FTX Financial News

11.08 / 17:27

Gemini FTX genesis DCG DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations

Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.

10.08 / 13:59

business Blockchain Law FTX FTX debtors FTX debtors and UCC clash over asset control in restructuring

FTX debtors led by chief restructuring officer John J. Ray III have expressed disapproval of traders and market makers within the Official Committee of Unsecured Creditors (UCC) who are aiming to gain authority over assets. They believe the UCC’s plan to invest nearly $2.6 billion in cash reserves in short-term Treasuries is a bad idea amid FTX 2.0 draft restructuring plan.

10.08 / 10:47

Ethereum FTX SBF reputation Sam Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried’s Reputation

Ethereum co-founder Vitalik Buterin has revealed that a larger section of the crypto community did not respect Sam Bankman-Fried as depicted by the mainstream media.

09.08 / 12:09

Venture Capital FTX Leading Venture Capital Firms Including Softbank and Sequoia Named as Defendants In Fresh Lawsuit for Links With FTX

A class-action lawsuit filed in the United States District Court for the Northern District of California has named 18 venture capital investment firms as defendants for their links with the bankrupt crypto exchange FTX.

09.08 / 08:53

business Blockchain regulation Investments Venture Capital cryptocurrency investment FTX Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX.

09.08 / 05:59

business Law regulation Altcoin Fraud FTX FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.

08.08 / 20:17

Law regulation crimes FTX Deal Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States.

08.08 / 18:53

regulation crimes FTX Court Fried Sam Prosecutors will still consider Sam Bankman-Fried's alleged campaign finance scheme at trial

The United States Attorneys’ offices has announced another superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which will include considering an allegedly illegal campaign finance scheme.

08.08 / 18:53

FTX FTX US Ex-FTX US Head of Partnerships, Sina Nader, Takes on Role as Head of Strategy at Mysten Labs

Sina Nader, the former head of partnerships at FTX US, has joined Mysten Labs as its new head of strategy.

08.08 / 14:27

FTX Sino Global Capital Takes Legal Action, Files $67.3 Million Claim Against FTX Trading Ltd

Sino Global Capital, led by Matthew Graham, has taken legal action against now-defunct crypto exchange FTX, filing a claim worth $67.3 million on behalf of its Liquid Value fund.

07.08 / 20:37

regulation IRS FTX Taxes creditors NOT FTX has a plan, but creditors are not impressed: Law Decoded

FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan.

04.08 / 19:13

FTX Backed Alameda-Backed Coins Experienced Suspected Bot-Driven Price Surge on FTX, Study Suggests

Several digital tokens that Sam Bankman-Fried’s trading firm Alameda Research had ties to pumped in price after they were listed on now-bankrupt crypto exchange FTX, according to a report from Network Contagion Research Institute (NCRI).

03.08 / 13:45

FTX Bankrupt crypto Bankrupt Crypto Exchange FTX Wants Dubai Entity Detangled From US Bankruptcy Filings: Here’s The Latest

Bankrupt digital asset exchange FTX has filed a motion to exclude its Dubai entity from the ongoing bankruptcy proceedings in the United States.

03.08 / 11:13

business regulation FTX Bankruptcy FTX files motion to exclude its Dubai unit from bankruptcy proceedings

Bankrupt crypto exchange FTX filed a motion in court to remove its Dubai unit from the ongoing restructuring proceedings in the United States.

03.08 / 05:49

Twitter Social Media Altcoin FTX Study Bot elon Elon Musk tweets and Twitter bot spam influences altcoin prices: Study

Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested.

02.08 / 20:59

Platform FTX FTT social Customers FTX Proposes Rebooting Exchange for Offshore Customers in Bankruptcy Plan, FTT Token Holders Left Empty-Handed

The bankrupt crypto exchange FTX’s new management has proposed to reboot the exchange for offshore customers only, but holders of the FTT token would not benefit from the plan.

02.08 / 20:59

BTC Binance SEC FTX DOJ Bitcoin Department Breaking: US Department of Justice Considering Fraud Charges Against Binance Crypto Exchange

The US Department of Justice (DoJ) is mulling whether to press fraud charges against Binance, as per a Semafor report.

02.08 / 03:31

business Law regulation FTX Court Bankruptcy Jail SBF denies witness tampering in effort to avoid jail

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.

02.08 / 02:17

business Law regulation FTX Court Bankruptcy exit creditors FTX creditors FTX creditors unimpressed with exchange's bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

02.08 / 00:33

FTX Bankruptcy FTX Token FTT FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership

On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange.

01.08 / 15:41

regulation FTX Court Terra Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).

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