Tags: FTX

FTX disputes IRS claim of $24 billion, citing inflated amount and implausible tax obligation.

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets

Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.

If the judge signs off on it, DCG’s debt should be repaid in full by April.

TRM Labs Taps Swyftx to Tackle Crypto Scams in Australia

The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers.

The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.

Binance.US attorney Matthew Laroche has asked a federal judge to consider putting an end to the SEC‘s investigation for potential fraud.

Binance and CZ’s ongoing legal drama with United States law enforcement ended with a plea deal.

The former billionaire paid four “macks” for a haircut before his trial while staying at the Brooklyn Metropolitan Detention Center.

This surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.

The court cited Sam Bankman-Fried’s alleged witness tampering as the main grounds for rejecting his release bid.

FTX has effectively transferred an impressive $488 million across 48 distinct tokens since October 24.

Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since.

Using Web3 and NFTs to create another slate of millionaires isn’t a good use of the technology, says EndeavourXR CEO Amy Peck.

The CFTC isn‘t any better suited to stop a collapse like FTX today than it was a year ago, said commodities chief Rostin Behnam.

The bankruptcy estate of failed crypto exchange FTX filed a lawsuit against Bybit, its investment arm, Mirana, and several executives to recover $953 million Bybit withdrew from FTX just before its collapse. 

The days of the crypto cowboys, such as FTX and Binance, are over, said O’Leary.

A U.S. bankruptcy court judge has ordered the end of an automatic holding placed on claims settlement proceedings between the two bankrupt crypto companies FTX and BlockFi.

FTX and Alameda Research deposit $24M worth of assets (SOL, MATIC, ETH) onto Kraken and OKX, per Spot On Chain.

FTX Foundation employee Ross Rheingans-Yoo said he was not part of Sam Bankman-Fried’s “inner circle” and knew nothing about FTX’s fraud.