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CryptoCurrency

FTX Seeks to Recover $300M Paid to the Leadership of Its European Affiliate

  • The amount was paid in connection to the acquisition of FTX Europe.
  • The exchange has asked the court to halt the pending payments.
Thursday, 13/07/2023 | 14:40 GMT by Jared Kirui
CryptoCurrency

FTX to Launch Claims Portal for Customers ‘In the Coming Weeks’

  • The bankruptcy court in Delaware in June ordered customers to file 'proofs of claim'.
  • The order exempts customers of FTX EU and Japan.
Monday, 03/07/2023 | 20:13 GMT by Solomon Oladipupo
CryptoCurrency

Bankrupt FTX Initiates Early Talks on Crypto Exchange Relaunch: Report

  • The blockchain technology firm, Figure has stated an interest, according to Wall Street Journal.
  • The exchange is considering compensation for certain existing customers.
Wednesday, 28/06/2023 | 14:39 GMT by Solomon Oladipupo
CryptoCurrency

FTX Halts Sale of $500M Stake in AI Startup amid Recovery Efforts

  • The investment is one of the largest by the bankrupt exchange.
  • The sale has attracted several buyers amid the AI boom.
Wednesday, 28/06/2023 | 10:32 GMT by Jared Kirui
CryptoCurrency

Judge Rejects FTX’s Bankman-Fried’s Motions to Dismiss Criminal Charges

  • Judge Kaplan earlier ordered that post-extradition charges to be tried separately.
  • Bankman-Fried's first trial is scheduled to start in October 2023.
Tuesday, 27/06/2023 | 22:35 GMT by Solomon Oladipupo
CryptoCurrency

FTX Bankruptcy Team Releases Second Investigative Report; $7B Recovered

  • The report noted that the exchange owed customers $8.7 billion.
  • Former FTX executives reportedly commingled and misused customer funds.
Tuesday, 27/06/2023 | 09:02 GMT by Jared Kirui
Retail FX

Ex-FTX US President Pivots from Crypto Chaos to AI Revolution

  • Brett Harrison has created an enterprise based on AI.
  • He wants to help retail investors in their daily trading.
Wednesday, 21/06/2023 | 09:04 GMT by Damian Chmiel
CryptoCurrency

FTX’s Sam Bankman-Fried Battles US Post-Extradition Charges in Bahamas

  • The details are contained in court documents filed on Monday evening, Reuters reported.
  • Last month, US prosecutors opposed a move to dismiss some of the charges.
Tuesday, 13/06/2023 | 22:09 GMT by Solomon Oladipupo
CryptoCurrency

FTX Customers' Names Can Permanently Remain Undisclosed: US Court

  • Four media houses filed a complaint to reveal FTX customers' identities.
  • However, the permission to redact the names of institutional customers is temporary.
Monday, 12/06/2023 | 09:00 GMT by Arnab Shome
CryptoCurrency

US Prosecutors Slam Sam Bankman-Fried’s Opposition to Criminal Charges

  • Bankman-Fried's lawyers filed pre-trial motions in early May.
  • The ex-mogul's trial is scheduled to start on October 2, 2023.
Wednesday, 31/05/2023 | 22:41 GMT by Solomon Oladipupo
CryptoCurrency

Temasek’s $275 Million Crypto Blunder Leads to Lowered Pay for Management

  • The Singaporean company has bet on collective responsibility.
  • Those involved in the FTX investment have been penalized with salary reductions.
Monday, 29/05/2023 | 09:56 GMT by Damian Chmiel
CryptoCurrency

Miami International Completes $50M Takeover of LedgerX from FTX

  • FTX sold LedgerX to monetize assets and deliver recoveries to stakeholders.
  • Three other subsidiaries permitted for sale remain unsold.
Friday, 19/05/2023 | 20:46 GMT by Solomon Oladipupo
CryptoCurrency

