Alameda Research

The largest crypto exchange in the world, Binance, is under fire with growing concerns that its CEO Changpeng Zhao’s empire may be built on shaky ground. Are these wrongful accusations being made against a transparent company, or is Binance another crypto exchange ready to wreak havoc on...

A lawsuit filed by the Commodities Futures Trading Commission (CFTC) alleges that former FTX CEO Sam Bankman-Fried instructed FTX executives to transfer Alameda Research's sizable obligations to the exchange to a Korean account in order to conceal its liability with the company. The CFTC, the...

John Ray, the newly appointed CEO of FTX, said his predecessor Sam Bankman-Fried and his senior coterie had "free rein" over the troubled cryptocurrency exchange and its sister trading entity Alameda Research. There were no distinctions between FTX, Alameda Research, and other firms which...

Sam Bankman-Fried, FTX, and Alameda Research have been sued by the Commodity Futures Trading Commission (CFTC) for breaking federal commodities regulations.  The top U.S. derivatives regulator alleges that Bankman-Fried and other FTX executives borrowed hundreds of millions of dollars from...

U.S. federal prosecutors have reportedly launched an investigation into whether Sam Bankman-Fried manipulated prices of TerraUSD (CRYPTO: USTC) and Luna (CRYPTO: LUNA) to benefit the entities he owned — cryptocurrency exchange FTX and Alameda...

Slamming new FTX CEO John J Ray III for his testimony on FTX's poor record-keeping and unreliable financial data, the exchange’s founder Sam Bankman-Fried said Ray's statements put in legal records were “false.” Ray, a restructuring expert, testified in a bankruptcy...

Genesis owes at least $1.8 billion to its creditors, according to multiple media reports. The troubled crypto trading and lending company owes users of Gemini's Earn program $900 million and another $900 million to a group of assorted debtors represented by law firm Proskauer Rose. Another ad...

Major cryptocurrency exchange KuCoin has hired auditor Mazars to confirm its proof of reserves in a third-party factual findings report, days after rival exchange Binance did the same. According to a statement on KuCoin's official blog, Mazars will provide information on whether KuCoin's in...

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong harshly criticized Sam Bankman-Fried, suggesting that the discrepancy on FTX's balance sheet was caused by the misappropriation of customers' funds. "It's stolen customer money used in his hedge fund, plain and...

A new short report is pointing out problems at Silvergate Capital Corp (NYSE: SI), a cryptocurrency-friendly bank that has seen its stock price fall in 2022. What Happened: The cryptocurrency industry has fallen under pressure for regulation after the collapse and bankruptcy of the ...

FTX co-founder and former CEO Sam Bankman-Fried, once a beloved leader in the cryptocurrency sector, is now being labeled a criminal. The disgraced entrepreneur is currently on a media tour to discuss how the exchange he founded went into disarray, but appears to be having a tough time answering...

FTX co-founder Sam Bankman-Fried saw his wealth evaporate from billions to significantly less after the collapse and bankruptcy of the cryptocurrency platform he founded. A new list of creditors suggested Bankman-Fried may have also been searchin’ for his lost shaker of salt....

LedgerX, a subsidiary of FTX Group that also had to seek bankruptcy protection due to its parent company's collapse, will make available $175 million for use in the Chapter 11 proceedings for the crippled cryptocurrency exchange and its other firms. A $250 million fund was set aside by LedgerX...

A U.S. senator is taking aim at the cryptocurrency industry after the exchange platform FTX mishandled billions of dollars worth of customer assets to fund risky trades. What Happened: Sen. Elizabeth Warren, who recently called the crypto industry "smoke and mirrors," is doubling down on...

Crypto analytics company Chainalysis disclosed FTX owes it money in connection with the bankruptcy proceedings for the beleaguered cryptocurrency exchange. Chainalysis was listed as a creditor in filings submitted to the Delaware bankruptcy court on Wednesday, and it requested that any...