July 11th, 2025
FTX (FTT) News - Page 28
Apple, Netflix, Meta, and Many Others Caught Up in FTX Saga
By Mayowa Adebajo
January 26th, 2023
The firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities in the US and foreign countries.
Luno Announces Employees Layoff amid Market Tumult
By Ibukun Ogundare
January 26th, 2023
Luno will be discarding 330 people out of about 960 employees.
New York Court Denies 3 Celsius Users’ Motion to Reclaim Assets
By Mayowa Adebajo
January 26th, 2023
Claimants argue that Celsius bever mentioned anything about transferring ownership and control of assets to debtors.
BlockFi Wants Court to Approve Employees Bonuses to Avoid Talent Drain to Other Companies
By Steve Muchoki
January 24th, 2023
However, the court has objected to the BlockFi request noting that every penny used to pay employees denies the creditors their right to be reimbursed.
Genesis Bankruptcy Case Scheduled for First Hearing on January 23rd
By Tolu Ajiboye
January 23rd, 2023
The bankruptcy hearing for embattled crypto lender Genesis commences today at a New York Southern District court.
US Regulator Seize $700M Worth of Assets Linked to FTX and SBF
By Bhushan Akolkar
January 23rd, 2023
A majority part of the seized assets include 55.3 million shares of Robinhood with its current worth of around $526 million.
Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines
By Tolu Ajiboye
January 20th, 2023
In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors.
Cameron Winklevoss Threatens Lawsuit after Genesis Filed for Bankruptcy
By Godfrey Benjamin
January 20th, 2023
Winklevoss said this move will afford the firm to recoup its funds as the Barry Silbert-led DCG has continued to refuse to offer its creditors a fair deal.
Cardano Co-Founder Hoskinson Considering Acquiring CoinDesk
By Sanaa Sharma
January 20th, 2023
Hoskinson predicted that the purchase would cost him around two hundred million USD and that he will examine the financial details before taking concrete action.
FTX New CEO Plans to Reboot Distressed Exchange, FTT Climbs 32%
By Ibukun Ogundare
January 20th, 2023
In reaction to the relieving comment by the new FTX boss to reboot the exchange, the FTT token jumped 32% to $2.37.
FTX-Associated Crypto Bank Moonstone Announces Exit from Crypto Space
By Bhushan Akolkar
January 20th, 2023
Moonstone Bank said that after exiting from the crypto space, it will go back to its original format of being a community bank with major rebranding.
Genesis Files for Bankruptcy in Latest FTX-Fueled Contagion
By Godfrey Benjamin
January 20th, 2023
The collapse of Genesis was major fueled by its deep exposure to two of the most severe bankruptcies in the digital currency ecosystem.
1inch Launches Crypto Hardware Wallet
By Babafemi Adebajo
January 20th, 2023
1inch’s hardware wallet uses wireless charging and can last for up to 2 weeks after a full charge.
Revolut Suspends Launch of Native Token RevCoin, Here’s Why
By Mayowa Adebajo
January 20th, 2023
Revolut is holding off on its token launch to determine the full extent of the damage caused by the FTX crash.
CoinDesk Contemplates Full or Partial Sale as Parent Company Scampers for Funds
By Mayowa Adebajo
January 19th, 2023
DCG is currently looking for ways to save its business and grow its capital.