US Court Approves Voyager’s Liquidation after Failed Binance Buyout

  • Binance and FTX's efforts to purchase Voyager failed to materialize.
  • The crypto lender is expected to provide around 35% of fund recovery for its customers.
Wednesday, 17/05/2023 | 20:39 GMT by Solomon Oladipupo
CryptoCurrency

US Tax Department Claims $44 Billion from Bankrupt FTX

  • The claims are primarily for partnership and payroll taxes.
  • The largest claim is $20.4 billion against Alameda Research LLC.
Thursday, 11/05/2023 | 05:43 GMT by Arnab Shome
CryptoCurrency

Media Giants Ask Court to Release Details of 9M FTX Customers

  • The firms include Bloomberg, Dow Jones, The New York Times and The Financial Times.
  • FTX wants to claw back about $4 billion from Genesis.
Thursday, 04/05/2023 | 19:38 GMT by Solomon Oladipupo
CryptoCurrency

FTX Sells LedgerX for $50 Million

  • FTX bought LedgerX in 2021 for $298 million.
  • It is a CFTC-regulated crypto derivatives exchange.
Wednesday, 26/04/2023 | 05:40 GMT by Arnab Shome
CryptoCurrency

Fallen FTX Exchange Recovers over $7 Billion Thanks to Surging BTC

  • Since the beginning of the year, the value of recovered assets has increased by 12.3%.
  • The appreciation of cryptos has caused the dollar valuation of assets to jump to $1 billion.
Thursday, 13/04/2023 | 09:04 GMT by Damian Chmiel
CryptoCurrency

US Court Orders FTX’s Alameda Research to Be Repaid $53M Deltec Loan

  • Deltec signed a promissory note for $50M from Alameda Research in 2021.
  • Alameda Research recently sued Grayscale to recover $250M for creditors.
Wednesday, 12/04/2023 | 19:43 GMT by Solomon Oladipupo
CryptoCurrency

CySEC Extends FTX Europe's License Suspension until September End

  • The license was initially suspended on 11 November 2022.
  • FTX Europe recently started to process withdrawals.
Wednesday, 12/04/2023 | 10:19 GMT by Arnab Shome
CryptoCurrency

FTX EU Withdrawals to Go ‘Swiftly’, CySEC Says

  • FTX EU starts the process for customers to request final fiat balances and withdrawals.
  • The company confirmed the news exclusively reported by Finance Magnates last week.
Monday, 03/04/2023 | 10:01 GMT by Damian Chmiel
CryptoCurrency

Exclusive: FTX Europe Launches New Website for Customer Balance Withdrawal

  • The new domain will offer no products or any other services.
  • CySEC register shows FTX EU is still under license suspension.
Thursday, 30/03/2023 | 21:02 GMT by Solomon Oladipupo
CryptoCurrency

FTX’s Bankman-Fried Pleads Not Guilty to $40M Chinese Bribery Charge

  • The FTX Founder also pleaded not guilty to campaign law violations.
  • Three of Bankman-Fried's top associates have pleaded guilty to criminal charges.
Thursday, 30/03/2023 | 19:57 GMT by Solomon Oladipupo
CryptoCurrency

OKX to Transfer $157 Million in Frozen Assets Linked to FTX and Alameda Research

  • The assets were frozen immediately after the FTX collapse.
  • OKX confirms its willingness to cooperate further with the fallen exchange debtors.
Thursday, 30/03/2023 | 08:12 GMT by Damian Chmiel
CryptoCurrency

Sam Bankman-Fried Hit with Additional $40M Chinese Bribery Charge

  • The bribery is allegedly linked to Alameda Research's trading accounts.
  • Bankman-Fried already faces allegations of wire, bank and securities fraud, among others.
Tuesday, 28/03/2023 | 18:28 GMT by Solomon Oladipupo
CryptoCurrency

FTX Debtors Agree to $95M Sale of Mysten Labs Stake

  • The venture arm of FTX bought the stake in the Web3 startup for $101 million.
  • FTX debtors recently agreed to recover $460 million from Modulo Capital.
Friday, 24/03/2023 | 10:17 GMT by Arnab Shome
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