FTX

Nearly three years after its collapse, the FTX saga refuses to fade into the background. Just when it seemed the crypto world was preparing to close this turbulent chapter—with founder Sam Bankman-Fried’s appeal hearing looming in November—new twists have dragged the disgraced exchange back into headlines.

The social media account of the fallen founder of FTX, Sam Bankman-Fried has came alive yesterday, with its sudden revival sending FTX’s token FTT soaring by 32% and sparking heated debate over prisoner access to social media.

The FTX Recovery Trust, the organization tasked with managing repayments from the collapsed crypto exchange, is preparing its third major payout to creditors—this time totaling approximately $1.6 billion.

Sam Bankman-Fried, the former CEO of collapsed crypto giant FTX, will have his highly anticipated appeal heard by the U.S. Second Circuit Court of Appeals on November 4, 2025—nearly two years after being convicted on seven felony counts and sentenced to 25 years in federal prison.

Sam Bankman-Fried will appeal his 2023 FTX conviction on seven felony counts, with a hearing set for 4 November. His team argues the trial was unfair and customer funds were misrepresented, but overturning the 25-year sentence will be difficult given the evidence.

FTX’s legal team is seeking to fully reject a $1.53 billion claim filed by the defunct hedge fund Three Arrows Capital (3AC), arguing that the losses were the result of 3AC’s own risky trading and should not be covered by FTX’s creditors.

A bold new musical reimagines SBF, Diddy, and a fictionalised Luigi Mangione as cellmates in a surreal satire of American decline, probing justice, celebrity, and collapse.

SBF’s release is now set four years earlier than his original 25-year sentence. FTX executives Ryan Salame and Caroline Ellison also received sentence reductions for good behaviour.

Netflix is developing an eight-episode FTX biopic focused on Sam Bankman-Fried and Caroline Ellison, with the Obamas’ Higher Ground producing and Oscar-winner Graham Moore writing. Julia Garner is in talks to play Ellison, with Evan Peters eyed for SBF.

Actor-turned-director Ben McKenzie delivers a blistering takedown of the crypto world with his feature documentary, Everyone Is Lying To You For Money, set to premiere at SXSW London in June.