April 18th, 2025
FTX (FTT) News - Page 13
Former FTX Boss SBF Testifies in New York Court Presided by Judge Kaplan
By Steve Muchoki
October 27th, 2023
With the jury absent, SBF told the court that the interactions between FTX officials through different messaging channels like Signal were deleted and he never discussed a $13 billion hole with Caroline Ellison.
Bloomberg Publishes New Documentary as Sam Bankman-Fried Prepares for His Stand in FTX Trial
By Bhushan Akolkar
October 26th, 2023
As FTX disgraced founder Sam Bankman-Fried steps to defend himself in the court on Thursday, here’s what has transpired ever since the FTX bankruptcy.
Former FTX Boss Expected to Testify on His Trial, Attorney Confirms
By Steve Muchoki
October 26th, 2023
Sam Bankman-Fried will be pushing to clear his name after his former colleagues made many revelations that could lead to his imprisonment for more than 100 years if the jury finds him guilty.
Crypto Lender BlockFi Begins Shutdown, Asks Clients to Submit Withdrawal Request
By Mayowa Adebajo
October 25th, 2023
BlockFi revealed that it has emerged from bankruptcy court, having received approval for its reorganization plan from all relevant stakeholders.
FTX Eyes December Relaunch but Faces Uphill Battle to Regain Trust
By Temitope Olatunji
October 25th, 2023
While the path forward for FTX remains uncertain, the exchange appears to be taking steps to recover from recent turbulent times.
North America Dominates Global Crypto Market with $1.2T in Value
By Darya Rudz
October 25th, 2023
North America has led the world with 24.4% of global crypto transaction activity which is split relatively evenly between DeFi and centralized exchanges.
FTX SBF’s Trial Reaches Final Stages, What’s Next?
By Bhushan Akolkar
October 23rd, 2023
Bankman-Fried’s legal team, led by Mark Cohen and Christian Everdell, has encountered difficulties in presenting a coherent narrative to the jurors.
Tim Draper Believes ‘AI Is Getting Smarter’, Warns of Crypto Scams Using His AI-Synthesized Voice
By Darya Rudz
October 20th, 2023
Despite the risks of using AI by malicious actors, Tim Draper believes there is no need for governments to take any measures to regulate AI for now.
FTX Diverted Customer Funds to Buyback Stake from Rival Company Binance
By Chimamanda U. Martha
October 19th, 2023
It was disclosed that FTX customers’ money was spent on business investments, political and charity donations, and real estate.
Binance.US Succumbs to SEC’s Plan and Pauses USD Withdrawals in Favor of Stablecoins and Digital Assets
By Steve Muchoki
October 18th, 2023
Binance.US updated its terms of use to inform its customers that the direct withdrawal of USD is unavailable but they can convert to the supported stablecoins or other digital assets to facilitate seamless transfers.
FTX Proposes Returning Up to 90% of Creditor Holdings in Amended Bankruptcy Plan
By Temitope Olatunji
October 17th, 2023
The team overseeing the bankruptcy process has put forward a new plan to distribute the remaining assets to affected creditors. The proposal aims to give creditors back up to 90% of their holdings at the time of FTX’s collapse.
FTX Chief Engineer Reveals Reckless Spending by SBF on Deals and Sponsorships
By Bhushan Akolkar
October 17th, 2023
Former FTX’s head of engineering Nishad Singh spills the beans over reckless expenditure of customers’ funds by Sam Bankman-Fried. He also admits to being part of these crimes.
Former Alameda Research CEO Caroline Ellison Says Sam Bankman-Fried Conspired to Keep Bitcoin Price Below $20K Using Customers’ Funds
By Steve Muchoki
October 12th, 2023
Ellison told the New York court that SBF ordered her to lie about the state of financial statements for Alameda Research to secure more loans against customers’ deposits at FTX.
Regulators in Brazil Accuses Binance of Running Pyramid Scheme
By Bhushan Akolkar
October 11th, 2023
The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after.
Former Alameda Research CEO Says SBF Asked Her to Falsify Figures and Commit Money Laundering Crimes
By Tolu Ajiboye
October 11th, 2023
Ellison, who led Alameda Research, said SBF asked her to commit money laundering and fraud by faking figures submitted to investors.