USDT Adoption Surges: Outpaces Bitcoin and Nears Ethereum in Wallet Count
USDT emerged as a leading digital asset in Q4 2024, with 109 million on-chain wallets holding it, more than double the number for Bitcoin and nearing the 128 million wallets…
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US Government Transfers $33M in ETH, BUSD, and SHIB, Seized From FTX
On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such…
Here’s When FTX Expects to Start Repaying Customers $16.5B
FTX Trading Ltd and its affiliated debtors have announced that they are nearing the completion of key steps to implement their court-approved Chapter 11 reorganization plan. Once finalized, the plan…
Ex-Alameda Co-CEO to Surrender Yacht and Apartments to FTX Debtors
Sam Trabucco, the former co-CEO of Alameda Research and a close associate of FTX founder Sam Bankman-Fried, has reached a preliminary settlement with the creditors of the now-defunct cryptocurrency exchange.…
Alameda Research Files Lawsuit Against Waves Founder Ivanov to Recover $90M
Alameda Research, the trading arm of the bankrupt crypto exchange FTX, has filed a lawsuit against Aleksandr Ivanov, the founder of the Waves blockchain and its related entities. The court…
FTX Sues Binance and Former CEO Changpeng Zhao, Seeks $1.8 Billion: Report
The once-giant cryptocurrency exchange that went under just over two years ago, FTX, continues with its effort to claw back substantial funds from former investors. In its latest action, the…
FTX Co-Founder Gary Wang Appeals for Leniency Ahead of Sentencing: Report
Gary Wang, the co-founder of the now-bankrupt cryptocurrency exchange FTX, is seeking to avoid prison time as he awaits sentencing scheduled for November 20 in Manhattan federal court. He has…
These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse
The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges…
Former FTX’s Head of Engineering Nishad Singh Dodges Prison
Nishad Singh, the former FTX head of engineering, was sentenced to time served and three years of supervised release. He avoided further prison for his role in the multibillion-dollar fraud…
FTX Agrees to $228 Million Settlement in Bybit Legal Dispute
FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected…