FTX

Crypto exchange FTX (CRYPTO: FTT) is actively seeking to reestablish its principal international exchange platform. This initiative comes in the wake of the company's turmoil due to allegations regarding the loss of nearly $9 billion of client funds before it crumbled last year. John J. Ray III...

FTX (CRYPTO: FTT) has suddenly put a stop to the sale of a coveted asset, which was previously believed to be on the auction block after the crypto exchange declared bankruptcy in November. What Happened: Perella Weinberg Partners, the investment bank advising the FTX sale process, informed bidders...

FTX co-founder Sam Bankman-Fried has been unsuccessful in his attempt to dismiss criminal charges against him. This comes after a federal judge overseeing his trial rejected his pretrial motions. Bankman-Fried, who is facing charges of wire fraud, bank fraud, operating an unlicensed money...

The image that the FTX sought to portray as the customer-focused leader of the digital age was a "mirage," stated CEO and Chief Restructuring Officer of the FTX Debtors John J. Ray III on Monday. FTX Debtors released a report revealing the misuse and intermingling of...

The aftermath of the Silicon Valley Bank (SVB) collapse has been anything but peaceful for startups, tech companies and regulatory bodies alike. The swift downfall of SVB, which went from solvent to insolvent within a span of two days in March, sent ripples across the banking and tech sectors....

Alameda Research, the hedge fund division of the now-bankrupt FTX (CRYPTO: FTT) group, is in pursuit of reclaiming $700 million that its founder, Sam Bankman-Fried, allegedly spent to gain access to high-profile individuals including celebrities and politicians. According to court documents filed...

24 Exchange, a trading platform that secured $14 million in funding in late 2021, which included support from Point72 Ventures led by Steve Cohen, has decided to discontinue its spot cryptocurrency product. This comes as global regulators intensify their scrutiny of cryptocurrencies. The Bermuda-...

Bitcoin (CRYPTO: BTC) solidified its position as the king of cryptocurrencies, with its dominance in the total market capitalization of cryptocurrencies surpassing 51%. This indicates Bitcoin's market value constitutes over half of the entire $1.1 trillion cryptocurrency market. As per...

The closing down process of cryptocurrency exchange FTX (CRYPTO: FTT) is anticipated to come with an astronomical price tag as professional fees have already surpassed $200 million, according to a court document submitted on Tuesday by a court-appointed examiner. Katherine Stadler, an attorney...

Cryptocurrency exchanges in Japan are rallying for the softening of restrictions on margin trading, despite the tumultuous crash of the global digital asset market last year. A considerable number of industry professionals are advocating for the authorization of retail investors to employ leverage...

According to Nansen, cryptocurrency users are demanding more transparency and enhanced protection measures from Kraken, Bybit, Bitget and other CEXs, or centralized exchanges. Since FTX collapsed, exchanges have increased their protection efforts, or started offering so-called Proof of Reserves....

Lenders, including HSBC Holdings, Plc (NYSE: HSBC) and Standard Chartered PLC (OTC: SCBFY) (OTC: SCBFF), faced pressure from Hong Kong's banking regulator to take on crypto exchanges as clients despite a series of collapses, including the FTX. The Hong Kong...

The legal proceedings against Sam Bankman-Fried, the founder of FTX (CRYPTO: FTT) crypto exchange, in the U.S. hit a roadblock as the Bahamas Supreme Court ruled in favor of allowing him to legally review the terms of his extradition from the Caribbean nation. This development came to light on...

The trial against Sam Bankman-Fried, the co-founder of FTX (CRYPTO: FTT), might face considerable delays if additional charges are brought against him, according to statements from his legal representatives. The additional charges could postpone the proceedings initially scheduled for October ...

Stablecoin firm Circle Internet Financial, which issues USD Coin (CRYPTO: USDC), Thursday announced that it has enlisted the services of Heath Tarbert, a former regulator, as its chief legal officer and head of corporate affairs. This strategic acquisition comes at a time when Circle, which...