#FTT
What do you think about the FTT cryptocurrency?
It is December 2024, several notable developments have taken place regarding FTX whose cryptocurrency is FTT:
1. Customer Refunds: In October 2024, a bankruptcy plan was approved, allowing FTX to refund up to $16.5 billion to affected customers.
2. Lawsuits Against Binance: On November 11, 2024, FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, alleging a fraudulent transfer of $1.8 billion.
3. Criminal Convictions:
Caroline Ellison: Former CEO of Alameda Research, she was sentenced to two years in prison for her role in the collapse of FTX.
Gary Wang: FTX co-founder, avoided jail time due to his cooperation with authorities.
4. Bybit settlement: On October 24, 2024, FTX reached a $228 million settlement with cryptocurrency exchange Bybit.
These events illustrate the ongoing efforts to resolve the aftermath of the FTX collapse and restore trust in the cryptocurrency industry
