Tag: FTX

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Exchange News

Backpack Exchange Acquires FTX EU to Expand in Europe

Backpack Exchange has obtained MiFID II authorization for FTX EU. SEPA connectivity enables quick, low-cost transactions throughout Europe. Backpack Exchange, a fully regulated global...
Exchange News

FTX Starts Repaying Creditors After Two-Year Wait

FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal. The company will settle smaller claims under $50,000 within 60 days. FTX is...
Exchange News

FTX Announces January 2025 as Effective Date for Reorganization Plan

FTX announces its Chapter 11 plan's effective date as January 3, 2025, with BitGo and Kraken assisting in customer recovery. FTX, the cryptocurrency exchange once...
Bitcoin News

US Government Shuffles FTX Funds Amid Bitcoin Moves

US shifted $33.6M in seized crypto to anonymous wallets from FTX cases. FTX repayment notifications continue to feed altcoin's upward momentum. Altcoins are having...
Exchange News

FTX Reaches $228M Settlement with Bybit Exchange

FTX agrees to a $228M settlement with Bybit to recover assets. A hearing to formalize the agreement has been scheduled for November 20,...
Exchange News

FTX Creditors May Recover Only 10%-25% of Their Crypto Holdings

Recent bankruptcy documents from FTX creditor Sunil Kavuri reveal troubling news for FTX creditors. Due to how repayments are structured, many may only recover...
Exchange News

Former Crypto Exec Sam Bankman-Fried Heading to Prison

Sam Bankman-Fried – the now disgraced former executive of the fallen crypto exchange FTX – is heading to jail. The judge overseeing his case...
Exchange News

One Charge Against Former Crypto Head Sam Bankman-Fried Has Been Dropped

There’s a rumor swirling around that the Department of Justice (DOJ) has dropped all charges against Sam Bankman-Fried, the former (disgraced) head of the...
Exchange News

Eddy Alexandre Gets Nine Years for Crypto Fraud

Eddy Alexandre has been sentenced to nine years in prison for allegedly running a near $250 million scheme to defraud crypto investors. Alexandre operated...
Exchange News

Identities of Former FTX Customers Can Stay Private, Judge Says

The identities of customers affected by last November’s FTX collapse can stay hidden per a bankruptcy judge in Delaware. Judge John Dorsey – the...
Exchange News

Sam Bankman-Fried Likely to Face All Charges, Prosecutors Say

Not long ago, Sam Bankman-Fried – the former crypto billionaire behind the now fallen digital exchange FTX – said he was requesting that as...
Exchange News

Binance Faces Accusations that It Mixed Customer and Company Funds

Binance – the largest and most popular digital currency exchange – is in hot water again after former insiders alleged that the exchange combined...
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