FTX

The collapsed crypto exchange FTX highlighted that $415 million worth of cryptocurrency was hacked from the platform’s accounts. Lawyers and advisors for FTX debtors, in a presentation titled Maximizing FTX Recoveries, said they are valued…
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Sam Bankman-Fried, the former CEO of FTX, says the crypto exchange’s bankruptcy restructuring team claims about missing millions worth of customer funds are wrong. He said the team’s claims are contradicted by data later on in the same…
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Following the selection of a volunteer operator to aid in the recovery of approximately 30,000 Australians' assets from FTX as well as 132 Australian firms, Australia's financial sector watchdog terminated FTX Australia's financial…
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There is no FTX Arena as a Florida judge stripped Sam Bankman-Fried’s bankrupted crypto exchange of its naming rights to the home of the Miami Heat. This came about attorneys informing the court that funds from Alameda Research funded the…
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Orthogonal Credit, a unit of digital asset hedge fund Orthogonal Trading, had identified key weaknesses in Alameda Research, Sam Bankman-Fried’s trading firm, earlier this year. As such, it decided to close Alameda Research’s dedicated…
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Kristin Johnson, Commissioner CFTC, says it’s far too soon to tell what risk management or regulatory errors were made, if any, in regards to the now-bankrupt FTX. She said if regulators determine there was wrongdoing, it would still be…
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Anthony Scaramucci, the founder of SkyBridge Capital, stated on CNBC on Friday that the company is attempting to repurchase the interest that FTX had purchased in the alternative investing firm. Scaramucci stated, “We're in a worse…
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Wu Blockchain, a reporter covering cryptocurrency news, tweeted that the main trading business Almeda was taking money out of the exchange site KuCoin. Wu speculates that Almeda, the market maker for KuCoin, was utilizing the exchange to…
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Changpeng Zhao’s Binance has signed a nonbinding agreement to buy Sam Bankman-Fried’s FTX non-U.S unit to help cover up a liquidity crunch. But the deal has raised fresh concerns about FTX’s financial health and sent the crypto market into…
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The Australian Securities and Investments Commission (ASIC) has suspended FTX Australia’s financial license after the appointment of a voluntary administrator to help about 30,000 consumers and 132 companies get their funds back from the…
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