FTX Financial News

17.12 / 13:05

FTX Galaxy Digital NOT Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Organizations Like FTX

Mike Novogratz, CEO of crypto investments company Galaxy Digital, has said not all crypto exchanges are run like the now-collapsed FTX.

16.12 / 15:25

cryptocurrency Binance FTX Mazars Auditing firm Mazars pauses work for Binance, other crypto clients: Report

Mazars, the auditing firm working with major cryptocurrency exchange Binance, has paused all work for clients in the crypto industry, news outlet Coindesk reported on Friday, citing an emailed statement from Binance.

16.12 / 14:43

Legal FTX Fried Sam bail Sam Bankman-Fried Makes New Bid for Bail Following Denial of First Request – Here’s the Latest

The FTX/Sam Bankman-Fried saga continues: the exchange founder submitted another bail request, just two days after his first one was denied, according to two news outlets.

16.12 / 13:03

regulation FTX Crypto Companies Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?

Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.

16.12 / 11:51

business Law regulation FTX Silvergate faces class-action lawsuit over FTX and Alameda dealings

A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.

16.12 / 07:05

Law regulation FTX Court bail the bahamas SBF reportedly files new bail application in the Bahamas Supreme Court

Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX has reportedly filed a new application for bail in the Bahamas Supreme Court following his previous unsuccessful bail bid.

16.12 / 00:43

business Law FTX Bankruptcy play SBF's legal battle still has "a lot to play out," according to legal commentators

Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a "lot to play out" until he gets a final sentence over the coming months or even years, legal commentators told Cointelegraph.

15.12 / 23:39

markets FTX Bitcoin Bitcoin Price Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data

As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend.

15.12 / 19:29

CEO BAY FTX Fried Sam Rodents and Lack of Toilets Reported at Bahamas Detention Center Where Sam Bankman-Fried Is Being Held

Fox Hill, the Bahamas detention facility where former FTX CEO Sam Bankman-Fried is held, is known for overcrowding, a lack of toilets, and generally harsh conditions.

15.12 / 16:47

Provident Twitter FTX Shark Tank Star Kevin O’Leary Slams Binance, Says the Exchange Caused FTX to Collapse on Purpose

Well-known Shark Tank investor Kevin O’Leary slammed Binance in comments given during a Senate hearing on Wednesday, saying a “war” between FTX and Binance ultimately caused FTX’s collapse.

15.12 / 06:51

business FTX FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF

A former employee of crypto exchange FTX has seemingly exposed the company’s excessive luxury expenditures, obsessive workplace culture and grueling work hours leading to the hiring of a company psychiatrist in the year before its collapse.

15.12 / 06:51

regulation us government FTX Senate Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape

Crypto-friendly Congressman Tom Emmer is considering re-floating a bipartisan bill that would lift the requirement for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs) in the wake of the FTX collapse.

15.12 / 01:19

markets FTX Bitcoin Bitcoin Price Bears AIM Bitcoin retraces intraday gains as bears aim to pin BTC price under $18K

On Dec. 14, Bitcoin (BTC) broke above $18,000 for the first time in 34 days, marking a 16.5% gain from the $15,500 low on Nov. 21. The move followed a 3% gain in the S&P 500 futures in 3 days, which reclaimed the critical 4,000 points support.

15.12 / 01:19

Law regulation FTX Caribbean Prison SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept

After being denied bail in a Bahamas Magistrate Court, former FTX CEO Sam Bankman-Fried could spend up to two months in the country’s Fox Hill Prison, a facility with reported cases of physical abuse against prisoners and “harsh” conditions.

14.12 / 23:11

NFT FTX NFTs minted on FTX break: Nifty Newsletter, Dec. 7–13

In this week’s newsletter, read about how nonfungible tokens (NFTs) hosted on the FTX exchange are now showing blank images. Check out how NFTs can solve diamond certification fraud and how the NFT space is held back by oversupply. In other news, find out how celebrities are facing a class-action lawsuit. And don’t forget this week’s Nifty News featuring classic media player Winamp adding support for NFTs.

14.12 / 15:15

FTX Withdrawals Customer Binance Sees Over $3 Billion in Customer Withdrawals in 24 Hours – Here’s What’s Happening

Binance, the world's largest cryptocurrency exchange, has seen more than $3 billion of net withdrawals over the past day as rumors about alleged problems at the platform spread like wildfire.

14.12 / 13:59

FTX Department Fried Sam bail Sam Bankman-Fried Has Bail Denied, Remains in Custody of Bahamian Department of Corrections

Sam Bankman-Fried, the disgraced founder and former CEO of cryptocurrency exchange FTX, has been denied bail by a judge in the Bahamas.

14.12 / 13:09

FTX New FTX CEO: $1 Billion Worth of Assets Have Been Recovered – This is What You Need to Know

John Ray III, the new CEO of collapsed crypto exchange FTX, has revealed that the new leadership has managed to recover $1 billion worth of assets.

14.12 / 00:11

Law regulation Fraud FTX 'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment

Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had been “very, very fast” but prosecutors were “not done” with arrests.

13.12 / 23:07

business Blockchain FTX Lawyers bail Extradition Breaking: SBF's lawyers request bail in Bahamas Magistrate Court pending extradition

According to local sources, on Dec. 13, crypto executive Sam Bankman-Fried's (SBF) lawyers have requested bail in a Bahamas' Magistrate Court after his arrest on Dec. 12 pending extradition request by U.S. authorities. The move comes after presiding judge Chief Magistrate JoyAnn Ferguson-Pratt stated earlier today that SBF had the right to request bail.

13.12 / 22:05

regulation FTX Court Financial Indictment against SBF unsealed, contains 8 counts of financial and elections fraud

The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long and containe eight counts.

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