FTX

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30 Mar 23

Ledger sees funding success in wake of FTX collapse

The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant increase in demand for […]

30 Mar 23

OKX to release $157m in frozen FTX and Alameda

Crypto exchange OKX announced today that it would hand over roughly $157 million in frozen assets linked to FTX and Alameda Research to debtors. In a press release on March 29, OKX announced its response to a motion submitted in the FTX bankruptcy proceedings. For #OKX, doing right by crypto traders & the industry is […]

28 Mar 23

Genesis execs receive discounted FTX tokens before public launch

People familiar with the matter have revealed that some of the executives at the bankrupt crypto lender Genesis Global Capital have received discounts on FTX’s native token, FTT, and serum (SRM), which was also launched with the help of the collapsed exchange and its hedge fund, Alameda Research. According to Financial Times (FT) reporter Kadhim […]

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23 Mar 23

FTX pursuing $460m from SBF-backed Modulo Capital

Amid SVB’s collapse, the defunct cryptocurrency exchange FTX is suing the venture capital company Modulo Capital, which got a significant investment from Alameda Research last year. The lawsuit seeks to recover $460 million in client monies that FTX is said to have improperly taken. Due to the settlement, both companies can avoid an expensive legal struggle; nonetheless, the monies […]

22 Mar 23

BitBoy Crypto reportedly threatened FTX class action lawyers

Class action lawyers argue that Ben Armstrong, who stands behind BitBoy Crypto YouTube, often threatened them because they were suing them for advertising the fallen FTX cryptocurrency exchange. After being identified as a defendant in a class action lawsuit, Ben Armstrong began harassing the attorneys representing the plaintiffs, according to court documents. Lawyers for the class […]

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22 Mar 23

Mysterious crypto trader quit FTX and SVB just before they collapsed

A crypto trader with an address dubbed Smartestmoney has deposited 7,868 ETH tokens (roughly $14 million) on Binance. They also withdrew $19 million from FTX before its collapse last year. Blockchain analytics platform Lookonchain has revealed that a crypto trader that bills with an address named smartestmoney.eth moved $14 million worth of ETH to Binance. […]

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20 Mar 23

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 Reuters, the lawsuit was filed in the US court for the Southern District of New […]

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18 Mar 23

FTX had a 6.8b hole when it filed for bankruptcy

FTX, the defunct crypto exchange, had a $6.8b hole in its balance sheet when it declared bankruptcy last year. According to the group’s advisors, FTX’s debt includes a $10.6b deficit for the main FTX.com business and an $87m short for FTX.U.S. Alameda Research, the trading wing of FTX, had $2.6b in net assets. Meanwhile, FTX […]

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18 Mar 23

Retailers accumulating bitcoin at the fastest pace since FTX collapse

Onchain data shows that retailers have been accumulating bitcoin (BTC) at the fastest pace since the collapse of FTX, a cryptocurrency exchange. Retailers accumulating bitcoin Glassnode shows that “shrimps”, that is, small-scale retail holders with between 0.1 BTC and 1 BTC, ramped up their buying activity this week amid concerns of a banking collapse in […]

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16 Mar 23

FTX influencers face $1b fraud lawsuit over crypto promotion

The Moskowitz Law Firm represents the plaintiffs in a class-action lawsuit led by Edwin Garrison against “FTX influencers,” mainly operating on YouTube. The lawsuit alleges that these influencers promoted FTX crypto fraud without disclosing compensation and seeks $1 billion in damages. The lawsuit was filed on March 15 in the Miami division of the southern […]

Ledger sees funding success in wake of FTX collapse

OKX to release $157m in frozen FTX and Alameda

Genesis execs receive discounted FTX tokens before public launch

FTX pursuing $460m from SBF-backed Modulo Capital

BitBoy Crypto reportedly threatened FTX class action lawyers

Mysterious crypto trader quit FTX and SVB just before they collapsed

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

FTX had a 6.8b hole when it filed for bankruptcy

Retailers accumulating bitcoin at the fastest pace since FTX collapse

FTX influencers face $1b fraud lawsuit over crypto promotion

Crypto industry pushed to bank with institutional investors

Ledger sees funding success in wake of FTX collapse

Denmark’s supreme court rules bitcoin profits are taxable

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