FTX Strikes Back: Sues Ex-Clinton Aide’s Investment Firm For $700 Million

According to a Reuters report, Bankrupt cryptocurrency exchange FTX has filed a lawsuit against K5 Global, an investment firm co-founded by Michael Kives, a former aide to Hillary Clinton. The lawsuit seeks to recover $700 million in investments allegedly made with misappropriated FTX funds.

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Sam Bankman-Fried Switches Legal Counsel as Investigations Into FTX Collapse Mount: Report

Former FTX CEO Sam Bankman-Fried will no longer be represented by his legal counsel at Paul, Weiss, Rifkind, Wharton & Garrison, a white-shoe law firm, less than a week after retaining the firm to represent him.

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CoinShares’ $30.3 million assets stuck on FTX

Coinshares, in a recent statement today, revealed that it had lost $30.3 million to the FTX saga. The firm claimed to have held BTC and ETH with the firm but still affirmed it was financially stable.

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dYdX users can only close Solana (SOL) trades 

dYdX in a recent statement today, announced that independent exchange Solana trades were now available in 'close only' mode. The firm's statement comes after the SOL ecosystem turned out to be among the big victims of the ongoing FTX collapse.

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Kraken has no exposure to Alameda but owns some FTT

Kraken exchange, in a press release has affirmed to having no ties with Alameda. Despite affirming this, the firm revealed to holding roughly 9,000 FTT tokens on the FTX platform.

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FTX Faces Federal Probes as FTX Ventures, Alameda Sites Go Dark

FTX’s plight continuestwo of its related websites have gone offline while the firm faces mounting regulatory scrutiny. Alameda, FTX Ventures Go Offline Two sites affiliated with FTXthose of FTX Ventures...

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Alameda, In Eye of Crypto Storm, Takes $37M of Wrapped Bitcoin Off FTX.US Exchange

The purpose of the token movements is unclear, and the amount likely a small portion of the overall firm's holdings, but the observation shows Alameda scrambling to arrange its finances – using the Ethereum blockchain.

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Crypto market maker Wintermute has funds stuck on FTX

Crypto market maker Wintermute has confirmed that it has funds stuck in the embattled crypto exchange FTX. However, the firm has said that the amount of funds held in the exchange is not much and they are within their risk tolerance.

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Coinbase, Tether, and Circle deny exposure to Alameda and FTX

Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk.

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Crypto Financial Firm Galaxy Digital Reveals $76.8M FTX Exposure as CEO Novogratz Hunkers Down

The firms also reported a net loss of $68.1 million for the third quarter.

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BitDAO suspects Alameda of dumping BIT tokens, asks for proof of funds

BitDAO (BIT)suspected FTX founder Sam Bankman Fried’s venture capital firm Alameda Research of breaching an agreement made in 2021 and selling its 100 million BIT tokens, causing BIT to plummet.

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Ethereum Reserves Of FTX Collapse In The Midst Of Liquidity problems

FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm. First, there appears to be an ongoing war between FTX and the Binance crypto exchange.

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FTT price falls amid liquidation claims

FTT price has dropped by more than 12% in the past seven days following some issues with a leaked Balance Sheet of FTX’s sister firm Alameda Research. In particular, the leaked balance sheet showed an imbalance in Alameda’s financials and triggered fear among investors who have been withdrawing funds including stablecoins from FTX at an […] The post FTT price falls amid liquidation claims appeared first on CoinJournal.

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Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition

Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.

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CryptoSlate Wrapped Daily: Vitalik deems crypto better than gold; SBF hints at creating FTX-backed stablecoin

The biggest news in the cryptoverse for October 27 includes  Vitalik Buterin affirming that crypto is better than gold, FTX planning to create its stablecoin, Bitcoin mining firm Core Scientific on the verge of insolvency, and a user paying just $0.

