FTX Recovery Trust will begin a roughly $900 million fifth creditor distribution July 31. Eligible claims will receive up to 120% cumulatively.
The U.S. Senate unanimously adopted a nonbinding resolution opposing clemency for FTX founder Sam Bankman-Fried, but it cannot limit presidential pardon power.
The Second Circuit upheld Sam Bankman-Fried's FTX fraud conviction, 25-year sentence and $11.02B forfeiture, rejecting his unfair-trial claims.