North Dimension, a company to which FTX directed customers to wire money, is reportedly a mysterious, fake electronics retail entity used as a proxy for funding Alameda Research. North Dimension puzzl...
Tag: FTX
DOJ Investigating $372,000,000 That Disappeared From FTX Shortly After Bankruptcy: Report
The U.S. Department of Justice (DOJ) is reportedly investigating a $372 million hack on the bankrupt crypto exchange FTX. Bloomberg Law, citing an anonymous “person familiar with the case,” reports th...
US Probes How $372 Million Vanished in Hack After FTX Bankruptcy
(Bloomberg) — Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last mo...
FTX Users File Lawsuit Against Defunct Exchange. Will They Get Their Money Back?
The latest development in the drama of FTX is that on December 27, users of the defunct exchange filed a class action lawsuit against the firm and its former senior executives, including Sam Bankman-F...
FTX Customers File Class Action Against Defunct Exchange, Top Execs: Report
FTX and some of its former top leadership including have been slapped with a class action lawsuit by customers on December 28, according to the latest Reuters report. The customers have sought a decla...
FTX Class Action Suit; Customers Want Priority in Claiming Funds
Users of the defunct FTX cryptocurrency exchange have launched a class action lawsuit against the business and its founder Sam Bankman-Fried (SBF). They seek the return of their crypto that was on the...
Bitcoin plunged 65% in 2022 as Terra, FTX went up in flames
In case you missed it: Crypto prices plunged this year thanks to industry gaffes and the wider — and very damaging — macroeconomic environment. The global crypto market capitalization plunged to...
SBF wants ‘Big Short’ FTX movie, Peter Schiff already calls it fiction
Members of the crypto community published their sentiments on social media in response to the former FTX CEO Sam Bankman-Fried’s reportedly meeting with Michael Lewis, the writer of the popular tradin...
FTX customers file class-action lawsuit to get priority reparations
While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by fou...
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse – Regulation Bitcoin News
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX whi...
US to investigate $372 million stolen in FTX exploit post bankruptcy
Hours after defunct crypto exchange FTX and hedge fund Alameda Research filed for bankruptcy on Nov. 11, large amounts of funds were moved out of the exchange. Both firms were owned by Sam Bankmand-Fr...
FTX ex-CEO Sam Bankman-Fried’s criminal case assigned to Bill Clinton-appointed judge, Lewis Kaplan
US District Judge Lewis Kaplan from Manhattan has been assigned to hear the criminal case against FTX co-founder Sam Bankman-Fried (SBF) following the recusal of the previous judge Ronnie Abrams. 🚨 Sa...
US Department of Justice probing $372M FTX exploit: Report
According to a Dec. 27 Bloomberg report, the United States Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-def...
US DOJ starts probing $400M FTX hack
The US Department of Justice has launched an investigation into a major FTX hack during the exchange’s final days of operation. FTX reported a $400 million loss, but the prosecutors think there may be...
Former FTX CEO Has Deep Ties With Current And Former US Regulators
Ever since the FTX bankruptcy case, new facts about the erstwhile second-largest cryptocurrency exchange emerge almost every day. Recently, an email reportedly revealed that the former FTX CEO Sam Ban...
The United States is investigating the $370m FTX hack: Report
According to a story published by the media outlet Bloomberg, federal authorities are investigating an alleged act of cybercrime that resulted in the theft of more than $370 million from the cryptocur...
US DOJ Probes the $400M FTX Hack (Report)
The United States Department of Justice has reportedly launched a criminal probe into the hack that saw almost $400 million drained from FTX. According to a report by Bloomberg, which cites people fam...
Squeeze of Legal Prosecutions on FTX Bring former Associates in Same Ring
Legal troubles spiraled after crypto exchange FTX went bankrupt, leading two former close mates to stand in front of each other. Sinked in a Blink According to CNN, 28 year-old Ellison, former CEO o...
Sam Bankman-Fried criminal case assigned to new judge: Reuters
The criminal case against former FTX CEO Sam Bankman-Fried was reassigned to U.S. Judge Lewis Kaplan after U.S. District Judge Ronnie Abrams recused herself on Friday, Reuters reported, citing a court...
DeFi trader Mercurial rebrands to distance itself from FTX collapse
Stablecoin DEX Mercurial is rebranding to Meteora in an attempt to distance itself from FTX. Mercurial, which provides liquidity for major stable and pegged assets on Solana, said it will repla...
Q&A: A Conversation With Solana Founders Raj and Anatoly
Once dubbed an “Ethereum killer” for its low costs and fast transaction speeds, the Solana blockchain has been hit particularly hard by the collapse of centralized exchange FTX and its sister company ...
The news on the collapse of the FTX crypto exchange
The matter is still unresolved, despite various rumors the events surrounding the collapse of the powerful crypto exchange FTX continue. The situation is now at a very delicate point, although it seem...
Sam Bankman-Fried’s FTX tenure involved former and current US financial regulators
Sam Bankman-Fried reportedly collaborated with several former and current officials in top US agencies to oversee the fallen ramp’s operations. Seemingly, his ultimate goal was to introduce concise re...
Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse
After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. The Securities and Exchanges Commission (SEC) in the Phili...
Crypto OTC trading to get traction due to FTX fiasco, exec says
Before the rise of centralized exchanges (CEXs), over-the-counter (OTC) trading was the go-to method to buy or sell cryptocurrency for many crypto investors. The FTX collapse could trigger a bigger de...
Solana plunging as scrutiny over FTX relations grows
Although Solana’s price has dropped steadily for eight months with few instances of recovery, the allegations of bad management and its exposure to fallen exchange FTX continue to plague the its survi...
FTX ambassadors and promoters face class action lawsuit
The class action lawsuit filed last month against a host of FTX promoters for the now-extinct crypto exchange has been amended. Financial watchdogs are seeking billions of dollars from the exchange’s ...
Mark Cuban’s take on FTX, why he backs BTC and hopes its price drops further
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, considers Bitcoin as a good investment Cuban doesn’t consider the FTX debacle as a crypto failure, but rather a case of corr...
John Ray III: FTX Is the Most Mismanaged Company I’ve Ever Seen
John Ray III is an attorney that’s been in the news a lot, lately. He’s the man who cleaned up the Enron mess close to 20 years ago, and now he’s been called in to fix the problems surrounding failed ...
Caroline Ellison, Bankman-Fried’s Girlfriend, Admits They Conspired To Defraud FTX Customers
According to court documents filed on Friday, Caroline Ellison, a longtime confidante of FTX’s former CEO Sam Bankman-Fried, has revealed that she and Bankman-Fried conspired to defraud the exchange’s...