FTX

FTX (CRYPTO: FTT) management is taking issue with traders and market makers on a principal creditor committee, alleging they are attempting to dominate assets without considering the repercussions for other involved parties. This contention emerged following the release of a preliminary...

Beleaguered crypto exchange FTX (CRYPTO: FTT) has submitted a court request to exclude its Dubai subsidiary from the ongoing restructuring process in the U.S. According to the court document filed on Aug. 2, FTX asserted that its Dubai branch had not engaged in any business activities prior to the...

One of the biggest storylines of 2022 and the cryptocurrency market continues to play out as FTX co-founder Sam Bankman-Fried faces charges related to the use of funds while running the cryptocurrency platform. A charge related to political donations against Bankman-Fried was dismissed on...

The implosion of the cryptocurrency exchange FTX has revealed disturbing and questionable initiatives undertaken by its nonprofit division, the FTX Foundation. What Happened: A newly filed lawsuit against disgraced FTX founder and former CEO, Sam Bankman-Fried, exposes some of...

FTX CEO Samuel Bankman-Fried faced severe criticism from prosecutors in a recent court filing.  What Happened: The prosecutors accused Bankman-Fried of attempting to undermine a witness in his upcoming criminal trial by leaking diary entries from his ex-girlfriend...

A lawsuit lodged in bankruptcy court by the interim leadership of FTX (CRYPTO: FTT) against Sam Bankman-Fried and other top FTX executives claimed Bankman-Fried's father is illegally funding his son's defense through a company loan, following the collapse of the young crypto tycoon...

FTX (CRYPTO: FTT) administrators are on a mission to reclaim over $71 million from the insolvent exchange's charitable and life science divisions. The FTX Foundation and Sam Bankman-Fried's Latona life sciences fund are reported to have received approximately $71.5 million from FTX and...

The Australian Securities & Investments Commission (ASIC) has revoked the license of FTX’s Australian subsidiary, a cryptocurrency exchange offering services for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other cryptocurrencies. The cancellation will take effect on July 14,...

The collapse of FTX Trading Ltd. in November took the cryptocurrency market by storm, shaking up the already fragile sector.  Industry experts have referred to the crypto exchange's bankruptcy as its "Lehman moment," alluding to the historic 2008 collapse of Lehman Brothers Inc., which...

The relationship between the cryptocurrency and banking industries seems to be under strain once again, following a Twitter poll initiated by Brian Armstrong, CEO of Coinbase Global Inc. (NASADAQ: COIN), questioning whether Bank of America Corp. (NYSE: BAC) is closing accounts linked...

Political commentator Tucker Carlson on Wednesday engaged in a Twitter show with controversial internet personality and kickboxer Andrew Tate, during which he took a dig at Sam Bankman Fried, co-founder of defunct cryptocurrency exchange FTX. What Happened: During the interview, Carlson posed a...

Former NFL star Tom Brady, who previously served as an ambassador for the now-defunct cryptocurrency exchange FTX, reportedly lost millions of dollars from his association with it. Brady, who appeared at the company's conference in Bahamas and in TV commercials promoting the exchange, was paid $30...

Contrary to prior reports suggesting that pop superstar Taylor Swift turned down an endorsement opportunity with FTX, the world's largest cryptocurrency exchange at the time, recent information from The New York Times paints a different picture. The new report alleges that it was FTX and its...

Binance (CRYPTO: BNB) CEO Changpeng "CZ" Zhao stated on Tuesday that the company is preparing for an anticipated surge in trading volume over the next six to 18 months. During a Twitter Spaces Q&A session, Zhao expressed Binance is making "a lot of preparation...

Cryptocurrency exchange Hotbit has reportedly executed a significant rug pull, causing severe damage to the Defi project RichQuack, along with Baby Doge Coin (CRYPTO: BABYDOGE) and Dogelon Mars (CRYPTO: ELON) tokens. RichQuack, in a statement on Tuesday, stated Hotbit sold around 256 trillion...