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FTX

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20 Apr 23

Judge combines Silvergate and FTX lawsuits over alleged ties

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A court in California has consolidated three investor claims against the collapsed cryptocurrency bank Silvergate Bank, including the failed cryptocurrency exchange FTX. The plaintiffs in the several cases seeking compensation for losses caused by the collapse of Silvergate have joined forces. US district […]

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18 Apr 23

Gensler quizzed on ETH and FTX probe

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SEC Chair Gary Gensler testified before the House Financial Services Committee as Representative Bill Posey questioned him on the collapse of the crypto exchange FTX in November 2022. Gensler evasive on FTX Congressman Posey took over a conversation about how crypto […]

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18 Apr 23

Bankrupt FTX could be revived with $250m investment led by Tribe Capital

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Venture firm Tribe Capital is reportedly contemplating a significant capital injection to help resurrect FTX, the bankrupt crypto exchange. The company is considering leading a $250 million fundraising campaign, anchored by $100 million from itself and its limited partners, as it […]

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13 Apr 23

FTX comeback reports cause a surge in its native token FTT

The value of FTX’s native token has soared by 63% amidst rumors of an exchange comeback after recovering over $7.3 billion in cash and liquid crypto assets After FTX announced that it had successfully recovered over $7.3 billion, its price surged from $1.31 to over $2 in a few minutes. FTT token price | Source: […]

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12 Apr 23

FTX considering a comeback as more funds are recovered

FTX has successfully recovered $7.3 billion in assets and is considering relaunching the exchange in the second quarter of 2023 as per recent reports. During a hearing that took place on April 12 in the United States bankruptcy court for the district of Delaware, attorneys from Sullivan & Cromwell representing FTX said that the cryptocurrency […]

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11 Apr 23

Crypto ownership in the US surged in 2022 despite FTX collapse

A new study finds that nearly one-third of U.S. residents hold bitcoin and other cryptocurrencies and 45% of cryptoasset investors prefer patronizing financial institutions and credit unions that support bitcoin (BTC) and altcoins. U.S. consumers are interested in crypto While the major regulatory watchdogs in the United States, including Gary Gensler’s SEC and others, have […]

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06 Apr 23

Media outlets want FTX clients’ user names revealed

In a new filing presented to the Delaware Bankruptcy Court, several mainstream media sites have urged to reveal the identity of FTX clients outside the United States. In a court petition submitted on Dec. 28, the committee of non-US Consumers of FTX.com stated that making the names and private information of non-US customers publicly available […]

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04 Apr 23

Post FTX, 3AC-connected OPNX exchange goes live

In the aftermath of the FTX implosion, some former execs from defunct cryptocurrency firm 3AC have teamed up to launch a new cryptocurrency exchange. On April 4, the rebranded cryptocurrency exchange OPNX went operational and opened its order books to users to seize a share of the crypto claims market, which has more than 20 million claimants. […]

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31 Mar 23

FTX launches new fiat withdrawal website for EU customers

FTX EU, a subsidiary of the bankrupt crypto exchange FTX, has launched a new website that allows customers to withdraw their fiat balances from the platform. According to reports, the ftxeurope.eu will only manage fiat balance claims, and no other services will be available. The recently launched website is registered with the Cyprus Securities and […]

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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 […]

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