ftx
FTX Slams Backpack’s Misleading FTX EU Fund Distribution Claims
FTX came out strong against Backpack’s takeover of FTX EU and how it said funds would be given to FTX EU customers. This happened because Backpack made claims that worried...
Backpack Acquires FTX EU, Crypto Derivatives Launch by Q1 2025
Backpack, the crypto exchange founded by former Alameda Research and FTX employees, has acquired FTX EU. This acquisition allows Backpack to expand its services in the European Union with plans...
FTX Creditors Scramble as KYC Hurdles Threaten Claims Deadline
The clock is ticking for FTX creditors as the January 20, 2025 claims deadline approaches. A complex claims process, including KYC verification and tax submissions, has left many struggling to...
FTX Liquidates WLD Tokens, $16.5B Customer Refund in Focus
Blockchain analysis platform EmberCN has spotted an ongoing development with FTX and Alameda Research that should interest the bankrupt cryptocurrency exchange customers. In a recent post on X, the analysis...
FTX Chapter 11: BitGo, Kraken to Handle January 2025 Distributions
FTX’s court-approved Chapter 11 plan takes effect on January 3, 2025; a major step forward in the exchange’s recovery efforts. FTX will distribute $12 billion in Q1 2025 through BitGo...
U.S. Moves Billions in Seized Crypto; Sparks Bitcoin Price Concerns
The U.S. government has transferred billions of dollars worth of seized cryptocurrency, including Bitcoin and Ethereum, into new wallets, raising questions within the crypto community about the potential market impact....
FTX Liquidator Transfers BIT and RAY Tokens, Market Reacts
Alameda Research just transferred 72.6 million BitDAO (BIT) tokens—around $64.4 million—to Mirana Ventures. Alameda also got 10.335 million USDC and 28.4 million USDT from Mirana around 20 hours back. On-chain...
Whistleblower Alleges Bribery at Binance, Files Claim in UK Court
A former Binance executive filed a whistleblower claim in the UK, alleging bribery within the company. Amrita Srivastava, a former senior employee at Binance’s London office, claims she was unlawfully...
What’s Behind FTX’s $2.66M SOL Transfer to Binance? Creditors Await Answers
An FTX liquidator wallet sent nearly 11.4K SOL tokens, worth $2.66 million, to Binance. Blockchain security firm PeckShield highlighted the transfer, which is part of FTX’s ongoing liquidation process to...
FTX to Return $16 Billion to Users: Payouts to Start in March 2025
FTX announced plans to distribute $16 billion in recovered funds to creditors and customers. The company expects to complete its Chapter 11 Plan of Reorganization by January 2025, with initial...
FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion
Gary Wang, co-founder and former Chief Technology Officer of FTX, has been spared prison time in the FTX fraud case from his cooperation with authorities. On November 20, 2024, US...
Binance Caught in FTX Crossfire: US Department of Justice to Seize $16 Million in Crypto
The FTX bankruptcy case took a new turn, with the US Department of Justice (DOJ) initiating a civil forfeiture procedure against Binance exchange. According to reports, the DOJ aims to...
FTX Sues Binance and CZ for $1.8 Billion; Alameda Research Targets Waves Founder
FTX has filed a lawsuit against Binance Holdings Ltd. and its former CEO, Changpeng Zhao, to recover approximately $1.8 billion. The FTX estate alleges that this amount was illegally transferred...
Gary Wang, FTX Co-Founder, Pleads for Non-Custodial Sentence
FTX co-founder Gary Wang has asked a federal judge to excuse him from prison sentence, citing his cooperation in the Sam Bankman-Fried’s fraud trial. In a sentencing memo submitted by...
FTX Secures $228M Settlement with Bybit in Bankruptcy Case
The bankrupt crypto exchange FTX announced a $228 million settlement with Bybit on October 24th, ending a prolonged lawsuit that aimed to recover funds. A legal filing shows the settlement...
Former FTX Director Nishad Singh Requests Leniency From Judge
Nishad Singh, the former engineering director of FTX, has formally requested leniency from a U.S. federal judge in Manhattan as he faces sentencing for his involvement in the cryptocurrency exchange’s...
US Regulators Crack Down on Crypto: $32 Billion in Settlements and Counting
US regulators have stepped up enforcement actions against cryptocurrency companies, securing nearly $32 billion in settlements from top industry players. These regulatory efforts have increased after the high-profile collapse of...
FTX Creditors to Inject $12B into Crypto: Bullish for Bitcoin?
FTX customers will start to receive more than $12 billion in payouts. In a payout plan approved in court, the exchange must credit its former customers in the coming months....
FTX Repayments Set for Post-Election December 7th—Crypto Awaits a Rally
The upcoming U.S. elections in November are not the only event grabbing headlines; FTX’s bankruptcy repayment plan has added a significant twist to the final quarter of 2024 for the...
Crypto Analyst Predicts Bullish Turnaround, Citing Key Factors
Crypto analyst Lark Davis announced on X that positive market sentiment is imminent, urging traders and investors to focus on key market indicators rather than the recent dip. Davis pointed...
FTX’s Reorganization Plan Secures Support from Over 94% of Dotcom Creditors
The beleaguered FTX cryptocurrency exchange has received significant backing for its proposed reorganization plan. Kroll Restructuring Administration, the restructuring administrator, reported that over 94% of Dotcom voting creditors expressed their...
Are Crypto Sports Investments Still a Good Bet? Insights
Crypto companies have a history of turning to sports sponsorships to grab the public’s attention. But the game has changed a lot since the peak in 2021. A Coingecko report...
Silvergate Collapse: New Claims Challenge Official Narrative
Cryptocurrency expert Nic Carter has pointed the finger at the Federal Reserve, alleging they played a major role in the well-known Silvergate liquidation of early 2023. Carter contends that the...
FTX Refunds and Pension Fund’s Crypto Interest Spark Market Optimism
FTX is gearing up to release $16 billion to creditors by Q4 2024, potentially providing a fresh influx of liquidity into crypto markets. Adding to the positive sentiment, pension funds...
Ex-Coinbase Execs Launch TrueX Exchange, Backed by PayPal’s PYUSD
Two former Coinbase executives have teamed up to create a new cryptocurrency exchange called TrueX. This platform will primarily use PayPal’s stablecoin, PYUSD, as its main operating token. The venture...
