April 18th, 2025
FTX (FTT) News - Page 11
Report: Mercedes F1 and MLB Teams Help FTX in Conducting Fraud Vid Deals
By Bhushan Akolkar
November 28th, 2023
The ongoing lawsuit has a complaint against Mercedes F1 that echoes the accusations, asserting that the team prominently featured FTX’s logo on its cars, merchandise, and marketing materials.
Seattle Judge Orders Binance Ex-CEO to Stay within US Jurisdiction Pending His February Sentencing
By Steve Muchoki
November 28th, 2023
With the United States lacking an extradition treaty with the UAE, Seattle Judge Richard Jones ordered that CZ must remain with the country for the time being before he determines where the crypto billionaire is a flight risk.
HTX Restores Services after $30M Hack but Justin Sun’s Platform November Security Breaches Raise More Concerns
By Temitope Olatunji
November 27th, 2023
What has surprised many observers closely monitoring these illicit activities is the recurring association of these hacks with platforms connected to Justin Sun.
Sam Bankman-Fried’s Prison Transition: From Crypto Mogul to Mackerel Trader
By Godfrey Benjamin
November 24th, 2023
Bankman-Fried, who has not yet been sentenced, is awaiting a second trial on charges of campaign finance fraud and bribery of Chinese officials, scheduled for March 28, 2024.
Bitcoin Price Nears $38K as US vs Binance Battle Sparks Bullish Outlook
By Steve Muchoki
November 23rd, 2023
Market experts are convinced the settlement between Binance and the US government is a bullish event for Bitcoin and the altcoin industry with spot ETFs anticipated anytime soon.
Coinbase Takes Spotlight Following Binance’s Regulatory Woes
By Godfrey Benjamin
November 22nd, 2023
Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges.
Crypto Traders Unmoved by Binance’s Guilty Plea, Remain Bullish on Bitcoin
By Mayowa Adebajo
November 22nd, 2023
A high-profile situation that eventually led to CZ leaving his role as CEO of Binance has not distracted traders from their interest in Bitcoin.
Genesis Sues Gemini Seeking Return of $689M in Preferential Transfers
By Temitope Olatunji
November 22nd, 2023
Genesis claims that, as market volatility increased, Gemini made significant withdrawal demands that harmed other creditors.
US FinCEN and OFAC Announces Historical Settlement with Binance Amounting to Over $4.3B
By Steve Muchoki
November 22nd, 2023
As part of the settlement with Binance, FinCEN will impose a five-year monitorship program on the company’s order books despite the fact that the exchange agreed to completely exit the US market.
Binance Gets New CEO Following Sudden Departure of Changpeng Zhao (CZ)
By Steve Muchoki
November 22nd, 2023
New Binance CEO Richard Teng has a rich track record in the financial regulatory environment, having worked in Dubai and Singapore for the past years.
AI Firm Anthropic Reportedly Rejects Merger Offer from OpenAI
By Mayowa Adebajo
November 21st, 2023
OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman.
Backpack Exchange: Ex-Employees of FTX Create New Entity
By Mayowa Adebajo
November 14th, 2023
It might be interesting to note that those running the affairs of Backpack Exchange intend to take a cue from FTX.
FTX Sues Bybit in Attempt to Recover $953M Withdrawn Prior to Chapter 11 Filing
By Mercy Tukiya Mutanya
November 11th, 2023
FTX management has been trying to recover funds from multiple sources including beneficiaries of donations made by the firm and its former CEO Sam Bankman-Fried.
Crypto Renaissance: One Year Since FTX Collapse and 2 Years Since BTC $69K ATH
By Godfrey Benjamin
November 10th, 2023
The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years.
SEC to Greenlight FTX Revival Under Compliance-Driven Leadership
By Chimamanda U. Martha
November 9th, 2023
SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law.