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Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF
15.4.2024
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn't been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley...
LedgerX highlights CFTC regulatory gap in customer asset rules
4.11.2023
The new CFTC proposal enhances rules for FCMs and DCOs, mandating high liquidity in customer fund investments
Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner
3.11.2023
The U.S. Commodity Futures Trading Commission (CFTC) proposed a rule change Friday on how customer funds should be invested by firms the agency oversees – futures commission merchants (FCMs) and derivative clearing organizations (DCOs)
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
5.10.2023
The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed
MIAX completes acquisition of FTX subsidiary LedgerX
19.5.2023
The deal was announced in April and approved by the bankruptcy judge on May 4
Ledger’s Hard Lesson: Being Right Isn't Good Enough
19.5.2023
Public communication doesn’t work like computer code. The French hardware wallet maker learned that the hard way
FTX bankruptcy judge approves sale of LedgerX
4.5.2023
The judge said he read all the papers and declarations related to the FTX debtors' motion for the sale of LedgerX and was “satisfied” with the proceedings
FTX sells LedgerX for $50M to affiliate of Miami-based exchange holding company
25.4.2023
The futures and options exchange was purchased by FTX.US in 2021 to expand its spot trading services. Three other FTX assets remain up for sale
FTX's LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction
25.4.2023
FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
2.3.2023
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S....
CFTC's Johnson urges Congress for expanded powers in crypto oversight
27.1.2023
Johnson wants to protect customers in a way that reduces the risk of crises, and proposes a number of amendments to existing crypto regulation
FTX allowed by bankruptcy judge to sell LedgerX, other assets
13.1.2023
The FTX assets that will be sold include the derivatives platform LedgerX, the stock-clearing platform Embed, and its regional arms FTX Japan and FTX Europe
FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge
13.1.2023
The collapsed exchange is looking to sell off its more separable and solvent assets as it seeks to repay creditors
FTX subsidiaries on auction block including LedgerX attract 117 interested buyers
10.1.2023
Four businesses up for sale as part of bankruptcy proceedings include Embed, LedgerX, FTX Japan and FTX Europe
FTX wants permission to sell FTX Japan and FTX Europe as well as LedgerX
16.12.2022
The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process
Embattled Crypto Firm FTX Wants to Sell Its Functioning Units, Including LedgerX
16.12.2022
Crypto exchange FTX petitioned a federal court for permission to sell several subsidiaries on Thursday, including U.S.-based derivatives wing LedgerX
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
2.12.2022
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity...
Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse
1.12.2022
"The customer property at LedgerX — the CFTC regulated entity — has remained exactly where it should be, segregated and secure," said Rostin Behnam in a hearing on FTX's failures
LedgerX to Make $175M Available for FTX Bankruptcy Proceedings: Bloomberg
30.11.2022
FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company's bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter
CFTC Has ‘Boots on the Ground’ at FTX Subsidiary LedgerX
17.11.2022
Kristin N. Johnson said that the regulator is monitoring crypto clearinghouse LedgerX on a “daily if not hourly basis”