April 25th, 2025
FTX (FTT) News - Page 7
OKX Publishes 17th Proof of Reserves Showing $22.2B in Assets
By Chimamanda U. Martha
March 28th, 2024
With its monthly provision of PoR, which allows users to estimate the company’s health, the exchange has continued to prove to users that their funds are safe.
FTX Lawyers Want SBF Coins to Be Liquidated at Discounted Value
By Godfrey Benjamin
March 27th, 2024
The legal battle over these “SBF Coins” takes place against the backdrop of Sam Bankman-Fried’s legal issues.
South Korean Police Arrest Two Persons in $4.1M Crypto Scam
By Chimamanda U. Martha
March 26th, 2024
Crypto fraud cases in South Korea are currently on the rise as the industry gains momentum in the country.
FTX Offloads Two-Thirds of Anthropic Stake for $884M amid Bankruptcy Proceedings
By Bena Ilyas
March 26th, 2024
Bankrupt crypto exchange FTX sold most of its stake in AI firm Anthropic for $884 million to repay creditors.
Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse
By Bena Ilyas
March 25th, 2024
The Terraform trial holds significant implications for the crypto industry. A win for the SEC would solidify its authority to regulate cryptocurrencies deemed securities.
Silvergate Bank Faces Class-Action Lawsuit Over Alleged Role in FTX Fraud
By Temitope Olatunji
March 22nd, 2024
In its defense, Silvergate argued that it did not have a duty of care towards FTX customers and that its actions were not a significant factor in the customers’ inability to withdraw funds.
Bankman-Fried’s Legal Team Battles DOJ Over Possible Jail Term for Its Client
By Mayowa Adebajo
March 22nd, 2024
Sam Bankman-Fried’s attorneys believe that any sentence beyond a maximum of 5-6 years in prison would be inappropriate.
FTX Victims Decry SBF’s Role, Call for Justice as SBF Faces Sentencing
By Bena Ilyas
March 20th, 2024
FTX victims’ testimonies reveal the grim aftermath of FTX collapse, fueling calls for justice as 50-year sentencing looms for Sam Bankman-Fried.
Disturbing Portrayal: Sam Bankman-Fried’s Defense against 50-Year Imprisonment
By Temitope Olatunji
March 20th, 2024
They assert that if the government truly believes in his potential for rehabilitation, a significant reduction to 63–78 months from the suggested guidelines is fair enough.
Galaxy Asset Management Reaches $10B AUM Milestone
By Temitope Olatunji
March 19th, 2024
The company revealed in a blog post that, as of February 29, 2024, GAM was managing a staggering $10.1 billion in assets, marking a substantial 24.8% increase compared to the previous month.
Iconic Photo of Dogwifhat Meme Coin Nets $4.3M in NFT Auction
By Chimamanda U. Martha
March 18th, 2024
The auction started on Friday and saw a fierce bidding war between two prominent bidders, Memeland, a crypto project, and GiganticRebirth, known within the crypto community as GCR.
Attestor’s Lucrative FTX Claim Sparks Bitter Legal Battle Over 200% Windfall
By Bena Ilyas
March 18th, 2024
The situation with Attestor underscores the intrinsic risks involved in this emerging field of distressed investing in digital assets.
FTX and Alameda Research Transactions May Have Caused Ethereum Price Drop
By staff writer
March 15th, 2024
A closer examination of past instances reveals a pattern: whenever FTX and Alameda Research executed similar large-volume transfers of Ether tokens, Ethereum price experienced a notable correction.
Popular Canadian Rapper Drake Advertises Bitcoin on His Instagram Page with Over 146M Followers
By Steve Muchoki
March 13th, 2024
Bitcoin price has rallied to a new all-time high above $73K, with about five weeks to the fourth halving, thus indicating heightened demand from institutional investors.
Crypto Exchange Backpack Raises $17M in Series A Funding
By Mayowa Adebajo
February 29th, 2024
Backpack joins the ranks of many startups that have sprung up since the FTX exchange collapsed.