FTX users name Mercedes F1 team and MLB in new promo lawsuits

The group of FTX users is taking aim at the Mercedes Formula One team and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.

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Sam Bankman-Fried ‘doubled down’ by buying Binance’s stake in FTX — US prosecutors

The prosecution is delivering its closing arguments at the Southern District Court of New York, where SBF’s trial has been taking place since Oct. 3.

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The Plot Thickens: Sam Bankman-Fried Incriminates Lawyers In FTX Fraud

Former FTX CEO Sam Bankman-Fried has finally testified in court as his legal team begins to construct a defense against charges of two counts of fraud and five counts of conspiracy. It would seem the 31-year-old former billionaire is now taking a different tactic in his latest attempt to wiggle out of the fraud charges.  […]

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SBF Trial – SBF claims he acted in good faith as lawyers blessed his decisions at FTX

SBF’s trial resumed on Oct. 27, with the former billionaire taking the stand in the latter half of the day after the prosecution’s final witness in the case was excused. The hearing began with the prosecution bringing their witness — FBI agent Mark Troiano — to the stand to primarily provide insights into the existence, […] The post SBF Trial – SBF claims he acted in good faith as lawyers blessed his decisions at FTX appeared first on CryptoSlate.

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Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report

The former FTX CEO took the stand for the first time in his criminal trial, but without members of the jury present.

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What Happens to GBTC Discount When FTX Sells its Holdings?

It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.

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Sam Bankman-Fried has no way to ‘outfox’ prosecutors: Scaramucci

SBF taking the stand in his criminal trial is “a very bad move,” as the FTX co-founder will be “skinned alive” by prosecutors, says Anthony Scaramucci.

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FTX Fraud: Co-Founder Puts Multiple Nails In Sam Bankman-Fried’s Coffin

The Sam Bankman-Fried (SBF) trial continued on October 6 (Day 4), with FTX Co-founder and SBF’s associate Gary Wang taking the stand once more in continuation of the proceedings from the previous day.

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Sam Bankman-Fried: Important Highlights From Day 1 As FTX Founder’s Trial Commences

The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), began yesterday with the jury selection taking place. In line with this, the court proceedings began with the voir dire process, with certain revelations made on the first day in court. How Day 1 Of SBF’s Trial Went In a […]

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Big fish, small fish: How Bitcoin investors are taking different paths

Quick Take During the FTX collapse, according to the accumulation trend score by cohort, whales (10,000 BTC or more) accumulated during this period (denoted by the blue) The entity supply distribution for the whale’s aggregates to 30% of the supply back in November.

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FTX sues its Bahamian liquidators for taking control of ‘millions of dollars’

Crypto exchange FTX has filed a lawsuit against the liquidators of its Bahamian affiliate, FTX Bahamas Ltd, claiming that they have wrongfully taken control of millions of dollars worth of digital assets, including bitcoin (BTC) and ethereum (ETH). According to…

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Republic Of China Establishes Regulatory Body For Crypto Assets

The crash of many firms last year alarmed both crypto users and regulators. One of the most notable was the FTX exchange crash and its unending contagion, which has spread into 2023. As a result, many regulators in different countries are taking steps to protect crypto users and investors.  Some regulators, such as the US […]

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Trezor to produce chips for hardware wallets to shorten supply cycle

Trezor wants to respond quickly to demand-triggering events like the FTX collapse by taking control of wallet chip production.

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New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal

John J. Ray III made the comment in his first interview since taking over FTX in November.

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SBF says Sullivan & Cromwell contradicted itself with insolvency claims

The former FTX CEO says the exchange’s new attorneys are not taking into account customer bank balances

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OKX tokens soar double digits as crypto begins 2023 higher

OKX, the cryptocurrency exchange that’s slowly taking up a bigger chunk of the market following the collapse of FTX, is seeing its ecosystem tokens rally into 2023 amid a broader market resilience.

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FTX could recoup political contributions and donations

FTX, in a recent statement, has warned that it would be taking back all its monies lent out as part of its bankruptcy process. FTX has warned that it will sue any party that remains un-compliant to their refund request.

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Crypto Lender Amber Slashes 60% of Workforce Amid FTX Fallout

Amid the continuing fallout from the collapse of FTX, one of Asia’s biggest crypto lenders, Amber Group, is taking radical cost-cutting measures. The post Crypto Lender Amber Slashes 60% of Workforce Amid FTX Fallout appeared first on BeInCrypto.

