The past week was a rollercoaster for crypto enthusiasts. Binance is looking to expand despite a dearth of clear competition, as evidenced in its recent job openings and growth maneuvers as the FTX an...
Tag: FTX
FTX Management Eyes Retrieval of SBF Charity Donations
The management of bankrupt crypto exchange FTX wants to recoup some of the charity donations made by its former CEO Sam Bankman-Fried (SBF), the Wall Street Journal reported. CEO John Ray III said det...
FTX attempting to recover millions donated to charities
Defunct crypto exchange FTX and its founder Sam Bankman-Fried (SBF) donated millions to charities. Now the firm’s new management is trying to recover the donations, the Wall Street Journal (WSJ) repor...
FTX collapse and the crisis of confidence for Binance
Kaiko, the leading provider of data on the cryptocurrency market, as it does every year has examined the most significant market events of the fourth quarter. In particular, we will focus on analyzing...
Solana Daily Active Wallets Jump by 3X Since the Crash of FTX
The number of daily active wallets on the Solana network has tripled since the collapse of the FTX exchange. Solana daily active wallets rose even when SOL price dipped towards the end of 2022. Increa...
US trustee objects to FTX’s planned sale of LedgerX and other units: Reuters
A U.S. trustee filed an objection to FTX’s plan to sell the company’s LedgerX as well as FTX units in Europe and Japan. FTX filed for bankruptcy protection in November, amid mountin...
FTX asset sales challenged by U.S. Trustee: Report
Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters. ...
Sam Bankman-Fried’s charitable donations sought by FTX: Report
FTX’s new management is seeking to recover millions of dollars in donations made by the crypto exchange and its former CEO Sam Bankman-Fried, reports the Wall Street Journal. At the end of Sept...
The Cooperation Agreement Announced by FTX Debtors and Bahamas Liquidators
According to a January 6th, 2023, press release, FTX Trading Ltd., and its affiliated debtors, and FTX Digital Markets Ltd., acting by the Joint Provisional Liquidators, announced their “agreement on ...
Leave Robinhood Shares Alone: SBF to FTX Debtors
SBF and Gary Wang bought a 56.2 million share stake in Robinhood. Sam would be using this to fund the legal battle. Alameda, BlockFi and FTX debtors are trying to access the fund. FTX was once the t...
FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market,...
Were You Rekt by FTX? This Website Connects You to Law Enforcement
Are you an FTX victim? Better call the Feds. Or at least visit the website they’ve set up to distribute information about their criminal case against FTX founder Sam Bankman-Fried. On Friday, U.S. Fed...
FTX, Bahamian FTX DM reach agreement on info sharing, disposition of property, assets
The FTX Debtors, made up of FTX and its affiliated debtors, and FTX Digital Markets (FTX DM), the Bahamian subsidiary of FTX, announced Jan. 6 that they have reached a cooperation agreement regarding ...
US Feds Launch FTX Task Force To Trace and Recover Stolen Investor Funds ⋆ ZyCrypto
Advertisement     The Manhattan US Attorney’s Office has created a task force to recover losses linked to the collapse of FTX. The move comes as embattled FTX co-foun...
Sam Bankman-Fried Spars With FTX Debtors Over Seized Robinhood Shares Valued at Over $460,000,000
Disgraced FTX founder Sam Bankman-Fried is fighting with FTX debtors over hundreds of millions of dollars worth of seized Robinhood shares. Court documents reveal that Bankman-Fried’s legal team says ...
Here’s the Latest in the Sam Bankman-Fried FTX Fraud Case—And How We Got Here
FTX founder Sam Bankman-Fried faces eight criminal charges, ranging from fraud to conspiracy to commit money laundering, in connection with the collapse of his once-dominant exchange. Earlier this wee...
FTX and debtors reach liquidation agreement
On Jan. 6, FTX, the bankrupt cryptocurrency exchange, and its affiliated debtors revealed details of their cooperation deal to streamline the liquidation of the exchange’s subsidiary in the Bahamas. F...
SBF Trial Would See Ex-FTX Legal Boss Stand as Government Witness
FTX’s former regulatory chief, who has not been charged with a crime, unlike his colleagues, reportedly cooperated with US prosecutors in their investigation of the fallen crypto exchange. Danie...
Solana Daily Active Wallets Now 3x The Size Seen Before The FTX Collapse
– Advertisement – The surge in daily active wallets comes despite the over 50% price decline the asset suffered in the wake of the FTX saga. The daily active wallets on all major protocols...
Top Layer-1 Protocol’s Avalanche And Polygon Survive FTX Tidal Wave, Orbeon Protocol See Price Surge 805%
The downfall of FTX, one of the leading cryptocurrency exchanges in the world, created a domino effect that left almost every cryptocurrency in the red zone. The FTX tidal wave also came at a time wh...
Genesis Cuts Staff by 30% as Financial Woes From FTX Fallout Persist
Genesis Trading today announced massive cuts to its workforce in an effort to reduce costs at the ailing institutional crypto firm. The company did not provide precise numbers, but sources close to t...
FTX debtors and Bahamas liquidators settle on asset recovery strategy
The two halves of FTX — its debtors in the U.S. and its liquidators in the Bahamas — have agreed on an asset recovery plan according to a Jan. 6 press release. John J. Ray III, FTX’s CEO and Chief R...
SBF Files to Protect His Robinhood Shares from FTX Debtors
The lawyers of disgraced FTX co-founder Sam Bankman-Fried have filed an objection to protect their client’s Robinhood shares from FTX bankruptcy estate. Sam Bankman-Fried’s lawyers argued his Robinhoo...
Latest Headache for FTX Creditors: DOJ Seizes Robinhood Stock Tied to SBF
A three-way fight between the FTX’s bankruptcy saga’s most influential players has been put on hold. US prosecutors on Wednesday moved to take custody of roughly 56 million Robinhood shar...
FTX fraud victims invited to come forward by US officials
The U.S. Attorney’s Office for the Southern District of New York invited victims of the FTX collapse to come forward on a website that went live earlier today. An email address through whi...
Sam Bankman-Fried Might Lose Robinhood Assets To FTX Debtors
In the latest update, Sam Bankman-Fried (SBF), former CEO of a bankrupt crypto exchange FTX, requests the court to block debtors’ access to his Robinhood shares. A report announced by US prosecutors r...
SBF Seeks To Block FTX Debtors From Taking Robinhood Shares
Founder of defunct crypto exchange FTX, Sam Bankman-Fried has filed a motion seeking to block FTX debtors from taking control of his 56 million Robinhood shares. Earlier, US prosecutors announced to s...
FTX debtors, Bahamas liquidators agree to cooperate
The legal teams helming troubled crypto exchange FTX’s bankruptcy cases in the United States and the Bahamas reached a mutual cooperation agreement, appearing to end, for now, the disagreements betwee...
Fed: FTX Collapse Didn’t Pose Broader Market Risk to Financial System
FTX’s collapse did not pose a risk to financial markets outside of crypto, the Federal Reserve said at its most recent policy setting meeting in December. In minutes from its 2022 Federal Open M...
U.S Prosecutors Probe Former FTX Engineer Nishad Singh; a Huge Blow To SBF?
United States federal prosecutors in Manhattan are closing in on SBF’s inner circle with the latest being Nishad Singh, a high-profile FTX director of engineering. If found guilty, Singh could be char...