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FTX Sends 50,000 Ethereum To Voyager, FTX Token Witnesses Pump And Dump

In a recent report, FTX sent 50,000 Ethereum worth about $65 million to Voyager Digital’s main wallet. The CEO of Nansen, a blockchain analytics firm, Alex Svanevik, confirmed the transaction in a tweet.

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FTX will pay fair market value for Celsius, SBF says

FTX CEO Sam Bankman-Fried said his firm would pay a “fair market price” for Celsius’ assets if it gets involved in the bankrupt lender acquisition process in an October 2 tweet. The post FTX will pay fair market value for Celsius, SBF says appeared first on CryptoSlate.

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FTX reportedly considers bailing out Celsius via asset bid

Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion.

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Embattled Crypto Broker Voyager To Sell Assets To Sam Bankman-Fried’s FTX For $1.4B

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Crypto Exchange FTX Not Authorized in UK, Financial Watchdog Warns

The U.K. Financial Conduct Authority warned Sam Bankman-Fried's firm may be providing financial services or products to local customers without its authorization.

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British regulator lists FTX crypto exchange as 'unauthorized' firm

The Financial Conduct Authority claims that the company “may be providing financial services or products without authorization.”

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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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Crypto Lender Voyager Digital Has Received Several Purchase Offers Higher Than FTX’s: Report

Voyager last week rejected FTX’s proposal to purchase the assets of the bankrupt crypto firm and offer early liquidity to its customers.

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FTX Offers To Bail Out Voyager’s Customers But At A Price

Crypto exchange FTX has stepped up its charm offensive on Voyager Digital, with the latter’s customers now facing an uncertain future after the beleaguered crypto firm filed for a chapter 11 bankruptcy two weeks ago, denying them access to their assets.

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Is FTX Proposal Offering Voyager Customers a Good Deal? One Bankruptcy Expert Weighs In

Thomas Braziel, a partner at investment firm 507 Capital joined CoinDesk TV’s “First Mover” to discuss whether customers are getting the best deal from crypto trading platform FTX and why it could be best for Voyager Digital customers to weigh their options.

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Failed Lender Voyager: ‘No Customer Will Be Made Whole’ Under FTX Proposal

FTX CEO Sam Bankman-Fried said his firm's offer would give Voyager customers back 100% of the remaining assets, while Voyager’s lawyers argue that it only benefits FTX.

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Voyager: ‘No Customer Will Be Made Whole’ Under FTX Proposal

FTX CEO Sam Bankman-Fried said his firm's offer would give Voyager customers back 100% of the remaining assets, while Voyager’s lawyers argue that it only benefits FTX.

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FTX is reportedly looking to buy South Korean crypto exchange Bithumb

FTX, the cyptocurrency exchange firm founded by crypto billionaire Sam Bankman-Fried, is looking to acquire South Korea-based crypto platform Bithumb. Reports of the potential acquisition surfaced on Friday, with major publication Bloomberg citing sources familiar with the development.

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Trading Firm Susquehanna Plots Bahamas Crypto Expansion: Sources

Call it the SBF Effect: Crypto traders and market makers are opening outposts on FTX's home island en masse.

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FTX Close To Buying Troubled BlockFi After Entering A New Deal Worth Nearly $300 Million

BlockFi has signed a term sheet with FTX involving a $400 million credit facility and an option to buy. Depending on BlockFi’s performance in the coming months, FTX could acquire the firm for $240 million.

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BlockFi CEO denies CNBC’s claims that the company is being sold for $25 million

Cryptocurrency lending platform BlockFi has denied claims from CNBC that crypto exchange FTX was in talks to buy the firm for $25 million. The post BlockFi CEO denies CNBC’s claims that the company is being sold for $25 million appeared first on CryptoSlate.

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FTX Tempers Robinhood Buyout Reports

FTX is exploring the possibility of buying out the retail trading firm Robinhood, according to reports from Bloomberg,but has denied that it is currently in talks with the retail trading...

