FTX Financial News

28.06 / 17:57

CEO FTX stake Crypto Exchange FTX Puts a Pause on Anthropic Stake Sale

Bankrupt crypto exchange FTX has put a pause on the sale of its stake in the AI startup Anthropic.

28.06 / 02:23

business FTX Court Bankruptcy FTX sues Dan Friedberg alleging he used ‘hush money’ to silence whistleblowers

FTX has filed a lawsuit against a former regulatory and compliance executive at the exchange, alleging he made a series of payments in attempts to prevent staff from blowing the whistle about issues at the exchange.

28.06 / 02:05

business FTX Bankruptcy Suspends stake FTX suspends $500M sale of stake in AI firm Anthropic: Report

The sale of FTX's $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange's efforts to fill a $2 billion remaining hole in its balance sheet.

27.06 / 20:03

Twitter CEO Tesla FTX Intuit Big Money on Big Names: FTX's Celebrity Spending Spree

In a recent opinion piece, Bloomberg columnist Matt Levine delves into the extravagant spending habits of cryptocurrency exchange FTX, shedding light on the allure of celebrity endorsements and influential connections within the crypto industry.

27.06 / 18:43

FTX recovery Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts

The new leadership team at FTX has recouped approximately $7 billion in liquid assets as the exchange continues recovery efforts.

27.06 / 17:47

Law regulation crimes FTX Judge says arguments behind SBF’s motions to dismiss criminal charges are ‘moot or without merit’

A federal judge overseeing the case against former FTX CEO Sam Bankman-Fried (SBF) has denied motions from his legal team seeking to dismiss all but three criminal charges against him.

27.06 / 06:51

business Funding FTX Court Bankruptcy FTX splurged on cartoon, book about humans and 'Pineapple House,' alleges CEO

Former FTX executives allegedly splurged millions on funding niche projects completely unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.”

26.06 / 21:05

regulation Fraud Banks FTX FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

FTX has recovered about $7 billion in liquid assets so far, and the search for additional assets is continuing, CEO John Ray said in the FTX Debtors’ second interim report, released June 26. The extensive commingling of funds complicates their efforts, however.

26.06 / 18:31

FTX Fried Sam Sam Bankman-Fried Shot Crypto MasterClass Prior to FTX Collapse

Disgraced crypto boss Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, a platform that offers courses taught by celebrity experts.

25.06 / 08:47

Legal Bloomberg FTX Media FTX User Names: Media Houses Appeal to Overturn Court Redaction Decision

Several major media outlets have filed an appeal aiming to overturn a bankruptcy court's decision to redact the names of FTX users permanently.

24.06 / 19:45

business NFT defi Tokens FTX Tokenized FTX claim is used as collateral for a loan

A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by a FTX claim, according to the bankruptcy claims platform Found.

23.06 / 19:49

business Blockchain Law FTX Court Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report

Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his claim that he relied on legal advice while engaging in the activities for which he is currently facing prosecution.

23.06 / 19:29

business Investments Venture Capital FTX Sequoia partner says investing in FTX was the right move: Report

American venture capitalist Alfred Lin, a partner at Sequoia Capital, stood up for the firm’s multimillion-dollar investment in the now-bankrupt crypto exchange FTX.

23.06 / 16:43

business Government SEC lending FTX creditors Fine SEC waives BlockFi's $30M fine until creditors are paid

The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockFi until creditors are paid back. The amount represents the balance of a $50 million settlement with the regulator from February 2022.

23.06 / 12:03

FTX Fried Sam FTX Seeks to Recover $700 Million from Sam Bankman Fried's Affiliated Funds

Now-defunct cryptocurrency exchange FTX has sued a former aide for Hilary Clinton and the former aide's investment firm, K5 Global, to retrieve $700 million in funds.

22.06 / 23:57

business Investments Fraud FTX Bankruptcy Fried FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants.

22.06 / 14:49

Law regulation SEC FTX lawmaker Fried Sam US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried's arrest

Michigan Representative Bill Huizenga, who chairs the United States House Oversight and Investigations Subcommittee, has called out the Securities and Exchange Commission (SEC) for its failure to produce appropriate documents related to the timing of the charges and arrest of former FTX CEO Sam Bankman-Fried.

21.06 / 06:41

business Law fees FTX Court Bankruptcy FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

Fees charged by the lawyers and the restructuring team working on the bankrupt crypto exchange FTX have topped $200 million in just over seven months, but an independent auditor argues it makes sense, given the mammoth task.

20.06 / 14:49

COST Twitter Platform coinbase FTX FTX Spent Over $120 Million on Advisory Fees in Just Three Months as Bankruptcy Proceedings Continue

The bankrupt crypto exchange FTX is facing escalating legal and advisory costs, recent filings submitted by the exchange’s bankruptcy advisors have revealed.

19.06 / 20:23

MET CEO Dreams FTX WSJ SBF Washington DC Home Linked to Former FTX CEO May Have Been Sold

A Victorian brownstone in Washington DC linked to former FTX CEO Sam Bankman-Fried may have been sold.

19.06 / 17:03

business Real Estate FTX Washington DC Fried Sam Realtor may have accepted $3M offer for Washington DC property linked to Sam Bankman-Fried

An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington D.C.’s Capitol Hill neighborhood.

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