FTX

The US Internal Revenue Service (IRS) has submitted claims totaling almost $44 billion against the estate of the now-defunct cryptocurrency exchange FTX (CRYPTO: FTT) and its associated companies. Bankruptcy documents filed on April 27 and April 28 indicate that the IRS presented 45 claims...

Late last year, FTX, then one of the world's largest cryptocurrency exchanges, collapsed and filed for bankruptcy, leaving customers to furiously wondering what happened to their deposits.  In a series of interviews shortly after the downfall, former FTX CEO Sam Bankman-Fried said he wasn...

Late Monday, Sam Bankman-Fried, the co-founder of cryptocurrency exchange FTX (CRYPTO: FTT), filed pretrial motions to dismiss the majority of charges he is facing.  Set to go on trial this fall, Bankman-Fried faces more than a dozen charges, including wire, securities and...

A recent survey by Goldman Sachs' institutional family office investors reveals a significant decline in interest in cryptocurrencies among the wealthy elite, largely due to the extreme market volatility witnessed over the past year. According to the survey, the percentage of family...

Retired basketball player Shaquille O’Neal is contesting a lawsuit that alleges he duped investors into investing in the FTX cryptocurrency exchange.  What Happened: O’Neal’s attorneys claim the documents were not properly served, as the plaintiffs’ lawyers threw them at the...

FTX Group is attempting to recover nearly $3.9 billion in funds, consisting of cash and cryptocurrency, from the insolvent digital asset lender Genesis Global Capital LLC and its solvent affiliate, GGC International Ltd. The funds in question are linked to $1.8 billion in loans and $273 million in...

Shark Tank star Kevin O’Leary took a dig at Taylor Swift, suggesting that the only reason she did not take the $100 million deal with FTX was because the exchange "blew up first."  But, according to the Financial Times, FTX was in talks with the pop star months before the exchange's...

The Securities Commission of the Bahamas announced plans to strengthen its cryptocurrency laws in response to the collapse of cryptocurrency exchange FTX (CRYPTO: FTT), which had its headquarters in the Caribbean nation. The new bill will introduce measures on stablecoins, proof-of-work mining...

Talk show host John Oliver has shared commentary on Jim Cramer previously and held nothing back when discussing the CNBC host's past comments about cryptocurrency and FTX co-founder Sam Bankman-Fried. What Happened: During an episode of “Last Week Tonight with John Oliver,” the...

Cryptocurrency exchange FTX (CRYPTO: FTT) has agreed to sell its crypto-derivatives platform, LedgerX, to the owner of Miami International Securities Exchange (MIAX) for about $50 million. The sale of LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s former empire, will give...

Five months after the collapse of crypto exchange giant FTX drew the world's attention to the Bahamas, the island nation is proposing tougher regulations to govern digital asset firms.  The Securities Commission of the Bahamas, the country's financial regulator, opened a consultation...

Meme coin Shiba Inu (CRYPTO: SHIB) is currently witnessing a significant drop in trading volume, hitting a low not seen in four months after struggling to build momentum from a local support level reached a few days ago. This stagnation in trading activity may be due to the general inactivity in...

The aftershock of the bankruptcy of cryptocurrency platform FTX isn’t done affecting Voyager Digital Ord Shs (OTC: VYGVQ). What Happened: The beleaguered crypto brokerage took another blow on Tuesday, saying on Twitter that Binance has decided to pull out of its agreement to acquire the...

Writer and producer John Oliver, on Sunday, addressed the state of cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in his show “Last Week Tonight.“ What Happened: The focus this time was on the series of high-profile and expensive busts in the sector,...

"BitBoy Crypto" YouTube influencer Ben Armstrong told a federal court on Monday that a tweet he posted from the Bahamas last week had been a joke and should not be considered as harassment or a threat. A judge told him to be careful.  Armstrong, who's among the influencers named...