FTX News
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...
CZ Blocks Critic Adam Cochran on X After Report of His FTX Affiliation
Changpeng Zhao (CZ), the CEO of Binance, the largest crypto exchange, has blocked one of his long-standing critics on X. In particular, Zhao jammed the door against Adam Cochran after...
Data Shows Promoter of Binance FUD Adam Cochran Is An FTX Affiliate
Critics spread FUD about Binance, arguing that it may be about to crumble like FTX. One of the FUD promoters is an FTX affiliate, Adam Cochran. Cochran raised concerns about...
FTX Former Executive Ryan Salame Refuses To Testify Under Oath
Ryan Salame, the former co-chief executive of FTX, was declared unavailable to testify, and if subpoenaed, Salame would invoke his Fifth Amendment right against self-incrimination. Molly White, a crypto researcher...
US Court Revokes SBF Bail, Sending Him to Jail Ahead of Fraud Trial
In a recent update, Colin Wu, a prominent Chinese reporter, has conveyed through his Twitter account that U.S. Federal Judge Lewis Kaplan has made a significant decision regarding the case...
FTX Administrators Highlight Concerns Over Panel Members’ Influence
Today, Bloomberg reported that the administrators of the bankrupt crypto exchange FTX have garnered attention by raising concerns about certain panel members. According to the report, FTX’s debtors expressed dissatisfaction...
BTC Hodlers Drive Market Surge, 97 Out Of 700+ Crypto Funds Shut Down
According to Swiss investment adviser 21e6 Capital, 97 of 700 global crypto funds closed in 2023. Bitcoin outperformed crypto funds as part of a significant January gain, followed by a...
FTX Reboot ‘Worse Than Starting From Scratch’: Kraken Co-founder
Days after FTX unveiled a reboot plan, Kraken FX co-founder Jesse Powell said an FTX relaunch might be worse than starting from scratch. Under its new leadership, the bankrupt crypto...
Is SBF BALD? FTX Connection Emerges in Rug Pull Investigation
Sam Bankman-Fried (SBF) may be the deployer of the controversial meme token BALD, according to analysis by on-chain sleuths on Twitter. The previous transactions made by the wallet that added...
FTX Unveils Customer Reimbursement Plan, Proposes to Restart FTX.com
In a crucial turn of events, FTX, Sam Bankman-Fried’s crypto exchange, which filed for bankruptcy in November 2022, recently announced the launch of a draft creditor-repayment plan in an effort...
FTX, Genesis Strike Deal to Settle Multi-Billion Dollar Bankruptcy Dispute
Bankrupt crypto exchange FTX and crypto lender Genesis reach an agreement in principle to resolve multi-billion dollar claims. The “settlement” aims to resolve various claims, however, specific details of the...
US Prosecutors Acquit SBF of Illegal Campaign Donations: Report
According to a recent report, Sam Bankman-Fried, the ill-famed founder of the bankrupt crypto firm FTX, has been acquitted of unlawful campaign contributions– one of the allegations that the disgraced...
FTX Faces Fresh Controversy: Alleged Island-Buying Plan
The latest legal action against Sam Bankman-Fried, co-founder of the now-bankrupt crypto giant FTX Trading Ltd., and his former top execs has shed light on the allegations of extensive fraud...
Bankrupt FTX Seeks to Recover $71M from its Philanthropic arm
Bankrupt crypto exchange FTX and its sister company Alameda Research want to recover over $71 million from its philanthropic arm and other life science entities, court documents reveal. This latest...
Australian Regulator Permanently Withholds FTX Business License
The asset regulatory agency of Australia has taken decisive action against the local branch of the once-prominent U.S. crypto exchange FTX. Specifically, it announced the cancellation of FTX’s license, which...
Ex-FTX Official Constance Wang Takes on New Role at Sino Global
Zhe “Constance” Wang, a former top executive in Sam Bankman-Fried’s FTX, has joined crypto venture capital firm Sino Global Capitals, according to a Bloomberg report. Before the collapse of the...
FTX Relaunch Likelihood Is Low, Expert Argues Using Past Cases
In an exclusive interview, Thomas Braziel, Founder of 507 Capital, weighed in on the news of FTX considering relaunching its operations, noting that FTX is actively exploring the idea, with...
FTX CEO: We Have Begun Soliciting Interested Parties to Reboot FTX.com
Bankrupt FTX, the embattled crypto exchange that faced a high-profile collapse last year, is determined to return and revive its international platform, FTX.com. Despite the challenges posed by increased regulatory...
XRP Lawyer Questions SBF’s Parents’ Involvement in FTX Case
The XRP attorney John E Deaton probed into question the investigation on the ill-famed FTX head Sam Bankman-Fried’s parents. In his recent tweet, Deaton shed light on the previous allegations...
