December 29th, 2025
FTX (FTT) News - Page 7
Bitcoin Price Rebounds Above $65k Amid Heightened Greed
By Steve Muchoki
May 6th, 2024
The recent Bitcoin price rise above $65K has carried with it the altcoin market led by Solana, Toncoin, and Avalanche, among others.
Former FTX Executive Surrenders $5.9M Bahamas Property in Plea Deal
By Chimamanda U. Martha
May 3rd, 2024
In a significant development within the bankruptcy proceedings involving the defunct exchange FTX and its debtors, Ryan Salame, former co-chief executive of the company, has agreed to forfeit his $5.9 million Bahamas property as part of a plea deal in a criminal case.
Bitcoin Miner Marathon Digital to Double Its Mining Capacity in 2024
By Bhushan Akolkar
April 26th, 2024
Marathon Digital said that the company won’t be raising funds to achieve its target of 50 EH/s and that it would be fully self-funded.
Pantera Capital Buys Another Bunch of Solana Tokens from FTX Auction
By Steve Muchoki
April 26th, 2024
Solana (SOL) being auctioned by FTX and Alameda Research will be made available for trading over the next four years.
Binance Co-founder Yi He Confirms CZ’s Positive Regulatory Standing in US
By Chimamanda U. Martha
April 19th, 2024
If found guilty by Judge Richard Jones, the former Binance CEO could face up to 10 years in prison, although the sentencing guidelines recommend a jail term of 12 to 18 months.
Voyager Digital Shows Intent with $474M Recovery Fund
By Mayowa Adebajo
April 11th, 2024
Voyager’s restructuring plan proposed having its customers initially recover 35.7% of their claims in crypto or cash. That was in May 2023. By November, the crypto exchange eventually settled with the FTC for $1.65 billion in monetary relief.
What’s Next for FTX’s Ellison, Wang, Salame, and Singh Following SBF’s 25-Year Prison Sentence?
By staff writer
April 2nd, 2024
Following Sam Bankman-Fried’s nearly 25-year jail sentence for financial fraud, attention shifts to his former colleagues at FTX.
Sam Bankman-Fried, Former CEO of Defunct FTX, Acknowledges His Crimes
By Mayowa Adebajo
April 2nd, 2024
As legal battles unfold, Former FTX CEO Sam Bankman-Fried speaks out from his jail cell, expressing remorse for his actions and admitting to making “bad decisions” that left customers waiting.
OKX Publishes 17th Proof of Reserves Showing $22.2B in Assets
By Chimamanda U. Martha
March 28th, 2024
With its monthly provision of PoR, which allows users to estimate the company’s health, the exchange has continued to prove to users that their funds are safe.
FTX Lawyers Want SBF Coins to Be Liquidated at Discounted Value
By Godfrey Benjamin
March 27th, 2024
The legal battle over these “SBF Coins” takes place against the backdrop of Sam Bankman-Fried’s legal issues.
South Korean Police Arrest Two Persons in $4.1M Crypto Scam
By Chimamanda U. Martha
March 26th, 2024
Crypto fraud cases in South Korea are currently on the rise as the industry gains momentum in the country.
FTX Offloads Two-Thirds of Anthropic Stake for $884M amid Bankruptcy Proceedings
By Bena Ilyas
March 26th, 2024
Bankrupt crypto exchange FTX sold most of its stake in AI firm Anthropic for $884 million to repay creditors.
Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse
By Bena Ilyas
March 25th, 2024
The Terraform trial holds significant implications for the crypto industry. A win for the SEC would solidify its authority to regulate cryptocurrencies deemed securities.
Silvergate Bank Faces Class-Action Lawsuit Over Alleged Role in FTX Fraud
By Temitope Olatunji
March 22nd, 2024
In its defense, Silvergate argued that it did not have a duty of care towards FTX customers and that its actions were not a significant factor in the customers’ inability to withdraw funds.
Bankman-Fried’s Legal Team Battles DOJ Over Possible Jail Term for Its Client
By Mayowa Adebajo
March 22nd, 2024
Sam Bankman-Fried’s attorneys believe that any sentence beyond a maximum of 5-6 years in prison would be inappropriate.