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FTX

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05 Jun 23

Met museum to refund $550k in donations from FTX

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the aftermath of FTX’s bankruptcy, The Metropolitan Museum of Art confirms its decision to return $550,000 in donations from the crypto exchange. The Metropolitan Museum of Art, New York, has declared its intentions to refund $550,000 it received from FTX, […]

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29 May 23

US prosecutors gather evidence including code and millions of pages of emails against FTX boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prosecutors in the United States building a case against former FTX boss, Sam Bankman-fried (SBF), have reportedly gathered a trove of relevant evidence that includes code snippets, millions of pages of emails, and other digital records, the New York Times recently […]

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29 May 23

Temasek reduces compensation for staff responsible for botched FTX investment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singapore-based investment firm, Temasek Holdings, has cut down the compensation of its executives responsible for the failed investment in the now-bankrupt crypto exchange, FTX. Temasek disappointed in failed FTX investment Lim Boon Heng, the chairman of Temasek Holdings, said the firm would reduce […]

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24 May 23

Shaquille O’Neal officially served in FTX class-action lawsuit at NBA game

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the latest development in the FTX class-action lawsuit, NBA legend Shaquille O’Neal was formally served during the broadcast of a Miami Heat versus Boston Celtics game. In a recent turn of events, NBA legend Shaquille O’Neal has been officially served […]

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23 May 23

FTX unveils FTX 2.0 strategy, FTT token surges 17% surge

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Under the guidance of CEO John Ray III, FTX unveiled resurrection plans in a new project known as FTX 2.0. Documents recently filed in the United States Bankruptcy Court for the County of Delaware provide insight into the comprehensive planning and […]

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12 May 23

Former FTX compliance chief supports lawsuit against celebrity promoters

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A class action lawsuit against celebrities accused of promoting the now-bankrupt FTX exchange has gained the cooperation of former FTX and FTX U.S. compliance chief Daniel Friedberg. In a proposed amended complaint filed on May 11, class action lawyers revealed that Friedberg provided […]

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09 May 23

Former FTX CEO Sam Bankman-Fried wants most criminal charges dismissed

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sam Bankman-Fried (SBF), who previously served as CEO and co-founder of FTX, is seeking to have most of the criminal charges against him dropped by federal prosecutors prior to his trial. In a last-minute legal move, SBF’s defense team filed seven […]

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04 May 23

FTX seeks to recover nearly $4b in bankruptcy case

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely repaid” the roughly $8 billion it lent to Alameda Research, a company […]

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26 Apr 23

FTX to sell LedgerX for $50 million to Miami International Holdings affiliate

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt crypto exchange FTX has inked a purchase agreement deal with an affiliate of Miami International Holdings to sell digital currency futures and options exchange and clearinghouse LedgerX for $50 million. FTX has agreed with M7 Holdings, an affiliate of Miami […]

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20 Apr 23

Startup bounces back from $20m FTX investment gone wrong

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coral, a crypto infrastructure company, has managed to bounce back from a nearly $20 million investment from FTX gone wrong. This comes after it had been wiped out in September 2022, just six weeks after FTX invested a substantial amount in […]

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