In a market that has been relatively quiet for weeks, Bitcoin (BTC) has suddenly sprung to life, with its Futures Open Interest (OI) reaching levels not seen since the FTX crash. Open Interest, a metric that measures the total number of outstanding futures that have not been settled, provides a glimpse into the trading activity…
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The lawsuit alleged that the VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States…
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Sina Nader, the former head of partnerships at FTX US, has joined Mysten Labs as its new head of strategy. Nader will report directly to Evan Cheng, the CEO and co-founder of the Palo Alto-based Web3 startup, according to a Monday report from Bloomberg. Cheng, along with other former employees of Meta Platforms (formerly known as Facebook), created Mysten Labs with…
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It’s unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried’s trial in October. Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States. According to an Aug. 8 Bloomberg report, lawyers for…
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Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge. The United States Attorneys’ Office has announced another superseding indictment against former FTX CEO Sam Bankman-Fried, also known as “SBF,” which will include consideration of an allegedly illegal…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bank of Russia Reveals Official CBDC Logo, Revolut Shuts Down Crypto Platform for its US Customers, US DoJ Asks Sam Bankman-Fried’s ‘Bail be Revoked and Defendant be Detained’…
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After accusations against the disgraced FTX co-founder, Sam Bankman-Fried, for allegedly meddling with a witness by providing the New York Times with excerpts from former Alameda Research CEO Caroline Ellison’s private journal, the legal team representing Bankman-Fried countered by insisting that he was merely exercising his First Amendment right to free speech. The U.S. government,…
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Several digital tokens that Sam Bankman-Fried’s trading firm Alameda Research had ties to pumped in price after they were listed on now-bankrupt crypto exchange FTX, according to a report from Network Contagion Research Institute (NCRI). The tokens, which included well-known names like BOBA, GALA, IMX, RNDR, and SPELL, surged by as much as 30% after…
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Bankrupt digital asset exchange FTX has filed a motion to exclude its Dubai entity from the ongoing bankruptcy proceedings in the United States. Per the motion, the company argues that FTX Dubai was not in business before Nov 2022 when bankruptcy documents were filed and as such there is no need for restructuring its operations…
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FTX filed for bankruptcy in November 2022, with 102 of its units worldwide entering Chapter 11 proceedings. Bankrupt crypto exchange FTX has filed a motion in court to remove its Dubai unit from ongoing restructuring proceedings in the United States. In a court filing on Aug. 2, FTX argued that its Dubai unit didn’t conduct any business…
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