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The Latest Breaking News on FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

FTX claims Bybit, one of world’s largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

The bankruptcy estate is trying to claw back nearly $1 billion in its latest lawsuit.

Fortune

The battle to revive FTX is down to a former NYSE president, a fintech startup, and a private investment firm

Bullish, a crypto exchange run by former NYSE president Tom Farley; Figure, a fintech startup; and Proof Group, a private investment firm are reportedly the finalists.

Fortune

Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than…

The Conversation

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FTX is bankrupt and SBF was on trial, so why are people still buying FTT tokens?

Experts say the coin likely has no long-term value, but it could prove lucrative for professional traders who can quickly flip it.

Fortune

CASA CEO Raises Concerns Over Unusual Activities At Binance And Binance.US

Bitcoin self-custody firm CEO urges caution as reports of questionable practices emerge

Zenger

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

New bankruptcy proposal could see FTX creditors receive close to $9 billion by mid-2024

The FTX debtors group said the plan would be filed for approval by the bankruptcy court by Dec. 16.

Fortune

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Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

Fortune

Plenty of VCs have made big crypto bets that could actually pan out

FTX made a $500 million bet on AI startup Anthropic—and plenty of other VCs have viable crypto investments.

Fortune

Emails show how Bankman-Fried toyed with Paradigm VCs, who had misgivings but gave him nearly $300 million anyway

Emails surfaced in Sam Bankman-Fried's trial that show how he pressured Paradigm to make a huge investment despite concerns over FTX governance.

Fortune

FTX Founder Sam Bankman-Fried Faces Trial Amidst Cryptocurrency Scandal

Allegations of financial misconduct and market manipulation send shockwaves through crypto community

Zenger

Binance Faces Class-Action Lawsuit Over Alleged Role In FTX’s Downfall

California resident accuses Binance and CEO Zhao of unfair competition, seeks monetary damages

Zenger

Binance CEO Denies Ownership In CommEx Amid Russia Business Acquisition

Changpeng Zhao clarifies operational overlaps and disassociates from ownership ties

Zenger

FTX sues parents of Sam Bankman-Fried, seeks millions in transferred funds

Officials for FTX said the parents of Sam Bankman-Fried "fraudulently transferred and misappropriated funds" of the now bankrupt crypto-trading platform.

The Street

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Zenger

Bitcoin, Ethereum, Dogecoin Spike After Franklin Templeton Files For BTC Spot ETF

Major cryptocurrencies experienced a significant surge on Tuesday evening

Zenger

Bitcoin, Ethereum, Dogecoin Drop As Beleaguered FTX Looks To Offload Billions In Tokens: Analyst Foresees Extreme Ethereum Crash, Predicts ETH Dropping More Than 70%

Major cryptocurrencies saw a sharp decline on Sunday as traders grew concerned about the potential selling pressure arising from the bankruptcy of exchange FTX

WEKU

The future of crypto hinges on a fight between the SEC and a former burger flipper

A looming courtroom battle between the largest cryptocurrency exchange and the world's most powerful regulator promises to shape the future of crypto.

Fortune

Is this crypto‘s next crisis? A Tether selloff and Huobi’s rumored insolvency spell trouble

There are good reasons to believe Huobi is about to fail, which could spur a further run on Tether.

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news in one place.

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Fortune

PayPal launches stablecoin after pausing development amid regulatory scrutiny

Paxos, a a white-label stablecoin maker, is the issuer of PayPal USD.

Fortune

Crypto.com was among dozens of potential suitors for FTX Europe. But the bankruptcy estate isn't selling it

A $320 million lawsuit from the failed crypto exchange is more complicated than it first appears.

Zenger

FTX 2.0 ‘Worse Than Starting From Scratch’, Says Crypto Expert

Jesse Powell on Wednesday voiced his skepticism about the proposed restructuring plan for beleaguered FTX.

Zenger

FTX Unveils Restructuring Plan To Revive As Offshore Entity

Proposed plan includes resolution of claims, recovery pools, and potential restart of offshore exchange.

Fortune

Binance plunges into crisis as senior execs quit over CEO Changpeng Zhao’s response to Justice Department investigation

Senior members of Binance’s legal and compliance team left the company this week.

Fortune

FTT jumps as much as 33% on news of potential FTX 'reboot'

The cryptocurrency has hovered at about $1 since FTX declared bankruptcy.

Fortune

Maverick Protocol raises $9 million to challenge decentralized exchanges like Uniswap

Decentralized finance protocols saw increased trading volume shortly after the SEC sued Binance.

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