FTX to Sell Off Digital Custody at a Very Steep Markdown
After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that plan is now scrapped, and the…
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SIM Swappers Charged Over $400 Million FTX Hack Amid Bankcuptcy Filing
In a court case that happened recently – and whose transcripts were made available today – the identities of those behind the $400 million FTX exploit that took place shortly…
Larry David Expresses Regret Over FTX Ad Amid Founder’s Fraud Conviction
The popular actor and comedian Larry David has expressed remorse over participating in a high-profile 2022 Super Bowl commercial for the now-fallen cryptocurrency exchange FTX. Notably, Sam Bankman Fried, the…
FTX Bankruptcy Says Customers Will Get 100% Of Their Money Back
Defunct crypto exchange FTX expects to pay its customers and creditors back “in full” after the company’s collapse over a year ago left counterparties billions of dollars in the hole.…
FTX Responsible For Nearly $1 Billion Of GBTC Outflows: Report
Defunct crypto exchange FTX may be behind a tsunami of outflows from the Grayscale Bitcoin Trust (GBTC) this month – and by extension, may have caused a significant downturn in…
SBF’s Parents Fight FTX’s Clawback Attempt
Joseph Bankman and Barbara Fried were always close to their son. A certain amount of interest in the well-being of their son and that of his business dealings is to…
Celsius Executes $125 Million Transfer to Crypto Exchanges in Repayment Drive
Bankrupt lending firm Celsius has transferred over $125 million worth of its Ether to crypto exchanges in the past week as part of its initiative to repay creditors. The move…
Amid Solana’s Hot Streak, FTX and Alameda’s 73% Locked SOL Stash Ignites Market Speculation
Solana’s native – SOL – token has been on an absolute tear this month. After flipping XRP, it briefly surpassed BNB before settling as the fifth-largest crypto asset. Over the…
FTX Files Amended Plan to Pay Creditors Amid Soaring Legal Expenses
On Dec. 18, it was reported that FTX had filed its latest proposal to return billions of dollars to its customers and creditors. Moreover, the plan did not indicate whether…
SBF’s Lawyer Reveals FTX Trial Defense Struggles and Frustrations
The legal defense head, David Mills, representing Sam Bankman-Fried in the FTX fraud trial, has openly expressed frustration and disappointment, labeling SBF as the most challenging witness he has encountered.…
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