Tagged: ftx

Not True. State Backed Singapore Fund Temasek Says No Investment in Array

Temasek has taken the extraordinary step of refuting internet chatter that it has invested in Array. Array is an “omni-chain protocol for application-oriented decentralized asset management” that aims to create a “next-generation algorithmic currency system.” Temasek is a “generational investor” and global investment company headquartered… Read More

Tribe Capital Reportedly Intends to Use $250M to Relaunch FTX Exchange

Tribe Capital, an established VC company launched back in 2018, is reportedly leading an investment round worth $250 million in order to assist FTX with re-establishing its virtual currency exchange. The latest move comes after the firm had filed for bankruptcy and the new CEO,… Read More

Law Firm Tweet Shames Shaq Into Getting Served for FTX Lawsuit

  Multiple reports indicate that Shaquille O’Neal, a former NBA superstar, has finally been served after being hunted for weeks, at least according to the Moskowitz Law Firm. Shaq was one of a handful of celebrities that got caught up in the promotion of FTX… Read More

House Financial Services Committee Leadership Hammers SEC Chair Gary Gensler on Lack of Info on Charges Against Sam Bankman-Fried, FTX Founder

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Representative Bill Huizenga, Chairman of the Subcommittee on Oversight and Investigations, have joined in sending a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler criticizing him for a failure to provide information… Read More

Bankrupt Digital Asset Exchange FTX Reportedly Recovers Over $7B in Crypto Holdings

Bankrupt digital currency exchange FTX has reportedly recovered more than $7.3 billion in cash as well as liquid digital assets. This is notably an increase of over $800 million since this past January 2023. This, according to a report from Reuters which referenced the firm’s… Read More

First Interim Report on FTX Failure: “Stunning Collapse” Managed by Group with Little Interest in Appropriate Oversight

FTX Exemplified hubris, incompetence, and greed. FTX CEO John J. Ray, III has filed his first interim report on the failure of FTX as the bankruptcy proceedings continue. Once one of the largest crypto exchanges in the world, led by high-profile founder and CEO Sam… Read More

Former FTX CEO Sam Bankman-Fried Expected to Plead Not Guilty to China Bribery Charges

Indicted FTX crypto exchange founder Sam Bankman-Fried (SBF) is reportedly expected to plead not guilty this Thursday to the latest US criminal charges. These new charges include allegedy conspiring to violate campaign finance guidelines and even attempting to bribe Chinese officials. As first reported by… Read More

FTX: Okcoin to Return $8.2 Million of Alameda Funds

Crypto exchange Okcoin has issued a brief statement indicating it will return funds related to the FTX and Alameda bankruptcy cases. According to Okcoin, it wil return $8.2 million in frozen assets related to Alameda Research. The company notes that FTX debtors filed a motion… Read More

SEC, CFTC Charge FTX Engineer Nishad Singh with Fraud, Pleads Guilty to Criminal Charges Too

Nishad Singh, the former co-lead Engineer at failed crypto exchange FTX, has been charged by both the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) with fraud. Both agencies revealed the charges following the news that Singh had pleaded guilty to criminal… Read More

Everything Other Than Bitcoin: SEC Chair Gary Gensler States Once Again All Cryptocurrencies are Securities

In recent weeks, the Securities and Exchange Commission (SEC) has stepped up its enforcement activities in regard to the digital asset ecosystem. In the past, SEC Chairman Gary Gensler has asserted that all digital assets are securities, with the exception of Bitcoin. At one point,… Read More

More Charges for Sam Bankman-Fried, Outlines FTX Founder’s Contributions to Politicians to Curry Influence in DC: Giving to a Lot of Woke S**t

The fraud charges continue to pile up for disgraced FTX founder Sam Bankman-Fried. Earlier today, the US Department of Justice filed an updated complaint that outlines twelve charges – an increase from the previous criminal charges. The claims continue to be damning and expansive, highlighting… Read More

Representative Bill Huizenga Sends Letter to Gary Gensler Demanding FTX Records

Representative Bill Huizenga, the Chair of the Subcommittee on Oversight and Investigations, part of the House Financial Services Committee, has sent a letter to SEC Chair Gary Gensler demanding he hand over documents surrounding Sam Bankman-Fried and the collapse of the crypto exchange. The letter… Read More

FTX Debtors Send Messages to Recipients of “Avoidable” Donations

FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the “FTX Debtors”), announced the FTX Debtors are “sending confidential messages to political figures, political action funds, and other recipients of contributions or other payments that were made by or at the direction of the… Read More

XPLA Governance Proposal Approved to Support Holders with $XPLA Still on FTX Exchange

The XPLA Blockchain, a “next generation” of Web3 mainnet developed with gamers at the core of its design, announced that a governance proposal ‘to support individual $XPLA holders related to the FTX incident has been approved with unanimous consent.” The voting on the Relief Fund… Read More

Bitcoin, Ethereum, Larger Crypto Market on Track to Grow Despite FTX Collapse, Global Recession Fears

  Bitcoin (BTC), the flagship cryptocurrency, has fallen from a high of nearly $70,000, which it reached in late 2022, to just over $20,000 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto-asset by market cap and the largest smart contract platform, has… Read More

Genesis Files for Bankruptcy After Holding Out for Weeks as Crypto Contagion Continues

Late last night, Genesis, part of the Digital Currency Group (DCG), filed for Chapter 11 bankruptcy protection as it looks to restructure in light of a challenging environment in the crypto sector which has impacted multiple firms. Genesis is a digital asset prime brokerage that… Read More

SEC Reveals Charges Against Former FTX, Alameda Research Executives Gary Wang, Caroline Ellison

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their part in the “multi-year scheme” to commit fraud in regards to FTX, once… Read More

House of Cards: SEC Issues Litigation Release on Sam Bankman-Fried and Plot to Defraud Equity Investors by Misrepresenting FTX

The Securities and Exchange Commission (SEC) has filed a litigation release regarding allegations that Sam Bankman-Fried defrauded equity investors in FTX. The U.S. Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) have also announced charges against Bankman-Fried…. Read More

Sam Bankman-Fried Returns to Blog to Declare FTX US was and is solvent

Sam Bankman-Fried, the founder and former CEO of FTX who is now under indictment for allegations of fraud, has returned to his substack, declaring that FTX US was and is solvent. Bankman-Fried previously provided an FTX “post-mortem” following his release on bail. He disputes a… Read More

Sam Bankman-Fried Posts FTX Pre-Mortem, Claims if Given More Time, All Would Have Been Fine

Sam Bankman-Fried, founder and former CEO of FTX – once one of the largest crypto exchanges in the world and now in the midst of bankruptcy, has taken to Substack to pleed his case. Bankman-Fried, now effectively under house arrest, claims that if he had… Read More

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