FTX

Securities and Exchange Commission (SEC) Chair Gary Gensler said the U.S. does not require additional digital currencies amidst ongoing legal action by the SEC against prominent crypto exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN) for purportedly operating...

The Metropolitan Museum of Art in New York has announced its intention to refund $550,000 of donations received from FTX (CRYPTO: FTT), a now-defunct cryptocurrency exchange.  The museum has committed to the full repayment of the funds, initially donated by FTX's U.S. branch, West Realm...

In recent developments surrounding Sam Bankman-Fried, prosecutors have upheld the validity of the criminal charges brought against him. This is despite defense attempts to dismiss them on grounds of technicalities regarding his extradition back to the U.S. and alleged campaign finance violations....

Former NBA star Shaquille O'Neal, has been sued once again over his involvement in cryptocurrency promotions. What Happened: This time, O'Neal is facing a proposed class action in Florida federal court, alleging that he violated securities laws by selling unregistered tokens in connection to...

Bankrupt cryptocurrency exchange FTX has revealed its plans for a potential revival under the leadership of its new CEO, John Ray, according to a court filing. The filing highlighted the efforts made by Ray during the Chapter 11 bankruptcy process and mentioned the possibility of rebooting FTX...

Renowned financial journalist and author Michael Lewis has revealed that he is nearing completion of his latest book, which focuses on Sam Bankman-Fried and the collapse of the FTX crypto empire. Speaking at the Bitcoin 2023 conference, Lewis shared that he conducted extensive interviews...

Crypto trading platform Hotbit announced it will cease operations starting May 22, urging its users to withdraw their funds before June 21, 4 a.m. UTC. Hotbit shared in a public statement that its business environment worsened following an investigation into a former team member back in August...

Debate over whether or not states should be able to regulate stablecoins, and tension over whether that would create a "race to the bottom," took up much of the latest Congressional hearing on creating a comprehensive framework for digital assets.  The hearing at the Digital Assets,...

The five major crypto firms that collapsed last year — FTX, Celsius, Voyager, BlockFi and Genesis — did so because they offered customers instant withdrawals while their assets were locked inside illiquid, risky investments in an attempt to generate unsustainable yields. And because...

Tensions have escalated between the BlockFi Creditors Committee and the beleaguered digital asset lender's management, with the former rebuffing BlockFi's assertion that it fell victim to FTX and Alameda Research while characterizing this as a "misleading narrative....

Despite the recent downturn in broader markets affecting Bitcoin's (CRYPTO: BTC) price, the cryptocurrency continues to inspire confidence among long-term holders. According to Glassnode, the count of individual wallets with at least one Bitcoin has surpassed a million. Since February 2022,...

As the regulatory environment in the U.S. grows dark and stormy, American crypto companies are looking east to Bermuda and its friendlier digital asset framework. It's hardly unusual for crypto firms to go offshore and take advantage of clearer digital asset laws. Now-bankrupt FTX headquartered...

Amid a significant increase in crypto-related crime over the past four years, Eun Young Choi, the newly appointed head of the Department of Justice's (DOJ) cryptocurrency enforcement division, has pledged to fortify the crackdown on illicit activities in the digital asset sector. This...

BlockFi clients can expect the return of almost $300 million held in custodial wallets, following a decision by New Jersey Bankruptcy Judge Michael Kaplan Thursday.  He ruled that these assets belong to the customers and not the bankrupt crypto lender's estate, Coindesk reported. Kaplan...

Lawmakers in states from Florida to California are drafting new legislation to regulate the crypto industry, seeking to fill the gaps left by Congress.  Some states are eyeing stricter rules for the industry after the high-profile collapses including Terra-Luna and FTX, while others looking to...