FTX Financial News

13.01 / 15:43

Gemini FTX Digital Currency Group genesis creditors Genesis Owes Its Creditors $3 Billion - Is That too Much for DCG to Swallow? Barry Silbert Breaks Silence on Twitter

Digital Currency Group's crypto brokerage firm Genesis owes over $3 billion to creditors, pressing the crypto conglomerate to consider selling assets in its large venture portfolio to raise money.

13.01 / 15:39

business Law regulation FTX FTX allowed by bankruptcy judge to sell LedgerX, other assets

The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors.

13.01 / 12:23

cryptocurrency FTX Fried Sam 'I didn't steal funds': 10 quotes from Sam Bankman-Fried's blog on FTX crash

Sam Bankman-Fried, the fallen founder of cryptocurrency platform FTX, said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on other factors. In a blogpost, he said the FTX US remains fully solvent and that it should be able to return all customers’ funds.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 21:05

cryptocurrency FTX FTX founder makes first detailed response to fraud charges

am Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his collapsed exchange, FTX, could still get their money back.

12.01 / 20:34

Binance FTX Fried Bankman-Fried Continues to Blame Binance for the Collapse of His Crypto Empire

Former FTX CEO Sam Bankman-Fried has released an extensive Substack article talking about how his crypto empire collapsed, once again putting the blame on rival crypto exchange Binance.

12.01 / 17:51

business FTX Fried Sam Sam Bankman-Fried: 'I didn’t steal funds, and I certainly didn’t stash billions away.'

Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.

12.01 / 12:49

FTX Ftx Trial creditors FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors

Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing.

12.01 / 01:51

business FTX Bankruptcy Miami-Dade gains right to remove FTX name from Heat arena

Miami-Dade County will soon start to remove FTX's advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.

11.01 / 19:41

cryptocurrency FTX FTX bankruptcy Failed crypto exchange FTX has recovered over $5 billion, attorney says

Crypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday.

11.01 / 17:55

business Blockchain FTX FTX has recovered over $5B in cash and liquid crypto: Report

According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has "recovered $5 billion in cash and liquid cryptocurrencies." However, the exchange is still "working to rebuild transaction history," and the total amount of customer shortfall is "still unclear." Speaking to a U.S. bankruptcy judge in Delaware on Wednesday, Dietderich also stated that the company plans to sell $4.6 billion worth of non-strategic investment.

11.01 / 15:15

FTX Fried Sam Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?

New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.

11.01 / 15:11

regulation Grayscale FTX Bitcoin letter DCG chief Barry Silbert pens letter to shareholders, community reacts

The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing FUD around the company. DCG is the parent company of Genesis Global Capital, a crypto lending firm and Grayscale, the world’s leading crypto asset manager.

10.01 / 16:57

FTX Terra Financial Financial Bubbles Expert: Crypto a Bubble Like No Other or a Ponzi Scheme. Is He Right?

Some financial experts with a specialty in bubbles believe crypto is either one of the biggest bubbles in history or a smart Ponzi scheme not seen before.

10.01 / 08:47

business FTX Bankruptcy LedgerX FTX units on auction block draws 117 interested buyers: Court filing

As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed.

09.01 / 19:09

Robinhood FTX DOJ Fried The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried

The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million.

09.01 / 14:29

FTX US President Brett Brett Harrison Formerly FTX US President Surfaces on Twitter - What Does He Know?

Brett Harrison, former president of the now-bankrupt cryptocurrency exchange FTX US, has said he will share more details regarding the exchange when the time is good.

09.01 / 08:53

business FTX FTX spent $40M on food, flights, and hotels in just 9 months: Court filings

FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed.

08.01 / 09:11

business Adoption Sport FTX Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

Scuderia Ferrari, the racing division of luxury carmaker Ferrari, joined the growing list of Formula One racing teams to end partnerships with their cryptocurrency sponsors. Ferrari exited its multi-year partnership deals with Velas Blockchain and chip manufacturing giant Snapdragon, resulting in a cumulative $55 million loss for the Italian team ahead of the 2023 season.

08.01 / 01:19

business FTX Bankruptcy FTX asset sales challenged by U.S. Trustee: Report

Bankrupt crypto exchange FTX's plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.

07.01 / 20:05

business Donations FTX Bankruptcy Fried Sam Sam Bankman-Fried's charitable donations sought by FTX: Report

FTX's new management is seeking to recover millions of dollars in donations made by the crypto exchange and its former CEO Sam Bankman-Fried, reports the Wall Street Journal.

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