FTX

The crypto community was taken by surprise Tuesday when wallets associated with the now-bankrupt Alameda Research were once again active, transferring millions of dollars in FTX (CRYPTO: FTT) tokens. The source of these funds and how they were accessed has become a major point of concern...

Law firm Sullivan & Cromwell has charged $7.5 million for their services in the FTX bankruptcy case during a 19-day period in November 2022, according to a recent court filing. This prompted a reaction from various parties including U.S. lawmakers, the executive branch, FTX founder...

Huobi Global founder H.E. Justin Sun said 18 million FTX Users Debt (FUD) tokens have now been fully burned, resulting in a tenfold return for all holders. What Happened: After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD tokens (amounting to 90% of...

Fans watching Super Bowl LVII on Feb. 12 will not be exposed to any advertising campaigns from crypto companies.  What Happened: Four potential commercial deals with crypto firms for the 2023 Super Bowl, totaling approximately $6 to $7 million, had been in the works until their untimely end...

News came out that Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) unit Google is investing $300 million in a company that could be considered a rival to ChatGPT. The investment could see Google positioning itself in the artificial intelligence race, but it might also come with some baggage. What...

Sam Bankman-Fried and U.S. prosecutors have come to an agreement regarding the conditions of his bail, according to a statement made by his legal representative on Monday, Reuters reported. This was after the judge, who was overseeing Bankman-Fried's criminal fraud case in Manhattan,...

Cryptocurrency exchange FTX, which was hit by a major hack in November 2022 (estimated at more than $600 million), has sought the help of cybersecurity company Sygnia to secure its environment. John J. Ray III, the new CEO of FTX, revealed the situation during bankruptcy court proceedings...

FTX has urged all political candidates and organizations who have received donations from its former CEO Sam Bankman-Fried and other executives to return these funds before the end of February. What Happened: In a press release, FTX said it is sending confidential notices to political figures,...

H.E. Justin Sun, the founder of crypto exchange Huobi Global, has officially endorsed Debt DAO, a project that is issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors.  What Happened: Huobi listed the FUD token for trading on Sunday. The exchange will enable...

Emergent Fidelity Technologies, the offshore entity that holds 55 million shares of Robinhood Markets Inc (NASDAQ: HOOD), filed for bankruptcy on Friday, as multiple parties try to claim ownership of the stock, Bloomberg reported. The value of the Robinhood shares is estimated to be over $590...

Indian billionaire Gautam Adani has seen his wealth tumble in 2023 on the heels of a short report from Hindenburg Research. Here’s a look at his current wealth and how his loss compares to several other notable billionaires in recent history. What Happened: Short seller Hindenburg Research...

The U.S. Trustee, a branch of the Department of Justice responsible for bankruptcy cases, has opposed proposals to subpoena Sam Bankman-Fried, founder of the bankrupt crypto exchange FTX, along with his family and senior staff. The plans are set to be discussed at a hearing on Wednesday. However,...

A documentary is reportedly being made on the contentious relationship between Sam Bankman-Fried and Changpeng Zhao, founder of Binance, which will trace the events that led up to the downfall of FTX. What Happened: According to The Hollywood Reporter, the...

A new documentary is being created that will delve into the relationship between FTX (CRYPTO: FTT) co-founder Sam Bankman-Fried and Changpeng "CZ" Zhao, the CEO of Binance, according to a report by Hollywood Reporter. The project is being produced by Unrealistic Ideas, Mark Wahlberg...

Tom Brady has announced his retirement from the National Football League after 23 seasons in the league.  Brady previously announced his retirement from the league in February 2022 before deciding one month later that he would return. Brady said in his retirement video on social...