In a recent court hearing in Delaware, the failed

Its FTT token surged nearly 11% after the news.

Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange

In a recent filing on December 27, bankrupt cryptocurrency exchange FTX unveiled its

Bankman-Fried's defense team asked for a four to six week extension for his sentencing scheduled in late March, citing a possible second trial that

This deal will pave the way for assets to be be pooled and distributed to FTX.com customers.

Mike Novogratz's firm is also interested in companies FTX invested in as a venture capital provider.

Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.

FTX has challenged the IRS on its $24 billion tax bill claims, arguing that the agency’s “unexplained” tax debt would heavily affect its customer f