The Latest Breaking News from FTX

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

Cryptocurrency exchange founded by Sam Bankman-Fried ‘an irresponsible sham created by a convicted felon’, lawyer says

During this week's hearing, the Office of the U.S. Trustee, the federal entity responsible for overseeing corporate bankruptcies, advocated for keeping the cost, duration and extent of the fresh investigation open until after the examiner's appointment.

FTX reportedly divested nearly two-thirds of its GBTC holdings within the initial three trading days of the fund's operation as an ETF.

Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.

FTX did not specify the exact sum allegedly misappropriated by Bankman and Fried but detailed certain expenditures: Bankman's annual remuneration of $200,000 as a senior adviser to the FTX foundation, over $18 million allocated for Bahamian real estate, and $5.5 million in contributions made by the FTX Group to Stanford…

The year 2023 will be remembered as turbulent for cryptocurrencies, with numerous important developments that ultimately helped to “clean up” the space to potentially make it more attractive to mainstream investors. Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.

The failed exchange founded by Sam Bankman-Fried had formed a partnership with Dave in 2022 to work on crypto payments.

Why the EA movement is both promising and problematic.

Last week, U.S. prosecutors decided not to pursue additional charges against Bankman-Fried, the former CEO of the fallen crypto empire FTX who was found guilty of seven counts of fraud in November.

Bitcoin and other cryptocurrency prices rebounded sharply in 2023, leading many to wonder if the crypto winter is over.