December 20, 2023

FTX Reaches Settlement with Bahamian Liquidators

FTX Trading, the beleaguered crypto exchange, has successfully reached a settlement with the liquidators overseeing its Bahamas subsidiary, FTX Digital Markets. The resolution, disclosed on Tuesday, marks the end of a protracted dispute over the jurisdiction of insolvency proceedings, paving the wa...

#CRYPTOCURRENCY #FTT #FTX #NEWS

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November 30, 2023

FTX Estate Gets Green Light to Sell $873M in Crypto Funds

The bankrupt FTX estate, once headed by disgraced Sam Bankman-Fried, has secured court approval to offload trust assets, including holdings in Grayscale and Bitwise crypto funds valued at approximately $873 million. As disclosed in a filing with a Delaware bankruptcy court last Friday, the FTX esta...

#CRYPTOCURRENCY #FTX #FTX Estate #NEWS

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November 14, 2023

FTX and Alameda Shuffle $438 Million in Asset, Sparks Speculation

In a whirlwind of strategic asset movements, embattled FTX and Alameda Research have orchestrated transfers exceeding $438 million across 42 tokens since early November, according to blockchain analytics platform Spot On Chain. Today’s $24 million deposit of SOL, MATIC, and ETH to Kraken and ...

#Alameda #CRYPTOCURRENCY #FTX #NEWS #Solana

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November 06, 2023

Solana Loses Steam as FTX Estate Moves $30 Million in SOL

Solana, the high-performance blockchain network, witnessed a 5% price drop since Sunday, November 5, due to significant SOL token transfers by the FTX estate. On-chain data reveals that 750,000 SOL tokens, valued at approximately $30 million, were moved to Binance and Kraken, potentially for liquid...

#CRYPTOCURRENCY #FTX #NEWS #SOL #Solana

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October 11, 2023

Caroline Ellison Implicates FTX Founder in High-Stakes Trial

In a dramatic turn of events, Caroline Ellison, the ex-CEO of Alameda Research, a hedge fund associated with the now-defunct cryptocurrency exchange FTX, delivered explosive testimony on Tuesday. Ellison, the prosecution’s key witness, testified that she had committed a series of crimes under...

#Caroline Ellison #FTX #NEWS #SBF

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October 10, 2023

Cardano CEO Slams SBF as the ‘Bernie Madoff of Crypto’

Charles Hoskinson, the visionary founder of Cardano, has launched a scathing critique of Sam Bankman-Fried (SBF), the former CEO of crypto exchange FTX, who currently faces trial on multiple counts of fraud and conspiracy linked to the exchange’s collapse. In a bold comparison, Hoskinson like...

#CRYPTOCURRENCY #FTX #Hoskinson #NEWS #Sam Bankman-Fried

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October 01, 2023

FTX Hacker Resurfaces: $8 Million Worth of Stolen Crypto on the Move

The perpetrator behind the staggering $477 million cryptocurrency heist from the now-defunct FTX exchange has re-emerged after a dormant period of 10 months. According to data from Arkham Intelligence, the hacker executed transactions amounting to approximately $8 million worth of Ethereum (ETH) an...

#CRYPTOCURRENCY #FTX #hack #NEWS

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September 18, 2023

FTX Plans to Liquidate Massive Crypto Holdings: Will Altcoins Sink or Swim?

FTX, the embattled cryptocurrency exchange, has garnered court approval for its audacious plan to offload an estimated $3.4 billion in crypto assets. The strategy entails selling between $50 million and $100 million worth of crypto holdings each week, commencing this Saturday. However, this move ha...

#CRYPTOCURRENCY #FTX #Kaiko #NEWS #Solana

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September 12, 2023

Bitcoin Investors Brace for Increased Volatility as FTX Liquidations Loom

Bitcoin (BTC) investors are navigating choppy waters as the cryptocurrency’s price and implied volatility move in opposite directions, hinting at a potential downturn. Recent data from Velo Data reveals a 60-day trailing correlation between Bitcoin’s price and its 30-day implied volatil...

#BITCOIN #BTC #CRYPTOCURRENCY #FTX #NEWS

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