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Dogecoin Took A Pretty Bad Hit When FTX Crisis Unfolded, Here's How Much $100 In Memecoin Would Be Worth If It Recovered To Before That Saga Unfolded
Monday, March 27, 2023 - 3:58am | 382Read More...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...
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Bankrupt FTX's Wild Ride: Creditors Make Bold Move To Cash In On Mysten Labs Stock
Friday, March 24, 2023 - 5:20pm | 457Read More...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...
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$2.2 Billion Gone? FTX Founder Bankman-Fried And Colleagues Receive Massive Sum
Thursday, March 16, 2023 - 12:57pm | 269Read More...Bankrupt cryptocurrency exchange FTX has transferred a whopping $2.2 billion to its founder, Sam Bankman-Fried, and other key employees through various entities. The company's new management revealed that a total of $3.2 billion was paid to Bankman-Fried and his colleagues, according to a...
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Is Grayscale Investments Withholding $9B In Shareholder Value? FTX Debtors Take Legal Action To Unlock It
Monday, March 6, 2023 - 5:33pm | 573Read More...FTX Trading and its affiliated debtors (together, known as FTC Debtors) on Monday announced that one of their debtor affiliates, Alameda Research, filed a lawsuit against Grayscale Investments in the Court of Chancery in the State of Delaware. The FTX Debtors also asserted claims against...
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FTX Faces Massive $2.2B Asset Shortfall In Wallets Associated With FTX.com, FTX.US Exchanges
Thursday, March 2, 2023 - 4:42pm | 521Read More...FTX Trading Ltd. and its affiliated debtors have revealed there are major shortfalls in the fiat bank accounts and digital asset wallets associated with the FTX.com and FTX.US exchanges. The company announced Thursday that it met with the Official Committee of Unsecured Creditors to discuss...
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4 Things Learned From The FTX Collapse
Friday, February 24, 2023 - 10:48am | 1029Read More...The FTX Collapse Analysis On November 8th, 2021 customer withdrawals were frozen on FTX, the world's second-largest cryptocurrency exchange. Shortly thereafter, the company filed for chapter 11 bankruptcy. Sam Bankman-Fried, founder and CEO of the exchange, was arrested by authorities in the...
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Former FTX Engineer Nishad Singh In Talks To Plead Guilty To US Criminal Charges
Friday, February 17, 2023 - 5:38pm | 445Read More...Nishad Singh, a former member of the inner circle of crypto exchange FTX (CRYPTO: FTT) co-founder Sam Bankman-Fried, is reportedly in talks to plead guilty to criminal charges related to alleged multiyear fraud at FTX. Quoting sources familiar with the matter, Bloomberg reported Singh had...
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Alameda Research Wallets Reactivate, Transfer Millions In FTX Tokens, Sparking Community Concern
Wednesday, February 8, 2023 - 2:46pm | 614Read More...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...
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Dispute Over Sam Bankman-Fried's Bail Conditions Resolved Between Crypto Mogul And Prosecutors: Report
Monday, February 6, 2023 - 6:10pm | 338Read More...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,...
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Bankman-Fried's Lawyers Say Car Drove Into Barricade Outside Parent's House, Ask For Bail Secrecy: Report
Sunday, January 22, 2023 - 7:47pm | 456Read More...Three men in a car recently drove into a metal barricade outside the house of FTX co-founder Samuel Bankman-Fried's parents, according to court documents filed by lawyers. The lawyers wrote, “When the security guard on duty confronted them, the men said something to the effect of: ‘...
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Another Crypto Firm Collapses: Genesis Prepares To File For Bankruptcy
Wednesday, January 18, 2023 - 4:28pm | 358Read More...Beleaguered crypto lender Genesis Global Capital, the cryptocurrency lending unit of Digital Currency Group (DCG), could file for bankruptcy as soon as this week, according to Bloomberg. What Happened: Genesis fell into a liquidity crunch, and halted redemptions shortly after revealing on Nov. 10...
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FTX Scandal: Media Companies Push For Public Disclosure Of Former CEO Sam Bankman-Fried's $250M Bond Co-Signers
Friday, January 13, 2023 - 10:15am | 386Read More...Eight major media companies, including The Associated Press, Bloomberg, Reuters and Dow Jones, have made a request to the Southern District of New York court to release the names and identifying information of the two individuals who guaranteed the $250-million bond for former CEO of FTX,...
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FTX Insider Seeks Deal: Will This Further Isolate Sam Bankman-Fried In Fraud Case?
Tuesday, January 10, 2023 - 12:51pm | 443Read More...The former head of engineering at cryptocurrency exchange FTX has met with federal prosecutors in an attempt to join two other members of former CEO Sam Bankman-Fried's inner circle in seeking a cooperation deal in the fraud case related to the collapse of the exchange. According to Bloomberg...
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Bitcoin Daily Transfer Volume Shrinks To Pre-Bull 2020 Levels After FTX-Led Surge
Tuesday, January 10, 2023 - 1:58am | 331Read More...The on-chain activity for Bitcoin (CRYPTO: BTC) witnessed a short-term burst of new addresses in the wake of the FTX fiasco but has since cooled off significantly. What Happened: According to Glassnode insights, the monthly average of new BTC addresses is now leveling out to the yearly average...
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Voyager Fights For Binance.US Deal Amid Objections From Regulators, Alameda Research
Monday, January 9, 2023 - 12:34pm | 391Read More...Voyager is defending its intention to sell $1 billion worth of assets to Binance.US. The cryptocurrency lender called objections to the deal "hypocrisy and chutzpah based on unverified speculation,” according to legal documents. Alameda Research, the trading division of insolvent...
















