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FTX looking to sell off Solana holdings via blind auction
Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be… дальше »
2024-4-24 14:33 | |
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How Mt.Gox’s looming $9 billion payout could impact Bitcoin
Mt. Gox is likely to distribute the 142,000 Bitcoin that it owes to creditors, in the coming weeks. The development is making headlines as an analyst highlights the possibility of Bitcoin price rally grinding to a halt as the defunct exchange offloads BTC. дальше »
2024-4-24 00:54 | |
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FTX creditors invited to bid on Solana tokens in new auction format
FTX creditors have been urged to participate in the defunct exchange’s bankruptcy estate’s planned auction of its remaining Solana token holdings. On April 20, Figure CEO Mike Cagney revealed that the next round of FTX’s locked Solana token sales would be via auction, compared to previous ones sold directly to venture capital firms like Galaxy […] The post FTX creditors invited to bid on Solana tokens in new auction format appeared first on CryptoSlate. дальше »
2024-4-23 18:00 | |
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Sam Bankman-Fried Getting Ready For Prison Sentence? US Gov’t Gets Greenlight To Sell Assets
As Sam Bankman-Fried, the founder and former chief executive officer (CEO) of defunct crypto exchange FTX readies for his prison sentence, prosecutors have formally requested the court to authorize the sale of two jets linked to the former crypto billionaire. дальше »
2024-3-24 22:00 | |
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Anthropic founders block Saudi Arabia from buying FTX-owned stake
AI firm Anthropic has blocked Saudi Arabia from engaging in the sale process of 8% of its shares — currently owned by defunct crypto exchange FTX, CNBC reported on March 22, citing people familiar with the matter. дальше »
2024-3-24 02:14 | |
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US judge rules in favour of FTX users against defunct Silvergate Bank
A San Diego federal court judge has merited a class action by FTX users against the defunct Silvergate Bank for its role in aiding fraud against them before the exchange collapsed. Judge Ruth Bermudez Montenegro declined Silvergate’s dismissal motion, finding the class action sufficiently justified for the bank’s dealings with FTX and its trading firm, […] дальше »
2024-3-22 14:45 | |
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John Ray exposes ‘vast’ harm to FTX customers, counters SBF’s solvency claims
FTX CEO John Ray III has debunked Sam Bankman-Fried’s (SBF) claims about the level of losses suffered by users of the defunct exchange. In a March 20 letter to Judge Kaplan, Ray said Bankman-Fried’s statements were “categorically, callously, and demonstrably false” because the exchange users would “never be in the same position they would have […] The post John Ray exposes ‘vast’ harm to FTX customers, counters SBF’s solvency claims appeared first on CryptoSlate. дальше »
2024-3-21 14:22 | |
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Is FTX’s Sam Bankman-Fried Ditching Prison? Lawyers Reveal Daring Next Steps
A recent court filing revealed plans that the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), had drafted to ensure he avoids jail term. SBF, whose sentencing comes up on March 28, faces the possibility of spending up to 100 years locked behind bars. дальше »
2024-3-19 21:00 | |
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Court upholds SEC’s unregistered securities claims against Gemini, Genesis’ Earn program
A federal court denied crypto exchange Gemini and Genesis Global Capital’s joint motion to dismiss the SEC’s case regarding their defunct Gemini Earn program, according to a March 13 filing. дальше »
2024-3-14 23:31 | |
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Gemini and Genesis Can Be Sued by SEC Over Defunct Earn Product, Judge Rules
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing. дальше »
2024-3-14 22:40 | |
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FTX secures court approval to sell 8% Anthropic stake
Defunct crypto exchange FTX has secured court approval to sell its stake in artificial intelligence (AI) startup Anthropic Holdings, potentially adding over $1 billion to its assets earmarked for repaying creditors. дальше »
2024-2-24 00:02 | |
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FTX Exchange Saga: Law Firm Handling Bankruptcy Accused Of Complicity In Fraud
In an interesting development, FTX creditors have launched a class action lawsuit against Sullivan and Cromwell (S&C), the law firm that is currently responsible for handling the bankruptcy proceedings of the defunct exchange. дальше »
2024-2-19 10:38 | |
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Nearly 60% of coins listed on CoinMarketCap died in 2023, data shows
A new research report conducted by AlphaQuest and Storible shows that among 12,343 crypto projects investigated, over 8,850 have become defunct in the past year. The latest crypto winter wiped out more than half of cryptocurrencies listed on CoinMarketCap, what… дальше »
2024-2-17 13:00 | |
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Judge approves sealed settlement between BlockFi and 3AC
In a pivotal development for BlockFi and Three Arrows Capital (3AC), a United States judge, Michael Kaplan, in a court hearing on Tuesday provided the legal nod to a settlement that puts an end to the financial disputes between the crypto lender and the defunct crypto hedge fund. BlockFi had asserted a claim of $129 […] дальше »
2024-2-8 12:02 | |
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FTX’s Sam Bankman-Fried Requests To Be Released From Prison, Court Responds
The former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), will have to remain in jail pending his sentencing and a possible appeal. This comes after the court recently ruled on his request for bail. дальше »
2023-11-24 17:00 | |
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FTX Moves $36 Million In Polygon, Avalanche Tokens In Last 24 Hours – What’s Going On?
