According to recent reports, the Singapore-based cryptocurrency trading firm Amber Group has raised $300 million to tackle the disgrace of the fallen crypto exchange FTX. Funds raised for clients suff...
Tag: FTX
FTX looking to sell several subsidiaries, including FTX Japan and LedgerX
FTX to sell multiple subsidiaries in a bidding war. This move would help ease the firm’s debts. Bankrupt exchange FTX is seeking the sale of several of its subsidiaries amid its bankruptcy proceedings...
Jefferies sees recovery rate of up to 40% for FTX creditors: Exclusive
New York-based investment bank Jefferies Financial Group estimates FTX creditors could get as much as 40% of their money. However, that recovery rate would likely be lower once bankruptcy administrato...
Class Action Lawsuit Filed Against Silvergate Bank Over FTX Fiasco
Exchange News The lawsuit accuses Silvergate of playing a part in the collapse of FTX. Joewy Gonzalez filed the action on behalf of himself and others in a similar position. In the Southern District C...
FTX Selling Solvent Businesses Amid Bankruptcy Proceedings
A month after the exchange’s new CEO disclosed company restructuring plans, FTX Trading and its affiliated debtors will put LedgerX and its European and Japanese digital assets subsidiaries up for auc...
Amber Group raises $300M to recover from FTX contagion
Amber has completed a new $300 million Series C funding round, led by blockchain-focused venture capital company Fenbushi Capital US, the firm announced on Twitter on Dec. 15. The new funding round co...
FTX Wants to Sell LedgerX, Japan and Europe Platforms — Fast
As FTX enters its second month of bankruptcy, its new stewards are eager to sell four affiliated businesses — including its Japanese and European subsidiaries. In a Thursday petition filed in Delaware...
Reports Suggest Caroline Ellison Is Working With Feds and Snitching on FTX Co-Founder Bankman-Fried – Bitcoin News
Following the arrest of the former FTX boss Sam Bankman-Fried (SBF), spectators continue to wonder where ex-Alameda Research CEO Caroline Ellison is, and whether or not she turned on SBF. A few report...
Silvergate faces class-action lawsuit over FTX and Alameda dealings
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled cr...
Breaking: Are US Bank Freezing FTX Linked Bank Accounts?
FTX News: Since the Bahamian authority arrested Sam Bankman-Fried (SBF), former CEO of the collapsed Crypto exchange FTX, regulators and other institutions are gearing up to pull more charges on him. ...
US DoJ names Genesis in FTX creditors committee
Crypto lending platform Genesis, along with popular crypto market maker Wintermute and others, will form the FTX creditors committee. Genesis and other FTX victims form the bankruptcy committee A cour...
Prominent Entrepreneur Kevin O’Leary Criticizes Binance Over FTX Fall
As a result of the exchange’s demise, the crypto market as a whole was devastated. SBF, former CEO and founder of FTX, was detained in The Bahamas recently. Kevin O’Leary, a Canadian entrepreneur and ...
Curve Finance has been one of the benefactors of FTX collapse, here’s how
Curve has alluded to plans to integrate with zkSync 2.0 mainnet. The integration could help Curve and CRV scale as CRV price has been in a decline. Curve to launch on zkSync As more users turned to De...
FTX Crash Has Sports Leagues, Teams, And Athletes Running Scared
The entire sports world has been turned on its head following the arrest of FTX CEO Sam Bankman-Fried Monday. Before the scandal, FTX had sponsorship deals with sports leagues, teams, arenas, celebrit...
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings. According to court documents filed Dec. 15, U.S. Trustee And...
What Did New FTX CEO John Ray Tell Lawmakers?
New FTX CEO John Ray III called FTX collapse an “old-fashioned embezzlement,” at the hearing. The crypto exchange’s truth is coming out via investigations. What did the new CEO disclose? The new CEO ...
FTX co-CEO blew whistle on exchange; Trump launches NFT collection
The biggest news in the cryptoverse for Dec. 15 includes the FTX co-CEO Ryan Salame being revealed as the whistleblower, Donald Trump’s NFT collection, and research on long-term Bitcoin holders still ...
The Madoff Playbook: How FTX Creditors Could Get Their Money Back
As there is much to be unraveled about the crash of FTX, a pressing question for the crypto exchange’s creditors remains how and when they could get back lost funds. Some have compared FTX founder Sam...
O’Leary accuses Binance of the collapse of FTX
Canadian anchorman and entrepreneur Kevin O’Leary, in the presence of the Senate Committee on Banking, Housing and Urban Affairs, accused the world’s largest exchange, Binance, of being instrumental i...
Guggenheim’s Minerd Warns Of Crypto Fallouts After FTX Collapse
In wake of the collapse of FTX, the cryptocurrency exchange, and the seeming meltdown of cryptocurrencies overall, the Chief Investment Officer of Guggenheim Partners, Scott Minerd, is issuing a warni...
Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before the Bankruptcy Filing – Bitcoin News
According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian a...
“A Deliberate Move” — Shark Tank Star Kevin O’Leary Blames Binance For FTX Collapse ⋆ ZyCrypto
Advertisement     Kevin O’Leary has roped Binance into the infamous FTX scandal, claiming that the exchange deliberately caused the collapse. He also called for incre...
Wintermute, Venture Cap Octopus Given Seats on Key FTX Creditor Committee
The committee, responsible for representing those who are hoping to be repaid at the conclusion of bankruptcy proceedings – specifically the unsecured creditors who have no claim on FTX collateral – w...
Crypto trading firm QCP Capital has at least $97 million stuck on FTX: Sources
QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month. In an effort to recoup some cash, QCP is a...
New study reveals countries most interested in PoR after the FTX collapse
Singapore, Nigeria and Hong Kong are among the countries most interested in proof-of-reserves following the FTX collapse, according to Coingecko. Singapore, Nigeria and Hong Kong lead the PoR interest...
Committee to represent creditors formed in FTX bankruptcy case
A committee to represent unsecured creditors and serve as the voice for most FTX customers in court was established in the U.S. bankruptcy case of FTX and its affiliated companies. The formation...
Orbeon Protocol (ORBN) Explodes During Pre-Sale While FTX Token (…
Seldom do we hear that a new crypto project has been able to make a big impact in the market. However, Orbeon Protocol (ORBN) is one of the rare projects that has stormed crypto enthusiasts and market...