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Ethereum Whales Ignore Market Tsunami, Splashing Nearly A Billion Dollars On Fresh ETH Buys

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Revealed: Sam Bankman-Fried Secretly Loaned Crypto News Site The Block And Its CEO $43 Million

The FTX debacle keeps taking unexpected turns. A bombshell report has revealed that Sam Bankman-Fried’s Alameda Research secretly provided The Block and its ex-CEO, Michael McCaffrey, with at least $43 million in funding over the past year and a half.

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What’s In Store For Cardano This December – Will ADA Be Merry Before Christmas?

Cardano (ADA) exited the month of November with its total market capitalization and its blockchain’s total value locked (TVL) taking a heavy hit from the FTX collapse that dragged down the entire crypto market.

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Ethereum and Tether flow to exchanges while bitcoiners opt for self custody

Ethereum (ETH) and Tether (USDT) keep getting deposited onto centralized exchanges, while Bitcoin (BTC) holders seem to be taking matters into their own hands following the fall of FTX. Data provided by on-chain analytics service Glassnode shows that $66.6 million…

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BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.

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Taking a deep dive on how the Bitcoin fundamentals look on-chain as the dust settles from the FTX fallout

The post Taking a deep dive on how the Bitcoin fundamentals look on-chain as the dust settles from the FTX fallout appeared first on CryptoSlate.

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BitBoy alleges O’Leary was key player in Celsius collapse along with FTX

Youtuber Bitboy Crypto, aka Ben Armstrong, alleged the FTX exchange and Canadian entrepreneur Kevin O’Leary were pivotal figures in taking down Celsius. The post BitBoy alleges O’Leary was key player in Celsius collapse along with FTX appeared first on CryptoSlate.

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On-Chain Data Shows Signs Of Fresh Bitcoin Accumulation

On-chain data shows signs of some fresh Bitcoin accumulation taking place during the last month. Bitcoin UTXOs Aged 1 Week To 1 Month Have Risen Up In Recent Days As pointed out by an analyst in a CryptoQuant post, UTXOs purchased between 1 week and 1 month ago have risen since the FTX crash.

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Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management

While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business.

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Aid For Ukraine Denies Transferring Funds With FTX To U.S. Democratic Party

The second crypto exchange in the world, FTX, collapsed taking down several companies in the fallout. The contagion negatively impacts companies, projects, and hedge funds and could have consequences for political actors in the U.

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USDC, USDT, BUSD supply outside of exchange spikes, but is this a good sign?

The outflow of stablecoins from exchanges has been on the rise in the wake of the FTX saga. Users appear to be taking custody of their assets, which might have a negative effect on exchanges ifThe post USDC, USDT, BUSD supply outside of exchange spikes, but is this a good sign? appeared first on AMBCrypto.

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Here's how the CFTC could prevent the next FTX

The Commodity Futures Trading Commission should be responsible for preventing companies like FTX from taking root in the future.

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FTX Contagion Spreads, Will ETHE And Grayscale Bitcoin Trust Share Same Fate As FTT?

The sudden decline of FTX has created a devasting effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin.

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TRX Surges Over 600% Following Justin Sun’s Deal With FTX

Tron’s native token TRX has been seeing significant upside on the FTX exchange since the announcement of a potential deal that would allow users to withdraw funds. This deal is one of the only ones that have gone into effect since FTX began experiencing issues and it seems users are already taking advantage of it.

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FTX files for chapter 11 bankruptcy taking down about 130 companies with it

FTX has filed for Chapter 11 bankruptcy in the U.S., based on a recent Twitter post. Sam Bankman-Fried stepped down as the company’s CEO and named John Ray III as his replacement. Although Bankman-Fried will be leaving his position, he…

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Bahamian Authorities Freeze FTX Assets

The Securities Commission of the Bahamas is taking action to freeze FTX’s assets. Regulators Step In Bahamanian regulators are taking swift action against FTX. TheNassau Guardianreported today that the Securities...

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Solana Price Dumps 24% as Whales Face Liquidation and Network Degrades (Again)

Solana is having trouble in the wake of the FTX fallout. The SOL price is also taking a battering, and the network is showing signs of weakness yet again. The post Solana Price Dumps 24% as Whales Face Liquidation and Network Degrades (Again) appeared first on BeInCrypto.

