FTX Estate Begins Initial Payouts to Creditors Following Bankruptcy
FTX Estate has started distributing $1.2 billion to creditors with claims under $50,000, including 9% accrued interest.
FTX Repayments Coming Soon After Over 2 Years of Waiting
The FTX repayments will be made through FTX Digital Markets, the Bahamas arm of the defunct exchange, which collapsed in November 2022.
Sam Bankman-Fried’s Parents Seek Presidential Pardon
The parents of Sam Bankman-Fried, the disgraced co-founder of the FTX crypto exchange, are reportedly seeking a presidential pardon for their son.
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