An FTX user is suing NBA team Golden State Warriors, accusing them of fraudulently promoting the FTX exchange after losing $750,000 due to the platform’s collapse. The plaintiff Elliot Lam, filed a cl...
Tag: FTX
FTX During Bankruptcy Hearing: Substantial Assets Stolen/Missing
FTX Bankruptcy Hearing News: The attorney representing FTX said during the bankruptcy hearing that a substantial amount of assets were stolen or missing. Attorney Bromley also said that unfortunately ...
FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should ...
Justin Sun and Brad Garlinghouse Eye FTX Assets
Tron CEO Justin Sun adds his voice to the growing chorus of crypto bosses eyeing FTX’s assets after the exchange filed for bankruptcy in Nov. 2022. Speaking with reporters, Sun confirmed that several ...
The FTX Hack Puzzle Is Being Solved Online, Is The MasterMind Sam Bankman-Fried ?
Investigators from all over the world are still perplexed by the FTX heist that took place just hours before Sam Bankman-Fried voluntarily filed for Chapter 11 bankruptcy. However, FTX users have not ...
After Ripple’s Brad Garlinghouse, Tron’s Justin Sun Hints at Purchasing FTX Assets
According to a Nov. 22 article in The Wall Street Journal, Justin Sun, the founder of Tron (TRX), expressed his interest in purchasing FTX assets to journalists in Singapore. The cryptocurrency pionee...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry – Featured Bitcoin News
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly cle...
Bitcoin miners continue to sell as realized loss from FTX exceeds LUNA collapse
The biggest news in the cryptoverse for Nov. 22 includes the increasing rate of miner sellouts, realized Bitcoin loss from FTX fallout surpassing the losses caused by the Terra collapse, and Digital C...
Silvergate, Provident Bancorp, and Signature Suffer FTX Effect
Several major traditional banks with varying degrees of crypto exposure now find themselves unsure of their next move in the wake of the FTX collapse. Most banks are suffering a reduction in deposits ...
Justin Sun Evaluating Potential Purchase of FTX Assets
Justin Sun, a prominent supporter of cryptocurrencies, recently stated that his partners were investigating the possibility of purchasing assets from Sam Bankman-Fried’s defunct FTX enterprise. “We ar...
FTX Holds $1.24B In Cash, While Justin Sun Shows Interest in Exchange Assets
– Advertisement – FTX and its associates have about $1.24 billion in cash balances. According to a recent court filing seen and published by CNBC, failed cryptocurrency exchange FTX has a ...
CME’s Terry Duffy says he saw trouble before FTX collapse
A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the da...
Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter
FTX founder and former CEO Sam Bankman-Fried “froze up in the face of pressure” as his company collapsed, he wrote in a new letter sent to employees of the company he once helmed. In the l...
Did FTX use customer funds to buy properties across the Bahamas?
According to multiple reports, FTX and its executives went on a real-estate buying spree across the Bahamas in the last two years. The company and its associated stakeholders apparently purchased over...
The FTX Crash Is The Primary Reason For Rethinking Its Bitcoin Offerings
The United States Senate is under pressure to draft a regulatory bill on cryptocurrency. They noted that currently the crypto industry doesn’t have any proper rules or regulations on crypto asse...
Bahamas Court Orders FTX To Pay Remuneration Fees to Regulators
50 mins ago | 2 mins read Exchange News On November 12th, the Supreme Court ruled that FTX’s digital assets monitored by regulator. Fifty of the exchange’s largest debtors are owed a total of $3 billi...
FTX Hacker Can be Caught Now! Here’s Who Might Reveal the Hacker’s Identity
FTX is making huge headlines in recent times as it has shaken the entire crypto space. Bitcoin & altcoins have witnessed a massive drop of an average of 10% to 15%. Moreover, when the assets were ...
BlockFi puts client loans into forbearance, email shows
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. “At this time, clients do not have the ability to post new funds to BlockFi...
On-Chain Data Shows Close Ties Between FTX and Alameda Were There From the Start: Nansen
“We could see that something’s going on, that they’re closely connected, that there are sufficient flows,” Polk said, referring to Nansen’s latest report, which takes a deeper look at what may have be...
Genesis Bankruptcy Announcement Following FTX Affecting Grayscale
FTX bankruptcy filing brought another avalanche for the crypto space that seems to be getting destructive with every sliding phase. Slowly the destruction is moving towards the next potential contende...
FTX account drainer might have an insider – crypto.news
The FTX account drainer has kept at his prowling since the leading crypto exchange collapsed three weeks ago. Users’ accounts have been steadily drained through a backdoor allegedly built into the FTX...
Justin Sun wants to reportedly buy FTX assets
Tron (TRX)founder Justin Sun revealed interest in buying FTX assets to journalists in Singapore, The Wall Street Journal reported on Nov. 22. The popular crypto founder told the Journal that his assoc...
Ethereum Blockchain Validator Income Surged Following FTX Collapse
FTX, the third biggest crypto exchange, filed for bankruptcy on 11 November 2022. How did the FTX Crash help Ethereum Blockchain Validator? FTX exchange collapsed in the second week of November and ...
FTX Accounts Hacker Is SBF?
Onchain data researcher Noah unveils some very important information related to the FTX crash. After Oxscope mentioned a suspicious address that might have a link to an FTX hacker. An on-chain data re...
FTX Implosion Will Drive Bitcoin To Print Deeper Bear Market Lows, According to New Survey of Crypto Executives
A new survey is revealing the price targets of executives in the crypto space for Bitcoin (BTC) following the high-profile implosion of FTX. In new research, Web3 consulting firm BDC interviewed 53 C-...
Sequoia Capital apologizes to investors after $150 million FTX loss: WSJ
Sequoia Capital partners apologized to investors for the $150 million it lost on investments in crypto exchange FTX, the Wall Street Journal reported. In a Tuesday call with investors, Sequoia p...
Tiger Global’s Now-Worthless FTX Bet Had Bain’s Due Diligence
(Bloomberg) — Bain & Co. was among consulting firms that helped conduct due diligence for Tiger Global Management’s investment in now-defunct crypto exchange FTX, according to people familia...
Justin Sun May Purchase Assets From FTX
Cryptocurrency entrepreneur and billionaire Justin Sun is reportedly evaluating FTX’s assets for potential purchase. As reported by the Wall Street Journal, Sun said on Tuesday that he is open to “any...
Investor Groups Allegedly Facilitated FTX Scam
Many reactions have emerged in the crypto space due to the FTX fiasco, the latest one is from the Ripple CTO, David Schwartz. The collapse of the FTX crypto exchange dealt a terrible blow to the crypt...
In the Wake of the FTX Collapse, Coinbase Shares (COIN) Fall to Another New All-Time Low
Shares in Coinbase (COIN) are plummeting to a new all-time low as the industry continues to deal with the aftermath of the collapse of FTX and its associated entities. Coinbase was already facing head...
Bahamas FTX Liquidators Agree to Transfer Bankruptcy Case to Delaware
“We had filed with your Honor a motion to transfer that case from the Southern District of New York to the district of Delaware, and we are pleased to report that we have reached an agreement wi...