April 14th, 2025
FTX (FTT) News - Page 5
Bybit Becomes 2nd Largest Exchange Globally after FTX Collapse
By Bena Ilyas
June 27th, 2024
“When FTX collapsed, we saw the opportunity,” said Bybit co-founder and CEO Ben Zhou, referencing the downfall of Sam Bankman-Fried’s once-dominant exchange.
JPMorgan Analysts: Mt. Gox Repayments Might Trigger Market Slump
By Anisha Pandey
June 27th, 2024
JPMorgan analysts suggest that these cash repayments could positively influence the crypto market, as crypto-friendly creditors are likely to reinvest their funds back into cryptocurrencies.
CoinShares Nets 116% Gain from FTX Claim Resolution
By Chimamanda U. Martha
June 24th, 2024
CoinShares International, a leading digital assets investment company based in Europe, has announced the successful sale of its claim against the now-defunct cryptocurrency exchange FTX.
FTX Victims Seek Control of Forfeited Assets amid Bankruptcy Battle
By Chimamanda U. Martha
June 18th, 2024
The filing also reflected the sentiments of many FTX customers who feel disillusioned, viewing the bankruptcy process as a “second act of theft”.
Whale Wallets Holding at Least 10 BTC Reach 16.16M as of June 16
By staff writer
June 17th, 2024
Favorable regulatory changes, such as the approval of spot Bitcoin ETFs, have contributed a lot to fueling this trend.
FTX Urges US Judge to Halt Lawsuits to Protect $16B Customer Repayment
By Bena Ilyas
June 5th, 2024
FTX will repay customers over 100% of their original holdings but using the lower crypto prices from November 2022, drawing criticism for undervaluing customer holdings due to market volatility.
Maple Finance Launches Syrup to Kickstart New Era in Institutional Lending
By Mayowa Adebajo
June 3rd, 2024
Maple Finance also introduced the Syrup (SYRUP) token, which allows holders to stake in and participate in the ecosystem.
Lawyers Net Over $820M in High-Profile Bankruptcy Cases
By Chimamanda U. Martha
May 31st, 2024
Despite the surge in legal fees from cryptocurrency bankruptcy cases filed in 2022, the demand for bankruptcy lawyers in the crypto economy has grown significantly.
Ledger’s New Stax Hardware Wallet Hits Market after 18-Month Wait
By staff writer
May 28th, 2024
During the pre-order phase, the Ledger Stax was priced at €279. The device is aimed at high-end users, and the final retail price will be announced once it’s back in stock.
Pantera and Figure Scoop Up Final Discounted FTX Solana Tokens as Sales Wrap Up
By staff writer
May 24th, 2024
Despite the adversity, FTX embarked on a series of restructuring efforts, including the liquidation of various assets such as Solana tokens and shares in successful startups.
FTX Lawyers Cleared of Fraud, Report Rejects Complicity Claims
By Bena Ilyas
May 24th, 2024
Creditors and investors accused Sullivan & Cromwell of not raising warnings and of positioning for a profitable role as FTX’s main bankruptcy counsel.
Bybit CEO Denies Insolvency Rumors, Confirms Healthy Balance Sheet
By Chimamanda U. Martha
May 23rd, 2024
Bybit CEO provided a link to the exchange’s proof-of-reserves (PoR) and a Nansen dashboard displaying all the cryptocurrencies held by the platform.
Former FTX Executive Ryan Salame Faces 5 to 7 Years in Prison
By Bena Ilyas
May 22nd, 2024
FTX executive Ryan Salame faces two major allegations. First, Salame helped FTX accept customer deposits via a US bank account without proper licensing. Second, Salame is accused of serving as a straw donor for Sam Bankman-Fried.
Genesis Wins Court Approval to Refund $3B in Bankruptcy Case
By Chimamanda U. Martha
May 20th, 2024
With the approved plan to distribute $3 billion to customers, Gemini is poised to commence fund distributions to those affected by the Genesis liquidity crisis in 2022 through its Earn program.
FTX Extends Deadline for Creditor Claims amidst Refund Promise and Distribution Concerns
By Temitope Olatunji
May 15th, 2024
In a bid to offer creditors enough time to file their claims, FTX Digital Markets has decided to extend the deadline for submitting proof of debt.