FTX News
Coinbase Analysts Say Bitcoin Selling Pressure Over as FTX GBTC Sale Ends
In a recent assessment, analysts at Coinbase have noted a promising trend in the cryptocurrency market. In particular, they suggested that the downward pressures on Bitcoin and other digital assets...
FTX Clawback: A Founder Continues to Hold $500M Received from SBF
Last year, FTX unveiled a repayment plan to round up its Chapter 11 proceedings. Makhat’s $500M is one of the investments FTX is trying to recover to settle customers’ claims....
Breaking: FTX Plans To Repay Customer Funds Fully, Drops Relaunch Plans
The platform, instead, focuses on reimbursing its customer funds completely. FTX has abandoned its plan to reboot the exchange, failing to meet sufficient capital. FTT tokens fell by 35%, with...
Breaking: FTX Offloads Crypto Assets To Repay Customer Funds
A recent report states that FTX has initiated offloading its crypto assets in a bid to repay its customer funds. FTX has amassed $4.4 billion in cash by the end...
Judge Moves to Limit Length and Scope of New FTX Bankruptcy Probe
US Bankruptcy Judge John Dorsey, the judge overseeing the FTX Chapter 11 proceedings, has moved to restrict the scope and expense of a fresh independent investigation in the crypto exchange,...
FTX Founder’s Parents Deny Involvement in Company’s Downfall
Joseph Bankman and Barbara Fried, parents of former FTX CEO Sam Bankman-Fried, have filed to dismiss a lawsuit against them by FTX. Bankman-Fried parents, in the filing, denied allegations that...
“Grossly Unfair”: FTX Customers Ask Court to Block Valuation Plan
Customers of the troubled cryptocurrency exchange FTX have asked a US Bankruptcy Judge to stop the exchange’s proposed plan to value crypto assets using November 2022 prices, Reuters reported. Over...
SBF Avoids Double Trial; FTX Claws Back Millions in Settlements
Following a decision by the Department of Justice (DoJ) prosecutors, it is certain that troubled crypto founder Sam Bankman-Fried (SBF) will not go to a second trial concerning his central...
FTX Customer Repayment: Values BTC at $16K, ETH at $1.2K, SOL at $16
In a December 27 filing, bankrupt cryptocurrency exchange FTX unveiled a repayment plan that values customers’ digital assets as of when it collapsed last year. The plan would see customers...
Brad Garlinghouse Interview Sheds Light on $10M Debt FTX Owes Ripple
In a recent post on X, an XRP community member referenced a January interview where Ripple CEO Brad Garlinghouse disclosed a $10 million lease exposure to the bankrupt crypto exchange...
‘FTX’s Solana Holdings Are Now Worth $6B’: XRP Attorney
Solana, one of the major players in the crypto space, has been garnering attention over the past few days with its recent price surges. A report narrated the rise of...
FTX and Bahamas Liquidators Agree on New Bankruptcy Terms
Bankrupt cryptocurrency exchange FTX has resolved the lingering issue with liquidators on how to treat their Bahamas unit. The bankrupt company recently settled on how to repay customers from their...
Released FTX Liquidation Data “Does Not Make Sense”: Influencer
The liquidation data for FTX, the defunct cryptocurrency exchange, has been published, and Martin Folb, the renowned crypto influencer known as MartyParty thinks the published information is inaccurate. Folb shared...
FTX’s New Proposal Left “Many Important Questions Unanswered”
Recently unveiled plans by FTX debtors to settle customer claims and bring the bankruptcy case to a close have left some important questions unanswered, Bloomberg reported. The new proposal is...
FTX Debtors Want Customers Paid Value of Assets as of November 2022
Debtors of bankrupt cryptocurrency exchange FTX have proposed a new amendment to their bankruptcy plans which will see customers receive the value of their assets as at the time when...
FTX Clashes with US Tax Authorities Over ‘Enormous’ $24B Tax Demand
The Internal Revenue Service (IRS) in the United States has put forth a tax bill of $24 billion against the bankrupt cryptocurrency exchange, FTX. FTX, in response, has contested the...
FTX and Alameda Move $23.59M to Exchanges and Galaxy Digital OTC
According to Spot On Chain, a blockchain analytical firm, FTX and Alameda Research moved out $23.59 million worth of 19 assets to Binance, Coinbase, OKX, and GalaxyDigital OTC in the...
Celsius, FTX ETH Transfers: Should Investors Be Worried?
Crypto lending service Celsius and defunct exchange FTX have been involved in different Ethereum (ETH) transactions which could affect the price of the altcoin. According to Lookonchain, Celsius transferred 7,500...
FTX Moves to Sell-off 6.26M IMX Tokens After 119% Surge To $1.49
FTX and Alameda transferred $22 million in cryptocurrencies to exchanges in 24 hours. FTX entities orchestrated the movement of 6.26 million IMX, amounting to $9.12 million after a recent value...
Sam Bankman-Fried On Suicide Watch While in Detention: Ex-Inmate
Borrello said the suicide watch lasted for only one day. Gene Borrello revealed that Sam Bankman-Fried was on suicide watch for a day while in jail. The ex-inmate said Bankman-Fried...
FTX Allowed To Liquidate $873M Worth of Bitwise and Grayscale Assets
FTX Trading Ltd. and its affiliated debtors are granted permission to sell or transfer their stakes in trust assets managed by Grayscale Investments, according to a recent case filed in...
FTX Token (FTT) Surges 276%: Is Another Upward Move Brewing?
Demand for FTT increased after the U.S. DOJ sanctioned Binance, leading to a 30-day high. With strong support at $2.94, FTT may retest $4.76 if sellers halt profit-taking. The 9...
SBF Is Locked Up With Former Honduran President and Ex-Mexican Police Chief
Sam Bankman-Fried (SBF), the once-high-flying founder of crypto exchange FTX and trading firm Alameda Research, is getting adjusted to his new life inside the confines of Brooklyn’s Metropolitan Detention Center....
FTX Token Rallies Again, Outperforms BTC by 255% In 3 Weeks
Santiment, the blockchain intelligence platform, revealed in an X post today that the native token for the collapsed FTX exchange, FTX Token (FTT), underwent another rally over the past 24...
Genesis Sues Former Partner Gemini Trust For $689M in Recent Filing
Genesis Sues Former Partner Gemini Trust For $689M in Recent Filing
