FTX Financial News

20.01 / 17:17

FTX Bank Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’

Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.

20.01 / 07:25

regulation FTX Court Bankruptcy Lawyer Former FTX chief lawyer claims US legal counsel channeled business to S&C

A former FTX chief lawyer has accused the company's US general counsel of channeling business to Sullivan & Cromwell (S&C) — the firm currently serving FTX as bankruptcy counsel.

20.01 / 01:45

business Blockchain Banks FTX exit FTX-linked Moonstone bank to exit the crypto space

Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returning to its “original mission” as a community bank.

19.01 / 20:47

business FTX FTX CEO says he is exploring rebooting the exchange: Report

John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com.

19.01 / 02:09

business UPS CEO FTX stake Media startup says it will buy back $10 million SBF stake: Report

Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up for what it is giving back.

19.01 / 02:09

business FTX Bankruptcy Sam FTX profited from Sam Bankman-Fried’s inflated coins: Report

Sam Bankman-Fried, the former CEO of the FTX crypto exchange, used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX’s sister company, Alameda Research, a New York Times report claimed on Jan. 18.

18.01 / 17:11

Binance FTX Digital Currency Group Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset Class?

As more and more crypto companies face scrutiny – and some throw in the towel after a rough bear market - questions are being raised whether that could be a good thing for crypto after all.

18.01 / 12:21

FTX Silvergate NOT Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon

Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.

18.01 / 08:35

business Liquidity FTX Bankruptcy Which tokens could FTX dump on the market?

The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets.

18.01 / 05:45

business FTX Bankruptcy Bitcoin collapses 'There will be many more zeros' — Kevin O'Leary on FTX-like collapses to come

Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary.

18.01 / 04:41

cryptocurrency FTX Crypto Exchange FTX says $415 million in crypto was hacked

Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen as a result of hacks.

18.01 / 01:33

business FTX Bankruptcy FTX: it took 'Herculean investigative effort' to identify $5.5B in liquid assets

The debtors behind FTX have identified $5.5 billion in liquid assets but reported a “substantial shortfall of digital assets” at the bankrupt crypto exchange and its U.S. arm.

17.01 / 16:31

regulation FTX Kevin O’Leary Says Crypto is Getting "Very Interesting" - Here's Why

Investor and Shark Tank star Kevin O'Leary has said crypto is getting "very interesting" as the recent events have forced lawmakers to push for a solid regulatory framework.

17.01 / 08:49

business FTX Bankruptcy 'Ninth circle of hell' is reserved for SBF for his betrayal: Scaramucci

SkyBridge Capital managing partner Anthony Scaramucci has opened up about the “betrayal” he felt over the actions of FTX founder Sam Bankman-Fried, who he said he once considered a “friend.”

16.01 / 16:35

business FTX Bitcoin Monex wants to buy FTX Japan amid bankruptcy proceedings: Report

FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo.

16.01 / 12:55

FTX Ftx Trial Will FTX Japan Depositors Really Get Their Money Back in February?

The Japanese subsidiary of cryptocurrency exchange FTX is expected to resume withdrawals starting in February, according to a Japanese senior official.

15.01 / 14:01

FTX FTX US US President Brett Former FTX US President Brett Harrison Details fallout with SBF in ‘Disputes Over Management Practices’

Brett Harrison, former president of FTX US, has revealed that he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices.

15.01 / 01:05

business FTX Bankruptcy Alameda Research had a $65B secret line of credit with FTX: Report

Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion "secret backdoor line of credit" for Alameda Research, according to FTX attorney Andrew Dietderich.

14.01 / 20:51

FTX DOJ Ftx Trial DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest

The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.

14.01 / 18:05

business Adoption Gemini FTX Gemini and Genesis’ legal troubles stand to shake up industry further

With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s Winklevoss twins and Barry Silbert, CEO of Digital Currency Group (DCG) — the parent firm behind crypto market maker and lender Genesis.

14.01 / 08:49

business FTX Asset management Bankruptcy Buyback SkyBridge stake Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF

SkyBridge Capital CEO Anthony Scaramucci said that his firm can buy back the stake of the company it sold to FTX back in September last year. While Galaxy Digital CEO Mike Novogratz has indicated that he would be tempted to “punch” SBF right in the jaw.

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