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FTX was a cryptocurrency exchange platform that gained prominence for its wide range of trading products, including spot trading, derivatives, options, and tokenized stocks. Founded in 2019 by Sam Bankman-Fried and Gary Wang, the platform stated aim was to provide a comprehensive and innovative trading experience for both retail and institutional investors.
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News
Defunct crypto exchange FTX will commence its next distribution on May 30, following initial repayment that started this week.
News
The FTX estate kicked off creditor repayments on Feb. 18 by 10 a.m. Eastern Time, almost three years after the crypto exchange collapsed.
News
A scam group posing as FTX debt claimants defrauded two companies of more than $5.6 million, according to a new report from Inca Digital. The perpetrators allegedly used AI-generated identities and unauthorized access to bankruptcy records to execute the scheme.…
News
The biggest centralized crypto exchanges moved $18.83 trillion in spot trades last year, but that’s still short of 2021’s record. Some platforms took off in 2024, while others fell behind. Data compiled by crypto price aggregator CoinGecko reveals that Binance…
News
Traders who own Ethereum in their FTX holdings stand to gain back $2,500 as FTX repayments for its Bahamas creditors start this month. The FTX repayment plan, scheduled to start on Feb. 18, will repay creditors’ claims in full, including…
News
FTX confirmed readiness to begin repayments for Bahamas creditors this month, ahead of larger disbursements expected in Q1 2025.
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The parents of Sam Bankman-Fried, the former FTX CEO currently serving a 25-year prison sentence for fraud, are exploring the possibility of securing a pardon for their son from Donald Trump. Stanford Law School professors Joseph Bankman and Barbara Fried…
Opinion
Two years after the collapse of FTX: Does crypto need a rebrand to gain mainstream adoption and bridge the gap of Untrustworthiness?
News
Kraken is offering former FTX clients $50,000 in fee-free crypto trading incentives as part of its role in distributing funds following the collapse of the exchange. Cryptocurrency exchange Kraken is sweetening the deal for FTX victims in an effort to…
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Cryptocurrency exchange Backpack issued a statement addressing controversy surrounding its purchase of FTX EU. Questions about the sale of FTX EU and who’s responsible for customer funds have sparked a response from Backpack Exchange, after the FTX estate’s statements left…
News
FTX alumni’s Backpack Exchange completes acquisition of FTX EU, set to launch MiFID II-regulated crypto products. Backpack, a crypto exchange founded by former FTX executives, has acquired FTX EU, the former European arm of FTX, as part of its expansion…
News
Defunct crypto lender Celsius Network has filed an appeal notice after Judge John Dorsey dismissed the firm’s claim on FTX damages worth around $444 million, according to FTX creditor activist. Court documents showed crypto lending platform has filed a notice…
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AI-powered market analyst AIXBT misreported FTX’s repayment size and schedule, but the agent quickly acknowledged its mistake.
Markets
The FTX Token has performed well this year, significantly outperforming other cryptocurrencies as attention shifts to the impending fund distributions FTX Token (FTT) was trading at $3.50 on Monday, marking a rise of over 245% from its September lows, and…
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FTX exec Ryan Salame’s prison sentence has been shortened by over a year, with his new release date set for March 2031. Ryan Salame, a former top executive at the failed cryptocurrency exchange FTX, reported to federal prison in October…
News
Users caught in FTX’s 2022 crash will begin receiving bankruptcy distributions, optionally in stablecoins, through Kraken and BitGo.
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