FTX
FTX was a leading cryptocurrency exchange specializing in derivatives and leveraged products. Founded in 2018 by MIT graduate Sam Bankman-Fried, it was the world's third-largest exchange as of July 2021. FTX offered a wide range of trading products, including derivatives, options, and spot markets in over 300 cryptocurrency trading pairs. However, in November 2022, FTX filed for Chapter 11 bankruptcy protection, and Bankman-Fried resigned. The bankruptcy filing revealed $8 billion of liabilities and a valuation drop from $32 billion to worthless. Bankman-Fried was indicted on charges of fraud, conspiracy, and money laundering, facing up to 115 years in jail if convicted.
FTX Completes $420M Series B-1 Funding Round at $25B Valuation
FTX Derivatives Exchange has completed a $420.69 million Series B-1 funding with participation from top investors.
Crypto Exchange FTX Relocates its HQ to the Bahamas from Hong Kong
Digital assets derivatives exchange FTX reportedly has relocated their headquarter to Nassau, the Bahamas, from Hong Kong, citing fewer regulation restrictions on the island nation.
FTX Cryptocurrency Exchange Launches a Marketplace for Selling and Buying NFTs
FTX has launched a marketplace for non-fungible tokens. The development paves the way for users globally to seamlessly create, sell, and buy NFTs on the exchange.
FTX CEO Spends 5 Hours per day to Deal with Regulatory Issues
FTX CEO Sam Bankman-Fried revealed he spends five hours a day to deal with regulatory and licensing of cryptocurrencies issues, according to a CNBC report Monday.
Crypto Exchange FTX Raises $900M in Series B Financing with a Market Cap valued at $18B
The American cryptocurrency exchange giant FTX.COM announced the completion of a $900 million Series B financing dedicated to expanding FTX's international influence, aiming to become the top exchange worldwide within two years.
SushiSwap (SUSHI) Slashes Rewards and Total Value Locked Takes a Plunge—What Does This Say About LPs?
SushiSwap (SUSHI) recently cut its rewards from 1,000 SUSHI tokens per block for liquidity providers, to 100 SUSHI tokens as of Ethereum block 10850000.
FTX’s CEO to Reduce Sushiswap Supply, Analytics Firm Suggests SUSHI’s Price is Overvalued
A few days after receiving control over the Sushiswap protocol, FTX’s CEO Sam Bankman-Fried recently announced his ideas regarding the future of the protocol.
Sushiswap Founder Transferred Control of the Project to FTX's CEO, What's Behind This Event?
Chef Nomi, the founder of decentralized exchange SushiSwap, has tranferred the SushiSwap control to FTX CEO. What's behind the event and Who is Chef Nomi?