Silvergate’s share price in after-hours trading plummets as DoJ investigation report surfaces The enforcement agency is probing the bank’s ties with the bankrupt crypto exchange Silvergate Capital, a ...
Tag: FTX
Justice Department probes Silvergate’s relationship with FTX: Bloomberg
The Justice Department’s fraud department has begun probing Silvergate’s handling of accounts for Sam Bankman-Fried’s firms, Bloomberg reported, citing unnamed people familiar with the matter. T...
Crypto market continues to rise, while Silvergate shares seesaw after probe report
Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
Ripple Reacts to UK’s New Crypto Regulation Move in Wake of FTX Collapse: Details
Following recent market developments, including the demise of FTX Exchange, the U.K. has officially announced plans to regulate the cryptocurrency industry. The government presented some proposals in ...
SBF Tried to Prevent the FTX Bankruptcy Process, Said DOJ
With the new developments in the FTX case, new disclosures are surfacing. Recently the US Justice Department reportedly stated that the founder of the Bahamian crypto exchange wanted to stop the bankr...
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse – Defi Bitcoin News
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a...
Regulators May Be ‘Speeding Up Their Timeline’ on Cryptocurrencies
Properly measuring counterparty risk in crypto has rarely been more crucial. This is the clear message emanating from a panel at the iConnections Global Alts conference in Miami on Tuesday featu...
The crypto documentary on FTX and Binance
The events of the crypto world are moving to the big screen, as plans for a documentary on the founder of Binance and FTX were recently announced. The documentary will be produced by Fortune and Unrea...
New FTX documentary to spotlight SBF-CZ relationship
The FTX saga and the developments that led to the crypto exchange’s collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest...
FTX Has Uncovered Several Lost Assets
Representatives of the now fallen crypto exchange FTX say the company has uncovered about $5 billion in new assets which consist of crypto, cash, and liquid investment securities. FTX Has Found About ...
FTX debtors want to subpoena SBF allies
FTX’s debtors and impacted parties are requesting the court to subpoena Sam Bankman-Fried’s inner circle to turn over records and information for ongoing investigations. Debtors hope court subpoenas S...
Can Solana stay afloat without SBF and FTX?
Solana is widely regarded as the personal project of Sam Bankman-Fried (SBF). He single-handedly set a floor price of $3 before one of the most spectacular bull runs in crypto history to $267. SBF now...
Court reveals SBF family involvement in FTX case
On Jan. 28, 2023, John J. Ray III, the current FTX CEO, who led the investigations team, revealed the SBF’s family involvement with the FTX bankruptcy case claiming that he has no doubt the SBF’s fami...
FTX Bid Deadlines for Japan, Europe Businesses Revealed (Report)
The FTX Group of companies undergoing bankruptcy proceedings extended the preliminary bid deadline for its Japan and Europe affiliates as administrators scramble to raise funds to help pay back credit...
SBF restricted from using Signal, communicating with FTX employees
Federal judge Lewis Kaplan has imposed communication restrictions on former FTX CEO Sam Bankman-Fried, as seen in a Feb. 1 court filing. The ruling imposes two restrictions. First, Bankman-Fried will ...
Silvergate Knew More About FTX Woes Than It Is Saying, US Senators Say
Join Our Telegram channel to stay up to date on breaking news coverage A group of US senators is seeking new details from Silvergate Capital Corp about its knowledge of FTX’s alleged misuse of custome...
How to Navigate Crypto Trading Risks After FTX Collapse
Jason Urban, the head of Galaxy Digital’s trading desk, recently spoke to Forbes about the company’s experience with trading platform FTX, which collapsed in November of last year. At the time, CEO Mi...
Silvergate faces renewed calls for clarity over dealings with FTX and Alameda
U.S. lawmakers are seeking details from Silvergate Bank regarding its ties to FTX and Alameda. Silvergate received a similar letter last year but couldn’t provide a satisfactory response. A group of B...
FTX sues Voyager Digital: Retrieval of $446 M loan payments from 2022
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The UK to Enforce ‘Robust’ Standards in the Crypto Industry After FTX Crash
The government of the United Kingdom is willing to strengthen the rules on the local cryptocurrency sector to prevent another adverse event like the FTX collapse. The recently-appointed Prime Minister...
This ultrarich New York family lost billions on Enron, Bernie Madoff, and now FTX — here are 3 simple tricks to avoid getting scammed yourself
Like a man struck by lightning three times, billionaire oil baron Robert Belfer has the dubious distinction of falling prey to Enron’s corruption, Bernie Madoff’s Ponzi scheme and the implosion of cry...
State officials support push for independent examiner in FTX bankruptcy
Officials from more than a dozen states want a federal bankruptcy judge to appoint a third-party examiner of FTX’s finances, citing the need for more transparency about the collapsed crypto exch...
Tom Brady Has Retired, Again. Here’s How Much He Earned In His 23-Year NFL Career.
Tom Brady leads all quarterbacks with 35 career playoff wins. Next on the list is Joe Montana, with 16. Kevin Sabitus/Getty Images Let’s try this again. It’s over. On Wednesday, a year to the day afte...
The Drama Continues: FTX And Alameda Demand Loan Repayment From Voyager
According to a lawsuit filed by the FTX lawyers on Monday in the US Bankruptcy Court for the District of Delaware, the bankrupt crypto trading firms want to recover $445.8 million debt that was paid t...
FTX and Affected Parties Request Subpoenas for Information from close relatives
As the bankruptcy procedures go forward, FTX and the impacted parties have issued subpoenas demanding information and documents from close relatives of the company’s former chief executive offic...
Former FTX CEO ordered not to contact current or former employees
As a condition of his release from federal custody, the federal court who is presiding over the criminal case against Sam Bankman-Fried, the former chief executive officer of FTX, has ruled that he is...
Tom Brady Has Lost a Lot of Money Because of FTX
Tom Brady and his now ex-wife Gisele Bundchen have lost close to two million shares that were at one point, worth as much as $150 million in the now dead FTX crypto exchange. The famous pair were amon...
FTX Japan promises to return funds but still won’t say when
FTX Japan has confirmed that its customers will be able to withdraw funds from “an unspecified moment in February.” In a post published this week, the company informed users that their assets will be ...
United Kingdom To Regulate Crypto Industry Following FTX Crash
As the cryptocurrency industry continues to grow in adoption and bad actors, the market has yawned for regulation as never before seen, especially with recent crashes that affected the crypto market n...
US Senators question Silvergate after FTX comments
According to recent reports, several US senators have written a letter to Silvergate Capital, the parent organization of Silvergate Bank, demanding information the institution is ‘withholding’ about t...