FTX and FTX US customers may receive over 90% of their assets back by Q2 2024, according to a proposed settlement reached between FTX debtors and creditors. The settlement includes a "Shortfall Claim" in which FTX estimates that customers of FTX.com and FTX US would collectively receive 90% of assets available for distribution. FTX expects these funds to be disbursed by the end of Q2 2024 if approved by the Bankruptcy Court.

FTX Debtors have settled customer property disputes as part of their pending Chapter 11 cases, with the customer shortfall settlement forming part of the Amended Plan of Reorganization, which FTX plans to file by December 2023. Subject to approval by the Bankruptcy Court, the proposed amended plan anticipates customers globally receiving over 90% of the distributable value.

PeckShield has monitored that the FTX bankruptcy address has pledged a total of 16.7 million MATIC (valued at approximately $9.6 million) to Polygon's PoS staking contract.

In the SBF criminal trial, Nishad Singh, former engineering director of FTX, read out a list of transactions from an electronic spreadsheet in court, which showed that FTX provided promotion funds to celebrities and influencers far exceeding $1 billion.

According to Scopescan monitoring, FTX's clearing house controlled address pledged 13.05 million MATIC tokens (worth about $6.95 million) 11 hours ago. The expected annual reward is 599,572.3771 MATIC tokens (worth about $320,000).

October 17th, FTX officially announced that after extensive discussions with the Non-US Customer Special Committee, the Unsecured Creditors Committee, and the Collective Litigation Plaintiffs, FTX debtors have reached a proposed settlement regarding customer asset disputes.

On October 17th, according to BitMEX Research citing testimony from former FTX engineering director Nishad Singh, in September 2022, SBF attempted to raise funds in the Middle East and planned to reach an agreement with Telegram to obtain TON tokens, with an expected cost of $120 million.

Former engineering director of the now-defunct cryptocurrency exchange FTX, Nishad Singh, is facing up to 75 years in prison on charges related to defrauding users. Singh also revealed details of his agreement with the US Department of Justice, which led him to plead guilty to fraud charges announced in February. As part of the agreement reached with prosecutors, Singh said he "hopes not to go to jail."

The trial of Sam Bankman-Fried, founder of the now-defunct FTX exchange, took a dramatic turn in its third week as Nishad Singh, a former senior FTX executive, testified about improper use of customers' funds within the company. Singh, who had served as Head of Engineering at FTX, revealed that he became aware of a financial "hole" in the company's finances in September 2022, amounting to approximately $8 billion. Despite his knowledge of the discrepancies, Singh approved transactions that he believed were funded by user deposits. Singh's testimony offered insight into his relationship with Bankman-Fried, whom he initially admired but later lost respect for.

Former engineering director of FTX, Nishad Singh, presented a list of celebrity and influencer deals in court during Sam Bankman-Fried's criminal trial. The deals totaled over $1.3 billion, including $135 million for the renaming of a Miami entertainment complex to FTX Arena, $28 million for basketball player Steph Curry, $14 million for Canadian businessman Kevin O'Leary, and undisclosed amounts for Tom Brady, Gisele Bundchen, and Larry David. Singh also mentioned a conversation with Bankman-Fried and Gary Wang regarding an investment in K5 Global, which was ultimately made with FTX's money. Bankman-Fried previously made a $700 million deal with K5 Global's Michael Kives and Bryan Baum.

According to on-chain data on October 16th, FTX-related addresses have staked over 5.5 million SOL tokens (approximately $122 million) and over 24,000 ETH tokens (approximately $30 million). The SOL tokens were staked through Figment with an estimated annual return of 6.79% (approximately $8 million), while the ETH tokens were staked on the Ethereum mainnet with an expected annual return of 3.4% (approximately $1 million).

Blockchain addresses associated with FTX have shown that FTX pledged millions of dollars worth of ETH and SOL over the weekend. Of these, over 5.5 million SOL (valued at $122 million) and over 24,000 ETH (valued at $30 million) have been pledged, as shown as separate transactions on the blockchain.

PeckShield monitoring shows that the address marked as FTX bankruptcy has pledged 4416 ETH (6.85 million US dollars) to Figment.

