Two years after the dramatic collapse of FTX, the crypto world is still feeling the ripples. Sam Bankman-Fried, the former CEO, has been sentenced to 25 years in prison for fraud, with his legal team appealing the decision. Other former executives face similar fates, while Nishad Singh received time served. Meanwhile, a bankruptcy court has approved a plan to repay FTX users 98% of their claims, based on asset values at the time of bankruptcy. Bitcoin has surged to over $87,000, reflecting a market rebound despite past scandals. The FTX estate continues to pursue misappropriated funds.
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