April 18th, 2025
FTX (FTT) News - Page 8
Sam Bankman-Fried Asks Court for 6.5 Years Prison Sentence
By Chimamanda U. Martha
February 28th, 2024
The defense team presented several letters from Bankman-Fried’s friends and family, all advocating for a lenient sentence.
FTX Bags Court Approval to Sell Anthropic Stake amid Bankruptcy Proceedings
By Godfrey Benjamin
February 23rd, 2024
As FTX navigates the intricacies of bankruptcy proceedings and asset liquidation, stakeholders remain hopeful for a fair resolution that prioritizes the interests of creditors and customers.
BNB Coin Eyes Surge to $400 Leaving behind Legal Troubles of SEC Lawsuit
By Bhushan Akolkar
February 23rd, 2024
The airdrop activity on the BNB Chain and the daily active users crossing 1.2 million proved as a catalyst for the BNB price rally to $400.
BONK Price Shoots 13% as Solana-Based Memecoin Lists on Fintech Platform Revolut
By Bhushan Akolkar
February 15th, 2024
BONK’s governing council has passed Revolut’s “Learn and Earn” campaign initiative. The memecoin plans to leverage Revolut’s market presence to expand its user base globally.
Digital Currency Group Reports $210M in Q4 2023 Revenue as Valuation Tops $4.4B
By Steve Muchoki
February 13th, 2024
Digital Currency Group repaid more than $1 billion in debt during Q4 2023 as the litigation between DCG’s Genesis and the Gemini crypto exchange continues.
Voyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender
By Mercy Tukiya Mutanya
February 8th, 2024
The lawsuit also names Voyager Digital’s law firm McCarter & English. It is alleged that the firm played on its credibility to issue a bogus “legal opinion” that Voyager’s native utility token Voyager Token (VGX) was not an unregistered security.
US Judge Approves Confidential Settlement between BlockFi and 3AC
By Chimamanda U. Martha
February 7th, 2024
With the settlement now approved, BlockFi can proceed with the distribution of assets from the lending estate to its creditors, the primary reason for seeking expedited approval.
Super Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads
By Bhushan Akolkar
February 5th, 2024
Two years ago, crypto advertisers occupied the top ad spots at Super Bowl. But the FTX debacle has pushed them out of the game making way for traditional businesses.
FTX Files for Sale of Its $1.4B Stake in AI Firm Anthropic
By Bhushan Akolkar
February 5th, 2024
The strategic decision by FTX to sell its Anthropic holdings comes at a time when the AI firm’s valuations have been soaring past $18 billion.
FTX Reorganization Plan Was Futile ‘Highway Robbery of Highway Robbers’, Former SEC Official Says
By Tolu Ajiboye
February 5th, 2024
According to Stark, the FTX reorganization cost a little too much for something that was never going to be possible.
Bankrupt Crypto Lender Genesis Global Seeks Approval to Sell $1.6B of Trust Assets
By Steve Muchoki
February 5th, 2024
The motion to liquidate Genesis assets at Grayscale Investment has been supported by Gemini that is seeking to repay the affected Earn Program customers.
US Prosecutors Charge Trio with Wire Fraud and Identity Theft in $400M FTX Hack
By Tolu Ajiboye
February 2nd, 2024
The US government is finally resolving the FTX hack as it files charge against three people involve in the phone swap hack.
ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015
By Steve Muchoki
February 1st, 2024
Cathie Wood-led Ark Invest believes Bitcoin price will rally exponentially in the confirmed bull cycle as more investable global assets amounting to $250 trillion proliferate to the digital asset class.
Crypto Exchange FTX Won’t Reopen despite Repayment Goal
By Temitope Olatunji
February 1st, 2024
Although the road ahead appears difficult for FTX customers seeking reimbursement, the exchange assures them that asset liquidation will eventually make them whole.
FTX Cash Reserve Doubles to $4.4B as Company Strives to Repay Customers
By Godfrey Benjamin
January 29th, 2024
Despite the positive developments, FTX has acknowledged that it does not anticipate fully repaying all customers.