2 hours ago | 2 mins read Exchange News The firm declared bankruptcy since it did not have sufficient reserves of client funds. Sirer said he is kept up by the prospect of how far SBF pushed the indus...
Tag: FTX
FTX Japan Loses Thousands of Users After Resuming Withdrawals
Following the resumption of withdrawals on February 21st, the Japanese unit of the defunct cryptocurrency company FTX has stated that thousands of customers have transferred their business elsewhere. ...
FTX Japan allows total withdrawal of funds — users rejoice the ‘escape’
While FTX customers worldwide patiently await a conclusion to the FTX and Sam Bankman-Fried (SBF) litigation, users of FTX Japan have started withdrawing all of their funds. On Nov. 7, 2022, crypto ex...
Former FTX CEO faces 12 criminal charges
The federal court who is presiding over the prosecution of the former chief executive officer of FTX, Sam Bankman-Fried, has given the order for a superseding indictment to be disclosed. This indictme...
Gary Gensler on FTX Fallout and Deceptive Crypto Market
The question of what constitutes security according to US securities laws remains a very volatile issue in the crypto ecosystem today. When the FTX Derivatives Exchange imploded by filing for bankrupt...
House Committee Requests Information on Gary Gensler’s Interaction with Sam Bankman-Fried And FTX ⋆ ZyCrypto
Advertisement     As the probe into the FTX saga rages on, a group of US congressmen now want the U.S. Securities and Exchange Commission to shed more light on its inv...
FTX Japan reports $50M in withdrawals since Feb. 21
Bankrupt crypto firm FTX’s subsidiary in Japan has reported that thousands of users have moved from the exchange since it resumed withdrawals on Feb. 21. In a Feb. 22 announcement, FTX Japan said user...
FTX co-founder SBF hit with new charges for political donations
On Feb. 23, disgraced FTX co-founder Sam Bankman-Fried was hit with new criminal charges in the U.S. New revelations from the trial of disgraced FTX founder Sam Bankman-Fried (SBF) have come to light ...
Brits Seek Help From Police in Retrieving £2M from FTX
A freedom of information request shows that UK investors approached British police to help retrieve £2m in lost FTX funds, But the FCA can not do much to help. Information obtained by British paper Ci...
Bitcoin Correlation With The S&P 500 Falls To FTX Collapse Levels, But Why?
Bitcoin over the years has shown an increasingly strong positive correlation with the S&P 500 and other major US stock market indexes. When the correlation weakens and turns negative, price movem...
FTX Founder Faces 4 New Charges Threatening His Freedom
The U.S. Southern District Court of New York unsealed an indictment related to the case against the founder of crypto exchange FTX, Sam Bankman Fried (SBF). The document revealed four new charges pres...
Sam Bankman-Fried Slapped With 4 New Criminal Charges After FTX Fallout
Disgraced FTX founder Sam Bankman-Fried (SBF) is under yet another layer of legal pressure after a judge unsealed a superseding 12-count indictment against him on Thursday. The filing adds 4 new char...
Sequoia Capital, ‘Inspector Gadget’ creator hit by FTX class-action lawsuit
Sequoia Capital, the creator of “Inspector Gadget,” Signature Bank and others linked to defunct crypto exchange FTX were slapped with a class action lawsuit this week, which alleges the defendants kne...
Voyager, FTX reach agreement on $445M loan
Bankrupt crypto lender Voyager Digital agreed with FTX and its unsecured credits to hold the disputed $445 million loan payment pending a settlement or court order, according to a Feb. 22 court filing...
Coinbase Reports Revenue Increase in Q4 Despite FTX Collapse
Cryptocurrency exchange Coinbase reported revenue increased slightly from the previous quarter, capping off a year that saw the exchange’s business model stymied by depressed digital asset prices. Com...
FTX Founder Sam Bankman-Fried Faces 12 New Charges
In Manhattan federal court, a new superseding indictment against Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was unsealed on Thursday, February 23. The indictment contains 12 ch...
FTX Japan Becomes First in Group To Resume Withdrawals
FTX Japan, the Japanese arm of Sam Bankman-Fried’s defunct crypto empire, is the first affiliate to allow customers to withdraw funds, some three months after it suspended service. Withdrawals were ex...
FTX Files Suit Against Voyager Digital For Nearly $500 Million
FTX – the now defunct crypto exchange that was previously run by founder and head executive Sam Bankman-Fried – is suing former crypto lending platform Voyager Digital for nearly $500 million. FTX and...
Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case – Bitcoin News
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business ...
XRP Withdrawals at FTX Japan Restored, Here’s What’s Happened
Gamza Khanzadaev Bitcoin (BTC) and XRP had withdrawal problems with FTX Japan, but this has now been resolved The Japanese branch of the infamous FTX exchange announced that it has resolved problems w...
CoinShares ‘Unsure’ It Can Recover Any of $31M FTX Exposure
European cryptoasset manager CoinShares reported a 29% drop in fourth quarter combined income from the third quarter of 2022, the company said in its earnings report Tuesday. CoinShares brought ...
FOI reveals 32 UK crypto traders lost over $2M to FTX
Crypto traders in the UK have turned to the police for help after losing nearly $2.3 million following the collapse of Sam Bankman-Fried’s (SBF) FTX empire. As reported by CityAM, a freedom of informa...
FTX Japan To Allow Withdrawals
Join Our Telegram channel to stay up to date on breaking news coverage The Japanese subsidiary of the bankrupt crypto exchange FTX has revealed its plan to resume fiat currency and crypto assets withd...
CoinShare’s Income Plummets Heavily Due To FTX Aftermath
The ongoing market turmoil caused by the FTX and Terra collapse has led many crypto companies to close up shop. CoinShares, Europe’s largest investment and trading platform, is among the companies suf...
FTX Collapse Was A Boom For Other Exchanges, Research Shows
Join Our Telegram channel to stay up to date on breaking news coverage The collapse of the giant cryptocurrency exchange FTX has been good for industry competitors, as trading on major exchanges boome...
Congress Needs To Act On Crypto But The Senate Is Way Behind
Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain … [+] connection, Technology and financial investment background concept. getty On February 8th, the Hou...
Federal Judge Hints Former FTX CEO Bail Reversal Amid Discussions On Bail Terms
Join Our Telegram channel to stay up to date on breaking news coverage What – Following recent reports, the court will revoke Sam Bankman-Fried’s bail over several misconducts. Why – SBF has been unde...
CoinShares’ Sees Income Drop by 97% in Fallout from FTX
CoinShares, Europe’s biggest digital asset trading and investment group, has blamed FTX for a collapse in its income. The group published in fourth quarter report on Tuesday which revealed that the fu...
Hedge Funds Battle to Survive After FTX Exchange Collapse
Some hedge funds were able to weather the storm and remain solvent despite being adversely affected by the failure of the FTX exchange, while others were forced to make the decision to liquidate their...
CoinShares’ Earnings Take Severe Hit Due to FTX Collapse: Q4 Report
Despite the market turbulence brought about by collapses and scams, Coinshares’ Chief Executive Officer Jean-Marie Mognetti asserted that the group’s “financial health remained solid.” Its earnings di...
CoinShares remains afloat despite heavy FTX losses: Q4 report
While other hedge funds decided to close operations after being hit by the FTX debacle, some managed to survive and stay afloat after navigating the challenges brought about by the collapse of the exc...