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The Latest Breaking News from FTX

FTX To Sell Shares In AI Startup Anthropic

FTX to sell shares in AI startup Anthropic, reflecting fintech-crypto evolution and strategic growth opportunities.

Top News

SBF Says He's Sticking With New Lawyers Through Sentencing Despite Possible Conflicts

SBF said he was aware of potential conflicts of interest in hiring a lawyer who also represented the founder of another collapsed crypto firm that FTX has had business interactions with.

International Business Times

Supposed First Prison Photo Of SBF Shows Thinner, Bearded FTX Founder

A photo of Sam Bankman-Fried in jail has emerged, showing a thinner and bearded inmate who was once called the "golden boy of crypto."

International Business Times

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Crypto Hedge Fund Tyr Allegedly Ignored FTX Warnings: Report

TGT has accused Tyr Capital of ignoring investor concerns regarding FTX and requested for a "dawn raid" on the crypto hedge fund manager's offices in August 2023, a new report revealed.

International Business Times

NBA Sued Over Promotional Deals With Collapsed Crypto Lender Voyager Digital, FTX

The NBA has been sued for its marketing links to Voyager Digital, just one of several crypto firms that collapsed in 2022, triggering the infamous "crypto winter."

International Business Times

Judge Approves BlockFi Settlement With 3AC, But Denies Documents' Unsealing

BlockFi and 3AC have been allowed to proceed with their settlement, but the details of which will remain confidential for several reasons that include the defunct crypto hedge fund's ongoing bankruptcy proceedings.

International Business Times

US Treasury's Yellen To Urge Congress For Legislation On Stablecoins, Crypto Spot Markets

Janet Yellen will urge lawmakers on Tuesday to pass legislation that will establish the regulatory framework for crypto regulation, including rules for stablecoins and spot markets.

International Business Times

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Crypto Exchange OPNX To Shut Down As FTX Bankruptcy Claims Reach 'Recovery'

OPNX, the exchange founded by two of the people behind fallen crypto hedge fund Three Arrows Capital, will shut down this month.

International Business Times

US Charges 3 In $400 Million Sim-Swapping Hack Linked To FTX

A U.S. court has charged three individuals for staging a SIM-swapping hack that reportedly victimized FTX, Sam Bankman-Fried's fallen crypto exchange.

International Business Times

FTX Scraps Relaunch Plans, Expects Full Customer Repayment

FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, said it has abandoned plans to relaunch and will instead focus on liquidating assets so it can repay customers.

International Business Times

FTX scraps plan to revive exchange and will repay billions to customers

Cryptocurrency exchange founded by Sam Bankman-Fried ‘an irresponsible sham created by a convicted felon’, lawyer says

The Guardian - US

Judge Advocates For Focused And Fast-Track Approach In FTX Bankruptcy Investigation

During this week's hearing, the Office of the U.S. Trustee, the federal entity responsible for overseeing corporate bankruptcies, advocated for keeping the cost, duration and extent of the fresh investigation open until after the examiner's appointment.

International Business Times

FTX's Billion-Dollar Exodus: Major Sell-Off Shakes Up Grayscale Bitcoin Trust ETF

FTX reportedly divested nearly two-thirds of its GBTC holdings within the initial three trading days of the fund's operation as an ETF.

International Business Times

Crunching Numbers: Solana Poised to Outshine Ethereum By 5x, Say Glassnode Co-Founders

Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.

International Business Times

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International Business Times

SBF Controversy Continues: Bankman And Fried Counter FTX's Clawback With Dismissal Request

FTX did not specify the exact sum allegedly misappropriated by Bankman and Fried but detailed certain expenditures: Bankman's annual remuneration of $200,000 as a senior adviser to the FTX foundation, over $18 million allocated for Bahamian real estate, and $5.5 million in contributions made by the FTX Group to Stanford…

The Conversation

Bitcoin: four reasons why the price should surge in 2024

The year 2023 will be remembered as turbulent for cryptocurrencies, with numerous important developments that ultimately helped to “clean up” the space to potentially make it more attractive to mainstream investors. Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.

Fortune

Mark Cuban–backed neobank Dave announces repurchase of $100 million investment from FTX

The failed exchange founded by Sam Bankman-Fried had formed a partnership with Dave in 2022 to work on crypto payments.

Fortune

Effective altruism's fundamental flaw

Why the EA movement is both promising and problematic.

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International Business Times

RFK Jr. Reveals Reason Why The DoJ Dropped Charges Against Sam Bankman-Fried

Last week, U.S. prosecutors decided not to pursue additional charges against Bankman-Fried, the former CEO of the fallen crypto empire FTX who was found guilty of seven counts of fraud in November.

Kiplinger

Is the Crypto Winter Over?

Bitcoin and other cryptocurrency prices rebounded sharply in 2023, leading many to wonder if the crypto winter is over.

The Independent UK

Sam Bankman-Fried will not face a second fraud trial, DoJ announces

‘The Government has concluded that the public interest in a prompt resolution of this matter outweighs the interest in holding a separate trial,’ DoJ writes in legal filing

The Independent UK

Prosecutors say there's no need for a second trial of FTX founder Sam Bankman-Fried

Federal prosecutors have told a New York judge that they will not proceed with a second trial of FTX founder Sam Bankman-Fried on charges not in the case presented to a jury that convicted him in November

StockNews.com

2 Crypto Stocks to Watch Ahead of Spot ETF Approval

Cryptocurrency prices have been on the rise after the so-called “crypto winter” deepened by the collapse of the FTX exchange in 2022. Bitcoin is up more than 150% year-to-date, mainly strengthened by optimism for a spot bitcoin ETF. As this year’s crypto recovery paves the way for a promising 2024,…

Fortune

Here are the biggest crypto stories of 2023

In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

PC Gamer

2023 in crypto and web3: Scams, collapses, and finally some consequences

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