FTX

On-chain analysis tool PeckShield's data indicated on Nov. 14, 2023, that FTX-labelled addresses had transferred 250,000 Solana (CRYPTO: SOL) worth around $13.5 million and $4 million in Tether (CRYPTO: USDT) stablecoins to crypto exchange Binance and trading firm Wintermute...

Can Sun, former general counsel of FTX, is spearheading the creation of a new exchange, Backpack, along with other ex-FTX executives. This development is especially noteworthy in the context of the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, where the future of...

In a major legal development, bankruptcy advisers for FTX have filed a lawsuit against Bybit Fintech and two of its associated entities. What Happened: The suit was lodged against Bybit Fintech Ltd., Mirana Corp., and a connected crypto trading entity named Time Research Ltd....

While the Sam Bankman-Fried trial has come to an end with multiple convictions, there are a number of interesting facets to look at, including who were the winners and losers of the case, as well as shining a light on fraud by other billionaires.  The news of SBF’s verdict...

Collapsed FTX exchange and its debtors appealed to the U.S. bankruptcy court of Delaware for approval of the sale of some trust assets which are funds of Grayscale and Bitwise valued at around $744 million. What Happened: A court filing on Friday has proposed the sale or transfer of trust...

As the week wraps up, let’s take a look back at some of the major stories that hit the crypto world. From a high-profile conviction to a billionaire’s skeptical views on NFTs, it’s safe to say it’s been a rollercoaster of a week. Ex-FTX CEO Sam Bankman-Fried Convicted of...

After a five-week trial, disgraced former head of FTX, Sam Bankman-Fried, was found guilty of seven counts of fraud and conspiracy, for which he faces a maximum sentence of up to 110 years. Bankman-Fried's verdict was returned after less than five hours of deliberation by Manhattan...

A highly publicized trial of former FTX CEO Sam Bankman-Fried reached its conclusion Nov. 2 with the cryptocurrency figure found guilty on seven counts of criminal fraud. Here's a look back at the fall of FTX and Bankman-Fried's arrest, which may have been a good starting point to buy Bitcoin (...

While former FTX chief Sam Bankman-Fried was on trial, the native token he created saw a two-week gain of 12%. The cryptocurrency currently stands at $1.18 at the time of writing, with a 24-hour trading volume of $32 million. What Happened: According to Fortune, speculators are hopeful that the FTT...

As Sam Bankman-Fried, the embattled founder of the now-defunct cryptocurrency exchange FTX awaits his sentencing, the source of his legal war chest has been a substantial monetary gift to his father, made with funds from a loan by FTX's sister company, Alameda Research, according to a...

Following the conviction of Sam Bankman-Fried, U.S. Attorney Damian Williams has issued a stern warning to crypto fraudsters, promising “handcuffs for all.” According to a CoinDesk report, Williams, the U.S. Attorney for the Southern District of New...

The value of a cryptocurrency that shares its name with the popular crypto exchange FTX, but is completely unrelated to it, skyrocketed by 510% within the last 24 hours. What Happened: The surge in price closely followed the conclusion of a five-week trial in which FTX founder and former chief...

What Happened: Following the conviction of Sam Bankman-Fried, former CEO of FTX, renowned investor Peter Schiff has called for accountability from the politicians and regulators who he claims were complicit in Bankman-Fried’s fraudulent activities. Schiff, a known critic of Bitcoin (CRYPTO:...

The former Chief Executive Officer of FTX, Sam Bankman-Fried, has been convicted on seven counts of criminal fraud brought against him, as per a recent jury verdict. What Happened: As CNBC disclosed, Bankman-Fried was found guilty on charges including wire fraud, conspiracy to commit wire fraud,...

In a dramatic turn of events at the trial of FTX founder Sam Bankman-Fried, the prosecution delivered a piercing rebuttal to the defense's arguments, likening the defendant's actions to stealing from a jewelry shop without a security guard. This vivid analogy was part of the...