Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
Tag: FTX
Binance Mirror Aims to Keep Traders Safe and Avoid Another FTX
Binance has launched a solution that will enable institutional investors to keep their collateral for leveraged positions off the exchange. Binance Custody, the exchange’s institutional digital asset ...
Bitcoin has now recovered all its losses since FTX collapsed
A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two day...
Alameda Reported to Had 65BN USD Worth Line of Credit from FTX Customers’ Funds
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Crypto.com Lays Off More Of It’s Workforce As Crypto Winter Deepens
(AP Photo/Mark J. Terrill) Copyright 2022 The Associated Press. All rights reserved. Key takeaways Digital assets exchange Crypto.com has laid off 20% of its global workforce. The announcement is the ...
Tokyo Brokerage Firm Monex Group To Buy Crypto Exchange FTX Japan
The implosion of the crypto exchange FTX sent shockwaves across the crypto space. Before its fall, FTX was one of the top exchanges in the world. It had millions of users with several products and ser...
3AC Bosses Eye $25 Million Funding For New Crypto Exchange GTX After FTX Crash
– Advertisement – Summary: Founding team members also include Co-Founders of troubled exchange CoinFLEX, Mark Lamb, and Sudgu Arumugam. The GTX exchange will allow users to trade claims fo...
Financial Giant Linked With Galaxy Digital Plans To Buy FTX Japan
Japanese financial services company Monex Group plans to buy FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s beleaguered crypto exchange FTX. The move comes after the bankruptcy court approv...
Monex is the first potential buyer for FTX Japan
On Jan 16th, 2023, Bloomberg reported that Monex Group Inc had expressed interest in acquiring FTX Japan. One of the FTX subsidiaries is on sale after the FTX filed for bankruptcy. Monex CEO interest...
FTX hacker gets tips on how to launder $400 million
ETH transactions have been discovered to contain messages for the $400 million FTX hacker with tips on money laundering. Hacker receives bizarre message The hacker who stole $400 million worth of cryp...
FTX token spikes by 60% in 24 hours
The native token of the now-defunct crypto exchange FTX Token (FTT), has had an incredible rally this week. In contrast, Sam Bankman-Fried, the creator and former CEO of FTX, has pleaded not guilty to...
Monex Group Seeks Interest To Buy FTX Japan Despite Bankruptcy
Monex Group is planning to buy FTX Japan amid bankruptcy. The Japanese crypto market is witnessing a potential growth at present. $139M of FTX Japan liquidity will be returned back to the customers....
FTX Japan on its way to refund customers from February
FTX Japan is seeking to give the customer assets back from February 2023, as per the statement by the firm on 29 December 2022. Reportedly, FTX has over a million creditors over the world. ...
FTX fiasco hits Bahama Sand Dollar adoption
After FTX blew up, the Bahama Sand Dollar couldn’t maintain its momentum. Bahamian authorities have blamed the FTX implosion and the Covid-19 pandemic as contributing factors to the slow adoption rate...
Monex wants to buy FTX Japan amid bankruptcy proceedings: Report
FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo. In an interview with mainstream media outlet Bloomberg, Monex CEO Oki Matsum...
Former FTX US Big Boss’ New Company Supported By Anthony Scaramucci
The founder of Skybridge Capital, Anthony Scaramucci, has reportedly supported Brett Harrison, former president of FTX US crypto trading platform, in a new crypto company project. Scaramucci will be s...
Brian Armstrong: The FTX Fallout Is Far from Over
Despite several bullish predictions for 2023, Brian Armstrong – the CEO of Coinbase – believes it will be some time before the crypto space relieves itself of the drama caused by FTX, and he doesn’t t...
Former FTX US President Reveals SBF’s Management Flaws
An ex-President of FTX US has revealed the reasons for his resignation from the position. He said that the inexperienced management destroyed the firm. Harrison explained that SBF had tried to block h...
3 Cryptos Gaining Momentum After FTX Bankruptcy: Gnosis, Kusama, BudBlockz
FTX shocked the world when on November 11th, 2022, it filed for U.S. bankruptcy protection. Launched in 2019, FTX became known as the fastest-growing crypto, peaking in 2021 with over a million users...
Lewis Kaplan Will Be the Judge to Oversee FTX Court Case
Judge Lewis A. Kaplan, a Manhattan federal judge, will oversee the trial of Sam Bankman-Fried. SBF is presently facing several charges in connection with the collapse of FTX. It is alleged that Bankma...
FTX Cleared to Sell LedgerX, Other Assets to Repay Creditors
A judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-reg...
Former FTX US President Says Relationship with SBF Deteriorated
Brett Harrison, the former president of the infamous FTX exchange, recently broke his silence about his time on FTX. Brett recently released a string of tweets that recalled his experience with a vola...
BTC price cancels FTX losses — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week at new 2023 highs, but still divides opinion after a blistering price rally. In what is shaping up to be the antidote to last year’s slow bleed to lower prices, January...
Former FTX US President Accuses SBF of ‘Gaslighting and Manipulation’
Former President of FTX US Brett Harrison shared details of his tenure under Sam Bankman-Fried on Saturday, distancing himself from the disgraced crypto mogul who’s been charged with a series of finan...
Former FTX US President Denies Involvement in FTX Collapse
– Advertisement – Brett Harrison, the former president of FTX U.S. has denied involvement in the FTX-Alameda debacle. 1/49 Many have asked questions about my time at FTX US and why I left ...
SkyBridge Capital founder to invest in crypto firm founded by former FTX US president
Anthony Scaramucci, the founder of SkyBridge Capital, told Bloomberg that he is going to invest in a crypto company founded by the former president of FTX US. This new venture was announced only three...
FTX secretly lent Alameda Research $65B
Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff’s argument that approval breaches 2019 New York clim...
Scaramucci to invest in crypto firm founded by former FTX US boss
SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US. According to an email to Bloomberg, Scaramucci said he would be investing his o...
SBF accused of “Gaslighting and Manipulation” by the former president of FTX US
Join Our Telegram channel to stay up to date on breaking news coverage On Saturday, Brett Harrison, the former president of FTX US, provided information about his time working for Sam Bankman-Fried wh...
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...
There Will Be No Lessons Learned From FTX
So, we’re now in a less than ideal situation. Bad actors are undeterred by the lack of regulation, but good actors are. The result: Bad actors face far less competition. It’s not, thankfully, zero com...