FTX Financial News

09.03 / 15:15

business FTX Bankruptcy Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi.

09.03 / 11:45

Law regulation FTX class action Judge refuses to consolidate class action suits against FTX

A federal judge has refused to consolidate a number of proposed class-action lawsuits against the FTX exchange by investors. According to the judge, the exchange and its defendants have not yet been heard on the matter.

09.03 / 09:09

business Fraud crimes FTX Court Trial Lawyers SBF’s lawyers signal need to push back October criminal trial

Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the former crypto exchange executive — to give him more time to prepare his defense.

08.03 / 08:57

business Law Adoption regulation Banks FTX Bankruptcy Lawyers Lawyers picnic: FTX counsel and advisors rake in $34M in January

The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal.

08.03 / 08:57

business Adoption Survey FTX Digital Asset Paxos collapses 89% still trust centralized custodians despite 2022's collapses: Survey

American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment apps to custody their assets.

07.03 / 01:11

Law regulation FTX Bankruptcy US trustee appeals FTX bankruptcy judge's ruling to deny appointment of independent examiner

Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’s denial of a motion appointing an independent examiner in the case.

07.03 / 01:11

business Grayscale FTX Alameda Research files suit against Grayscale over ‘self-imposed redemption ban’

Alameda Research has filed suit against Grayscale Investments in the Court of Chancery in the State of Delaware, it announced March 6. It also made claims against Grayscale CEO Michael Sonnenshein, Grayscale owner Digital Currency Group (DCG) and the group’s CEO Barry Silbert.

05.03 / 12:53

Blockchain Digital Remark FTX Luna reports letter Investor Letter Shocker: Multicoin Capital's Hedge Fund Reports 91.4% Loss in 2022 – Here's What Happened

Digital asset investment firm Multicoin Capital lost as much as 91.4% in 2022 as investors rushed for the exits following the catastrophic collapse of FTX.

05.03 / 07:19

business cryptocurrency FTX FTX Crash Fried Sam bail Sam Bankman-Fried might use flip phone under stricter bail plan

Prosecutors and attorneys for FTX founder Sam Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device thats not a smartphone while on bail.

04.03 / 23:13

business FTX Court Bankruptcy Fried Sam bail DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phones

The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing made late March 3 shows.

04.03 / 19:15

business regulation Banks FTX Bankruptcy network Silvergate closes Exchange Network, releases $9.9M to BlockFi

Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets' payment network, claiming the termination is a "risk-based decision". The move comes after the bank's stock fell over 59% in the past five days due to fears of a potential bankruptcy.

03.03 / 21:05

markets Funding Banks FTX banking Bitcoin crypto market cap Total crypto market cap takes a hit amid Silvergate Bank crisis

Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March.

03.03 / 05:19

business Blockchain Tether coinbase stocks us government FTX MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.

03.03 / 04:09

business Binance coinbase Huobi FTX Bankruptcy 500 Binance ‘not planning any layoffs,’ 500 roles to be filled in H1

Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson.

03.03 / 03:17

business Blockchain FTX Bankruptcy FTX presentation shows 'massive shortfall' in firm's assets

Bankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US.

01.03 / 23:13

CFTC regulation SEC Fraud FTX SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are pressing charges against Singh.

01.03 / 14:15

business lending FTX Bitcoin Hodlnaut founders propose selling the firm instead of liquidation

The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.

01.03 / 13:15

FTX Fried Sam Pressure Mounts on FTX Founder Sam Bankman-Fried as Former Director of Engineering Pleads Guilty – Here's What You Need to Know

Nishad Singh, the former director of engineering at now-defunct crypto exchange FTX, has pleaded guilty to U.S. criminal charges, agreeing to cooperate with the investigation into FTX founder Sam Bankman-Fried.

01.03 / 08:01

cryptocurrency FTX Executive Indian Indian-origin FTX executive Nishad Singh pleads guilty in crypto case

Indian-origin Nishad Singh, who was part of Sam Bankman-Fried’s inner circle that ran his crypto empire FTX, pleaded guilty to US criminal charges on Tuesday, and agreed to cooperate with the investigation into Bankman-Fried, Reuters reported.

28.02 / 22:37

business Blockchain Fraud FTX Former FTX Director to reportedly plead guilty to fraud charges

Nishad Singh, former director of engineering at FTX, is expected to plead guilty to fraud charges brought by U.S. prosecutors who are investigating the now bankrupt FTX cryptocurrency exchange, Reuters reported on Feb 28.

28.02 / 14:51

Ethereum MARKET FTX Volatility Bitcoin Alameda Gap Persists as Stunted Liquidity Holds Back Crypto Market

February is ending, but the 'Alameda Gap' is not.

FTX Financial News

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