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From $10M to $500K: FTX Slashes Digital Custody Unit Price in Post-Collapse Sale
13.2.2024
Now-defunct crypto exchange FTX is set to sell one of its Digital Custody Inc. (DCI) unit for a fraction of its original price. DCI, which was purchased by FTX for $10 million in August 2022, will now be sold to the token sale platform CoinList for a mere $500,000. Initially, FTX acquired DCI...
FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse
12.2.2024
The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList
FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings
11.2.2024
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 District of Delaware, details the proposed sale...
CoinList to Acquire FTX’s Digital Custody Subsidiary in Cut-Price Deal
11.2.2024
The FTX Debtors estate, under the leadership of CEO John Ray III, has initiated the process of selling Digital Custody Inc. (DCI) to CoinList. FTX had previously acquired the subsidiary in two separate transactions, one in December 2021 and the other in August 2022, for a total of $10 million....
US Prosecutors Call for Hearing Amid Potential Conflict of Interests in Alex Mashinsky and SBF Cases
8.2.2024
The US government raised concerns about potential conflicts of interest in the ongoing criminal cases of FTX and Celsius Network founders Sam Bankman-Fried and Alex Mashinsky on February 6. The area of concern surrounds the legal representatives handling both cases. In a court filing, the...
FTX-linked Farmington State Bank Cleared from Federal Reserve Enforcement Action
6.2.2024
The Federal Reserve terminated an enforcement action with Farmington State Bank on February 6, announcing that the FTX-affiliated bank had “completed its wind-down plan and no longer functions as a bank.” “The Board’s enforcement action, which has been in effect since July 2023, ensured the bank’s...
Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source
5.2.2024
Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties
FTX Seeks to Sell 8% Stake in Anthropic for Sake of 'Shareholders'
5.2.2024
Court filings show the crypto estate wants to agree procedures so that it can sell the shares at the "optimal" time
FTX Estate to Monetize AI Investment, Seeks Sale of Anthropic Shares Amid Bankruptcy Proceedings
5.2.2024
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 approximately $1.47 billion to upwards of $2.4 billion,...
FTX Seeks Exit from Anthropic Holdings, Proposes Entire 8% Stake Sale
4.2.2024
Bankrupt cryptocurrency exchange FTX is seeking approval to sell its 8% stake in AI startup Anthropic Holdings. The motion, filed by FTX’s current CEO, John Ray III, requests permission to sell the stake and proposes two possible procedures, including an auction or a private sale. FTX aims...
DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX
4.2.2024
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 Bankman-Fried was the mastermind behind the hack....
Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’
3.2.2024
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 bankruptcy. Larry David Admits Regret Over FTX Super...
Supreme Court Ruling Bolsters Australian FTX Creditors’ Prospects for Full Recovery
2.2.2024
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 recovered. Australian investors with...
U.S. Government Charges Trio Responsible for FTX’s Missing $400 Million, Cite FTX SIM Swap Attack
2.2.2024
New D.C. court filings from January 24 revealed that three people have been charged with stealing more than $400 million worth of digital currency from FTX in a November 2022 FTX SIM-swapping attack. A Years-long FTX SIM Swap Scheme Robert Powell, Carter Rohn, and Emily Hernandez have all been...
Lawyer Says FTX Has Abandoned Revival Efforts, Judge Certifies Controversial Reimbursement Plan
2.2.2024
The collapsed cryptocurrency exchange FTX will not be proceeding with efforts to resume operations because none of the prospective suitors has pledged to invest the needed capital, the company’s attorney has said. A U.S. Bankruptcy Court judge has said FTX’s proposal to reimburse...
Comedy Icon Larry David Says He Was an ‘Idiot’ For Taking Part in FTX Super Bowl Ad
2.2.2024
Renowned comedian Larry David has expressed regret over his decision to star in a Super Bowl commercial for the now-bankrupt cryptocurrency exchange FTX. The FTX ad aired during Super Bowl LVI. Speaking during the final season premiere of “Curb Your Enthusiasm,” the hit show in which...
FTX Hack Mystery Possibly Solved: U.S. Charges Trio With Theft, Including Infamous Attack on Crypto Exchange
1.2.2024
The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was
That FTX Super Bowl Ad? 'Like an Idiot, I Did It,' Larry David Says
1.2.2024
Sam Bankman-Fried's cryptocurrency exchange infamously collapsed months after the commercial
FTX Commits to Full Customer Repayment, Scraps Exchange Restart – Here’s the Latest
31.1.2024
During a bankruptcy court hearing in Delaware on January 31st, FTX attorney Andy Dietderich revealed that the company had been engaged in negotiations with potential bidders and investors since October 2023, but none were willing to contribute sufficient funds to rebuild the FTX exchange. FTX...
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
31.1.2024
Its FTT token surged nearly 11% after the news