FTX Derivatives Exchange has carried out a new round of token transfers, with the latest data indicating that the defunct digital trading company traded about $36 million with Polygon (MATIC) and Avalanche (AVAX) in the last day. дальше »
2023-11-23 20:00 | |
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FTX’s FTT Token Leads Market Gains With 55% Rally, What’s Driving It?
The utility token of the defunct crypto exchange FTX, FTT is one of the top gainers in the last few days, rising 55% in just 48 hours alone. This has led to speculations as to what may be driving the token’s rally. дальше »
2023-11-24 19:00 | |
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Mt. Gox creditors anticipate repayments in 2023: trustee’s update
In a significant development for creditors of the defunct Mt. Gox exchange, an update from the bankruptcy trustee, Nobuaki Kobayashi, indicates that repayments are on the horizon. After years of legal battles, creditors are poised to receive their dues, with plans to initiate repayments in the year 2023. дальше »
2023-11-22 13:25 | |
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Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer
Celsius Network and its debtors intend to turn the defunct lender into a Bitcoin miner as part of its restructuring, according to a Nov. 20 press release. Celsius customers will own the new entity, tentatively stated as ‘Mining NewCo. дальше »
2023-11-21 21:30 | |
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Bitcoin Price Roaring, Why Is Liquidity Very Low And At Q4 2022 Levels?
The Bitcoin (BTC) price is roaring at spot rates, recently ripping above the July 2023 resistance level. The coin is at new 2023 highs, recovering after plunging in 2022. Part of the sharp sell-off, especially in November 2022, was because of the collapse of FTX and Alameda Research, the trading wing of the defunct crypto […] дальше »
2023-11-14 04:00 | |
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Genesis, Three Arrows Capital Reach Agreement on $1B of Claims
The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC. дальше »
2023-11-13 13:59 | |
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FTX wallets unstake $160m in SOL, prompting price drop
Analysts at Lookonchain say a total sum of $160 million worth of SOL has been unstaked by FTX wallets recently. Digital wallets tied to the defunct crypto exchange FTX have unstaked 3.9 million Solana (SOL), worth around $160 million. It… дальше »
2023-11-6 16:01 | |
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FTX Founder Sam Bankman-Fried Headed To Prison, What Was He Convicted Of?
