$BTC Recently, it can be seen that FTX has been continuously taking legal actions to "not miss a single dollar" to repay its customers. After settling a lawsuit with Bybit to recover 228 million USD, the bankrupt entity taking over this exchange continues to sue KuCoin, individuals, and organizations that had past relations with FTX, most notably suing Binance and former CEO Changpeng Zhao to claim up to 1.76 billion USD.

The collapse of FTX has also led to a series of legal consequences for the senior leadership of this exchange. Former CEO Sam Bankman-Fried received the heaviest sentence with 25 years in prison. Next is former FTX Digital Markets Director Ryan Salame with 7.5 years in prison and former Alameda Research CEO Caroline Ellison receiving a 2-year prison sentence.

Former Technical Directors of FTX seem to be 'luckier' than other senior leaders. Both Nishad Singh and Gary Wang, despite being convicted, do not have to serve time in prison. Gary Wang, the last member of the "FTX team" to appear in court, only received a 3-year probation sentence.

Immediately following this news, the price of FTT surged nearly 30% to 3.18 USD and is currently fluctuating around 2.9 USD.