Browsing:FTX Exchange

FTX Exchange Seeks Approval to Sell Anthropic Shares
3 months ago 1 min read

FTX Exchange Seeks Approval to Sell Anthropic Shares: A Move to Settle Debts

Defunct crypto exchange FTX has filed court documents requesting permission to sell its shares in the artificial intelligence (AI) company Anthropic. This move is part of the exchange’s strategy to fully repay its creditors and customers. The court documents, filed on February 3, show that the FTX exchange intends to sell Alameda Research’s Anthropic Series B Preferred Stock and any related rights or interests. Sam Bankman-Fried (SBF), the founder and former CEO of FTX, invested around $530 in Anthropic in April 2022, months before the company faced significant challenges and ultimately failed in November of the same year. At the

The Department of Justice (DOJ) charges three people for stealing over $400 million from FTX exchange
3 months ago 1 min read

The Department of Justice (DOJ) charges three people for stealing over $400 million from FTX exchange

The US Department of Justice (DOJ) has charged three people for orchestrating a SIM-swapping attack, leading to the theft of over $400 million from a company, suspected to be the collapsed FTX exchange. The accused are Robert Powell, Emily Hernandez, and Carter Rohn. They allegedly conducted SIM-swapping scams targeting multiple victims from March 2021 through April 2023. The indictment, filed in the U.S. District Court for the Northern District of Illinois, doesn’t exactly name FTX exchange , but sources cited by Bloomberg indicate that the exchange is referred to as Victim Company-1 in the filing. Furthermore, the 3 individuals are

Binance x FTX
1 year ago 1 min read

Binance aims to acquire FTX entirely

Binance declared its intention to fully buy FTX in order to shield its consumers from a liquidity crisis. Binance declared its intention to fully buy FTX in order to shield its consumers from a liquidity crisis. Binance CEO Changpeng Zhao stated on Twitter that FTX sought the exchange’s assistance since it was experiencing liquidity issues on its platform. Binance has signed a non-binding letter of intent (LOI) to buy CZ in the next few days, according to CZ. A comprehensive due diligence procedure and more precise details on the acquisition are scheduled to be completed over the next several days.

SBF FTX exchange founder
1 year ago 1 min read

FTX CEO thanks its supporters for their help during the platform’s bad times

Sam Bankman-Fried, also known as SBF, the CEO of FTX, tweeted his thanks and best wishes to the FTX community for their support. The purpose of the tweet was to express gratitude to the FTX traders who continued to support the business even after Changpeng Zhao, CEO of Binance, announced that the company would be selling off all of its FTX tokens. The tweet was published by Bankman-Fried on November 7, as part of a string of tweets primarily devoted to the journey of FTX “during its crazy” times: The company has decided to sell the remaining FTX tokens (FTT)

FTX US Logo
1 year ago 1 min read

FTX US encourages employees to move to its new headquarters in Miami

In September, FTX US chose Miami over its previous hub in Chicago as the location for its new U.S. headquarters. After announcing Miami as its U.S. headquarters a month ago, FTX US, the operator of a cryptocurrency exchange, is encouraging staff to relocate there. According to those with knowledge of the situation, staff have been exhorted to make the transition by mid-November. Although FTX’s other American offices aren’t entirely closing, they are being reduced in size as the startup looks to concentrate its workforce in Miami, according to the sources. In a tweet in September, Sam Bankman-Fried, CEO of FTX,

1 year ago 1 min read

Sam Bankman-Fried is expected to profit by up to $100 million from Musk’s purchase of Twitter

According to several reports, FTX CEO Sam Bankman-Fried had a $50 million to $100 million interest in Twitter. The CEO and founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, stands to gain up to $100 million from Elon Musk’s acquisition of Twitter. Before the transaction closed on Thursday, the exchange executive had shares of the social media behemoth valued between $50 million and $100 million, a source with intimate knowledge of the situation told The Block. Bankman-stake Fried’s in Twitter would be between 0.1% and 0.2% after Musk spent $44 billion to take the company private. After months of negotiations,

If the deal with FTX exchange goes through, Voyager clients might recover up to 72% of the value of their accounts.
2 years ago 1 min read

The FTX deal could return 70% of funds to Voyager clients, FTT price falls by 5%

The FTX crypto exchange’s native token, FTT, has taken a hammering in the last 24 hours as new information about its Voyager acquisition plans has emerged. Bloomberg reported on October 20 that a tentative agreement between FTX.US and the troubled crypto lender Voyager Digital could result in the majority of assets being repaid. The arrangement, which was approved by U.S. Bankruptcy Judge Michael Wiles on Oct. 19, cannot be finalized until Voyager’s bankruptcy payout plan is approved. According to the article, if the deal goes through, Voyager clients might recover up to 72% of the value of their accounts. In

Texas is looking into the sale of unregistered securities by Sam Bankman-Fried, FTX, and FTX.US. in connection with the ongoing Voyager bankruptcy proceedings
2 years ago 1 min read

Texas wants to stop the sale of the Voyager, claims an FTX investigation

Texas is looking into the sale of unregistered securities by Sam Bankman-Fried, FTX, and FTX.US. in connection with the ongoing Voyager bankruptcy proceedings, in which FTX has made a bid for the lending platform, the probe was made public in a fresh file. According to Texas State Securities Board Director of Enforcement Division Joseph Rotunda, downloading the FTX program was simple, and after accurately entering his KYC information, he was able to start collecting yield on his ether investment. Joseph further stressed that FTX US is not authorized to transact in securities or as a money transmitter in Texas. The

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