[Dec 18, 2023 3:36 AM] Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
[Dec 17, 2023 11:44 PM] More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October or $1.3 million per day.
[Dec 13, 2023 6:44 PM] A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds from the failed crypto firm's estate.
[Dec 12, 2023 7:00 PM] In a striking turn of events, the Internal Revenue Service (IRS) in the United States has presented a staggering tax bill of $24 billion against the bankrupt cryptocurrency exchange FTX. FTX Challenges IRS’s $24 Billion Tax Bill According to…
[Dec 12, 2023 7:03 AM] The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.
[Dec 12, 2023 6:08 AM] The head of Sam Bankman-Fried’s legal defense admitted the odds of winning the FTX fraud trial were stacked against the former CEO.
[Dec 9, 2023 3:38 AM] The latest transfer of $23.59 million was spread across 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI and SOL.
[Dec 5, 2023 2:15 PM] Government transparency group Open Secrets reported U.S. crypto firms spent roughly $19 million on lobbying from January to September 2023.
[Dec 4, 2023 7:23 AM] The CoinDesk reporter belongs in the journalism hall of fame since there's little, if any, precedent for the waves his story on Alameda Research and FTX stirred up.
[Dec 3, 2023 4:48 AM] Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
[Dec 1, 2023 3:00 PM] Sam Bankman-Fried, the co-founder of the FTX crypto exchange, who was recently found guilty of multiple counts of criminal fraud, reportedly faced a harrowing experience while incarcerated. According to a former mobster turned federal informant…
[Nov 30, 2023 9:58 PM] Gene Borrello, a former prisoner at MDC, told crypto blogger Tiffany Fong that Sam Bankman-Fried was targeted for his timid nature and having “the body of the 80-year-old.”
[Nov 30, 2023 10:30 AM] The Delaware District’s U.S. Bankruptcy Court has greenlit the FTX estate’s disposal of trust assets. This sanction, issued on November 29, 2023, paves the way for the beleaguered crypto exchange to offload investments in several funds…
[Nov 29, 2023 4:32 PM] FTX held shares of five Grayscale Trusts totaling $691 million and one Bitwise trust, amounting to $53 million as of Oct. 25, according to an earlier court filing.
[Nov 28, 2023 8:00 PM] In a recent investigative report by the media outlet Unlimited Hangout, serious allegations were made against Noah Perlman, the chief compliance officer of Binance. The report highlights Perlman’s alleged ties to the collapse of FTX, the…
[Nov 28, 2023 12:45 PM] The “Off Exchange” trading system was launched by Fireblocks, allowing institutions to trade without fully relinquishing custody.
[Nov 28, 2023 7:18 AM] The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers.
[Nov 27, 2023 11:00 PM] The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.
[Nov 24, 2023 9:03 AM] With smoking now banned, the age-old practise of paying for certain goods and services with cigarettes has given way to trading preserved fish.
[Nov 23, 2023 10:30 PM] As Sam Bankman-Fried’s legal representatives gear up to appeal the ex-FTX chief’s recent verdict, they have requested the court for his provisional release from the Metropolitan Detention Center in Brooklyn, New York. Upon examination…
[Nov 23, 2023 4:30 PM] According to a report by Business Insider, Sam Bankman-Fried (SBF), co-founder and former CEO of FTX, has adapted to the economic system of New York’s Metropolitan Detention Center (MDC), where he is currently awaiting sentencing on multiple…
[Nov 23, 2023 10:00 AM] The utility token of the defunct crypto exchange FTX, FTT is one of the top gainers in the last few days, rising 55% in just 48 hours alone. This has led to speculations as to what may be driving the token’s rally. One of them relates to a recent…
[Nov 23, 2023 6:45 AM] The surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
[Nov 22, 2023 8:00 PM] Taking to X on November 22, one user, @kevinsekniqi, notes that the Avalanche C-Chain is burning roughly $12.65 of AVAX every second, a development that could be a massive boost for AVAX in the long term. The surge in AVAX burning on the C-Chain is…
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