April 18th, 2025
FTX (FTT) News - Page 21
BlockFi Custodial Customers to Receive $300M in Repayment, While BIA Holders Risk Losing Investment to Company’s Creditors
By Tolu Ajiboye
May 12th, 2023
A judge has approved repayment for BlockFi custodial wallet holders but said interest-bearing funds still belong to the bankrupt company.
Bitcoin (BTC) Price Tanks Under $27,000 amid Rising US Regulatory Pressures
By Bhushan Akolkar
May 12th, 2023
Amid the US regulatory crackdown and the fall of the crypto-friendly banks recently, the lack of liquidity has become a major issue currently in the market.
IRS Files Claim against FTX & Affiliates, Seeks $44B in Unpaid Taxes
By Tolu Ajiboye
May 11th, 2023
In its claim, the IRS alleged that FTX, Alameda, and co failed to report transactions and activities for a sustained period.
Jane Street and Jump Crypto Withdraws from US amid Regulatory Uncertainty
By Godfrey Benjamin
May 10th, 2023
The exit of Jane Street and Jump Crypto will contribute to the liquidity crunch in the market segment and this outlook is unhealthy for the industry.
QuadrigaCX, Bankrupt Crypto Exchange, Will Resume Interim Fund Distribution
By Bhushan Akolkar
May 10th, 2023
Miller Thomson, the law firm representing QuadrigaCX stated that a small number of affected users are likely to receive notice of Disallowance of Claim.
Former FTX CEO SBF Files Motion to Dismiss Fraud Charges
By Babafemi Adebajo
May 9th, 2023
Meanwhile, the defunct FTX continues to pursue various options to recover customer funds.
FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
By Steve Muchoki
May 4th, 2023
The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection.
Mysten Labs’ Sui Launches on Mainnet, SUI Down 70% in 24 Hours
By Mayowa Adebajo
May 4th, 2023
SUI is the native token of the project, it has a total supply of 10 billion.
FTX Customer Funds Recovery Go On while FBI Storms Former FTX Executive Ryan Salame’s House
By Babafemi Adebajo
April 28th, 2023
According to a Guardian report, the defunct exchange FTX has already recovered $7.3bn of customer funds
Bankrupt Crypto Firm FTX Finally Agrees to Sell Its Derivatives Platform LedgerX for $50M
By Mayowa Adebajo
April 26th, 2023
FTX got the nod earlier this year to sell some of its business units.
Binance.US Backs Out on Plans to Acquire Voyager Digital’s Assets
By Godfrey Benjamin
April 26th, 2023
Voyager Digital has confirmed it received a deal termination letter from Binance.US.
Do Kwon Lawyers Tells SEC to Back Off Due to Lack of Jurisdictions Over Terra Products
By Steve Muchoki
April 24th, 2023
Do Kwon’s lawyers indicated that Coinbase does not list securities, and the SEC has not been granted the powers by Congress to regulate digital assets as securities or commodities.
FTX Revival Unlikely, Says Skybridge Capital Founder Anthony Scaramucci
By Mercy Tukiya Mutanya
April 24th, 2023
Scaramucci stated that it was more likely that FTX, once valued at $32 billion, would end up selling its software and licensure before opening under a new brand.
EU Parliament Finally Passes MiCA as Industry Lauds Effort
By Godfrey Benjamin
April 20th, 2023
While the EU is in the final stages of making MiCA a reality and hence fosters a more defined market participation, the industry has been fussing around the laid-back approach of the US in relation to floating similar rules.
FTX’s Plans to Restart Operations, Attracts Investments from VC Firms
By Bhushan Akolkar
April 19th, 2023
VC firm Tribe Capital is also considering leading the $250-million fundraising campaign, anchored by $100 million from itself and its limited partners.