April 18th, 2025
FTX (FTT) News - Page 16
BlockFi Fights against 3AC and FTX’s Claims of Billions of Dollars in Disputed Funds
By Bhushan Akolkar
August 23rd, 2023
3AC stated that BlockFi’s efforts to downsize its claims might infringe upon the bankruptcy protection it received through Chapter 15.
Former FTX Boss SBF Reiterates Non-Guilty Status as He Complains about Living on Bread and Water in Prison
By Steve Muchoki
August 23rd, 2023
As the US regulators tighten the belt on the cryptocurrency industry, legal experts believe SBF attorneys will have a challenging time freeing proving his innocence
Court Grants Sam Bankman-Fried 7 Hours of Freedom Ahead of Criminal Trials
By Mayowa Adebajo
August 22nd, 2023
In his first trial, which begins on October 2, SBF faces at least seven fraud-related charges over his activities at FTX.
Crypto Exchange FTX Adapts New Settlement Approach after Objections from US Trustees
By Chimamanda U. Martha
August 21st, 2023
The US Trustee had initially flagged concerns about disparities within the previous motion.
Sam Bankman-Fried Demands Weekly Release to Prepare for October Trial
By Bhushan Akolkar
August 21st, 2023
The lawyers representing SBF noted that their client would require more time to prepare for the defense case in October.
BitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions
By Bhushan Akolkar
August 17th, 2023
Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations.
SBF Accused of Using $100M for Political Donations in New Indictment
By Godfrey Benjamin
August 15th, 2023
Prior to the fall of FTX in November 2022, SBF stated that he intended to donate between $100 million and $1 billion to political campaigns influencing the 2024 elections.
Former FTX Exec Salame Reportedly Negotiating Plea Deal with Federal Prosecutors
By Tolu Ajiboye
August 9th, 2023
Salame has not yet made an official plea, and is expected to enter a plea deal with prosecutors, which could improve their case against FTX.
US Prosecutors to Weigh on SBF’s Alleged Campaign Financing Scheme in Next Trial
By Bhushan Akolkar
August 9th, 2023
Amid the arrangement with the Bahamian government, the DoJ couldn’t add further charges on SBF. However, it still plans to look at the alleged campaign finance scheme.
Bitstamp to Expand Derivatives Trading in Europe amid Fundraise
By Bhushan Akolkar
August 8th, 2023
Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year.
Saudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio
By Tolu Ajiboye
August 7th, 2023
Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments.
OPNX Offers $30M Bailout on Distressed Crypto Firm Hodlnaut in FLEX Tokens
By Steve Muchoki
August 7th, 2023
The OPNX exchange would own approximately 75 percent of the Hodlnaut exchange if the deal is approved by the court.
Coinbase-backed Base Set August 9 for Mainnet Launch after Successful Test with Dapp Developers
By Steve Muchoki
August 4th, 2023
To celebrate the launch of Base mainnet, Coinbase announced Onchain Summer will kick off on August 9 with over 50 leading brands led by Coca-Cola, Atari, and OpenSea.
FTX Seeks Exclusion of Dubai Unit from US Bankruptcy Proceedings
By Chimamanda U. Martha
August 3rd, 2023
The attorneys claimed that FTX Dubai has a solvent balance sheet.
BlockFi’s Disclosure Statement Receives Conditional Approval from Court
By Chimamanda U. Martha
August 3rd, 2023
BlockFi’s eligible creditors can expect to receive a comprehensive Solicitation Package containing all the essential information for voting on the plan.