FTX

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...

The U.S. Department of Justice (DOJ) has opened a criminal investigation into the alleged hack that resulted in approximately $372 million being stolen from FTX-controlled wallets on the evening that the Bahamas-based exchange declared bankruptcy. Massive cryptocurrency outflows began on Nov....

As 2022 draws to a close, it is clear that decentralized crypto exchange’s native token GMX (CRYPTO: GMX) is the biggest gainer, surging over 102% and trading at $45, as per Benzinga Pro data. What Happened: Apex crypto Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO:...

Two former executives of Sam Bankman-Fried's crypto-focused companies, Caroline Ellison and Gary Wang, have pleaded guilty to criminal charges related to the collapse of FTX. What Happened: This comes as Bankman-Fried was arrested in the Bahamas last week...

Crypto exchange FTX (CRYPTO: FTT) has sought help from a U.S. bankruptcy court in a dispute over ownership of Robinhood Markets Inc (NASDAQ: HOOD) stock valued at roughly $450 million, according to a petition filed on Thursday. About 56 million shares of the brokerage owned by Emergent Fidelity...

Beleaguered cryptocurrency exchange FTX is attempting to stop BlockFi from claiming more than $440 million worth of shares of Robinhood Markets Inc (NASDAQ: HOOD) purchased by Sam Bankman-Fried. What Happened: FTX said the Robinhood shares in...

A New York federal judge approved a bond agreement prepared by federal prosecutors and Sam Bankman-Fried's attorneys Thursday that will see the FTX founder released on a $250-million bond. Bankman-Fried will need "strict" supervision after being released to his parents'...

The crypto winter will go on for a long time and more stringent regulations are expected in the future, following the failure of FTX. That's according to former Binance CFO Zhou Wei, who left the firm last year. "Basically, we have to all brace ourselves for a pretty long winter in the...

Defunct cryptocurrency exchange FTX (CRYPTO: FTT) used its own exchange token, FTT, to pay for the acquisition of the tracking website Blockfolio in 2020. Around 94% of the $84 million deal was paid for with the FTT tokens that FTX created, according to financial documents, Bloomberg reported...

Sam Bankman-Fried is returning to the U.S. to face criminal charges related to the failure of the FTX (CRYPTO: FTT)  after a judge authorized his extradition from the Bahamas. Bankman-Fried, who has been imprisoned since his arrest last week, has decided not to fight extradition, The Wall...

Australia-based cryptocurrency exchange Swyftx has been compelled to renege on a planned 1.5 billion Australian dollar ($1 billion) merger deal with superannuation fund platform Superhero, The Australian Financial Review reported on Tuesday. The transaction was first disclosed in June by both...

The pro-Democratic Senate Majority Political Action Committee has declared that it will return $3 million in donations made during the 2022 midterm elections by disgraced FTX (CRYPTO: FTT) founder Sam Bankman-Fried and former head of engineering Nishad Singh....

Sam Bankman-Fried, the former CEO of FTX, will reportedly be flown to the United States on Wednesday. The paperwork for the extradition of the disgraced cryptocurrency entrepreneur has been filed with the court, and he will be flown to the U.S. on Wednesday, said Doan Cleare, acting...

The new management team at FTX is attempting to recover hundreds of millions of dollars in cash from hundreds of bank accounts in an effort to salvage the position of the defunct cryptocurrency exchange, according to information provided to creditors on Tuesday The company's new management,...

Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, has consented to his extradition to the U.S. where federal prosecutors have charged him with eight fraud and conspiracy charges. Jerone Roberts, who is representing Bankman-Fried in the Bahamas, announced that his client “has...