FTX

"Rich Dad, Poor Dad" author Robert Kiyosaki said in December 2022 that "Shark Tank" star Kevin O’Leary does not look so “wonderful after being a spokesman for Sam Bankman-Fried" who paid him a whopping $15 million.  ...

Dubai is intensifying its examination of cryptocurrency license applicants, such as Binance (CRYPTO: BNB), in light of last year's FTX (CRYPTO: FTT) bankruptcy, demanding more details from companies seeking permits, according to a report. Dubai's Virtual Assets Regulatory Authority (...

Open Exchange (OPNX), a crypto-focused exchange that offers to trade claims of bankrupt cryptocurrency companies, has officially launched, according to a tweet by CEO Leslie Lamb. OPNX provides a platform for trading claims related to crypto exchange bankruptcies, with a claimed market value of $20...

Cryptocurrency exchange Binance (CRYPTO: BNB) lost 16% of its market share of trade volume in recent weeks. The loss follows the decision to end its zero-fee trading program and a lawsuit by the Commodity Futures Trading Commission (CFTC). Despite the decline, Kaiko reports that Binance remains...

Despite Bitcoin's (CRYPTO: BTC) recent price recovery — crossing the 29,000 mark earlier this week — the cryptocurrency market is still facing challenges. One major issue is the low liquidity risk that was exposed due to the closure of Silvergate's (NYSE: SI) SEN...

Sam Bankman-Fried, the founder and former CEO of FTX, pleaded not guilty to charges of attempted bribery and campaign finance violations during a court appearance on Thursday. The charges were revealed in two recent superseding indictments, with the bribery charge being unveiled on Tuesday. The...

U.S. prosecutors and lawyers are allowing FTX founder and former CEO Sam Bankman-Fried access to a limited number of websites on a specially configured laptop. Among the approved sites are Amazon, the Wall Street Journal, the New York Times, Decrypt, CoinDesk, Netflix, Spotify, DoorDash, Uber Eats...

It's "unfair" and "inequitable" for former FTX CEO Sam Bankman-Fried to use the cryptocurrency company's $10 million insurance policy to pay his legal bills, lawyers say. Bankman-Fried, who is under investigation, has requested a court order that would allow him to...

According to a court filing on Tuesday, a Delaware bankruptcy judge has given the go-ahead for Abu Dhabi's investment arm to acquire FTX's assets in Sequoia Capital Fund for $45 million. The sale to Al Nawwar Investments RSC Limited satisfies the restrictions set by U.S. bankruptcy law,...

Last November, Sen. Elizabeth Warren (D-Mass.) said the fallout of cryptocurrency exchange FTX (CRYPTO: FTT) showed a dire need for stringent regulations to protect consumers. What Happened: Warren cited a Wall Street Journal report on the Security Exchange Commission launching a...

Attorneys representing FTX founder Sam Bankman-Fried have reached a consensus on updated bail terms with U.S. prosecutors, as disclosed in legal documents filed on Monday. District Judge Lewis Kaplan of the Southern District of New York is set to review the proposed conditions, which include...

U.S. prosecutors on Tuesday revealed a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to bribe Chinese government officials with $40 million in payments. Bankman-Fried directed the payment to unfreeze accounts belonging...

Dogecoin (CRYPTO: DOGE) was not been spared in the crisis that has enveloped cryptocurrencies in the wake of the liquidity crunch facing Sam Bankman-Fried-led firms FTX and Alameda Research in November 2022. The troubles at the beleaguered cryptocurrency exchange, FTX, intensified after Binance...

Creditors of the collapsed cryptocurrency exchange FTX have approved a proposal to sell its preferred stock in Mysten Labs, the developer of the Sui blockchain. A March 22 document filed with the U.S. Bankruptcy Court in the District of Delaware outlines a proposed arrangement between FTX creditors...

Cryptocurrency exchange FTX is seeking to strip its Bahamas-based subsidiary, FTX Digital Markets (FTX DM), of any claim over the company's assets. In a legal filing made on March 19, FTX accused the Bahamas authorities of aiding founder Sam Bankman-Fried in his attempts to evade justice. The...