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Morgan Creek Said To Be In Bid To Secure $250-M To Counter FTX BlockFi Bailout

A leaked investor call from Tuesday discloses that Morgan Creek Digital is attempting to collect $250 million from investors to acquire a controlling interest in crypto lender BlockFi. Through participation in BlockFi’s D series fundraise, the cryptocurrency investment firm is one of the company’s largest investors.

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Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

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FTX Could Soon Purchase Stake in BlockFi: Report

The popular crypto exchange FTX could soon purchase a stake in the lending firm BlockFi, according to the Wall Street Journal. FTX Is in Talks With BlockFi FTX and BlockFi...

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SBF continues acquiring stakes in competition with BlockFi talks

FTX’s CEO Sam Bankman-Fried is in talks to acquire a stake in crypto lending firm BlockFi. The post SBF continues acquiring stakes in competition with BlockFi talks appeared first on CryptoSlate.

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FTX CEO Sam Bankman-Fried in talks to acquire a share of BlockFi

FTX’s CEO Sam Bankman-Fried is in talks to acquire a stake in crypto lending firm BlockFi. The post FTX CEO Sam Bankman-Fried in talks to acquire a share of BlockFi appeared first on CryptoSlate.

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FTX US acquires Embed Financial subsidiary for stock trading platform

The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the summer.

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FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure

Clearing firm Embed Financial Technologies will aid FTX’s overall equity trading ambitions.

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FTX’s Sam Bankman-Fried Expresses Willingness To Help Elon Musk Fix Twitter Using Blockchain

SBF is willing to help Musk rebuild Twitter if the board accepts the billionaire’s bid for the firm. The FTX CEO had notably proposed a decentralized model last week. The result of the deadlock between the Tesla chief and the Twitter board remains up in the air.

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Prime Trust Hires Secret Service Veteran to Head Regulatory Affairs

The crypto custody and infrastructure firm counts Binance.US and FTX among its clients.

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Indian Gaming Firm MPL Could Attract Investment From FTX: Report

MPL is looking to raise investment as part of its Series E extension at a valuation of $2.5 billion.

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FTX exchange breaks $32B valuation despite crypto winter fears

FTX raised $400 million funding shortly after its U.S.-based sister firm raised the same amount last week.

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Cosmos-based DEX Osmosis raises $21M from a consortium of investors

Osmosis joins investment firm Paradigm’s other DeFi portfolio members such as Maker, Synthetic, Uniswap, Optimism, FTX, Coinbase and BlockFi.

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$200M Fund For Crypto Projects Launch By Sino Global With FTX Backing

The Beijing-based crypto firm Sino Global Capital launched a $200 million fund backed up by crypto exchange FTX to invest in projects such as DeFi, Web 3.0, and NFT infrastructure. The news was first reported by The Block, along with the firm’s CEO comments about their expectations and further approach. Sino Global explained that Liquid […]

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FTX Exchange Now Valued at $25 Billion Following Successful $420 Million Fundraiser

FTX cryptocurrency exchange has announced that it has successfully secured $420 million in funding through its series B-1 round from 69 investors, increasing the firm’s valuation to $25 billion, according to a press release on October 21, 2021.

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Crypto exchange FTX now supports NFT mining

With the growing demand for NFTs reaching new heights, the latest crypto firm to dive into the space is FTX, a leading crypto exchange. The post Crypto exchange FTX now supports NFT mining appeared first on CryptoSlate.

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FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion

FTX Trading Ltd. announced the firm has closed the largest capital raise in crypto exchange history in a Series B funding round for $900 million. The financing gives FTX a valuation of around $18 billion and the crypto firm aims to expand its global presence.

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Digital Assets AG Introduces Free-Floating Tokenized Stocks On Solana Blockchain

Asset Tokenization firm Digital Assets AG (DAAG) has expanded its tokenized stock services into the Solana blockchain. Solana-based Tokenized Stocks To Debut On FTX The firm announced that the new Solana-based offering would now be available for users on the crypto exchange FTX.

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