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FTX has received court approval for a significant repayment plan, allowing it to return funds to approximately 98% of its customers worldwide.
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Nishad Singh, former FTX exec and part of the "inner circle" has pleaded guilty to criminal charges in the SBF probe. Singh was involved in code writing, political donations, and fund transfers.
The Singapore state-owned investment firm Temasek Holdings has decided to write down its investment of $275 million in the collapsed crypto exchange FTX. It said that its belief in SBF was misplaced.
The financial regulators in the Bahamas have won a court ruling and appointed liquidators for the FTX unit in the country. The company currently has more than $13 billion in liabilities.
