FTX News
Sam Bankman-Fried’s Trial: FTX Co-Founder Admits to Financial Fraud
October 5 was the third day of Sam Bankman-Fried’s trial, and three people testified. FTX Co-Founder Gary Wang, Former FTX Software Developer Adam Yedidia, and Paradigm Co-Founder Matt Huang. Gary...
Juror Reveals Ties to FTX-Linked Law Firm During SBF Trial Selection
In a recent update regarding the trial of former FTX CEO Sam Bankman-Fried (SBF), it has been revealed that a diverse group of 12 jurors has been carefully selected to...
Day Two of SBF’s Trial: Witnesses Shed Light on Alleged Fraud
On the second day of Sam Bankman-Fried’s trial, the U.S. Department of Justice (DOJ) accused SBF of intentionally defrauding investors for personal gain, while the defense claimed that SBF only...
FTX Wallet Drainer Relentless: Bridges Another 5,624 ETH to BTC
CertiK Alert, a platform that provides real-time alerts about crypto hacks, posted on October 4 that the FTX drainer bridged another 5,624 ETH to BTC. That follows a series of...
Kaiko Report Takes A Closer Look At The Impact Of FTX’s Collapse
A new report by crypto analytics firm Kaiko takes a closer look at the aftermath of FTX’s collapse in November last year. Kaiko’s research found that centralized crypto exchanges like...
Ex-Crypto CEO SBF Risks 150 Years Prison Term as Fraud Trial Begins
Amid the commencement of the trial of Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, the crypto community speculates about the possibility of the former crypto CEO...
Deaton Slams Michael Lewis as ‘Clown’ for Blaming CZ in FTX Debacle
The renowned American author and financial journalist Michael Lewis has found himself embroiled in stern criticism from the crypto community amid his comment on the bankrupt FTX exchange. In a...
FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author
Bankrupt crypto exchange FTX wasn’t a Ponzi scheme and had great real business, according to best-selling American author Michael Lewis. In an interview with CBS News, Lewis shared his stories...
$415 Million FTX Hacker Moves ETH Exploited From The Exchange
The hacker behind the $415 million FTX exploit recently moved millions worth of ETH. The exploiter has moved a total of $8 million worth of crypto assets via Railgun and...
Ongoing JPEX Scandal Sparks SFC Crackdown in Hong Kong
Hong Kong SFC announces plans to release a list of suspicious crypto trading platforms. The announcement comes after the controversial JPEX scandal, possibly “one of the largest” cases of fraud”...
Sell FTX Crypto Assets, Divide the Cash Between Victims: Ripple CTO
In a post on X (formerly Twitter), Ripple Labs CTO David Schwartz said that selling FTX crypto assets and dividing the cash between victims of the collapse is the best...
FTX Estate Sues Sam Bankman-Fried’s Parents To Clawback Funds
The bankruptcy estate of FTX has sued the parents of founder and former Chief Executive Sam Bankman-Fried in an attempt to clawback funds. The defunct crypto exchange’s managers are looking...
FTX Claims Portal Resumes Operations, Assures Account Safety
As per recent reports, the bankrupt FTX’s customer claim portal has resumed its operations, following a severe cyber security breach. Reactivating the frozen accounts and resuming activities, FTX assured the...
Sam Bankman-Fried’s Parents Were Reportedly Involved In FTX’s Affairs
Sam Bankman-Fried’s parents were reportedly involved with FTX’s decision-making process. Joseph Bankman and Barbara Fried were involved in marketing, advertising, and several other roles. A report by Bloomberg claimed that...
Binance’s CEO Believes FTX Collapse Brought More Regulations
Binance CEO Changpeng Zhao said the regulatory atmosphere in Singapore around crypto became more conservative after FTX’s collapse, according to a Bloomberg report. He added that similar measures are being...
Can FTX’s Solana Sell-Off Cause Market Dip? Crypto Analyst Explains
Crypto trader and analyst MartyParty recently posted a tweet exploring the potential impact of FTX’s expected dumping of SOL on centralized exchanges. On September 13, Judge John Dorsey announced that...
FTX’s Planned Liquidation of $3.4 Billion Crypto: FUD or Reality?
The crypto market plugged into a deeper bearish trend after revelations that the bankrupt FTX exchange could liquidate billions of dollars worth of crypto assets. Specifically, a recent report from...
FTX Seeks to Reverse Millions of Dollars Paid to Athletes for Brand Hype
According to a recent report by Bloomberg, financial advisers working on behalf of FTX Group are examining the possibility of recovering millions of dollars in payments made to prominent figures...
Former FTX Executive Pleads Guilty; Risks 10-Year Prison Term
Former FTX executive Ryan Salame has pleaded guilty to criminal charges in the FTX case, admitting in court that he had violated laws and operated an illegal money-transmitting business. Salame...
FTX Bankruptcy, Rising Costs, and Lawsuits Alters Crypto Market: Reports
The crypto market‘s profit margins sank 30% in comparison to last year, according to Bloomberg. The market used to be profitable for traders, but after the bankruptcy of the FTX...
FTX Cold Wallet Transfers Over $10M in Crypto Tokens to Ethereum
Colin Wu reported a Solana address marked as an FTX cold wallet is transferring funds. The address transferred the likes of LINK, SUSHI, LUNA, and YFI to an Ethereum wallet....
FTX Confirms Cybersecurity Breach on Claims Agent Impacting User Data
The bankrupt FTX crypto exchange has warned its users of potential scam emails following a cybersecurity incident. In particular, Kroll, the claims agent overseeing the bankruptcy proceedings, experienced a cybersecurity...
FTX Seeks Galaxy Digital to Sell Remaining Crypto Holdings
According to the latest reports, Billionaire Michael Novogratz’s Galaxy Digital Holdings Ltd. has been hired by FTX to help sell crypto holdings. “A comprehensive management and monetization” developed by the...
Binance Flails in Troubled Waters; Will it Drown like FTX?
Parallels between Binance’s situation and FTX’s collapse raise concerns about its future. Binance faces lawsuits, investigations, and regulatory pressure, casting doubt on its stability. BNB value dropped by over 30%...
FTX Debtors to Seek Justice in Class-Action Suit Against Grayscale
In a recent announcement, Alameda Research, UTXO Management, and Balch & Bingham LLP unveiled GrayscaleLitigation.com. According to the notification, the platform seeks to unite the Grayscale Bitcoin Trust and Grayscale...
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