FTX’s next distribution slated for May 30

Defunct crypto exchange FTX will commence its next distribution on May 30, following initial repayment that started this week.

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FTX to return Japanese customers’ assets next year

FTX Japan has finally disclosed plans to repay consumers, although there may be more bumps along the road.

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'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment

Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests.

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SEC charges SBF with defrauding investors

SEC states Sam Bankman-Fried “concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1. 8 billion from investors The Securities and Exchange Commission on December 13, charge SBF with “orchestrating a scheme to defraud equity investors in FTX Trading Ltd (FTX)” Since May, 2019, FTX raised over $1.

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Litecoin price prediction for December 2022

Litecoin LTC/USD has advanced from $54.49 to $84.97 since the beginning of November 2022, and the current price stands at $74.97. While the cryptocurrency market was going through a heavy drop after the collapse of FTX, Litecoin showed bullish momentum, and one of the reasons that may have influenced the growth of LTC could be […] The post Litecoin price prediction for December 2022 appeared first on Invezz.

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US lawmakers question federal regulators on banks' ties to crypto firms

“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.

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Celsius Bankruptcy Ruling May Give Hope to FTX Victims

A U.S. judge has determined that certain customers of bankrupt crypto lender Celsius Network are entitled to receive their deposits back. The post Celsius Bankruptcy Ruling May Give Hope to FTX Victims appeared first on BeInCrypto.

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Do Kwon Says Alameda Instigated Terra’s Downfall – Suggests FTX’s Collapse Is Deserved

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Sam Bankman-Fried may not testify before US Congress on Dec. 13

FTX founder Sam Bankman-Fried may not testify before the United States House Committee on Financial Services on December 13 because he is still “learning and reviewing what happened” at the bankrupt exchange.

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Former FTX CEO May Have Influenced Alameda Research to Invest $1.15B in Mining Firm Genesis Digital

Coinspeaker Former FTX CEO May Have Influenced Alameda Research to Invest $1. 15B in Mining Firm Genesis Digital Alameda consulted troubled entrepreneur Sam Bankman-Fried before investing in Genesis Digital.

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Bitcoin Price Soars 5% In Last 7 Days – More Increases Coming This Week?

In recent days, Bitcoin has shown a good degree of bullishness. CoinGecko reports that Bitcoin’s price has increased on a daily and biweekly basis, suggesting that the market may be recovering from FTX’s fall.

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Ex-FTX boss publicly turns down US House hearing request 

Lawmakers wanted to question the disgraced FTX founder, but Bankman-Fried may be hesitant to discuss FTX because lying under oath to Congress is illegal.

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Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain

Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion.

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Did SBF Admit to Fraud Over Speculation of Mishandling Users’ Funds? 

Details remain unclear, but Sam Bankman-Fried (SBF) may have unintentionally admitted to fraud during a recent live Twitter space. Now, a 'whistleblower' is claiming to know more about FTX and Alameda Research were manipulating the market.

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Tron Price Analysis & Prediction (Dec 2nd) – This Pattern May Trigger Fresh Bearish Actions if TRX Fails to Hold Gains

Tron’s price seemed to have recovered well from the global crypto market crash in November caused by the FTX exchange collapse. Following this recovery, it is currently trading near a crucial resistance where the price is likely to fall again.

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Binance Exec Says Firm's 'Centralized Exchange' May Not Be Around in 10 Years

In a bid to alleviate worries for retail investors, Patrick Hillman, chief strategy officer at Binance, discusses the crypto exchange’s proof-of-reserve system following the collapse of FTX.

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New Crypto Regulations Might Not Be Needed According to Fed Governor

A Federal Reserve governor has said that new crypto regulations for the industry may not be needed as the FTX collapse didn't affect banks. The post New Crypto Regulations Might Not Be Needed According to Fed Governor appeared first on BeInCrypto.

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BlackRock CEO Larry Fink Says FTX Collapsed Because It Created Its Own Token – so Is Binance Next?

BlackRock CEO Larry Fink ascribes the downfall of FTX to its own token, leaving others to fear the same scenario may transpire for Binance. The post BlackRock CEO Larry Fink Says FTX Collapsed Because It Created Its Own Token – so Is Binance Next? appeared first on BeInCrypto.

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FTX hacker may be a former employee, says Sam Bankman-Fried

Ex-FTX CEO Sam Bankman-Fried said the exchange’s hacker might be a former employee. The crypto exchange lost $650 million in a hack a few hours after it filed for bankruptcy. FTX was prioritising Bahamian withdrawals, SBF added.

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Independent research verifies GBTC’s 633K Bitcoin: So why won’t Grayscale?

In the wake of the FTX crisis, proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it, analysts may step in.

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Going short on SOL? The latest price action may convince you to think twice

Following FTX's collapse, traders since took to shorting SOL. While price might be up in the last 24 hours, outlook still appears bearish. With the last few days marked by a decline in SolanThe post Going short on SOL? The latest price action may convince you to think twice appeared first on AMBCrypto.

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Binance US Steps Into National Politics With New Campaign PAC

As campaign mega-donor Sam Bankman-Fried and his FTX compatriots vanish from U.S. policy circles, their absence left a void in the crypto industry’s political involvement. Part of that may be filled by the U.S. arm of rival Binance.

