Following FTX’s bankruptcy, SafePal, a distributed pocket firm supported by Binance that offers equipment, and add-on wallets, had claimed record levels of new customers. From November 11, the site ha...
Tag: FTXs
Attorneys highlight poor management at FTX’s first bankruptcy hearing
The first bankruptcy hearing for Bahamas-based FTX was held on Tuesday (22 November) in the U.S. Bankruptcy Court in Wilmington, Delaware. The exchange’s new CEO and Chief Restructuring Officer John R...
Bankruptcy filing reveals China was FTX’s largest client after island tax havens
A bankruptcy filing by the now-collapsed cryptocurrency exchange FTX revealed the platform’s global customer distribution at the peak of its operations. According to the documents, Cayman Island acco...
SEC facing rising scrutiny after FTX’s epic implosion
After the high-profile implosion of FTX, crypto skeptics and digital currency advocates have both asked the question: Could the Securities and Exchange Commission have done more? Expect to hear ...
FTX’s Collateral Dropped to $9 Billion from $60 Billion
On Tuesday, November 22, in a letter to staff, FTX founder Sam Bankman-Fried outlined a $51 billion crash in the company’s collateral which has dropped to $9 billion from $60 billion. In his letter ob...
‘Substantial amount’ of FTX’s assets stolen or missing — Bankruptcy counsel
James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyb...
Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’ – Bitcoin News
While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and rese...
A Timeline of FTX’s Collapse
The first twelve days of November were perhaps the darkest for 30-year-old Sam Bankman-Fried (SBF), as he not only lost his crypto empire but went from being a Bitcoin billionaire and crypto’s white k...
Bankman-Fried, Golden State Warriors hit by lawsuit over FTX’s alleged false advertising
A new lawsuit looks to represent FTX’s international users using California’s laws against false advertising. In a case filed in a district court in San Francisco, Canadian citizen ...
Lawmakers weigh what to do with Sam Bankman-Fried’s political cash after FTX’s collapse
FTX executives made a splash during the 2022 midterm cycle, spending millions on political donations and funding for their super PACs But after the exchange filed for bankruptcy protection, som...
Liquid Global halts crypto trading after FTX’s bankruptcy filing – crypto.news
The fall of Sam Bankman-Field’s crypto firm (FTX) has affected several other companies globally, and more are following the trend. FTX’s Chapter 11 filing in a U.S. court has also caused some crypto c...
Why Genesis Global Trading may be the latest to bear the brunt of FTX’s actions
Genesis Global Trading has been fielding rumors about its poor financial health ever since FTX went down. Thus, taking with it popular names like BlockFi and potentially Genesis’ sister firm, Grayscal...
Unbacked Exchange Tokens Like FTX’s FTT ‘Extreme Risk’: Bank of England Deputy Governor
The Bank of England’s Deputy Governor, Sir Jon Cunliffe, has weighed in the need for regulators to come up with strong consumer safeguards after the FTX crisis, according to a speech he delivered at a...
Despite FTX’s Insolvency, The Number Of Crypto Users In Brazil Is Increasing
The South American nation of Brazil stands out among the top 5 countries for having a huge number of crypto investors, with approximately 10 million users. But the recent downfall of FTX had created a...
Cyber Attackers Are Taking Advantage Of FTX’s Bankruptcy
The cyber attackers are utilizing the current situation of the crypto market to steal the funds from the FTX platform. After the announcement of FTX filings on November 11, 2022, millions of dollars’ ...
Ripple Has Its Eyes Set on Some of FTX’s Businesses
Ripple can perhaps acquire Ledger Holdings Inc from FTX at a lower price to help in its XRPL development plan. Ripple Inc, a leading blockchain technology company, is reportedly interested in some of ...
CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March – Bitcoin News
According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Du...
FTX’s Collapse Clears The Path
Binance CEO Changpeng Zhao said that the recent crash of FTX, while forcing destructive effects and unexpected changes, will bring the industry into a much better place in the long run. “This incident...
FTX’s recent account drainer dumps 50,000 ETH – crypto.news
A hacker took advantage of FTX’s financial woes and looted roughly $600M worth of cryptocurrencies on Friday. Since then, the looter has been trying effortlessly to move the funds to an untraceable ch...
Alameda’s CEO Caroline Ellison: Is she the reason behind FTX’s fall?
Daughter of Economics professors at MIT, the same place where SEC chair Gary Gensler taught. SBF was also an MIT graduate. She is “nerdy” and “highly intelligent,” claims classmates. Ever since the F...
The story of how Caroline Ellison became involved in FTX’s collapse
Join Our Telegram channel to stay up to date on breaking news coverage Early in November, Alameda Research employees connected to a video chat to learn what would become of the trading company, which ...
Bitcoin Is Braving The Storms Around FTX’s Fall And Could Be Gearing Up For A Rally
Advertisement     Bitcoin has steadied over the last few days in defiance of the pervading fiasco surrounding FTX’s collapse. The asset has been trading sideways for a...
These Are the Most Shocking Findings From FTX’s Bankruptcy Filing
In the wake of crypto exchange FTX’s collapse, which triggered a severe contagion across the industry, many shocking discoveries have been made about the company’s governance and management system. A ...
Investors Continue to Learn More About FTX’s Mismanagement
In an essay for CoinDesk, Francine McKenna, a journalist and lecturer in financial accounting at the University of Pennsylvania’s Wharton School, laid out a series of missteps in FTX’s auditing ...
Ripple Intends to Buy FTX’s Assets
Alex Dovbnya The San Francisco-based company is considering purchasing the assets of the failed FTX exchange San Francisco-headquartered cryptocurrency company Ripple is interested in purchasing the a...
Bank Of America drops Coinbase over FTX’s misdoings – crypto.news
Bank of America decided to stock downgrading due to the FTX crypto exchange disaster and its impact on the cryptocurrency market. Major investment bank Bank of America decided to slash its price targe...
Investor Studied Crypto For Years, Then Missed FTX’s Red Flags
(Bloomberg) — When Sam Bankman-Fried was all of 25 years old, he pitched his nascent crypto investment business to Silicon Valley investors — only for them to laugh at him and his acolytes...
Why Bitcoin Has Weathered FTX’s Collapse and Why It Isn’t Time to Buy
The bomb that went off this month in the crypto industry has only given Bitcoin a flesh wound. There are good reasons why the largest crypto token has held up despite the disorder that surrounds it, b...
Crypto community reacts to mainstream media coverage of FTX’s implosion: criticism, misogyny and more
The crypto community on Twitter is heavily criticizing the mainstream media for its poor and biased coverage of the collapse of cryptocurrency exchange FTX. In a piece published on Nov. 18 by Forbes ...