According to @DecryptMedia, Laura Loomer claimed on X that there is a major push to secure a presidential pardon for FTX founder Sam Bankman-Fried (SBF). Source: Decrypt tweet dated Oct 14, 2025. SBF was convicted in the Southern District of New York and sentenced in March 2024, making him subject to the federal clemency framework rather than state processes. Source: U.S. Attorney’s Office SDNY press release, March 28, 2024. The U.S. President has constitutional authority to grant pardons for federal offenses, and granted clemency is typically announced via official White House and Department of Justice channels. Source: U.S. Constitution Article II, Section 2; U.S. Department of Justice Office of the Pardon Attorney (clemency process overview); White House Press Office release conventions. A presidential pardon would not control FTX’s Chapter 11 estate or customer recoveries, which proceed under the Delaware Bankruptcy Court and the FTX Debtors’ plan and court-approved asset management program (including prior sales of estate digital assets such as SOL). Source: U.S. Bankruptcy Court for the District of Delaware, Case No. 22-11068 (FTX Trading Ltd.); FTX Debtors’ filings and court orders authorizing asset management and sales. For traders, treat any pardon chatter without an official notice on whitehouse.gov or justice.gov as unconfirmed headline risk, and manage exposure in FTT, SOL, and broader crypto (BTC) accordingly. Source: White House and DOJ as official clemency announcement channels; Delaware Bankruptcy Court docket indicating estate-managed digital asset sales.

According to the source, a social post claims Sam Bankman-Fried said handing FTX to new management was his biggest mistake; this claim is not corroborated by the U.S. Bankruptcy Court for the District of Delaware docket for FTX Trading Ltd., Case No. 22-11068, or by official FTX Debtors communications published via the case docket and the Debtors’ website. Court filings in Case No. 22-11068 confirm the estate is liquidating assets under court-approved token sale procedures using Galaxy Digital as investment adviser with initial weekly sale caps up to 100 million dollars, adjustable with court or committee consent, which directly affects near-term supply for SOL and other estate-held tokens (source: U.S. Bankruptcy Court, FTX Trading Ltd., Case No. 22-11068; Order approving investment adviser and token sale procedures, Sept 2023). The FTX Debtors’ Amended Disclosure Statement filed in May 2024 projects full cash recoveries for allowed customer claims at petition-date values, implying continued conversions of crypto to USD and potential episodic sell pressure and hedging activity that can impact BTC and SOL liquidity (source: FTX Debtors, Amended Disclosure Statement, Case No. 22-11068, May 2024 filing). Traders should track estate wallet movements and distribution timelines disclosed in the bankruptcy docket to gauge timing and magnitude of any supply overhang from FTX-related sales (source: U.S. Bankruptcy Court docket, Case No. 22-11068; Debtors’ reports and notices).

According to @ai_9684xtpa, FTX/Alameda transferred 190,837 redeemed SOL worth about $34.06 million to Bitgo roughly 7 hours ago, marking a large on-chain movement linked to the bankruptcy estate, source: @ai_9684xtpa. The source states the funds are intended for FTX creditor compensation, implying near-term sell-side overhang risk for SOL if liquidation proceeds, source: @ai_9684xtpa. Traders may monitor any subsequent custody-to-exchange flows, SOL spot liquidity, and order-book depth for distribution signals following this Bitgo move, given the source’s creditor-payout indication, source: @ai_9684xtpa.

According to FoxNews, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement in a class-action lawsuit for promoting the collapsed crypto exchange FTX, a figure substantially higher than the $750,000 he was reportedly paid for the endorsement. In a separate development crucial for FTX creditors, the bankrupt exchange's estate is formally challenging a $1.53 billion claim from the liquidators of crypto hedge fund Three Arrows Capital (3AC). FTX's lawyers argue in a court filing that 3AC is owed nothing, attributing the hedge fund's collapse to its own risky trading strategies and market declines, not any malfeasance by FTX. The filing states the actual value of 3AC's assets on the exchange was only $284 million in June 2022, disputing 3AC's claim that FTX improperly liquidated $1.53 billion of its assets.

According to @ai_9684xtpa, a blank-check company, M3-Brigade Acquisition V, backed by former Blackstone and Tether executives, is seeking to raise $1 billion to create a publicly traded crypto treasury firm. Citing a Bloomberg report, the plan involves purchasing a diverse basket of tokens, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), distinguishing it from single-asset treasuries like MicroStrategy. This move, which would create one of the first multi-token public crypto treasuries, initially caused M3-Brigade's shares to fall 12% before recovering 5% in pre-market trading, indicating significant market interest and volatility for traders to watch. In a separate development, the estate of bankrupt crypto exchange FTX has filed to reject a $1.53 billion claim from the liquidators of Three Arrows Capital (3AC). FTX's lawyers argue that 3AC's collapse was due to its own risky trading strategies and that the actual value of its accounts was only $284 million in June 2022, not the claimed $1.53 billion. This legal battle is critical as its outcome will directly impact the recovery amounts for creditors of both collapsed crypto giants, with 3AC having until July 11 to object before an August 12 hearing.

According to FTX's lawyers, the bankrupt crypto exchange argues that Three Arrows Capital (3AC) is owed nothing from its $1.53 billion claim, as 3AC's risky trading strategy caused its own collapse. FTX states that the actual value in 3AC's accounts was $284 million on June 12, 2022, with losses due to market declines and 3AC's withdrawals, not FTX's liquidation actions (source: court filing). This dispute could delay creditor payouts and impact market confidence in crypto exchange risk management.

According to FTX's court filing, the bankrupt crypto exchange argues that Three Arrows Capital (3AC) is owed nothing for its $1.53 billion recovery claim, stating that 3AC's own high-risk trading strategies caused its collapse during the 2022 crypto market downturn. FTX lawyers noted that 3AC's account value was only $284 million on June 12, 2022, and that FTX's liquidation actions benefited 3AC, with potential implications for FTX creditor distributions and broader market volatility as the hearing approaches on August 12.

According to The Kobeissi Letter, the FTX bankruptcy has incurred $948 million in legal fees, distributed across more than 12 firms, as reported by Bloomberg. This situation ranks as one of the most costly bankruptcies since Lehman Brothers in 2008, highlighting significant financial impacts on stakeholders.

According to Crypto Rover, 11.2 million SOL from the FTX bankruptcy auction will unlock on March 1, with a total worth of $2.06 billion. This event involves major buyers such as Galaxy, Pantera, Figure, and other over-the-counter traders. The unlocking of such a significant amount of SOL could have substantial implications for the market, potentially affecting the liquidity and price of Solana in the trading landscape.