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FTX Proposes Rebooting Exchange for Offshore Customers in Bankruptcy Plan, FTT Token Holders Left Empty-Handed
2.8.2023
The bankrupt crypto exchange FTX’s new management has proposed to reboot the exchange for offshore customers only, but holders of the FTT token would not benefit from the plan.
In a recent filing, FTX’s management proposed to group the various creditors into different classes as a way for them...
FTX Unveils Reboot Plan for New Offshore Exchange under New Leadership
2.8.2023
On July 31st, under its new CEO, John J. Ray III, the bankrupt cryptocurrency exchange FTX Trading Ltd. submitted a draft plan to "reboot" the collapsed crypto exchange.
The proposal was unveiled on Monday, presenting FTX.com claimants with the option to hold equity securities, tokens, or other...
FTT Price Pumps, Dumps as FTX Claims Portal Opens, Then Becomes Unavailable
12.7.2023
FTT saw a massive 26% pump from the $1.40s to the $1.80 area on Tuesday in a matter of minutes, before pulling back under $1.60 on Wednesday.
FTT is the utility token of the now defunct cryptocurrency exchange FTX that is currently going through a lengthy, arduous bankruptcy process in wake of...
Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges
29.6.2023
FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could...
Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal
23.5.2023
Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.” FTX’s Revival Prospects Surface...
FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange
13.4.2023
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s...
Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
12.4.2023
FTT jumped as much as 36%
FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital
23.3.2023
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash
What is JOMO in crypto trading?
14.3.2023
JOMO is that "I-was-right-about-the-market" joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses
FTX Debtors Report $8.9B Shortfall in Customer Funds and ‘Highly Commingled’ Assets in Latest Presentation
3.3.2023
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total...
5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter
26.2.2023
2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also...
Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase
15.2.2023
A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating...
Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi
22.1.2023
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some...
2023’s Crypto Gainers: Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week
17.1.2023
The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin...
FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges
11.1.2023
As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that...
New Revelation: FTX’s Acquisition of Blockfolio Paid in FTT Tokens Which are Now Virtually Worthless – Here’s What You Need to Know
23.12.2022
When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed.
According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of...
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security
22.12.2022
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission...
FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds
22.12.2022
On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that both Ellison and Wang have been cooperating with...
FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume
20.12.2022
Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec. 19, as the token suddenly...
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme
10.12.2022
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed...