FTX

Brad Garlinghouse, the CEO of Ripple (CRYPTO: XRP), is cautiously optimistic that the U.S. could gain "breakthrough" regulatory clarity for the cryptocurrency industry in 2023. What Happened: On the first day of the 118th Congress, Garlinghouse shared his vision for 2023 to be the...

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to eight charges in a New York federal court, related to the collapse of his exchange and hedge fund Alameda Research, CNBC reported. The charges include conspiracy to commit wire fraud and securities fraud, individual charges of securities...

FTX founder Sam Bankman-Fried has requested that the identities of two people who will help secure his bail remain confidential. In a letter filed by his lawyers on Tuesday, it was argued that "if the two remaining sureties are publicly identified, they will likely be subjected to probing...

The back-and-forth between FTX's debtors and the Securities Commission of The Bahamas (SCB) is getting ugly. The SCB claims that the debtors have made "material misstatements" in the press and court filings, and also refused to allow the court-supervised joint provisional liquidators...

Cryptocurrency entrepreneur Cameron Winklevoss has accused Barry Silbert, another businessman, of using "bad faith stall tactics" in an attempt to resolve a dispute between their two companies that arose from the collapse of FTX. Winklevoss's company, Gemini Trust Co., had offered...

Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management.  Austin Campbell, the former co-head of...

It's no surprise that 2022 was a turbulent year for global markets. The U.S. stock market plunged over 15%, while bond and crypto markets fell by more than 20% and 50%, respectively, from their peak a year ago to around Christmas. Investors saw significant losses as fears of economic...

Who could forget 2021 and the cryptocurrency craze? It was definitely the “Year of Dogecoin” (CRYPTO: DOGE) for Benzinga readers as the "Top 5 Articles" were about the memecoin. But, as 2022 crept in, multiple crypto industry controversies and failures — Bahamas-...

Customers with trading accounts in defunct cryptocurrency exchange FTX’s Japan subsidiary will be able to withdraw their funds starting in mid-February.  FTX Japan on Thursday released a timeline for the resumption of withdrawals for its customers after initially halting...

FTX founder Sam Bankman-Fried held several meetings with high-ranking White House officials earlier this year, prior to the collapse of his cryptocurrency exchange. These meetings were part of an effort to influence cryptocurrency policy and establish connections in Washington before the...

The Securities Commission of the Bahamas is holding FTX assets worth $3.5 billion, the regulator reportedly said on Thursday. What Happened: The valuation of the assets is based on the pricing at the time of the transfer on a temporary basis in order to deliver them to customers and creditors,...

While crypto leaders, such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), have remained fairly stable over the last month, Solana (CRYPTO: SOL) has continued to lose value — crossing the $10 mark for the first time in nearly two years. According to CoinGecko, Solana reached a low of...

Some 70% of unregulated cryptocurrency exchange transactions are wash trading. That's according to a new study from the National Bureau of Economic Research (NBER). Wash trading, the practice of buying and selling a security for the purpose of creating the appearance of increased trading volume...

Four customers of FTX have filed a class action lawsuit in U.S. Bankruptcy Court for the District of Delaware (where FTX's bankruptcy proceedings are taking place) demanding priority in repayment for the approximately $2 billion in missing customer funds. The customers claim that FTX...

Several crypto coins were exchanged for Bitcoin (CRYPTO: BTC) using Alameda Research wallets, according to on-chain data. Ethereum wallet addresses connected to the defunct trading company Alameda Research exchanged multiple crypto tokens for Ether (CRYPTO: ETH) and USDT (crypto: USDT) on...