Crypto News
FTX crypto exchange and the IRS reach a $885 million settlement
The FTX exchange and the Internal Revenue Service (IRS) have negotiated a deal in which the insolvent exchange would make a payment…
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FTX exchange investors might drop lawsuit against SBF if he aids case against celebrity endorsers
FTX exchange investors are willing to drop their case against Sam Bankman-Fried provided he assists in legal proceedings against celebrities who endorsed…
Crypto News
FTX exchange offloads Solana at big discount, raising $1.9B amid creditor repayment efforts
FTX exchange divested a substantial percentage of its Solana (SOL) assets following bankruptcy in order to settle debts with creditors, causing apprehension…
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FTX exchange plans $884M stake sale in AI startup Anthropic to repay creditors
The insolvent crypto exchange FTX plans to divest a substantial chunk of its stake in the artificial intelligence firm Anthropic for $884…
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US authorities seek court clearance to sell Sam Bankman-Fried’s private planes
The US Marshals Service is holding a Bombardier Global tied to FTX exchange, and prosecutors are attempting to transport an Embraer Legacy…
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DOJ wants 40-50 years prison and $11B fine for FTX’s Sam Bankman-Fried for fraud
The US Department of Justice (DOJ) has recommended a jail sentence of 40-50 years for Sam Bankman-Fried, the former director of FTX.…
Market News
FTX exchange wins court approval to sell AI startup stake, plans full customer payback
FTX crypto exchange has received court permission to sell its stake in AI firm Anthropic as part of its efforts to repay…
Crypto News
FTX exchange plans to sell $1B worth Anthropic shares
FTX, the defunct crypto exchange, has been approved by the Delaware bankruptcy court to sell 7.84% stake in AI startup Anthropic, which…
Market News
FTX exchange’s secret bank deal to profit from Tether revealed in court
Bloomberg published the lawsuit on February 17. The lawsuit says that the FTX crypto exchange allegedly profited from Tether (USDT) by using…
Crypto News
FTX’s FTT token falls by over 40% as the exchange relaunch denied
FTX exchange of Sam Bankman-Fried has pledged to fully reimburse customers and creditors affected by its current bankruptcy proceedings. The company assured…
Crypto News
FTX Exchange Struggles to Settle Debts, Raises $4.4 Billion Amid Uncertainty
The embattled crypto exchange FTX is facing challenges as it attempts to repay customers following a significant downturn. To raise funds for…
Market News
SBF’s Parents Request Dismissal of their Lawsuit, Denying Involvement in any Fraud or Bad Management
The parents of former FTX CEO Sam Bankman-Fried (SBF) have categorically denied any involvement in fraud or mismanagement within the FTX organization.…