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Results for "ftx"

Sam Bankman-Fried’s parents seeking dismissal of FTX lawsuit

Sam Bankman-Fried’s parents seeking dismissal of FTX lawsuit

Sam Bankman-Fried’s parents have filed a motion to dismiss FTX’s lawsuit, denying involvement in the exchange’s downfall.

January 17, 2024 at 6:00 pm
FTT jumps 24% on former FTX customer complaints

FTT jumps 24% on former FTX customer complaints

The native token of the FTX cryptocurrency exchange, FTT, is up more than 24% over the past 24 hours. According to CoinMarketCap, in just 24 hours the FTT token has risen by 24.5%, reaching $3.45 at the time of writing.…

January 12, 2024 at 9:06 am
Former FTX customers seek crypto repayment amid current market rally

Former FTX customers seek crypto repayment amid current market rally

A group of previous FTX customers urges a U.S. court to modify the proposed repayment approach in their bankruptcy case. 

January 11, 2024 at 7:05 pm
Fintech firm Dave to pay FTX liquidators $71m

Fintech firm Dave to pay FTX liquidators $71m

Neobank Dave will pay $71 million to FTX liquidators by acquiring a convertible promissory note from FTX Ventures, valued at $100 million. 

January 5, 2024 at 6:47 pm
FTX saga: what happened to FTX and Sam Bankman-Fried in 2023

FTX saga: what happened to FTX and Sam Bankman-Fried in 2023

Explore the comprehensive breakdown of what happened to FTX in 2023: from Sam Bankman-Fried going to jail to his ex-girlfriend’s confessions. The crypto industry has always been filled with captivating stories of massive success, overnight failures, notorious scams, and overwhelming…

December 26, 2023 at 6:21 pm
Lessons from 2023: the FTX trial and crisis management for crypto projects | Opinion

Lessons from 2023: the FTX trial and crisis management for crypto projects | Opinion

With the proper crisis response plan, your next crisis doesn’t have to become an existential catastrophe.

December 25, 2023 at 1:38 pm
FTX and Alameda transferred over 13m SOL in the last two months

FTX and Alameda transferred over 13m SOL in the last two months

Bankrupt companies FTX and Alameda have transferred millions of Solana (SOL) tokens over the past two months. According to Spot On Chain, the two firms transferred 13.22 million SOL to the exchange between Oct. 24 and Dec. 14, 2023. The…

December 22, 2023 at 9:41 am
Sam Bankman-Fried denied delayed sentencing over FTX fraud

Sam Bankman-Fried denied delayed sentencing over FTX fraud

A request to delay the sentencing of Sam Bankman-Fried was rejected by Judge Lewis Kaplan ahead of a presentence interview slated for Dec. 21. 

December 20, 2023 at 7:31 pm
Kaiko: Solana price ratio shows recovery from FTX collapse

Kaiko: Solana price ratio shows recovery from FTX collapse

Kaiko reports Solana is experiencing a price surge, with the SOL/ETH price ratio witnessing a strong reversal.

December 19, 2023 at 5:36 pm
FTX and Bahamian liquidators agree on creditor payout plan

FTX and Bahamian liquidators agree on creditor payout plan

FTX has finalized a collaboration with Bahamian liquidators to outline details on how to pay back its creditors. 

December 19, 2023 at 4:17 pm
FTX proposes plan to end bankruptcy

FTX proposes plan to end bankruptcy

FTX Trading Ltd. Introduced a new proposal to return billions of dollars to customers and creditors. FTX has filed an amended plan of reorganization that will value assets at the rate at the time of the bankruptcy filing—November 11, 2022.…

December 18, 2023 at 8:14 am
Cryptocurrency investments for beginners: exploring RebelSatoshi, FTX Token, and Terra LUNA

Cryptocurrency investments for beginners: exploring RebelSatoshi, FTX Token, and Terra LUNA

For beginner cryptocurrency investors, a few gems can turn out to be profitable: Rebel Satoshi ($RBLZ), FTX Token (FTT), and Terra (LUNA). Let’s dig deep to understand what makes $RBLZ, FTT, and LUNA some of the best altcoins to buy.…

December 16, 2023 at 8:03 pm
FTX case unwinnable, says Sam Bankman-Fried’s lawyer

FTX case unwinnable, says Sam Bankman-Fried’s lawyer

Sam Bankman-Fried’s lawyer, David Mills, calls his client the worst witness ever and emphasizes the FTX founder made the case unwinnable. 

December 12, 2023 at 5:14 pm
FTX faces US officials’ tax claims prior to compensation of bankruptcy victims

FTX faces US officials’ tax claims prior to compensation of bankruptcy victims

U.S. officials will seize money from victims of bankrupt crypto firm FTX Trading Ltd. unless a judge rejects the government’s demand for $24 billion in unpaid taxes. The Internal Revenue Service (IRS) must substantiate its claim against FTX and show…

December 12, 2023 at 7:16 am
FTX unveils revised reorganization plan, sets mid-December court submission

FTX unveils revised reorganization plan, sets mid-December court submission

According to law firm Paul Hastings, the Official Committee of Unsecured Creditors has responded to the FTX 2.0 Customer Ad Hoc Committee, offering insights into its proposed amended reorganization plan, set to be implemented in mid-December. 

December 7, 2023 at 2:42 pm
FTX, Alameda move an additional $22m worth of crypto

FTX, Alameda move an additional $22m worth of crypto

Per Lookonchain, the diverse mix of transferred cryptocurrencies included Ethereum, Uniswap, Shiba Inu, and several others. The move follows prior transfers of substantial amounts from FTX to well-known exchanges. 

December 3, 2023 at 7:41 pm
FTX and Alameda transferred $10.8m in cryptocurrency to three exchanges

FTX and Alameda transferred $10.8m in cryptocurrency to three exchanges

Firms FTX and Alameda transferred $10.8 million in cryptocurrency to the Wintermute, Binance and Coinbase exchanges. According to Spot On Chain, the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58…

December 1, 2023 at 8:08 am
FTX approved to sell assets worth $873m for creditor repayment

FTX approved to sell assets worth $873m for creditor repayment

Bankrupt cryptocurrency exchange FTX has been given the green light to sell around 32 million shares held in various digital asset trusts as part of its efforts to recover funds. According to a Nov. 29 filing in a Delaware bankruptcy…

November 30, 2023 at 7:55 am