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.
Nishad Singh Negotiating Plea Deal in FTX Bankrupt
The co-founder and former chief engineer of insolvent cryptocurrency exchange FTX, Nishad Singh, is reportedly close to a settlement with federal authorities.
FTX Japan Plans to Resume User Withdrawals in February
On Feb. 17, FTX Japan notified impacted customers to verify their account balances to make withdrawals.
The identities of the guarantors who signed on as sureties
Judge Lewis Kaplan approved multiple news outlets' plea to reveal two of Sam Bankman-bail Fried's guarantors, who signed for $200,000 and $500,000.
Silvergate Bank as defendants in a proposed class-action lawsuit from an FTX user
FTX users have suggested a class-action lawsuit against Silvergate Capital Corp., Silvergate Bank, and CEO Alan Lane.
FTX investors file class-action suit against Sequoia
FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer.
Polaris Ventures, a charity created by former FTX and Alameda
Ruairi Donnelly, a former FTX employee, earned $562,000 in FTT tokens at a discount.
U.S. District Judge Kevin Castel Grants Request to Defer civil cases
On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.
FTX's Physical Assets in the Bahamas
FTX Digital's liquidators bought 52 homes, $2.4 million in cars, and 13 storage facilities, according to an affidavit.
Alameda Research's FTX Tokens worth millions transferred
Many think the latest money transfer is part of the bankruptcy process, with officials liquidating funds to repay creditors.
Voyager Digital Subpoenas FTX Executives
Kirkland & Ellis, Voyager Digital's attorneys, subpoenaed FTX co-founders Sam Bankman-Fried and Gary Wang, former Alameda Research CEO Caroline Ellis, and FTX executive Ramnik Arora for DOJ and SEC case papers.
Guarantors of Sam Bankman-Fried's Bail Bond signed off
Sam Bankman-legal Fried's team challenged U.S. District Judge Lewis Kaplan's order to reveal the two secret parties who signed his $250 million bail bond deal.
Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors
Sam Bankman-Fried may still use non-encrypted texting and phone services, save WhatsApp, which he can use under supervision.
Crypto Companies Will Reportedly Have No Presence During Super Bowl LVII
In 2022, major crypto businesses released Super Bowl LVI ads, but at least four 2023 agreements failed to reach the endzone.
FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case
CEO John Ray testified for FTX bankruptcy judge John Dorsey on a request to appoint an independent examiner.
Hodlnaut Seeks to Sell Business
Hodlnaut temporary judicial management are considering several offers to buy its Singapore crypto firm and FTX claims.