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Who Is Alameda Research's Caroline Ellison?

The former CEO of Alameda reportedly told staff as the fallout was happening that the trading firm may have misused FTX client funds. Did she have the power to say no?

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FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says

Dragonfly Capital Partner Tom Schmidt discusses the “red flags” VCs may have missed following FTX’s collapse and how it is likely to influence funding moving forward.

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BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation

Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on November 21, where he said that the FTX collapse was triggered by an run and that the crypto space should be brought under regulation to offer stability.

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New FTX CEO Paid $1,300 an Hour, Court Filings Show

Non-executive directors hired in the wake of the crypto exchange’s collapse are earning $50,000 a month – but the fees may pale in comparison to the overall costs of corporate restructuring.

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Is Solana Next to Enter Cryptocurrency Graveyard?

Current cryptocurrency market and FTX circumstances may prevent Solana from reaching its target of being Ethereum killer

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FTX can take down other investing companies

The dust after one of the most dramatic crashes in the crypto industry is starting to settle. But the information that the companies in which FTX and Alameda Research invested may also find themselves in uncertainty is being heard more and more often.

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If You Lost Money on FTX, You May See Some Tax Relief

What you need to know for your 2022 tax filing if you lost money or used the FTX crypto exchange.

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Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis

BTC’s price targets now include $12,000, with Ether potentially falling to $800 for the pit of the bear market.

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U.S. Regulators May Face Scrutiny Over FTX Links

FTX’s ties to political and regulatory figuresespecially those who have received donations from its principal executiveshave raised suspicions. Scrutiny for U. S. Regulators Several former U.

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FTX Collapse May Bring Bull Market Faster, Says Prominent Trader

Murad Mahmudov has put a positive spin on the ongoing cryptocurrency market collapse

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Bahamas May Have Directed 'Unauthorized' FTX Transactions, Filing Says

The company says it has 'credible evidence' the Bahamas government directed unauthorized access to FTX systems after the company filed for bankruptcy in the U.S.

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Bahamas Government May Have Directed 'Unauthorized' FTX Transactions, New Bankruptcy Filing Says

The company says it has 'credible evidence' the Bahamas government directed unauthorized access to FTX systems after the company filed for bankruptcy in the U.S.

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FTX may be a fraud, Ripple CEO suggests

Ripple CEO Brad Garlinghouse suggested that the edgy FTX exchange was a fraudulent scheme.  Garlinghouse dismisses FTX unregulated claim as “overstated” During a recent interview on CNBC International today, Ripple CEO Brad Garlinghouse, while speaking on the current trend in…

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CryptoSlate Wrapped Daily: SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense

The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process.

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Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Most digital assets trade lower on Wednesday as another crypto firm gets hit by the FTX contagion. Some analysts see enduring interest from institutional investors – possibly at an even lower entry price than previously contemplated.

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FTX crisis could extend crypto winter to the end of 2023: Report

The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.

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FTX may have more than one million creditors

Bankrupt crypto exchange FTX has said it could have more than a million creditors on its books.

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Collapse of Crypto Exchange FTX Sees Long-Term Bitcoin Holders Shift to Distribution

A sustained decline in bitcoin owned by long-term holders may mean a widespread loss of conviction, Glassnode said.

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FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say

FTX filed more than 100 bankruptcy dockets. In a new filing posted late Monday, it finally revealed some of the details of how the exchange chose to enter bankruptcy.

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The Bitcoin Maxis Warned You About FTX

What the FTX failure means for Bitcoin, and why it may be the best thing to happen in 2022 as well as the catalyst for the next bull market.

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First Mover Asia: Extreme Fear Hits Crypto as FTX Hack Makes Bad Situation Worse. What Comes Next?

Bitcoin just had its worst week since the aftermath of the Terra blockchain's collapse. PLUS: Sam Reynolds takes a fresh look at the U.S. Securities and Exchange Commission's case against Ripple, where a 2018 SEC official’s speech motes may prove crucial.

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The BAYC-FTX connection: Why the Apes may not climb any price trees soon

BAYC’s royalties and treasury were stored on the FTX US exchange Floor price and volume dropped significantly over the week The NFT market felt the impact of falling prices as crypto ratesThe post The BAYC-FTX connection: Why the Apes may not climb any price trees soon appeared first on AMBCrypto.

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Attention KCS holders! This week may be far from your expectations because...

Crypto assets or firms, thanks to the FTX exposure, are either being dumped like FTT or closing shop like BlockFi. And allegedly KuCoin exchange’s exposure to FTX spooked users. Amidst the overall bThe post Attention KCS holders! This week may be far from your expectations because... appeared first on AMBCrypto.

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For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses

FTX’s collapse may turn off some investors from putting money into crypto altogether, but it could be an opportunity for Coinbase to pick up market share.

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As The FTX Collapse Shows, Time, Money And People May Change But Liquidity Crises Don't

FTX's collapse mirrors that of most liquidity crises over the last 100 years, but Bitcoin offers a break in the cycle.

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Tech Workers Still in Demand Despite Mass Layoffs, Says Ripple CTO

With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted that they may not have to look far.

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FTX ex-exec floats ‘cool token’ idea amid warning rebound may take years

Zane Tackett suggests alternatives to “boomer procedures” when it comes to FTX’s bankruptcy.

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