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FTX Bankruptcy Team Sues Crypto Exchange Bybit for $1 Billion – What’s Going On?
12.11.2023
Source: Adobe / Ascannio FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies. The lawsuit aims to recover approximately $953 million worth of cash and digital assets that were withdrawn from Sam Bankman-Fried‘s...
Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds
4.8.2023
New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research. Social Media Bots...
FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy
3.8.2023
FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...
FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor
21.6.2023
The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.”
FTX Exchange Objects to Prolonged Mediation Talks with Bankrupt Genesis – Here's the Latest
3.6.2023
FTX and its affiliates have objected to extending court-mediated settlement talks for bankrupt crypto lender Genesis.
In a recent court filing, FTX said it had not been invited to a court-appointed mediation in May that involved Genesis, its parent company Digital Currency Group, and creditor...
FTX Exchange's Revival Plan Attracts Potential Bid from Tribe Capital – Will Sam Bankman-Fried Be Involved?
19.4.2023
An effort to revive collapsed crypto exchange FTX has drawn interest from Tribe Capital, a venture firm seeking to lead a $250 million fundraising campaign for the new platform.
According to a Tuesday report from Bloomberg, Tribe is considering injecting new capital to reboot FTX. The VC firm...
$200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened
21.2.2023
Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets.
The hedge fund confirmed the news in a Twitter thread on Monday where it said “it is true that our flagship fund is shutting down.”...
Hedge fund closes operations after losing funds in FTX exchange: Report
20.2.2023
Galois Capital will return 90 percent of the funds that are available to investors and will hold on to the remaining 10 percent temporarily
Bitmex Co-Founder Criticizes Former FTX CEO for Not Liquidating Hedge Fund Alameda
14.1.2023
The Bitmex co-founder, Arthur Hayes, criticized Sam Bankman-Fried, the disgraced FTX co-founder, on Friday after Bankman-Fried published his first blog post on his new Substack newsletter. “All this talk about what Alameda did is misdirection,” Hayes insisted. “It doesn’t matter how they hedged...
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
Onchain Sleuths Discover Funds Linked to Alameda Swapped for ETH, USDT, BTC by a Mysterious Entity
28.12.2022
On Dec. 27, 2022, a number of onchain researchers noticed that funds connected to Alameda Research and FTX have moved and have been swapped for other tokens. Reports show the hacker known as the ‘FTX Accounts Drainer,’ traded large sums of ERC20 tokens for digital assets like tether...
FTX Token Price Prediction - FTT Pumps as CNBC Suggests FTX Exchange Relaunch
9.12.2022
FTX Token price prediction appears to be turning bullish, as FTT has risen more than 30% in less than 24 hours after CNBC suggests relaunching the FTX exchange. To relaunch FTX and issue new FTT tokens was something that SBF thought would be "a productive path for parties to explore."
On Friday...
Newlyweds lose funds in FTX exchange a day after their wedding
8.12.2022
“We could not sleep properly for a few days,” said Jaime Zulueta, as he told Cointelegraph the story of how he and his wife dealt with losing their funds at FTX
Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market
5.12.2022
On-chain analysis highlights a slow down in selling and improving investor sentiment which could help BTC price recover
Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page & User Self-audit Tool
5.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page...
Today in Crypto: FTX Resumes Employee Salaries, Huobi Partners with Tron & DMC on Dominica Coin, Ukrainian & Indian CBDCs
29.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: FTX Resumes Employee Salaries, Huobi Partners with Tron & DMC on Dominica Coin, Ukrainian & Indian CBDCs
Crypto Self-Custodying Offers Protection Amid FTX Exchange Fallout
24.11.2022
Huge losses of funds at FTX have shaken the trust of crypto investors, but private keys and crypto wallets can protect investors from fraud and mismanagement
FTX exchange suffers $59M loss due to hacking
21.11.2022
The cryptocurrency exchange FTX has suffered a loss of above $59 million as the hacker offloaded several millions of dollars resulting in a further drop in the cryptocurrency. The hacker behind this loss had transferred 50,000 ETH from one of the wallets to another address. The hacker had then...
Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect
18.11.2022
An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino effect that led to the company’s implosion. The study...
2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
15.11.2022
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender...