FTX News
FTX’s Former General Leads Backpack Exchange Launch: Report
According to a recent report published by The Wall Street Journal (WSJ), a team of former executives of the ruined FTX is venturing toward launching a new crypto firm, Backpack...
FTX Sues Bybit and Affiliates Alleging Withdrawal of $953: Report
FTX sues Bybit, its investment branch Mirana Corp, and an affiliated crypto exchange, Time Research. The platforms allegedly withdrew a total of around $953 in funds and assets using VIP...
The Fed’s Fund Rate Correlates With Stablecoin Liquidity: Analyst
According to Tom Wan, Research Analyst at 21.co, two significant stablecoin liquidity drops have occurred since Terra and FTX crashed. Wan used on-chain data to identify a corresponding behavior in...
NYSE President Tom Farley’s Bullish Leads the Rally to Relaunch FTX
The ruined crypto exchange FTX’s auction and re-launch have been the talk of the town over the past few days. While has FTX received multiple bids for a potential re-launch,...
John Deaton Discusses Sam Bankman-Fried Trial and Implications for the Industry
John Deaton, lawyer and founder of Crypto Law, welcomed crypto reporter Wendy O on his Crypto Law show. The two discussed Sam Bankman’s Fried trial, others who were involved in...
FTX Moves to Sell-off 1M Solana After SOL Grows 90% To $43.79
On-chain data has revealed that wallet addresses linked to the insolvent cryptocurrency entities FTX and Alameda have continued to engage in substantial movement of their crypto portfolio to exchanges, potentially...
Silicon Valley Firm Proof Group Joins Race to Revive FTX
Silicon Valley’s Proof Group, known for its recent successful bid on the bankrupt crypto lender Celsius as part of the Fahrenheit consortium, is reportedly in contention to revitalize the defunct...
FTX Transfers $19M Worth of SOL and Deposits 1500+ETH, What is Happening?
Market analysis platform Lookonchain tweeted that FTX transferred 462,964 $SOL ($19.2 million) and deposited 1,583 $ETH ($3 million) to exchanges. When the aggregate of the transfers made by FTX/Almeda was...
FTX Unstaked 3.96M SOL and Transferred 750K SOL; Community Expects Bearish Season
Lookonchain, a market analytics platform, recently reported on X that FTX unstaked 3.96 million SOL two days ago and transferred 750,000 SOL to Binance and Kraken. At the time of...
FTX Creditors Seek Permission To Sell $744M Worth of Trust Assets
A court filing from November 3 revealed that bankrupt crypto exchange FTX, along with its creditors, has submitted a request to the U.S. bankruptcy court in Delaware for authorization to...
Sam Bankman-Fried Found Guilty: Is Do Kwon Next?
Sam Bankman-Fried (SBF), the former FTX CEO, has been found guilty of all seven charges in the FTX trial. Shortly after the judgment, the U.S. Securities and Exchange Commission (SEC)...
Peter Schiff: CNBC Shares Blame for Promoting SBF and FTX Scam
Chief Economist and Global Strategist of Euro Pacific Capital Peter Schiff accused CNBC of biased coverage that helped enable Sam Bankman-Fried’s FTX scam. He argued that the network shares responsibility...
Sam Bankman-Fried Convicted Guilty on Seven Criminal Counts
Sam Bankman-Fried has been found guilty on all seven criminal counts against him. On Thursday, November 2, the jury convicted Bankman-Fried of wire fraud and conspiracy to commit wire fraud...
Defunct Exchange FTX Bankruptcy Claims Price Hit Record-High 57%
In light of recent developments in the ongoing Sam Bankman-Fried’s trial on Claims Market, a platform dedicated to bankruptcy claims, data indicates a significant surge in the current claim pricing...
FTX and Alameda Research Dump $13.6 Million on Binance, Coinbase
In a recent development, it has come to light that addresses closely associated with the bankrupt crypto projects FTX and Alameda have engaged in significant transfers again within the last...
‘Rich Dad Poor Dad’ Author Alleges FTX Founder of Fooling Investors
Robert Kiyosaki lambasts Fed Chair and Treasury Secretary, alleging they have been fooling the world. Kiyosaki questions the financial incompetency of the authority, warning them to get away from the...
Sam Bankman-Fried Remains Coy During Cross-Examination Over FTX
The former CEO of the defunct FTX crypto exchange, Sam Bankman-Fried (SBF), agreed that FTX transitioned from a bank account with Alameda in its name to North Dimension because banks...
Bankrupt FTX Weighing Relaunch Proposals From Three Bidders
Bankrupt crypto exchange FTX is looking to restart trading on its platform a year after suffering an abrupt collapse following fraud allegations, Bloomberg reported. The company said it has received...
Market Analyst Suspects Money Laundering in Ongoing FTX Case
Dylan LeClaire, a self-claimed market intelligence personality, suspects a case of money laundering in the ongoing FTX saga. According to LeClaire, Alameda minted 36 billion USDT and only redeemed about...
Blame Drama: Caroline Ellison Says ‘Sam Was the One’ Who Ruined FTX
Caroline Ellison accuses Sam Bankman-Fried of causing FTX’s collapse. Ellison claims Bankman-Fried pressured her to create fake balance sheets to hide debt. FTX’s scandal widens as former CTO Gary Wang...
FTX Clients Targeted in a Withdrawal Scam: Activist Alerts on X
FTX users have been reportedly targeted in a withdrawal scam via fake emails. The debtors received emails falsely promising instant withdrawals of assets. Sunil, an FTX activist, alerted users of...
FTX Founder’s Trial: DOJ and Defense Submit Jury Instructions
The United States Department of Justice (DOJ) and defense lawyers of the ill-famed Sam Bankman-Fried recently drafted distinct sets of jury instructions, estimating the impending decision of Judge Lewis Kaplan,...
FTX Case’s New Update: Bankman Fried’s Political Influence Unveiled
In a surprising revelation, a recent Bloomberg report has exposed the disgraced FTX founder Sam Bankman-Fried’s calendar meetings, unveiling his scheduled meetings with prominent figures, including ex-President Bill Clinton and...
FTX Moves to Generate More Revenues by Staking $170M in MATIC, ETH
In a recent development, the team overseeing the bankruptcy processes of the embattled FTX exchange has made a significant move in the crypto staking arena, causing a stir in the...
FTX Bankruptcy: Customers Could Recover 90% of Lost Asset in 2024
FTX Trading Ltd and affiliated debtors on Tuesday announced a proposed settlement for customer property disputes that may see customers reclaim 90% of lost assets in mid-2024. The FTX debtors...
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