FTX Archives - cryptosignals.org

May 08, 2024

FTX Announces Reorganization Plan to Settle Debts and Reimburse Creditors

Beleaguered crypto exchange FTX has unveiled a bold reorganization plan aimed at resolving its financial crisis. The plan, detailed in a report by Bloomberg, aims to raise between $14.5 billion and $16.3 billion to settle debts owed to creditors and customers. This move represents a significant ste...

#CRYPTOCURRENCY #FTX #NEWS

March 28, 2024

Sam Bankman-Fried Sentenced to Nearly 25 Years for Crypto Fraud

In a significant development, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has been sentenced to nearly 25 years in prison for his involvement in a fraud that led to losses of approximately $8 billion for retail investors. The sentencing, handed down by Judge Lewis Kaplan of t...

#CRYPTOCURRENCY #FTX #NEWS #Sam Bankman-Fried

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

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

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

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

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

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

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