A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing an...
Tag: FTX
The project that doomed FTX a year before Terra Luna
The turmoil that hit digital assets markets last year plunged several prominent exchanges and hedge funds into bankruptcy. Among the most high-profile was the collapse of the gargantuan, once-$29 bill...
Former FTX Executive Generated Millions for His Charity Via FTT Insider Trading: Report
Ruairi Donnelly, former chief of staff at bankrupt crypto exchange FTX, used insider trading information of FTX tokens (FTT) to enrich his charitable foundation, Polaris Ventures. A majority of Polari...
Kevin O’Leary Says He’s Not Worried About Blowback From FTX
Kevin O’Leary says he’s not worried about the blowback from FTX’s collapse. Mr. Wonderful was responding to a Twitter user who claimed that the FTX debacle put him in the hot seat. The shark tank host...
How FTX Roped African Students Into Trading On Its Platform
African victims are speaking up about FTX after a variety of promotional schemes lured them into putting their money into the now-defunct industry giant. One such deal was an ambassador program promi...
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude – Bitcoin News
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until h...
Crypto Ads Nowhere To Be Seen At The 2023 Super Bowl
Kansas City Chiefs players and coaches celebrate after winning the NFL Super Bowl 57 football game … [+] against the Philadelphia Eagles on Sunday, Feb. 12, 2023, in Glendale, Ariz. (AP Photo/Ve...
Court approves sale of certain FTX investments, tokens and equity shares
FTX has received court approval to sell certain investment assets and subsidiaries. Collectively, via various subsidiaries, FTX and Alameda spent around $5.3 billion across 473 investments, acco...
Congress Republicans Probe Into SEC Over FTX Fall ⋆ ZyCrypto
Advertisement     The Republican arm of the US Congress recently opened investigations into the role of the Securities and Exchange Commission (SEC) following FTX’s fa...
Kraken’s staking down, FTX post-bankruptcy hell, Binance news…
Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking services or programs to United States clients after ...
SEC Chair Gary Gensler Called Out by House Representatives Over FTX
The chairman of the Securities and Exchange Commission, Gary Gensler, has been criticized by two members of the United States House Financial Services Committee “regarding the timing of the char...
crypto community supports Turkey and Syria, SEC goes after Kraken, FTX desperate for funds
The past week in crypto saw various charitable acts, regulatory developments, and market fluctuations. The cryptocurrency community demonstrated its philanthropic spirit by participating in several ef...
Republican Congressmen Call Out SEC’s Gensler in FTX Records Request
Two Republican congressmen are the latest US politicians to join a growing chorus of those urging the SEC to share details around its correspondence with FTX founder Sam Bankman-Fried and the Justice ...
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest – Bitcoin News
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (S...
FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas
The joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — have released a report on the company’s physical assets in the island nation. According to an affidavi...
FTX clawbacks, Genesis silver lining?
Remember when Sam Bankman-Fried admitted to being a significant donor to the Democratic and Republican parties? Well, the recipients of the tainted money have been formally requested to return the fun...
New FTX CEO John Ray III Says Exchange Could Be Up and Running Again Soon
FTX may restart. That’s the crazy news for today, that one of the biggest crypto debacles could eventually turn itself around. The news has been greeted with positivity given that FTT – the native tok...
US Congress asks SEC to release details on interactions between FTX, its founder, and DoJ
Representatives McHenry and Huizenga of the US House Financial Services Committee have voiced their concerns about the cooperation between the United States Securities and Exchange Commission (SEC)and...
The Weekend Shift: FTX, Digital Pound, Politics
Welcome to the 105th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write a...
Former FTX CEO Sam Bankman-Fried Restricted from Using encrypted messaging apps
It has been reported that a federal court has ruled against oral arguments asking that a former CEO of FTX, Sam Bankman-Fried, be permitted to use some chat applications. As a condition of his release...
U.S. Parliament Summons SEC Chair Over Role in FTX Investigation
The U.S. Parliament has requested communication details from the SEC over the investigation of SBF. The SEC chair was given until 5pm, February 24 to provide requested information. GOP’s aims at provi...
U.S. House Committee Doubts Timing Of SEC FTX Probe
SEC FTX Probe: In a new development around the US SEC’s probe on FTX collapse, the U.S. House Committee on Financial Services Republicans raised serious concerns about the way the matter was handled. ...
Congressmen Launch Probe Into SEC Handling of FTX, Sam Bankman-Fried
Members of the United States House of Representatives are looking for answers regarding how the U.S. Securities and Exchange Commission (SEC) investigated the collapse of the crypto exchange FTX. On F...
Concerns Raised About SEC’s FTX Probe, What Next ?
The collapse of FTX exchange had shaken the whole crypto space which bought the entire crypto market on a bearish ride. However, the investigation over the FTX and its founder Sam Bankman-Fried is sti...
U.S. Judge Extended The Bail Restrictions on FTX Founder
In the recent court hearing, the U.S. judge extended bail restrictions on Sam Bankman-Fried. FTX founder is currently facing fraud charges over the collapse of his now-bankrupt crypto exchange, FTX. A...
In the wake of FTX and the market decline, crypto brands reposition themselves
Join Our Telegram channel to stay up to date on breaking news coverage Approximately a year ago, a few crypto industry heavyweights made sassy debuts on the Super Bowl ad lineup, airing pricey ads wit...
Alameda Research’s FTX Tokens worth millions transferred
On February 7, wallets associated with the defunct Alameda Research company started sending and receiving FTX Tokens, totaling millions of dollars’ value (FTT). The activity in the Alameda walle...
FTX liquidators play ‘Storage Wars’ in hunt for saleable assets
Bound to hit the market soon are a half a million dollars worth of office furniture and equipment and 13 storage units in the Bahamas full of FTX’s “physical goods.” Although t...
FTX crisis shook bitcoin prices the most, Messari data shows
According to Messari, the failure of FTX and other related events had a far more significant impact on the price of bitcoin (BTC) during Q4 than macroeconomic factors such as rate rises. On top of th...
FTX Hack Resulted in a Lot More Money Being Stolen
The panic surrounding FTX just got a lot bigger. As if the company doesn’t have enough problems to deal with, it is alleged that as much as $415 million in crypto funds were stolen from the exchange i...
Australian political parties received donations from FTX
Sam Bankman-Fried (SBF) and other FTX executives were major US political donors. But they were also active internationally, with one related Australian entity making $27,540 in donations in the 2021-2...