– Advertisement – Garlinghouse is not optimistic due to SBF’s alleged fraud but hopes Ripple can recover a substantial amount of the funds through the courts. Ripple chief executive office...
Tag: FTX
FTX Claims Hackers Stole $415 Million From The Collapsed Crypto Exchange
FTX disintegrated in November last year which then led to a cascade of events that exacerbated the already struggling crypto market. The failed exchange is again hogging the headlines as FTX reports m...
Sam Bankman-Fried Maintains FTX US is Solvent, Despite Debtors’ Claims
FTX’s former CEO, Sam Bankman-Fried, has reiterated claims that FTX US is solvent following FTX debtors’ latest statements to the contrary. According to Bankman-Fried, the group failed to account for...
FTX Identified Approx. $5.5 Billion of Liquid Assets
FTX Trading Ltd. and its affiliated debtors, announced on January 17th, 2023, that their top level management and advisors met with the members of and advisors to the Official Committee of Unsecured C...
FTX Identifies $415 Million Hack amongst Recoverable $5.5 Billion Digital Assets
Embattled crypto exchange FTX fingered a $415 million hack from November as part of assets recovered to pay off creditors. Fallen crypto exchange FTX has identified a $415 million crypto hack as part ...
FTX Lost $415 Million in Crypto Hack After Filing Bankruptcy
FTX, the bankrupt crypto exchange, informed its creditors in its January 17, 2023, report that the exchange had lost around 415 million US dollars in cryptocurrency due to hacks. John Ray, current...
The FTX Crisis: Bankman-Fried Under Fire For Fund Mismanagement
A report has surfaced that details communications between the United States and Bahamian officials regarding investigations into FTX. The report indicates that officials from the Bahamas Financial Ser...
Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense – Bitcoin News
Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his S...
Court Docs Reveal FTX Allowed Alameda to Borrow $65,000,000,000 for Trading, Made Firm Exempt From Liquidation
Newly released court documents reveal a “$65 billion back door” that FTX had set up for Alameda, the now-defunct crypto exchange’s trading arm. A case docket with a deck detailing FTX’s assets and lia...
Anthony Scaramucci Makes Prediction on Future of Crypto, Ups Conviction After FTX ‘Betrayal’
SkyBridge Capital chief executive Anthony Scaramucci says crypto is on the verge of unleashing a “wave of economic innovation.” In a new interview at the Blockchain Hub Davos 2023 event, Scaramucci sa...
FTX defends move to appoint law firm Sullivan & Cromwell as advisor
Bankrupt crypto exchange FTX filed a Jan. 17 response — authored by Sullivan & Cromwell (S&C) lawyers — to the objections surrounding its retention of the law firm as an advisor. FTX said the ...
FTX is still in murky waters despite discovering $5.5b of liquid assets
FTX and its advisors have revealed they found about $5.5 billion in liquid assets so far, comprising $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. Customers may ...
Bankman-Fried Wanted Crypto Prices to Go Up to Plug FTX Hole
Key Takeaways Top FTX executives worried about Alameda using FTX customer money back in 2020, the New York Times has revealed. Sam Bankman-Fried reportedly dismissed the concerns, saying that Alameda’...
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate – Bitcoin News
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level execut...
SBF said it was ‘okay’ that Alameda was borrowing FTX user funds
Weeks before the FTX collapse, a top executive raised concerns to founder and then CEO Sam Bankman-Fried (SBF) about Alameda’s significant debt to FTX, the New York Times (NYT) reported. The report ci...
FTX places the emphasis on decentralization
As the analysis of the aftermath of the FTX collapse continues, various findings have emerged regarding the importance of the Distributed Ledger Technology. The collapse of one of the most important e...
What Is ‘Proof of Reserves’ & Can It Help Avoid Another FTX?
As the crypto economy grapples with the epic meltdown of FTX, one of its top exchanges, there are a lot of questions being raised on what the future holds for this market. While scams, hacks, and gros...
The DOJ Is Investigating the Theft of FTX Crypto Funds
The drama surrounding the fall of famed crypto exchange FTX just keeps getting bigger and bigger. FTX Will Be With Us a Long Time It has been announced that several prosecutors are looking into the di...
“Alternative Protein” Nonprofits Should Return Donations To FTX
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, … [+] 2022. – New York judge Gabriel Gorenstein ordered Bankman-Fried be released on $250 mi...
FTX US Discovers Another $90 Million Missing
As the bankruptcy and restructuring saga of FTX and its affiliated entities continues to unfold, more and more instances of assets being transferred off of the exchange come to light. Inching Closer t...
FTX: Alameda could borrow up to $65 billion without collateral
FTX’s back door to Alameda gave the research arm access to borrow billions of customers fund without collateral The recovered funds are less than the assets that were supposed to be on both FTX.com an...
Disgraced FTX founder SBF Confident of Solvency for FTX US
As the bankruptcy proceedings for fallen the crypto exchange FTX continues, the disgraced owner Sam Bankman-Fried has reiterated his stand that the FTX US crypto exchange “was and is solvent.” During ...
FTX says $415 million of crypto was hacked
FTX logo displayed on a phone screen is seen through the broken glass in this illustration photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki/NurPhoto via Getty Images Bankrupt crypto ...
Bitcoin Stocks Correlation Surges After Decoupling from Wall St Amid FTX Drama
While the BTC price cratered over Alameda-FTX and Genesis-Gemini news, it decoupled from the S&P 500 Index and NASDAQ Composite. But after crypto exchange markets priced in the news, they were rea...
Breakdown of current FTX assets shows $3.5B in crypto, $250M in real estate
Recently released court findings have revealed that FTX.com had $1.6 billion in crypto assets at the time of the bankruptcy petition. However, the total value of all assets recovered by FTX Debtors ca...
Alameda had $65B artificial credit line, 43,000% more than FTX market makers
A recent court filing in the FTX bankruptcy case has revealed a “$65 billion backdoor” between Alameda and FTX. The filing includes a deck detailing the current findings relative to FTX group funds. T...
Anthony Scaramucci Invests In Former FTX President’s Company
Join Our Telegram channel to stay up to date on breaking news coverage Anthony Scaramucci has said he is investing in a company established by Brett Harrison, the former president of inoperative crypt...
FTX finds $5.5 billion in liquid assets, still faces ‘substantial shortfall’
Collapsed crypto exchange FTX said Tuesday it has identified $5.5 billion of liquid assets, but said based on current estimates both the international and U.S. based exchange still face a “subst...
FTX bankruptcy debtors ditch the courtroom drama — for now
Lawyers for crumbling crypto exchange FTX and liquidators in the Bahamas have smoothed things over after a contentious courtroom brawl over who has jurisdiction in the failed company’s bankruptcy. &#...