The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought. A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX…
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The bankrupt crypto exchange FTX has warned the public about tokens issued by groups who claim to be working on its behalf. In a tweet posted by the debtors who now control the FTX bankruptcy estate, crypto investors were urged to be “on alert for scams from entities claiming to be affiliated with FTX.”… Read…
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The bankrupt crypto lender asked for a court ruling to dismiss Sam Bankman-Fried’s appeal for bankruptcy for his offshore investment firm Emergent Fidelity Technologies Ltd. The consequences of the FTX scandal at the hands of its founder and former CEO, Sam “SBF” Bankman-Fried, continue to surface. On Feb. 17, it was reported that bankrupt crypto…
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FTX founder Sam Bankman-Fried was a major donor to the Democratic Party in the US, but the politicians who received the donations have so far only promised return a fraction of what they got. The funds that are now being returned to the bankrupt crypto exchange make up just 2.2% – or $1 million –…
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On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a…
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After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million, to the now-defunct crypto exchange. Of the total…
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Bankman-Fried has only a matter of days to meet document requirements before his appearance in court next week. Representatives for Voyager’s Unsecured Creditors have requested that former FTX CEO Sam Bankman-Fried (SBF) and a number of top-level executives from FTX and Alameda Research, provide documents and appear in court remotely next week for a deposition.…
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FTX Japan Holdings, FTX Japan and FTX Japan Services were three of FTX’s 134 subsidiaries caught up in the firm’s Chapter 11 bankruptcy filing in the United States. Bankrupt cryptocurrency exchange FTX’s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals for affected users as early as February. According to a Feb. 17 report…
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Crypto companies spent a record $21.55 million in 2022 on Washington lobbying, with major cryptocurrency exchange Coinbase leading the list. Last year’s spending was more than double the crypto industry’s lobbying outlay of $8.29 million for 2021, according to an analysis of disclosures by OpenSecrets, which rounded up disclosures from more than 50 industry players…. Read More:…
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Nishad Singh, the former director of engineering for collapsed crypto exchange FTX and Sam Bankman-Fried’s right-hand man, is preparing to reach a plea deal with U.S. prosecutors According to a Friday report from Bloomberg, the former FTX executive is planning to plead guilty to fraud charges for his role in the alleged scheme. Citing people familiar with…
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