The jury in the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), gave its verdict on November 2 in what signals the beginning of the end for the one-time billionaire who faces a long prison term following his conviction. дальше »
2023-11-3 13:30 | |
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Jury Will Decide If FTX’s Sam Bankman-Fried Will Go To Prison Starting Today
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), is gradually coming to an end as the defendant’s fate could be decided starting on November 2. The defendant faces up to 110 years if found guilty of all charges by members of the jury. Time For A Verdict In […] дальше »
2023-11-2 13:45 | |
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Tax Evasion Puts Oyster Protocol’s Founder In Jail For 4 Years
The court has sentenced Amir Bruno Elmaani, the founder of the defunct crypto firm Oyster Protocol, to four years in prison for evading taxes. According to the US Attorney’s Office’s October 31 statement, 31-year-old Elmaani, alias Bruno Block, received the sentence after pleading guilty on April 6. дальше »
2023-11-1 19:00 | |
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Sam Bankman-Fried’s Defense Breaks Down: Testifies To Issues Within FTX
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 31, with the prosecution cross-examining the defendant. Despite the line of questioning from the prosecutor, SBF managed to spin his narrative on what went on at the crypto exchange. дальше »
2023-11-1 12:45 | |
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Sam Bankman-Fried Digs Himself A Hole As This FTX Execs’ Text Thread Is Exposed In Court
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), resumed on October 30 with the continuation of the defendant’s direct examination by his primary counsel, Mark Cohen. дальше »
2023-11-1 18:00 | |
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Sam Bankman-Fried’s Credibility At Stake As Prosecutors Grill FTX Founder About Days Before Bankruptcy
On Monday, October 30, Chief Executive Officer and founder of the defunct cryptocurrency exchange FTX, Sam Bankman-fried‘s credibility was bombarded in cross-examination on days before the exchange’s bankruptcy by a federal persecutor as he took his stand for a second day of testimony in the federal court. дальше »
2023-10-31 16:00 | |
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What Happened To The Plan To Sell FTX To Binance? Sam Bankman-Fried Tells All
The former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), took the stand once again on October 27. This time, it was in front of the jury as Bankman-Fried had a lot to say about what went on at his former company, including revelations about how he planned to sell the exchange to […] дальше »
2023-10-28 23:00 | |
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The Most Jaw-Dropping Revelations Made About FTX’s Sam Bankman-Fried During Trial
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), has produced some interesting revelations even as SBF is set to testify in his case when his hearing resumes on October 26. дальше »
2023-10-26 12:05 | |
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Nearly 4,800 Bitcoin (BTC) Linked to Defunct Darknet Marketplace Moved to Bitcoin Mixer
Around 4,800 Bitcoin ($144 million) linked to the defunct darknet marketplace Abraxas was transferred to a Bitcoin mixer, indicating potential money laundering, according to blockchain analyst ZachXBT. дальше »
2023-10-25 16:45 | |
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Sam Bankman-Fried’s Defunct Exchange FTX Receives Multiple Bids for Restart
Options also include a sale of the exchange, which boasted 9 million users before going bankrupt. дальше »
2023-10-25 13:20 | |
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Bankrupt FTX shifts $10M in assets to Coinbase and Binance
Addresses linked to defunct crypto exchange FTX transferred more than $10 million in digital assets to Coinbase and Binance during the early hours of today, Oct. 25, according to on-chain data. Data from the Arkham Intelligence platform indicates that the assets involved in this transfer encompass 2,904 Ethereum (equivalent to $5. дальше »
2023-10-25 12:15 | |
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FTX Creditors' Lawyers Promote Deal Giving Investors 90% of What's Left in SBF's Empire
A deal was secured to pay those who had money at defunct FTX as much as 90% of the assets that remain, and now the lawyers representing some creditors are trying to get enough of those investors on board to make it happen. дальше »
2023-10-24 22:18 | |
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Sam Bankman-Fried Trial: Why This Week Is Very Important For The FTX Founder
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), is fast approaching the verdict stage as the prosecution closed its case last week. Following this, Bankman-Fried and his lawyers are set to open their defense (or maybe not) this week in what could prove very pivotal as to the […] дальше »
2023-10-23 14:45 | |
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FTX Legal Counsel Takes The Stand: A Testimony That Could Send Sam Bankman-Fried To Prison
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 19 with the witness testimony of Can Sun, a former General Counsel at FTX. During direct examination, Sun provided details that further implicated the defendant as the prosecution rested its case. дальше »
2023-10-20 15:00 | |
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Sam Bankman-Fried Headed To Prison? FTX Engineer Drops Bombshells During Cross
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 17 with the cross-examination of FTX’s former Director of Engineering Nishad Singh. In continuation of what was said from the previous day, Singh provided more details as to SBF’s wrongdoings while being cross-examined by SBF’s lawyer, Mark […] дальше »
2023-10-18 12:00 | |
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FTX Estate Stakes $122 Million Solana (SOL), Quells Fear Of Token Sell-Off
The FTX estate has reportedly staked 5. 5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend. дальше »
2023-10-15 20:00 | |
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BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial
The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom. Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. дальше »
2023-10-14 05:00 | |
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No Love For FTX: Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), resumed on October 10. As expected, the prosecution called Alameda Research’s ex-CEO and SBF’s ex-girlfriend, Caroline Ellison, to testify against the defendant. дальше »
2023-10-11 11:30 | |
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