July 9th, 2025
FTX (FTT) News - Page 4
Crypto Firms Dominate Corporate Political Spending Ahead of 2024 US Elections
By Temitope Olatunji
August 22nd, 2024
Crypto companies are spending millions to influence the forthcoming elections; a researcher says such spending could weaken lawmakers.
Former FTX Exec Ryan Salame Seeks to Void Guilty Plea Over Broken Government Promise
By Chimamanda U. Martha
August 22nd, 2024
Salame confirmed the court filing on his personal social media account, noting that he is nervous about the potential outcome of the case and what it would mean for his young family.
FTX and Alameda Settle $12.7 Billion Lawsuit with CFTC
By Leon Okwatch
August 8th, 2024
This agreement is expected to aid in settling FTX’s Chapter 11 bankruptcy and alleviating the financial consequences of its collapse.
Bybit Hits $100 Billion in Daily Trading Volume
By Leon Okwatch
August 7th, 2024
Alongside its recent achievement, Bybit has launched a new offering called Pre-Market Perpetuals.
bitFlyer Takes Over FTX Japan: Expands Crypto Custody Services and Eyes ETF Market
By Mayowa Adebajo
July 26th, 2024
The company is preparing to offer crypto spot ETF services once the Japanese legal and tax frameworks are in place.
BlockFi Wins Court Approval to Return 100% of Customers’ Funds
By Chimamanda U. Martha
July 26th, 2024
The bankrupt crypto lender assured users that its Plan Administrator and Joint Liquidators are working with the relevant authorities to ensure the smooth distribution of assets for international customers.
BlockFi Administrator Seeks Court Approval for Final 100% Distribution
By Anisha Pandey
July 23rd, 2024
BlockFi’s became one of the first victims of the collapse of the Sam Bankman-Fried’s FTX exchange in November 2022.
Crypto Lender BlockFi to Begin Repayments on Coinbase Soon
By Chimamanda U. Martha
July 18th, 2024
BlockFi exited bankruptcy in 2023 and has begun a post-bankruptcy wind-down. The defunct crypto lender closed down its web platform in May 2024.
Crypto Exchange FTX Agrees to Settle with CFTC for Nearly $13B
By Chimamanda U. Martha
July 17th, 2024
Attorneys representing both sides jointly stated that the settlement is an “integral and valuable component of the Debtors’ proposed Chapter 11 reorganization plan”.
Ripple’s David Schwartz Talks on Users’ Funds Safety in Coinbase
By Godfrey Benjamin
July 16th, 2024
Amid concerns about funds safety in exchanges, users have been advised to manage their digital assets using self-custodial wallets.
FTX Estate Dragged into Damage Claims Lawsuit by Jump Trading Subsidiary
By Anisha Pandey
July 11th, 2024
SRM was originally scheduled to have a maximum supply of nearly 10.1 billion tokens, but the DEX’s collapse ruined the plans.
Bitcoin Mining Difficulty Plummets 7.8% in Largest Drop since FTX Collapse
By Bena Ilyas
July 9th, 2024
Reducing mining difficulty leads to a decline in the network’s overall hashing power. This change can benefit smaller miners, who will face less competition and potentially return to profitability.
Crypto Derivatives Market Hit with $279M in Liquidations Over Weekend
By Chimamanda U. Martha
July 8th, 2024
The impact of the liquidation was more severe on long traders, who incurred losses of nearly $34 million, compared to short traders who lost just over $17 million.
FTX Founder SBF’s Family Implicated in $100M Political Donation Scandal
By Bena Ilyas
July 5th, 2024
Leaked emails obtained by The Wall Street Journal point towards SBF’s family playing a central role in a $100 million financial scandal involving misused company assets for political donations.
Silvergate to Pay $63M to Settle Federal and State Probes over FTX Collapse
By Bena Ilyas
July 2nd, 2024
Gurbir Grewal, SEC’s Enforcement Director, said Silvergate failed to detect nearly $9 billion in suspicious transfers between FTX and its affiliates. Silvergate neglected its anti-money laundering duties and potentially allowed illegal activity.