In a court hearing on Friday morning, the bankruptcy judge overseeing FTX’s case approved the hiring of the law firm Sullivan & Cromwell, and called allegations from a former FTX US compliance off...
Tag: FTX
FTX Founder SBF Could Forfeit Around $700M to U.S. Govt.
FTX’s disgraced founder Sam Bankman-Fried (SBF) could forfeit as much as $700 million worth of assets to the United States government, according to new court documents filed on January 20. The Jan. 20...
FTX Finally Gets Court Approval For This Despite Much Controversy
The judge presiding over the FTX Group bankruptcy case declined to appoint a different legal team to handle the Chapter 11 lawsuit for the insolvent crypto exchange; deciding that last-minute criticis...
FTX Founder to Forfeit $700 Million
According to recent documents filed in court, in the event that disgraced FTX founder Sam Bankman-Fried (also known as SBF) is found guilty of fraud, he will be required to relinquish assets valued at...
FTX Judge Throws Out FTX Lawyers’ Conflict of Interest Case
A Delaware judge presiding over the FTX bankruptcy case ruled today that attorneys Sullivan & Cromwell can represent FTX in its ongoing bankruptcy case. Judge John Dorsey overruled a claim lodged ...
Scaramucci’s SkyBridge to Buy Back FTX Stake; Says Claims Against SBF ‘Very Clear’ ⋆ ZyCrypto
Advertisement     The investment company has termed FTX’s case as outright fraud. Before the collapse, SkyBridge had acquired $10 million worth of FTT tokens. Skybri...
FTX reboot could falter due to long-broken user trust, say observers
Several crypto industry commentators have expressed skepticism about FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers ...
FTX New CEO Plans to Reboot Distressed Exchange, FTT Climbs 32%
In reaction to the relieving comment by the new FTX boss to reboot the exchange, the FTT token jumped 32% to $2.37. After the sudden FTX crash that resulted in losses for many investors and made sever...
Alleged scammers send FTX 2.0 token from FTX wallets
A token called FTX 2.0 (FTX2.0) is being spread among cryptocurrency users from an actual FTX address, one transaction moving 22 million to a wallet controlled by Justin Sun — a co-founder of ethereum...
Genesis Has $226 Million in Claims Against FTX
Genesis – a top crypto lending unit that filed for bankruptcy on Thursday – was listed as FTX’s top unsecured creditor within the exchange’s own bankruptcy documents. The firm has an unliquidated cl...
Fraudsters Created a Fake FTX 2.0 Token to Dupe Users
Scammers have created a fake FTX token, dubbed FTX 2.0, to impersonate the now-bankrupt crypto exchange less than 24 hours after the company’s new CEO announced that the platform could be revived. Acc...
Former FTX chief lawyer claims US legal counsel channeled business to S&C
A former chief lawyer for FTX has accused the company’s U.S. general counsel of channeling business to Sullivan & Cromwell (S&C), the firm currently serving FTX as bankruptcy counsel. Daniel F...
FTX Token FTT Pumps 32% After New CEO Says Exchange Could Be Revived
The token issued by the bankrupt FTX crypto exchange has jumped 32% in a day after its new CEO, John J. Ray III, reiterated that he’s mulling over the idea of restarting the struggling exchange former...
Bankrupt Crypto Exchange FTX Could Restart Operations, Says New CEO: Report
John J. Ray III, the bankruptcy lawyer who replaced Sam Bankman-Fried as FTX CEO, is reportedly considering the idea of rebooting the beleaguered crypto exchange. The Wall Street Journal reports that ...
New FTX CEO John J. Ray III Plans To Breathe Life Into FTX.com
FTX’s new CEO John J. Ray III announced that there is a chance of reviving FTX.com. Ray mentioned that he had set up a task force to focus on restarting the operations of FTX.com. The FTX’s new CEO po...
Will Gemini Follow in the Footsteps of FTX and Genesis? Here’s What You Need to Know!
Gemini, world one of the largest crypto exchanges and the brainchild of the Winklevoss twins is now in deep liquidity trouble. The founders are fighting to get back the customer’s funds held on Genesi...
Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors – Bitcoin News
Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankma...
Scammers Airdropping Fake FTX 2 Token to Make it Look Like official FTX airdrop
– Advertisement – The token’s smart contract has a backdoor function that could potentially allow scammers to manipulate a user’s wallet balance. Hackers are once again targeting the crypt...
FTX U.S. channeled business to S&C, alleges former Chief Regulatory Officer
Former FTX legal counsel accused the firm’s U.S. general counsel of channeling business to S&C. S&C allegedly served as personal counsel to Sam Bankman-Fried and another key FTX executive. For...
Law firm Sullivan & Cromwell can represent FTX debtors, judge rules
White shoe law firm Sullivan & Cromwell can represent FTX debtors in the trouble exchange’s bankruptcy case, a Delaware bankruptcy court judge ruled. “There’s no evidence of any actual confl...
FTX (FTT) Token Price Soars 32%
Despite the bankruptcy, the price of the FTX (FTT) exchange token has risen an impressive 32% in 24 hours. The positive trend is related to the news given by the company’s new CEO, John J. Ray III, wh...
FTX Collapse Claims Big Victim: Genesis Goes Bankrupt
Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency industry. Crypto lender Genesis Global Holdco LLC filed for b...
Former FTX US head makes “surprising” comeback after exchange collapse, securing $5M funding for startup – Cryptopolitan
Brett Harrison, ex-FTX.US President, is on the verge of creating a new cryptocurrency startup called Architect. However, the startup will be tailored to meet the needs of institutional clients. As rep...
FTX CEO says he is exploring rebooting the exchange: Report
John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com. According to a Jan. 19 report from The...
New FTX CEO Says Exchange May Be Restarted, $FTT Jumps 30%
– Advertisement – FTX CEO John Ray III has stated that it may be possible to restart the bankrupt exchange. The CEO has set up a task force to explore restarting the exchange. John Ray cr...
Be aware of FTX2, the scam token being airdropped to Justin Sun, Binance, Kucoin, and FTX – Cryptopolitan
While affected crypto investors are crying foul over the FTX collapse, some are mulling over the idea of making money from the situation. FTX2 is an attempt by a determined bad actor to take advantag...
FTX Claims $415 Million Was Hacked
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt cryptocurrency exchange FTX has announced that $415 million worth of cryptocurrencies was stolen from the exchange’s acc...
Why Is FTX Cryptocurrency’s Value up Over 170% in 2023?
Contents Reasons for rise of FTT Huge speculation Recently, the cryptocurrency market has exhibited a high level of optimism. Bitcoin (BTC) and altcoins have demonstrated strong performance, leading s...
New FTX boss John Ray says exchange could come back
New Chief Executive Officer of bankrupt crypto exchange FTX, John Ray, has brought up the idea of reviving the exchange since his takeover in November. In an interview with The Wall Street Journal on ...
Sam Bankman-Fried Insists Bankruptcy Team Is Wrong About FTX US Insolvency
Despite repeated claims from the FTX bankruptcy restructuring team that both the international and U.S. exchanges are missing millions worth of customer funds, disgraced ex-CEO Sam Bankman-Fried says ...