News about FTX

News about Ftx

Recently launched Backpack Exchange run by former FTX execs smashes into the Top 10 centralized exchanges with an almost miraculous $1B in 24-hour volume

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FTX Exchange Saga: Law Firm Handling Bankruptcy Accused Of Complicity In Fraud

In an interesting development, FTX creditors have launched a class action lawsuit against Sullivan and Cromwell (S&C), the law firm that is currently responsible for handling the bankruptcy proceedings of the defunct exchange. In a petition submi...

FTX customers will all be reimbursed. What is the effect on markets?

Bankruptcy lawyers for the FTX estate said last week that they expect to pay back all customers. Many thousands of customers (reportedly up to a million) who collectively lost billions of dollars in FTX’s collapse 15 months ago . Last September, the...

Larry David Calls Himself an 'Idiot' for Doing Infamous FTX Super Bowl Ad

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Exiting SBF's Shadow: How Can Sun is Leveraging FTX's Failures at Backpack Exchange

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FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings

FTX Trading Ltd. and its affiliates have announced a plan to sell a subsidiary it acquired for $10 million to Coinlist for $500,000, court documents filed on Feb. 9, 2024 show. The latest motion, filed in the United States Bankruptcy Court for the Di...

As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: full repayment

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Is There A Link Between FTX And Celsius Network? Prosecutors Probe Founders’ Lawyers

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Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank

The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmingto...

Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank

The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts. (Read More)

Federal Reserve ends enforcement action against FTX-linked Farmington Bank

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American SIM Card Gang Charged With Stealing $400 Million From FTX

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FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments. (Read More)

FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings

In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximatel...

FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings

FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from the sale. The move is part of FTX's broader strategy to manage its financial recovery post-collapse, with t...

DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX

The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam B...

RIP FTX Customers

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Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’

At the premiere of “Curb Your Enthusiasm’s” final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange’s bank...

FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange

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FTX Faces Lawsuit From Creditors Challenging $16,000 Bitcoin Repayment Plan

A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s. The proposed plan of the defunct exchange wo...

Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery

The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million...

FTX to refund Bitcoin to customers at prices below $18,000