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Australia's financial regulator cancels license for FTX's local entity
19.7.2023
ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely
Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet
18.7.2023
According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX....
Read More: Report: BlockFi's...
G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...
BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say
17.7.2023
The crypto lender saw “the exact same balance sheet” later published by CoinDesk but still put clients' money in Sam Bankman-Fried’s companies, a scathing new report claims
Bankman-Fried Requests Court’s Approval for a Mystery List of Visitors to Drop by Without Security
15.7.2023
In a legal document lodged on July 13, 2023, Sam Bankman-Fried, the former chief executive officer and founder of FTX, expressed his desire for his “close friends” to drop by his parents’ residence “without the need for a security guard to be present.” The plea from Bankman-Fried...
BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing
14.7.2023
Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022
3AC co-founders' OPNX exchange onboards FTX, Celsius bankruptcy claims
14.7.2023
Claims can be converted into collateral to trade crypto futures on the exchange
FTX, Celsius Bankruptcy Claims Can Now Be Sold on OPNX
14.7.2023
Users who held assets on bankrupt crypto firms FTX and Celsius Network can now trade their claims on the Open Exchange (OPNX)
Sam Bankman-Fried wants 'close friends' to visit without a security pat down
14.7.2023
Under bail conditions, only Sam Bankman-Fried’s lawyers are exempt from security checks, now they've asked if this can be extended to “close friends."
FTX Bankruptcy Case: Lawyers Seek $323.5 Million Recovery from FTX Europe Leadership
13.7.2023
FTX lawyers have filed a court motion seeking the recovery of $323.5 million from the leadership of FTX Europe, which includes Patrick Gruhn, Robin Matzke, Brandon Williams, and Lorem Ipsum UG.
According to court filings submitted on Wednesday, the lawyers allege that the FTX Europe leadership...
Court: FTX spent $400 million on the acquisition of its European branch
13.7.2023
The goal behind an overpriced buyout of the Swiss company was to get a proper European license
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
FTX Bankruptcy Lawyers Ask Court For $323m Recovery From FTX Europe Leadership
13.7.2023
Crypto exchange FTX's lawyers have asked the bankruptcy court in Delaware to award recovery of more than $323.5 million from FTX's Europe leadership
FTT Price Pumps, Dumps as FTX Claims Portal Opens, Then Becomes Unavailable
12.7.2023
FTT saw a massive 26% pump from the $1.40s to the $1.80 area on Tuesday in a matter of minutes, before pulling back under $1.60 on Wednesday.
FTT is the utility token of the now defunct cryptocurrency exchange FTX that is currently going through a lengthy, arduous bankruptcy process in wake of...
FTX Executive Investigated for Potential Campaign Finance Violations in Congressional Bid
12.7.2023
Former FTX executive Ryan Salame and his girlfriend Michelle Bond, a former congressional candidate, are under investigation for potential violations of campaign-finance law.
Federal prosecutors in Manhattan are probing whether the couple unlawfully evaded federal limits on campaign contributions...
FTX claims portal becomes unavailable shortly after going live
11.7.2023
Users affected by the bankruptcy of FTX or certain subsidiaries have the option of filing a proof of claim through Kroll’s online customer form and via U.S. mail
US authorities are investigating former FTX exec for potential campaign finance violations: Report
11.7.2023
FTX Digital Markets co-CEO Ryan Salame was the individual who first reported FTX to Bahmanian authorities, but he reportedly may face charges of his own in the United States
Federal Prosecutors Investigate Former FTX Executive Over Possible Campaign Law Violations: WSJ
11.7.2023
Ryan Salame is being investigated for potentially illegally avoiding federal limits on contributions to his girlfriend's congressional campaign last year
Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’
11.7.2023
On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...
Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report
9.7.2023
Former National Football League (NFL) quarterback Tom Brady has reportedly lost tens of millions of U.S. dollars in stock of the failed crypto exchange FTX. Brady is one of several celebrities sued by FTX customers for their endorsements of the collapsed crypto trading platform. Brady and Bündchen...