FTX Financial News

27.10 / 17:49

regulation Fraud FTX Court Trial Sam Bankman-Fried denies defrauding FTX users at trial

The jury overseeing the criminal trial of Sam “SBF” Bankman-Fried listened to the former FTX CEO’s testimony for the first time, which involved largely denying knowledge of fraudulent activities at the crypto exchange.

27.10 / 15:37

Law regulation FTX Court Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’

Defense attorneys representing Sam “SBF” Bankman-Fried questioned the former FTX CEO before a jury for the first time as they prepared to rest their case.

27.10 / 03:25

regulation crimes FTX Court Trial Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report

Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present.

27.10 / 03:25

Law regulation crimes FTX Court Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors, who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research.

27.10 / 03:25

business Blockchain FTX SBF grilled in court on deleted messages during testimony

Disgraced FTX founder Sam “SBF” Bankman-Fried tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial’s jury on Oct. 26.

27.10 / 03:25

regulation crimes FTX Court Trial Prosecutors rest their case as Sam Bankman-Fried prepares to testify

Attorneys representing the United States Justice Department rested their case against Sam “SBF” Bankman-Fried after more than three weeks of expert witnesses and testimonies from former FTX and Alameda employees.

26.10 / 21:15

Provident CEO Platform FTX reports FTX’s Next Move: Three Bidders in the Running for Relaunch

Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report.

26.10 / 12:55

Law regulation crimes FTX Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

The possible contents of Former FTX CEO Sam Bankman-Fried upcoming testimony have been outlined in a letter to Judge Kaplan by his lawyer, Mark Cohen.

26.10 / 09:45

FTX Bankruptcy FTX bankruptcy Bankrupt Crypto Firms Alameda Research and FTX Move $10 Million in Crypto to Exchange Accounts, Raising Questions

Wallets linked to bankrupt crypto firms Alameda Research and FTX moved over $10 million worth of cryptocurrency to a single wallet address, which then deposited the funds to exchange deposit accounts.

26.10 / 09:45

UPS CEO FTX Experts reports Former FTX CEO Sam Bankman-Fried to Give Testimony in Court Today: What Will He Say?

Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, is set to testify in court today.

26.10 / 07:59

business FTX Sam Bankman-Fried has no way to ‘outfox’ prosecutors: Scaramucci

Sam “SBF” Bankman-Fried will be no match for government prosecutors, who will poke holes in his defense when he takes the stand in his criminal trial, said SkyBridge Capital founder Anthony Scaramucci.

26.10 / 07:51

cryptocurrency FTX BlockFi cryptocurrency industry Crypto lender BlockFi emerges from bankruptcy

BlockFi emerged from bankruptcy on Tuesday, nearly 11 months after it was swept away by the turbulence in the cryptocurrency industry following the collapse of FTX. In its bankruptcy filing in November last year, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for the crisis it was facing. On Tuesday, the company said it would officially begin enacting the actions detailed in its bankruptcy plan, like recovering assets it believes are owed to it by FTX, Three Arrows Capital and others. Any attempts to recover assets from those companies, however, will likely be contentious as both are themselves waddling through their respective bankruptcy processes.

26.10 / 05:19

business FTX Court Bankruptcy ai safety FTX probes $6.5M in payments to AI safety group amid clawback crusade

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).

25.10 / 19:59

business Ethereum Binance coinbase FTX FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.

25.10 / 15:05

Law regulation crimes FTX Court Sam Bankman-Fried will testify at criminal trial, say defense lawyers

Former FTX CEO Sam “SBF” Bankman-Fried will testify as part of his defense case, said his attorney Mark Cohen.

25.10 / 09:41

business crimes FTX Bankruptcy FTX navigates post-bankruptcy options, weighs sale or revival

FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings.

25.10 / 05:39

FTX FTX bankruptcy end FTX Reportedly Considering Bids to Restart Exchange, Decision Expected by Year End

Fallen crypto exchange FTX is currently evaluating proposals from three prospective bidders seeking to restart the crypto trading platform, according to a recent Bloomberg report.

25.10 / 05:39

FTX BlockFi Alameda BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect

The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets.

25.10 / 02:11

business regulation lending FTX Withdrawals BlockFi emerges from bankruptcy and opens wallet withdrawals

Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an October 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that Blockfi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024.

23.10 / 19:53

BLOCK FTX reports FTX Creditor Claims Priced Above $0.50 in Over-the-Counter Transactions

A number of over-the-counter (OTC) transactions involving FTX creditor claims are valuing these claims at over 50 cents on the dollar.

21.10 / 08:31

Scams crimes FTX Bitcoin FTX clients face deceptive priority withdrawal scam

FTX users are reportedly being targeted in a withdrawal scam. X (formerly Twitter) user and FTX creditor advocate Sunil cautioned FTX account holders about the phishing scam and urged them to avoid clicking on dubious links.

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