The judge said he read all the papers and declarations related to the FTX debtors’ motion for the sale of LedgerX and was “satisfied” with the proceedings. The judge presiding over crypto exchange FTX’s bankruptcy case has given the green light to a motion allowing the sale of LedgerX. In a May 4 hearing in…
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The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model. Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors. In…
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This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase. At the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program has expanded to include 11 blockchain firms. Together, the entities will provide grants, expertise and services…
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The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX. The new bill, titled the Digital Assets and Registered Exchanges (DARE) Bill 2023, is an update to the original DARE Act of 2020. Among other things, it expands…
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It’s unclear what the Bureau was searching for in the home of the former co-CEO of FTX Digital Markets, who worked closely with Sam Bankman-Fried. The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory…
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From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the FCA has routinely warned consumers of risks associated with crypto, the watchdog has “always been open…
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The futures and options exchange was purchased by FTX.US in 2021 to expand its spot trading services. Three other FTX assets remain up for sale. FTX announced that it has entered into a purchase agreement with an affiliate of Miami International Holdings to sell its futures and options exchange and clearinghouse LedgerX. FTX said in…
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According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash and crypto through a “direct distribution” via the Voyager platform. Voyager’s Asset Purchase Agreement With Binance…
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Surveillance software installed on Sam Bankman-Fried’s parents’ phones will track every minute of their activity across browsers, messaging and calls. Surveillance software has been successfully implemented on Sam Bankman-Fried’s parents’ cell phones to ensure he does not breach the conditions of his bail, with a Judge approving of the measure. Bankman-Fried’s lawyers requested an extension…
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