jay Clayton Nominated as Manhattan U.S. Attorney by Trump

Trump nominates ex-SEC Chair Jay Clayton for Manhattan U.S. Attorney. Clayton lacks criminal law experience but has a strong background in finance. Clayton’s appointment may face less resistance compared to past Trump picks.

DOJ targets $16M in Binance crypto tied to SBF case

US gov’t points to Gary Wang’s ’outstanding cooperation’ in FTX case

DOJ to Seize $16M in FTX Bribes, Mostly in Solana