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.
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.
FTX seeks to recover political donations made by Sam Bankman-Fried
FTX's new management wants to reclaim Sam Bankman-Fried and other executives' political contributions from February 28.
Property linked to FTX customer funds pulled from market
The seller withdrew a property tied to Sam Bankman-political Fried's expenditures.
Senate Banking Committee to Hold Second Hearing on Crypto Market Crash
The Senate Banking Committee's second hearing of the 118th Congress will discuss digital asset protection.
Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams
FTX alerted consumers about fraudsters stealing account information with promises of asset returns.
Australia's Government is Bolstering Its Market Regulator's Digital Asset
The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
Prosecutors are investigating Silvergate's Alameda accounts.
Everlend Finance, a Solana-based decentralized finance
Solana protocol decentralises finance Closing Everlend Finance.
FTX and Affected Parties Request Subpoenas for Information from close relatives
FTX subpoenas Sam Bankman-Fried and colleagues for bankruptcy proceedings.
Former FTX CEO ordered not to contact current or former employees
Sam Bankman-Fried cannot contact FTX or Alameda personnel or utilise Signal as part of his bail terms.
US senators write to Silvergate Capital for answers on FTX collapse
Senators Elizabeth Warren, Roger Marshall, and John Kennedy stated Silvergate had not adequately addressed its improper management of FTX customer cash.
Charity Commission investigating Effective Ventures Foundation over ties to FTX
The Charity Commission for England and Wales began the probe because crypto exchange FTX is a "major sponsor" of Effective Ventures Foundation.
U.S. District Court Hears Sam Bankman-Fried
Sam Bankman-lawyers Fried's want FTX's money released from bail.