FTX Financial News

21.08 / 22:11

Law regulation FTX Court Lawyers Fried Sam Sam Bankman-Fried will get one day in court to meet with lawyers

A federal judge overseeing former FTX CEO Sam Bankman-Fried’s criminal case has issued an order allowing Sam Bankman-Fried to meet with his legal team outside of jail for roughly seven hours.

21.08 / 07:17

cryptocurrency SEC FTX Volatility Bitcoin Low Bitcoin drops to new two-month low as world markets sell off

cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets. On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed. It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since June 16.

19.08 / 09:13

Provident Aware Action FTX MDC Jail Fried Sam FTX Co-Founder Sam Bankman-Fried Appeals for Temporary Jail Release

FTX co-founder Sam Bankman-Fried is seeking temporary release from jail in order to work on his defense with his lawyers at the federal courthouse in Manhattan.

19.08 / 08:29

business Blockchain Law FTX Fried Sam Sam Bankman-Fried requests weekday freedom for legal defense work

Seven days following the Department of Justice's bail revocation for disgraced FTX founder Sam Bankman-Fried, he is now seeking permission to spend five weekdays outside to collaborate with his legal team on his defense case.

18.08 / 12:39

FTX SBF Mantle Mantle User Raises Eyebrows On Proposed Auto Migration Of FTX $43 Million BIT Tokens

A Mantle community member has proposed the restriction on an automatic migration of FTX BIT tokens to Mantle (MNT) citing disqualifying factors.

18.08 / 11:13

FTX Alameda FTX-Linked Bank Receives Federal Enforcement Action for Digital Asset Activities

The Federal Reserve Board has taken enforcement action against Farmington State Bank, a small bank linked to now-defunct crypto exchange FTX, for engaging in undisclosed digital asset activities.

18.08 / 09:35

Blockchain Tokens FTX DAO Mantle Mantle pauses token migration to stop FTX from converting $43M in BIT tokens to MNT

A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT) amid the ongoing token migration process.

18.08 / 09:29

FTX BlockFi Alameda Withdrawals BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users

On August 17, BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey.

17.08 / 22:29

Legal FTX genesis settlement FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute

According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million.

17.08 / 18:51

regulation Federal Reserve FTX Reserve Federal Reserve issues enforcement action against FTX-linked US bank

The Federal Reserve Board of the United States and the Washington State Department of Financial Institutions have announced an enforcement action against Farmington State Bank, a financial institution whose parent company received more than $11 million from Alameda Research.

17.08 / 15:11

business Blockchain Law FTX settlement FTX seeks $175M settlement with Genesis entities to resolve dispute

FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities.

17.08 / 06:29

FTX SBF Fried Sam Prosecution's Strategy: Caroline Ellison's Personal Notes to Serve as Key Evidence Against Former FTX CEO Sam Bankman-Fried

In an August 14 submission to the U.S. District Court in the Southern District of New York, prosecutors stated their plan to introduce Caroline Ellison's to-do lists and notes as evidence, including a note labeled "Things Sam is Freaking Out About."

16.08 / 18:45

FTX Executive Former FTX Executive Invokes Fifth Amendment Right, Remains Silent in Trial – Here's the Latest

Ryan Salame, a former executive of now-defunct cryptocurrency exchange FTX, has declined to testify about his involvement in an alleged illegal campaign donation scheme.

16.08 / 04:03

Law regulation FTX Sam Caroline Ellison’s list of ‘Things Sam Is Freaking Out About’ could be used in trial

Prosecutors intend to use personal notes and diary entries from former Alameda Research CEO Caroline Ellison as evidence against FTX co-founder Sam Bankman-Fried at his criminal trial.

15.08 / 14:29

FTX DOJ Political Donations Fried Sam Sam Bankman-Fried Faces New Allegations: DOJ Claims Stolen Funds Used for Political Donations

Sam Bankman-Fried, former CEO of now-defunct crypto exchange FTX, is facing new allegations from the Department of Justice (DOJ), including the embezzlement of customer funds.

15.08 / 04:35

business regulation Altcoin Fraud FTX Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case

Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.

14.08 / 22:39

Ripple regulation SEC Federal Reserve FTX SBF jailed, FTX partners under attack: Law Decoded

The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end of his two upcoming trials. Judge Lewis Kaplan ordered the revocation of the entrepreneur’s $250 million bail following The New York Times report about his alleged attempt to intimidate witnesses. Bankman-Fried faces 12 criminal charges spread across two trials scheduled to begin in October 2023 and March 2024.

14.08 / 22:39

regulation crimes FTX Court Fried Sam Superseding indictment against Sam Bankman-Fried includes using $100M for campaign contributions

The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried, which includes allegations of campaign finance law violations as part of a wire fraud scheme.

14.08 / 20:01

regulation crimes FTX Court Medicine Lawyers Fried Sam Sam Bankman-Fried will 'return to his depression' without access to medication, say defense lawyers

The legal team defending Sam Bankman-Fried (SBF) against criminal charges has requested a federal judge allow the former FTX CEO to have access to antidepressants while in jail.

14.08 / 05:43

business FTX Prison Fried Sam Sam Bankman-Fried spends 3rd night in notorious New York prison

Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York's most notorious prisons — a far cry from his parent's multi-million dollar five-bedroom home in Stanford.

11.08 / 19:53

regulation crimes FTX Court Fried Sam bail Judge orders Sam Bankman-Fried's bail revoked following allegations of witness intimidation: Report

A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses.

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