Results for "ftx"
FTX restores customer claims portal after cyber breach
FTX and FTX US are currently facing lawsuits involving claims worth $16 billion, with 10% already agreed upon. Additionally, there are 2,300 non-customer claims worth $65 billion.
Jaguars quarterback Trevor Lawrence reaches resolution in FTX endorsement lawsuit
Jacksonville Jaguars star QB Trevor Lawrence is among the list of famous names who promoted FTX and is currently facing charges.
Crypto rally triggered despite FTX’s liquidation and US CPI hike
The global crypto market cap is rising despite the US Consumer Price Index (CPI) coming higher than expected and FTX’s liquidation approval. According to a report by CNN, data from the US Bureau of Labor Statistics shows the CPI, used…
Delaware Judge allows FTX to sell up to $100 million of coins every week
A Delaware District Judge has approved a structured plan for bankrupt crypto exchange FTX to liquidate millions worth of digital assets
New BitMEX market lets users predict fate of former FTX CEO and Bitcoin ETF
BitMEX launches its “Prediction Markets”, allowing traders to forecast outcomes of significant events, including the FTX recovery rate and potential SEC approval of spot Bitcoin ETFs. Major crypto derivatives exchange BitMex has expanded its products to include a new offering…
FTX unveils $100m weekly crypto liquidation strategy
FTX has presented the bankruptcy court with a revised plan for the sale and transfer of its significant digital assets amid its Chapter 11 proceedings.
FTX’s Sam Bankman-Fried loses bid for pretrial release
US federal judge has denied FTX founder Sam Bankman-Fried’s temporary release, forcing him to remain in jail for his defense preparations.
Ethereum price can drop to $1,000 over FTX sell-off, analyst warns
A Matrixport analyst envisions a scenario, where Ethereum price can “materially drop lower” by the end of the year. Ethereum (ETH) price can go down to the $1,000 mark should the cryptocurrency decline below $1,500 amid a possible sell-off initiated…
FTX’s bankruptcy estate manages $7b in assets, further explores relaunch plans
FTX’s bankruptcy estate manages a $7 billion portfolio that includes Solana, Bitcoin, and the Bahamas real estate, as court filings reveal a potential platform relaunch amidst staggering customer claims.
Justin Sun considers ‘an offer’ for FTX’s crypto assets to prevent potential market crash
Tron founder and Huobi shareholder Justin Sun is considering buying FTX’s assets amid potential asset liquidation by the bankrupt crypto exchange.
FTX sues LayerZero Labs to recover $21m
FTX management has sued protocol developers LayerZero Labs to cancel trades of former executives of the bankrupt firm. The lawsuit is filed against the deal of the former head of Alameda Research, Caroline Ellison, with LayerZero Labs on Nov. 7,…
FTX pushes for settlement, Stake suffers massive hack, regulatory efforts thrive | Weekly Recap
This week, FTX initiated creditor settlement initiatives, as regulatory efforts commanded significant attention. Meanwhile, Stake fell victim to a multi-million-dollar exploit.
FTX looks to claw back millions paid to Shaq, other celebrity endorsers
Financial advisers for the failed crypto exchange FTX are probing whether millions of dollars paid to celebrity athletes, including Naomi Osaka and Shaq, can be recovered.
Former FTX executive will reportedly plead guilty to criminal charges
Ryan Salame, a former FTX executive, is set to plead not guilty in a Manhattan court on Sep. 7
FTX moving coins to BitGo, plans to settle the over $8B debt ongoing
FTX, the defunct crypto exchange, has been consolidating coins as part of efforts to settle over $8 billion in debt owed to clients
FTX’s advertising under scrutiny as DOJ questions FTX.US separation
The US Department of Justice (DOJ) is scrutinizing the advertising strategy of the now-bankrupt crypto exchange, FTX, as it alleges a blurred distinction between the company’s US and international operations.
FTX brass spent more than $2.5m in customer funds on a luxury yacht
The yacht may have been a parting gift for Sam Trabucco, who resigned from Alameda in August 2022.
FTX reports security breach involving bankruptcy agent Kroll
FTX has announced a cybersecurity breach involving its bankruptcy case claims agent, Kroll, exposing limited, non-sensitive customer data of specific claimants. On Aug. 25, the struggling crypto exchange used the X platform to notify customers, creditors, and the public about…