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Binance CEO Zhao Taking Different Acquisition Tack Than FTX's Bankman-Fried

The world's largest crypto exchange, Binance might still spend $1 billion on acquisitions this year.

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FTX President Joins Crypto Executives Stepping Down From Their Position

Crypto exchange FTX President for its U. S. subsidiary Brett Harrison announced his resignation from his position. Via his official Twitter account, Harrison confirmed that he will be “transferring” his responsibilities and taking on the role of advisor for the U.

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FTX Ventures Acquires 30% Stake in Scaramucci’s SkyBridge Capital

In the latest “JPMorgan-like” move, the venture capital arm of FTX is taking a 30% stake in Anthony Scaramucci’s SkyBridge Capital which has been struggling recently. The post FTX Ventures Acquires 30% Stake in Scaramucci’s SkyBridge Capital appeared first on BeInCrypto.

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FTX acquires 30% stake in Scaramucci’s SkyBridge Capital

Despite the crypto bear market, several companies continue to build and reset. One hot crypto news story this Friday is that crypto exchange FTX has struck yet another deal with a major crypto player, taking a 30% stake in SkyBridge Capital, an investment firm founded by Anthony Scaramucci.

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Binance, FTX Among Crypto Players in Hunt to Buy Voyager Digital Assets as Coinbase Backs Out: Sources

Bids for Voyager assets are due Friday in a sale process taking place as part of its Chapter 11 bankruptcy. An auction, if needed to pick a winner, would follow on Aug. 29.

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Binance CEO cautions against crypto-exchange jitters as FTX's SBF responds

Binance CEO Changpeng Zhao has cautioned traders about the infamous practice of jitters taking place on many cryptocurrency exchanges. The remark comes on the heels of many exchanges receiving cease-aThe post Binance CEO cautions against crypto-exchange jitters as FTX's SBF responds appeared first on AMBCrypto.

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FTX's Reddit approach could be the key to taking down Coinbase

Over the last few days, the crypto-market has notably improved. As expected, the same has had a positive effect on investors' presence and participation too. While volumes have recovered, so has thThe post FTX's Reddit approach could be the key to taking down Coinbase appeared first on AMBCrypto.

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Aptos Labs Raises $150M in Funding Round Led by FTX Ventures

Layer 1 blockchain Aptos Labs has raised $150 million in a Series A funding round led by FTX ventures, taking the total raised this year to $350 million.

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Bankman-Fried Denies FTX Robinhood Acquisition Report

FTX CEO Sam Bankman-Fried has denied rumors that FTX is planning to acquire broker Robinhood saying that no active conversations were taking place. The post Bankman-Fried Denies FTX Robinhood Acquisition Report appeared first on BeInCrypto.

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Controlling The Chaos: FTX Exchange Bails Out BlockFi With $250M

Is FTX saving the crypto industry or taking control of it? The derivatives-focused cryptocurrency exchange has been on the sidelines, watching everything around them collapse, and finally decided to take action.

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Here's why a rally might be on the cards for FTX Token [FTT] pretty soon

While alt coins and tokens across the board were taking price hits, investors shouldn't forget to check if these assets were running to the exchanges - or away from them. In particular, one asset to wThe post Here's why a rally might be on the cards for FTX Token [FTT] pretty soon appeared first on AMBCrypto.

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FTX opens doors to Ethereum NFTs, are investors taking to it

The world of NFTs has made it to FTX but looking at investors it doesn’t look like they have reciprocated as significantly. But maybe this could work out in favor of both FTX and NFTs since they areThe post FTX opens doors to Ethereum NFTs, are investors taking to it appeared first on AMBCrypto.

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What Crypto Billionaire Sam Bankman-Fried Has To Say About Solana Taking The Lead Over Ethereum

Sam Bankman-Fried, the 29-year crypto billionaire who helms FTX exchange, has recently weighed in on the possibility of Solana surpassing Ethereum by market capitalization as it’s a more usable, low-cost alternative.

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Is SOL Taking on Ethereum (ETH)? Solana-based Oracle Network Pyth Continues to Add Big Names

A Bernstein report notes that while Ethereum is “an organic, cultural movement,” FTX’s backing provides Solana a “strong edge.” The post Is SOL Taking on Ethereum (ETH)? Solana-based Oracle Network Pyth Continues to Add Big Names first appeared on BitcoinExchangeGuide.

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