According to Spot On Chain monitoring, Alameda wallet 0xf02 deposited 4,000 ETH ($14.75 million) into Coinbase 6 hours ago at an average price of $3,688. It is worth noting that this is the largest single ETH deposit by FTX and Alameda since the market rebounded in February. Since February 1, 2024, FTX/Alameda has deposited 21,650 ETH ($72.4 million) into Coinbase at an average price of $3,343.

FTX creditor Sunil Kavuri posted on X platform stating that Senators John Hickenlooper, Cynthia Lummis, and Thom Tillis wrote to FTX bankruptcy judge Dorsey requesting an independent investigator to investigate the low-priced sale of SOL by Sullivan and Cromwell, the law firm handling the FTX bankruptcy case. Earlier, it was reported that Sullivan and Cromwell sold SOL, originally worth 1.7 billion US dollars, for 64 USDT.

FTX sold up to 30 million SOL to venture capital companies such as Pantera Capital and Galaxy Trading at a price of $64 per coin, a significant decrease of 62% from the current market price. The SOL will be locked for four years and cannot be sold. The transaction is expected to bring FTX about $1.9 billion in revenue and is positioned as an important step in repaying creditors. However, those affected by the exchange's collapse have a negative view of the transaction. Sunil Kavuri, one of the affected individuals, stated that this sale has resulted in the loss of billions of dollars in value for FTX's creditors and accused the company's bankruptcy lawyer, Sullivan & Cromwell, of placing clients below creditors by disposing of what he believed to be "property" of the creditors.

Sam Bankman-Fried has been sentenced to 25 years in federal prison for fraud charges related to the collapse of FTX exchange and Alameda Research trading firm. The sentence is less than the 105 years recommended by the Department of Probation, but higher than what Bankman-Fried and his lawyers were hoping for. Bankman-Fried plans to shift the media narrative surrounding his case in an attempt to rehabilitate his reputation, but Judge Lewis Kaplan emphasized the seriousness of his actions and the risk he poses to society. In the future, publicly-traded companies involved in derivatives markets will have to address any forfeiture or restitution issues, and sentencing hearings and memos for Bankman-Fried's former executives turned prosecution witnesses are expected to begin.

FTX's current CEO, John J. Ray III, refuted Sam Bankman-Fried's claim that customers lost "zero" funds in the exchange's collapse in 2022, stating that these claims are absolute, ruthless, and clearly incorrect. In a victim impact statement written by Ray on behalf of FTX and its subsidiaries, Ray told New York District Court Judge Lewis Kaplan that SBF's claim that its exchange had the ability to pay was a "delusional" statement that was an "inaccurate description" of the January statement by the estate committee. Ray stated that when he took over, the exchange had almost no funds, with only 105 bitcoins remaining, while customers were entitled to nearly 100,000 bitcoins.

According to Spot On Chain monitoring, FTX and Alameda Wallet deposited 6,500 ETH (worth $24.57 million) into Coinbase through 7 transactions at a price of $3,780 in the past 15 days. Additionally, during this period, they also transferred 8 other assets worth $6.26 million: ALI, GAL, TONCOIN, WAVES, OHM, HGET, TLM, and MTA.

According to market news, cryptocurrency investment firm Pantera Capital raised funds to purchase a large amount of Solana holdings from FTX Estate.

Zhu Su tweeted that FTX is selling linearly unlocked Solana tokens at a significant discount, while cryptocurrency traders are paying a lot of money to go long, presenting a polarized situation. He stated that if SBF were present, he would seriously address this issue.

FTX has opened a claims window for mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum, and Solana, with pricing significantly lower than their current market value. Many people have expressed concerns about the pricing differences on FTX on the X social platform, questioning the platform's fairness and transparency. PwC has published an official statement on its website, providing insights into the FTX situation. PwC disclosed that FTX Digital Markets Ltd. is reaching a settlement with FTX Trading Ltd. and its affiliated debtors under Chapter 11 of the US Bankruptcy Code, with the aim of merging the assets of the two entities. The official liquidator of FTX has notified creditors to submit electronic claims before May 15, 2024. The claims portal managed by PwC is expected to make its first mid-term distribution at the end of 2024 or early 2025, with all eligible claims priced in US dollars.

On March 3rd, it was announced that the joint official liquidators (JOL) of FTX Digital Markets Ltd (in official liquidation) (FTX Digital) have informed customers and non-customer creditors to submit claims in the FTX Digital liquidation through the FTX Digital claims portal. The joint official liquidators have activated the FTX Digital claims portal and eligible customers and non-customer creditors can submit claims in the FTX Digital liquidation, view their balances in their FTX accounts (as per the records of the joint official liquidators), and submit electronic claims in the Bahamian process. Only customers and non-customer creditors who submit electronic claims before the prescribed deadline of May 15, 2024 (the claims deadline) will be eligible for distribution in the Bahamian process (provided that the claim is recognized as eligible for distribution).

The bankrupt cryptocurrency exchange FTX reminded on X platform that, authorized by the court, the matter of selling digital assets by FTX debtors under the Bankruptcy Court Order No. 2505 will be exclusively handled by Galaxy Asset Management. However, some unauthorized third parties have been found to be attempting to solicit buyers on behalf of FTX debtors. Any sale offers or purchase solicitations shall only be made by Galaxy Asset Management to institutional buyers or other relevant parties in accordance with applicable laws.