FTX founder Sam Bankman-Fried's defense lawyers are requesting more room to explore defense theories through cross-examination and to bar prosecutors from relying on lay witnesses for expert testimony. The defense is likely looking to prevent more damage to Bankman-Fried's image in the eyes of jurors by shaping the testimony of upcoming witnesses.

Sam Bankman-Fried, co-founder of FTX, has requested a long-release Adderall prescription from a US judge, claiming he is struggling to concentrate during his criminal trial. His lawyers have asked if he can take a 12-hour extended-release 20mg dose of Adderall before being transported to trial. They have also requested that the trial be stopped for one day if Bankman-Fried is unable to take the medication or if it doesn't work. The lawyers claim they have attempted to solve the issue with the Bureau of Prisons but have not received a response.

SBF's comments in tweets and group chats were used as evidence in his historic fraud trial. Prosecutors provided screenshots of messages, social media posts, and internal documents showing how SBF and his trading company Alameda Research planned a plan worth billions of dollars on his FTX cryptocurrency exchange. These documents reveal the mechanisms of his alleged fraud and the differences between his public statements and private instructions to his inner circle. (Bloomberg)

On October 14th, according to The Block, SolanaFM's on-chain data shows that earlier today, FTX assets pledged over 5.5 million Solana (SOL) tokens worth $122 million from a major wallet on the Solana blockchain. On-chain analyst ashpool pointed out that one of the wallet addresses managed by FTX assets delegated the tokens to Figment, which is one of the network validators used for staking.

Haseeb Qureshi, managing partner of the cryptocurrency risk fund Dragonfly, discussed the recent SBF and FTX bankruptcy cases in a recent interview. He stated that the venture capital has changed its investment approach due to the FTX incident, but problems will still arise in the future cryptocurrency market, although they may not be similar to FTX due to human greed. As a native cryptocurrency venture capital company, Dragonfly's approach is to "not invest in the next FTX" and ensure that invested projects/companies do not become FTX. Haseeb Qureshi also stated that investment giants such as Sequoia Capital, Tiger Global Fund, and SoftBank did indeed lose money in the FTX investment, but there are still cryptocurrency funds active in this industry, and venture capital firms such as Paradigm and Pantera Capital have not left. 

According to Whale Alert monitoring, at 09:34:41 Beijing time today, 5,546,217 SOL tokens (equivalent to $121,255,031) were transferred from an unknown wallet starting with 9uyDy9 to another newly created unknown wallet starting with 5eUEWs. Solscan data shows that the 9uyDy9 wallet is an FTX cold wallet. Blockchain data analyst Ashpool stated that this transfer was made by FTX estate for staking SOL, which will ultimately be staked with Figment. FTX estate (bankruptcy trustee) is responsible for overseeing the bankruptcy and restructuring of FTX exchange. According to data disclosed in September, FTX estate holds over $1.16 billion in SOL, accounting for approximately 16% of its total market value. (Coin Edition) Previously, FTX creditor @sunil_trades released an updated FTX shareholder report on X platform on September 11th. The report shows that as of August 31st, FTX (including FTX.com, FTX.US, Alameda) holds approximately $3.4 billion worth of crypto assets. Ranked by position value, the holdings are SOL (with a position value of approximately $1.162 billion), BTC (with a position value of approximately $560 million), ETH (with a position value of approximately $192 million), APT (with a position value of approximately $137 million), USDT (with a position value of approximately $120 million), XRP (with a position value of approximately $119 million), BIT (with a position value of approximately $49 million), STG (with a position value of approximately $46 million), WBTC (with a position value of approximately $41 million), WETH (with a position value of approximately $37 million).

According to on-chain data analyst Ashpool, FTX assets are currently staked with 5.5 million SOL. Ashpool referenced another post from Whale Alert, which showed a SOL transaction between two unknown wallets for 5,546,217 SOL, equivalent to $121,255,031. Ashpool's alert sparked discussion among many cryptocurrency users, with many trying to understand the narrative behind FTX's recent actions. A respondent named "rpcmert" under Ashpool's post recalled a statement from Caroline Ellison, a close partner of SBF, who stated that FTX has locked SOL tokens on the network of the project.