FTX

Billionaire investor Mark Cuban has voiced strong criticism against Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), for making overly complex regulations for cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and others. During an appearance on the All...

In a stark contrast to Sam Bankman-Fried‘s assertions last January, recent developments suggest FTX customers face a long wait for potential repayments. What Happened: TV host Ran Neuner has shed light on the protracted timeline for FTX distributions, which are now expected to extend well...

The cryptocurrency belonging to the defunct cryptocurrency exchange FTX (CRYPTO: FTT) dramatically jumped on Sunday, dwarfing the gains made by the rest of the market. What happened: FTT exploded more than 60% over the last 24 hours, turning out to be the market's biggest gainer by a mile. The coin...

Binance co-founder Changpeng Zhao was released on Friday, after having served a four-month sentence for failing to implement Anti-Money Laundering (AML) measures between 2017 and 2022. But Zhao’s case is just one among many that highlight the growing enforcement against crypto crimes. The...

Caroline Ellison, a key accomplice of fallen cryptocurrency mogul Sam Bankman-Fried in the FTX scandal, was sentenced to 24 months in prison by a federal court on Tuesday. However, apart from the quantum of punishment, the remarks made by Judge Lewis Kaplan, who also presided over Bankman-Fried...

Caroline Ellison, the former CEO of Alameda Research and a central figure in the downfall of FTX, has been sentenced to 24 months in Manhattan federal court on Tuesday. What Happened: Once a trusted ally and romantic partner of FTX founder Sam Bankman-Fried, Ellison's cooperation with prosecutors...

The former executive of the collapsed cryptocurrency exchange FTX, Caroline Ellison, is set to be sentenced on Tuesday for her role in the sensational fraud case. What Happened: Prosecutors have requested a lighter sentence for Ellison, highlighting her “extraordinary cooperation” in...

Traders are leaning toward the possibility that Caroline Ellison, former CEO of Alameda Research, will avoid prison time. What Happened: Polymarket prediction market data shows a 45% chance that Ellison will receive no prison time, with $153,679 bet on this outcome. Traders are currently betting 49...

An investment adviser has been ordered to pay tens of millions of dollars for overvaluing thousands of largely illiquid collateralized mortgage obligations (CMOs) and giving preferential treatment to clients. Macquarie Investment Management Business Trust (MIMBT) will pay $79.8 million to settle...

Bankrupt crypto exchange FTX has filed a motion seeking approval to pay $14 million to fund Emergent Fidelity Technologies, an Antigua-based investment firm co-founded by Sam Bankman-Fried. The payment aims to address Emergent’s claims over Robinhood (NASDAQ:HOOD) shares valued at over $600...

The U.S. Securities and Exchange Commission (SEC) announced settled charges against investment advisory firm Galois Capital Management LLC, a Florida-based investment advisory firm specializing in crypto assets. The SEC accused the company of failing to comply with the Investment Advisers Act...

The U.S. Securities and Exchange Commission (SEC) may oppose the plan proposed by bankrupt cryptocurrency exchange FTX to repay creditors using U.S. dollar-pegged stablecoins. What Happened: In a court document, the regulator stated it reserves its rights to object to the transactions detailed in...

The digital assets sector has shown resilience, bouncing back after the fallout from the FTX exchange collapse in November 2022, according to a research report released by Canaccord on Wednesday. What Happened: In the report, analysts led by Joseph Vafi highlighted a significant shift in the...

Former FTX executive Ryan Salame, who was sentenced to 7.5 years in prison, is now urging the court to enforce a plea agreement that he claims was breached by the government. What Happened: In a new court filing, Salame’s attorneys argue that the plea deal, which was supposed to protect his...

Bitcoin (CRYPTO: BTC) and cryptocurrency trading platform FTX Trading, which filed for bankruptcy in November 2022, has received preliminary approval for its reorganization plan from its creditors. What Happened: FTX announced that its amended reorganization plan has received overwhelming support...