FTX

Kraken starts notifying customers about the distribution of FTX claims

January 11, 2025 1 min read

Kraken has started distributing claims for creditors of the collapsed cryptocurrency exchange, FTX. This announcement comes from Sunil, an FTX creditor activist. Creditors who opted for Kraken to manage their claims are receiving emails confirming the completion of the onboarding process. This marks an important step in repaying creditors after FTX’s bankruptcy in 2022. BitGo, another company assigned to handle claims, will begin its distribution process soon, although no specific

France authorities intensify efforts to curb burgeoning crypto scams

December 29, 2024 1 min read

Cryptocurrency popularity in France has led to more financial scams, causing authorities to take urgent steps to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, is very concerned about the increase in scams involving fake crypto investments. Recent reports show that victims of fake savings accounts lost about €69,000, while those impacted by fake loans lost around €19,000. Crypto-asset scams have increased

Speculation rises over a potential presidential pardon for Sam Bankman-Fried

December 28, 2024 1 min read

There is growing talk about a possible presidential pardon for Sam Bankman-Fried, the former FTX founder who was recently found guilty of fraud and money laundering and given a 25-year prison sentence. His case has led to a lot of discussion, especially because of his large political donations, like a $5.2 million contribution to pro-Biden super PACs in 2020, which makes him the second-largest individual donor to the Democratic Party

Rumors of a presidential pardon for FTX’s Sam Bankman-Fried spark outrage

December 24, 2024 1 min read

Sam Bankman-Fried, the ex-CEO of the bankrupt cryptocurrency exchange FTX, is being talked about in relation to a possible presidential pardon after receiving a 25-year sentence for fraud and embezzlement. SBF was convicted in November 2023 on several charges. His case has sparked talks about how political ties can affect court decisions, especially because he donated a lot to the Democratic Party, including $5.2 million to pro-Biden super PACs during

FTX will begin creditor repayments on January 3, 2025

December 17, 2024 1 min read

FTX will start its Chapter 11 reorganization plan on January 3, 2025, and expects to repay creditors in about 60 days. The company has partnered with BitGo and Kraken to help distribute funds, offering some hope for those impacted by its earlier collapse. Creditors who qualify need to provide tax documents and sign up on one of the platforms to get their repayments. Payments will go to the official transferee

How Qubetics Presale Achieves 703% ROI Potential, Cosmos Boosts Adoption with Cross-Chain Pools and Polygon Attracts Top Developers

December 11, 2024 6 mins read

Are you searching for the best altcoins to buy this month but unsure where to start? With the crypto market buzzing with updates, keeping track of standout projects can be challenging. Recently, Cosmos and Polygon have been making headlines for their advancements, while Qubetics ($TICS) is grabbing attention for its presale and cutting-edge features. What makes Qubetics worth exploring? Unlike its competitors, it is solving practical challenges in cryptocurrency usability,

Regretting Apu Apustaja’s Gains? Here’s Why BTFD Coin Is the Best Meme Coin to Buy in December 2024

December 9, 2024 4 mins read

The cryptocurrency world has long been dominated by meme coins, proving that humour and community are just as valuable as innovation. One of the latest success stories is Apu Apustaja ($APU), a token inspired by the beloved internet meme. Early adopters who got in on Apu Apustaja are already reaping significant gains, leaving many latecomers regretting not jumping in sooner. But here’s the good news: opportunities in the meme coin

Plus Wallet Leads with Strong Security & Efficient Crypto Management as Elon Musk’s Tweet Causes Stir; Best Wallet Presale Opens

December 7, 2024 4 mins read

This week’s crypto buzz revolves around a fresh controversy and essential tools to keep traders at the forefront. Elon Musk’s recent Dogecoin tweet has ignited debates over potential price manipulation and his impact on the crypto market. As the crypto community buzzes, Best Wallet’s eagerly anticipated public presale has gone live, allowing users to tap into its premium features with the $BEST token. Simultaneously, Plus Wallet is capturing the attention

Best 3 Cryptos to Invest in November 2024: Don’t Miss Out!

November 19, 2024 5 mins read

Cryptocurrencies have become the talk of the town, shaking up the way we think about money, investing, and technology. Whether you’re a newbie or a seasoned pro, you’ve probably heard the question floating around: “What’s the best crypto to buy in November 2024?” With new projects launching left and right, choosing the right coin can feel like finding a needle in a haystack. Enter Qubetics ($STIC). This isn’t just another

Alameda Research sues Waves founder Aleksandr Ivanov, seeking $90 million in a bid to recover assets lost

November 13, 2024 3 mins read

Alameda Research, a trading firm linked to the now-defunct FTX cryptocurrency exchange, has initiated legal action against Aleksandr Ivanov, the founder of the Waves blockchain platform, in a bid to recover around $90 million. This lawsuit is part of Alameda’s larger effort to reclaim assets and repay creditors affected by FTX’s downfall in 2022. The complaint, filed recently, accuses Ivanov and his companies, Numeris Ltd. and DLTech Ltd., of fraudulent

US regulators just shut down a bank in Oklahoma

October 21, 2024 1 min read

In a significant move, financial regulators have closed the First National Bank of Lindsay in Oklahoma, marking the second bank failure in the U.S. this year. The Office of the Comptroller of the Currency (OCC) took this action after uncovering misleading bank records and signs of fraud that had severely impacted the bank’s financial stability. The OCC determined that the bank was not in a sound condition to operate, revealing

Former Alameda to hand over bulk of her assets to settle FTX lawsuit

October 10, 2024 1 min read

Caroline Ellison, the former co-CEO of Alameda Research, has reached a settlement with the FTX bankruptcy estate, agreeing to transfer most of her assets to help resolve a lawsuit stemming from FTX’s collapse. In a recent court filing, it was revealed that Ellison will hand over nearly all her assets, excluding those already forfeited to the government or used for legal expenses. Additionally, she has committed to cooperating fully with