December 29th, 2025
FTX (FTT) News - Page 10
Core Scientific Exits Bankruptcy, Set to Begin Restructuring
By Mayowa Adebajo
January 17th, 2024
The restructuring plan will allow Core Scientific to cut $400 million in debt by equitizing the said amount in secured and unsecured claims.
Celsius CEO Requests to Drop Two Charges Linked to Fraud and Manipulation
By Bhushan Akolkar
January 16th, 2024
The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud.
FTX to Auction Off Bankman-Fried’s $40M Penthouse as Bahamas Assets Liquidated
By Temitope Olatunji
January 11th, 2024
The bankruptcy estate intends to sell these assets in order to increase the capital available for distribution to FTX account holders and creditors.
SEC Approves 11 Spot Bitcoin ETFs After 11 Years of Rejections
By Godfrey Benjamin
January 11th, 2024
The approved ETFs are expected to attract significant inflows. Estimates suggest that Valkyrie could see $200-400 million, with the overall market experiencing $4-5 billion in inflows within the first few weeks.
Etherscan Expands Blockchain Data Services with Solscan Acquisition
By Chimamanda U. Martha
January 3rd, 2024
The acquisition of Solscan by Etherscan comes at a time when activities on the Solana ecosystem garnered interest from crypto traders due to the resurgence of meme tokens.
Top 10 Major Crypto Headlines in 2023 by Coinspeaker: Year of Triumphs, Scandals, and Transformations
By Godfrey Benjamin
December 30th, 2023
It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023.
FTX Offers $16,871 Bitcoin Price for Creditor Claims, Users Reject
By Bhushan Akolkar
December 29th, 2023
If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year.
Cryptocurrency Hedge Funds Gearing for Strong 2024 after Last Year’s Crypto Winter
By Bhushan Akolkar
December 27th, 2023
While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry.
SEC Chair Gary Gensler Warns of ‘Far Too Many Frauds and Bankruptcies’ in Crypto Industry
By Chimamanda U. Martha
December 22nd, 2023
Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry.
Three Arrows Capital Founders See $1 Billion Asset Freeze
By Tokoni Uti
December 21st, 2023
A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year.
Bitcoin ETF to Push BTC Price Above $50,000, Says Matrixport Research
By Tokoni Uti
December 21st, 2023
Many Bitcoin fans have ambitious predictions for 2024 and if the token is about to hit $50,000 in the first month of the year as Matrixport says, higher milestones might be in view.
FTX Announces Settlement Agreement with Liquidators in Bahamas
By Tolu Ajiboye
December 20th, 2023
The settlement agreement between FTX and Bahamian regulators resolves the conflict between the parties, and also settles customers.
FTX Bankruptcy Fees Reach $53,000 per Hour, Crypto Exchange Still Owes Over $1B
By Temitope Olatunji
December 18th, 2023
Even with the owed fees it has paid in trying to deal with bankruptcy issues, FTX continues to face mounting challenges.
FTX Files Proposal to Exit Bankruptcy and Repay Billions to Creditors
By Chimamanda U. Martha
December 18th, 2023
FTX highlighted its intention to repay billions of dollars in cash to affected customers.
Crypto Exchange KuCoin Exits New York with $22M Settlement
By Bhushan Akolkar
December 13th, 2023
As part of the settlement, KuCoin will refund $16.77 million to New York customers and pay an additional $5.3 million to the Attorney General of the State of New York.