FTX News
FTX Trading Report Exposes Lack Of Financial & Accounting Controls
Bankrupt cryptocurrency exchange FTX Trading Ltd. was found to be deficient in crucial financial and accounting safeguards as per a report from the company’s creditors. The document pointed out a...
Advocacy Group Campaigns for FTX Creditors to Speak Up, Recover Funds
The advocacy group Digital Currency Traders Alliance (DCTA) is launching a new campaign for FTX creditors to help them participate in the ongoing bankruptcy process, which is believed to have...
OKX Hands Over FTX Frozen Assets Worth $157M to Relevant Authorities
In an exciting turn of events, the OKX crypto exchange said it is handing over approximately $157 million in frozen FTX and Alameda-related assets to the relevant authorities — in...
Sam Bankman-Fried’s Legal Fees Funded by Alameda Research
Sam Bankman-Fried, the disgraced CEO who headed the collapsed crypto exchange FTX, has reportedly been using funds borrowed from his bankrupt crypto empire’s sister company to pay his mounting legal...
Prosecutors Agree on New Bail Conditions for Sam Bankman-Fried
Prosecutors have reached a revised bail condition for Sam Bankman-Fried (SBF), the embattled former Chief Executive of the defunct cryptocurrency exchange FTX. According to reports, SBF’s lawyers and the U.S....
Crypto Influencer vs. FTX Lawsuit: The Twitter Feud Heats Up
Ben “BitBoy Crypto” Armstrong, a prominent crypto influencer, expressed his continued outrage with the FTX lawsuit involving him and other YouTube Influencers. Armstrong has tweeted about the lawsuit and his...
FTX’s Attempt to Pitch Itself to FDIC Revealed in Leaked Emails
On March 19, it was revealed that prior to its November 2022 collapse, FTX attempted to pitch itself in a meeting with the Federal Deposit Insurance Corporation Chairman. Watchdog Protect...
SBF Needs a Laptop with Limited Features: Lawyer Requests Judge
As per the latest reports, Sam Bankman-Fried, the disgraced CEO of the beleaguered crypto exchange FTX, is closer to an agreement with the US prosecutors for a revised bail condition...
YouTube Influencers Face $1 Billion Lawsuit for FTX Promotion
On March 15, Plaintiff Edwin Garrison filed a class action lawsuit claiming $1 billion in damages against YouTube Influencers who promoted FTX. The lawsuit seeks to hold influencers liable for...
FTX Related Addresses Move 69.64M USDT, Liquidation Doubts Surface
On-chain analyst Lookonchain identified three addresses related to FTX/Alameda moving funds. A whopping 69.64 million USDT was moved to the address “0xad6e.” Out of these funds, 43 million USDT was...
Euler DeFi Protocol Faces Loss of $177M In Major Attack
The EUL token price of Euler Finance experienced a sharp decline of 26.2% due to the assault on its lending protocol. The crypto community was alerted to the attack by...
Arthur Hayes Believes the Public was Mislead by SBF’s Demeanor
BitMex founder, Arthur Hayes, has shared his perception about Sam Bankman-Fried’s (SBF) fall from grace to grass. In a YouTube session with the team at “The Chopping Block”, Hayes noted...
US Judge To Decide if SBF Should Suffer Any Bail Restriction
This Friday, a US judge will decide whether Sam Bankman-Fried, the FTX founder, should be subject to any bail restrictions and whether or not his fraud trial, originally scheduled to...
Acting Comptroller of the Currency Speaks About FTX, BCCI
Acting Comptroller of the Currency Michael J. Hsu discussed in a newsroom event the necessity of building trust in global banking. Hsu spoke about various things, including the fall of...
FTX Statement Shows $1.6B BTC User Debt With Only $1M Available
The monumental scandal surrounding the balance sheet of the bankrupt FTX crypto exchange is far from being over. In a stunning revelation, a crypto analyst on Twitter highlighted that while...
Ex FTX CEO Appoints Tech Consultants For Bail Extension
FTX co-founder Sam Bankman-Fried has proposed two technology consultants, Edward Stroz and Michael McGowan, to assist the judge in his criminal fraud case to determine appropriate bail restrictions. According to...
Crypto Community Trolls Solana as it Suffers Major Network Outage
The crypto community makes fun of the Solana blockchain as it has suffered another major network outage in recent times. “How is this proof-of-stake blockchain in the top ten crypto...
Indonesia Launches National Digital Asset Exchange; Reports Say
The transcontinental country, the Republic of Indonesia, has reportedly proposed to launch a National Digital Asset Exchange to rehabilitate the crypto sector and confront the risks posed by the fallen...
Kevin O’Leary’s Calls For Regulation Of Exchanges Draws Criticism
Kevin O’Leary aka Mr. Wonderful has come under fire for his recent comments regarding the regulation of the crypto industry. The Shark Tank star claimed in a tweet earlier today...
Federal Prosecutors Charge SBF with New Financial Crimes
Sam Bankman-Fried (SBF), the ex-CEO of the fallen crypto platform FTX, has been charged with four new financial crimes, in an indictment filed by the Federal Prosecutors in New York...
Data Shows Binance Is Now the New Leader of Derivatives after FTX
According to a blog post by Kaiko, an institutional-grade crypto market tracker, the Binance exchange has taken over from FTX as the market leader in the perpetual futures space, with...
Galois Capital Shuts Down: Remaining Assets Will Reach Investors
According to the recent report, Galois Capital, the leading crypto trading fund, has decided to cease the platform’s further establishment, being one of the seriously victimized platforms under the bankruptcy...
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