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An expert from Oak Security has explained what went wrong with the JELLY token exploit, which cost the Hyperliquid exchange $10.63 million. Reactions are still mounting from an exploit that cost Hyperliquid (HYPE) exchange’s users $10.63 million in losses. The…
News
Backpack, a crypto exchange founded by former FTX executives, has initiated the fund claim process for FTX’s EU customers as part of the ongoing global efforts to distribute FTX bankruptcy recovery funds. On April 1, Backpack announced the launch of…
News
Interest in cryptocurrencies shows no signs of slowing down in Hong Kong as 25% of adults planning to invest, a new survey finds. A November 2024 survey by the Hong Kong University of Science and Technology found that a quarter…
BTC
Bitcoin
News
Hyperliquid’s handling of the JELLY token incident has drawn sharp criticism from Gracy Chen, the chief executive officer of Bitget. After Hyperliquid (HYPE) removed JELLY amid an estimated $10.6 million loss and a looming liquidation threat to its treasury, Chen…
HYPE
Hyperliquid
News
The potential rollback of the SEC’s custody rule could significantly reshape the digital asset landscape, according to Manthan Dave, co-founder of Palisade, a digital asset custodian backed by Ripple. Dave argues in a note sent to crypto.news that reversing the…
News
A U.S. bankruptcy court has allowed the liquidators of the defunct crypto hedge fund Three Arrows Capital to substantially increase its claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion. In a March 13 ruling by…
BTC
Bitcoin
News
In a recent interview from prison with Tucker Carlson, Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, shared his perspectives on the current state and future of the cryptocurrency industry. The conversation covered a broad range of…
News
Kraken confirmed it will begin the next round of FTX payouts on May 30, covering claims both below and above $50,000. According to FTX creditor representative Sunil’s recent post on X, Kraken has begun sending emails to FTX users, confirming…
News
Solana has rebounded to $143 after a recent 28% crash, recovering 4% in the past day but could face pressure as FTX continues depositing SOL to Binance. The decline came after a wave of profit-taking, following initial optimism around President…
News
Artificial intelligence startup Anthropic has secured $3.5 billion in its latest funding round, bringing its valuation to $61.5 billion. The round was led by Lightspeed Venture Partners, with participation from investors including Bessemer Venture Partners, Cisco Investments, D1 Capital Partners,…
News
FTX’s bankruptcy costs are approaching $1 billion, making it one of the most expensive Chapter 11 cases in U.S. history. Court records show that nearly $948 million has been paid to legal and financial firms working on the case, with…
News
Sam Bankman-Fried, the disgraced founder of FTX, posted on X for the first time in two years, triggering a 30% spike in the price of FTT, the exchange’s native token. In his Feb. 25 X post, Bankman-Fried joked about not…
FTT
FTX
News
SOL has plummeted by more than 7% to levels below $160 as investors grow weary of the upcoming FTX 11.2 million Solana unlocking. On Feb. 24, Solana (SOL) took a nosedive, decreasing more than 7% to $158.46 the lowest its…
SOL
Solana
News
Bankrupt cryptocurrency exchange FTX appears to owe a significant sum of money to creditors in more than twenty countries, including Ukraine. Crypto investors from more than 20 customers, including Ukraine, China, and Russia, are not eligible for FTX distributions, Sunil…
News
Crypto exchange Bybit said Friday that all liquidation data can now be accessible via its enhanced API. Bybit has made its liquidation data publicly available through an upgraded API, weeks after CEO Ben Zhou questioned CoinGlass’ Bitcoin liquidation estimates. In…
News
FTX founder claims innocence, seeks Trump pardon in jail talk
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.
News
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...
FTT
FTX
News
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...
FTT
FTX
News
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...
FTT
FTX
News
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.
