A subsidiary of bankrupt crypto exchange FTX is set to start returning digital assets to users in full as soon as next year. According to a new blog post by FTX Japan, the crypto firm says it will gra...
Tag: FTX
Robinhood shares claimed by BlockFi and FTX may move to a neutral broker
The highly disputed Robinhood shares claimed by both BlockFi and FTX might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner. Digital asset lender ...
The FTX Controversy Continues: Alameda Dumps $1.7M Crypto Assets For Bitcoin
On December 28, a significant amount of tokens owned by SBF’s trading business Alameda Research were sold on the open market. Cryptocurrency research company Arkham Intelligence reported that approxim...
The FTX collapse is likely the bottom for the crypto market, if this one thing happens
When investors put money on an exchange, they shouldn’t have to worry if it’ll vanish tomorrow. Their only worry should be the price of their Bitcoin, Ethereum or other cryptocurrency investments. As ...
FTX Japan Reveals Plans to Return Customer Funds
– Advertisement – The platform plans to enable customer withdrawals through Liquid Japan, an affiliate exchange. FTX Japan, the Japanese subsidiary of embattled crypto exchange FTX, has an...
Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar
Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported. Mt. Gox serves ...
US Department of Justice Investigating Massive FTX Hack: Report
The United States Department of Justice is investigating the hundreds of millions of dollars’ worth of cryptocurrency taken in unauthorized transactions from collapsed exchange FTX, according to a rep...
Crypto Markets 2023 Will Be ‘About Differentiate Or Die’ For Investors
A sign that reads Bitcoin is going to the moon is seen in the exhibition hall during the Bitcoin … [+] 2022 Conference at Miami Beach Convention Center on April 8, 2022. Bitcoin looked okay then...
Links between FTX and the price of the Solana crypto
The link between the price of Solana (SOL) and the former crypto exchange platform FTX was dictated greatly by the large investments made by Sam Bankman Fried during the bullish 2020/2021 market. Aft...
Sam Bankman-Fried to plead guilty in FTX fraud case
Sam Bankman-Fried, the once-lauded CEO of cryptocurrency exchange FTX, is expected to plead guilty next week to a slew of criminal charges. According to court documents, Bankman-Fried stands accused o...
SBF’s Plea in FTX Fraud Case to Happen Next Week: Report
Former FTX CEO Sam Bankman-Fried, otherwise known as SBF, will enter a plea on January 3, 2023, regarding the criminal charges filed against him in the aftermath of the FTX collapse. The latest develo...
Sam Bankman-Fried To Enter Plea Next Week In FTX Fraud Case
Disgraced crypto tycoon Sam Bankman-Fried is likely to enter a plea next week to the criminal allegations of misleading investors and plundering billions of dollars in customer deposits at his now-ban...
FTX Lawsuit Says Burned Users ‘Should Not Have to Stand in Line’ With Other Creditors
A consortium of FTX customers has filed a class action lawsuit against the failed exchange, seeking confirmation that the company’s crypto holdings belong to customers. The filing said that “customer ...
What to expect from crypto the year after FTX
Cryptocurrency had its Lehman moment with FTX — or, perhaps, another Lehman moment. The macroeconomic downturn has not spared crypto, and as November rolled around, nobody knew that we were in for the...
FTX founder Sam Bankman-Fried likely to enter plea deal: report
Sam Bankman-Fried is expected to enter a plea deal next week to fraud charges connected to the collapse of the Bahamas-based cryptocurrency exchange he founded, FTX.com, Reuters reported early Thursda...
The FTX Contagion Goes on: Midas Investments Closes Down
The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco. CEO Iakov Levin said the organization will aim ...
FTX used $200 million of customer funds for two venture investments
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022. Ed Jones | AFP | Getty Images Of the billions of dollars in customer deposits that disappeared fro...
MLB Will Drop FTX Patches For Umpires In 2023, But Partnership Dilemma Remains
The FTX logo on umpire uniforms will stop in 2023 as the cryptocurrency exchange company is mired in … [+] scandal. But MLB fully extracting themselves from a large sponsorship deal is a thornie...
FTX and Celsius contagions force Midas Investments shut down
Midas Investments announced the closure of its DeFi solution as the FTX and Celsius contagions and other devastating events so far in 2022 made it impossible to continue normal operations. Midas Inves...
What Would Crypto Look Like Without Centralized Exchanges Like FTX?
Whether the politicians currently talking tough about the latest crypto crisis agree or not on the matter, crypto isn’t dead (yet). Or at least the crypto that exists outside of a particular three-let...
FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case – Bitcoin News
According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to ent...
FTX Bankruptcy Sees Midas Investments Announce Closure
On Tuesday, Midas Investments announced its sudden closure in a blog by its CEO Iakov “Trevor” Levin. As a result of significant losses in 2022, the platform that focused on DeFi yields is closing its...
California-based user got $120,000 stuck in FTX: Hasn’t Lost Faith, Still.
California-based software engineer had his $120,000 stuck in FTX, 25% of his resources. Nauman had 5 BTC, some Avalanche adding to said amount as per November prices. He now plans to invest in real ...
FTX Co-Founders Plead Guilty And More
A plea deal comes to the rescue of disgraced former CEO of Alameda Research, Caroline Ellison. In exchange for pleading guilty to federal fraud charges, Ellison will be granted leniency in her own cas...
FTX ex-CEO Sam Bankman-Fried likely to enter a plea on January 3, 2022
Sam Bankman-Fried is expected to enter a plea on January 3, 2022, to criminal charges, including conspiracy to commit money laundering and conspiracy to commit fraud on customers and lenders. The tri...
FTX Sam Bankman Fried Will Enter Plea Over Fraud Case
Per a Reuters report, the founder and former CEO of FTX, Sam Bankman Fried (SBF), reached a deal with U.S. authorities. Following his extradition from the Bahamas, SBF was granted bail and allowed to ...
Scammers impersonate US State Department, claiming to help affected FTX users
With the FTX collapse leaving many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of already injured victims by posing as government officials. In a...
FTX Customers File Class Action to Claim Assets Within Bankruptcy Case – Bitcoin News
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, see...
FTX customers file class action suit to have their payments prioritized
Four FTX customers filed a class action lawsuit demanding priority in repayment, citing $2 billion in customer funds which have gone missing. The suit was filed in the U.S. Bankruptcy Court for ...