Celebrities who endorsed FTX, a company that has faced financial and legal issues, are now investing and promoting less in the crypto and Web3 space. According to Crunchbase data, Shaquille O'Neal, Stephen Curry, Naomi Osaka, and Tom Brady have diversified their investments into other industries. Tom Brady, for instance, has shifted his focus to sports investments, including purchasing stakes in the Las Vegas Aces and Raiders sports franchises. Some celebrities who promoted crypto products without disclosing payments have faced consequences, leading them to be more cautious about future investments.

Bankrupt cryptocurrency exchange FTX has reached a settlement in a lawsuit in which the company attempted to recover $323 million spent on acquiring a European startup. FTX stated that it paid an excessive fee for a startup that was "unable to launch and operate," and FTX Europe's founder will buy back his company for $32.7 million. It is reported that Digital Assets DA AG was acquired by FTX and renamed FTX Europe in 2021, and FTX stated in a lawsuit in July 2023 that the acquisition was a "huge overpayment" paid with FTX customer funds. According to documents submitted to the Delaware Wilmington Bankruptcy Court on Thursday, FTX stated that no other buyers would agree to purchase its European subsidiary FTX Europe, and the proposed settlement is the best result for FTX creditors. (Reuters) In July 2023, FTX Trading recently sued insiders of FTX's European division, claiming that former CEO SBF paid an obviously high acquisition price. Accounting firm BDO stated that FTX's $376 million acquisition of Swiss startup Digital Assets AG (DAAG) "reasonably represents fair value" and is not improper. DAAG was later renamed FTX Europe.

Hong Kong-listed company New Fire Technology announced that the market price for the recoverable amount of FTX deposits is based on the valuation of the exclusive agent's written offer received by the company in early October 2023, minus agency fees and other professional expenses, and the net amount that can be recovered is approximately 39.4% of the original amount. As the cryptocurrency market recovers, the company has received several competitive offers from potential transferees regarding the transfer of FTX claims. If the FTX claims can be transferred by the relevant transferees, the recoverable amount will increase from about 39.4% in September 2023 to about 70% in January 2024. It is reported that the frozen asset value of New Fire Technology on the FTX exchange is HKD 141.7 million.

Swiss prosecutors raided Tyr Capital Partners, a crypto hedge fund based in Geneva, following a criminal mismanagement complaint filed by investor TGT. TGT accused Tyr of ignoring internal risk limits and investor warnings over exposure to FTX, which ultimately collapsed. Tyr Capital Partners denies any wrongdoing and claims to have complied with regulatory and contractual obligations. TGT is currently working to wind up the portfolio and control remaining assets. The collapse of FTX caused many firms to suffer losses and has led to ongoing investigations and lawsuits.

On February 17th, Estes, co-head of the General Crimes Bureau in the southern district of New York, stated that due to the rise of cryptocurrency assets, the amount of losses in the FTX case will cause intense controversy during sentencing. If all clients and creditors are compensated, the defense may argue for a significant reduction in the amount of losses, even to $0.<br>According to relevant US laws, for cases of fraud that cause lower losses, the recommended sentencing range is 24-30 months. Therefore, SBF may receive a lenient sentence in next month's ruling.&nbsp;

According to PeckShield monitoring, FTX/Alameda transferred 1000 ETH (worth about $2.3 million) to Coinbase, 54,500 RLC (worth about $117,800), 2.4 million SNT (worth about $90,500), 6,900 NMR (worth about $190,000), 618,000 OXT (worth about $61,000) and 162,500 POWR (worth about $48,000) to Coinbase Prime, 103,500 NEXO (worth about $90,000) to FalconX, and 4.4 million ALPHA (worth about $412,000) to Binance.

According to sources, cryptocurrency investment company Multicoin Capital is discussing the sale of its FTX bankruptcy claim, which is worth approximately $100 million. Positive news about the FTX bankruptcy claim has raised the claim price to over 70 cents per dollar and gradually risen to around 80 cents. Companies like Multicoin that have been inadvertently affected by the FTX bankruptcy have been contacted by claim buyers for over a year, and as potential bids rise, these companies are evaluating the opportunity cost of capital and choosing to sell early rather than wait.

According to court documents released on February 3, FTX (including Alameda) is seeking court approval to sell all of its shares in artificial intelligence (AI) company Anthropic. According to the latest disclosure, FTX believes that now is the "best and most appropriate time to coordinate the sale of Anthropic shares", and the sale of the company's shares is to "maximize shareholder interests". <br>

According to court filings, the estate of bankrupt crypto exchange FTX is looking to sell its shares in AI startup Anthropic. FTX's estate owns approximately 7.84% of Anthropic, which received a $500 million investment from FTX and Alameda in 2021. The estate had attempted to sell the stake last year, but the process was paused in June 2023. The proposed sale procedures will allow the estate to coordinate the sale of Anthropic shares at an optimal time and maximize the value for all stakeholders. A hearing on the matter may take place later this month.