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Cryptocurrency
FTX files plan to end bankruptcy, pay crypto creditors billions
The reorganization plan left some of the most important questions unanswered, including whether FTX will restart its exchange.
December 18, 2023
Cryptocurrency
FTX’s Sam Bankman-Fried found guilty of fraud
He faces as much as 20 years in prison on each of the most serious charges. Judge Lewis Kaplan set a sentencing date in March.
November 03, 2023
Cryptocurrency
FTX is negotiating with three bidders to restart the crypto exchange
The company will make a decision about how to proceed by mid-December.
October 25, 2023
Cryptocurrency
Singapore turned conservative on crypto after FTX, says Binance's Zhao
Binance.US said earlier this week that it’s eliminating about one third of its workforce, or more than 100 positions.
September 14, 2023
Cryptocurrency
Temasek Holdings cuts pay of those responsible for the investment in FTX; says it is ‘disappointed’ with the outcome
The state investment company had to write off its entire investment of US$275 million in November 2022.
May 29, 2023
Cryptocurrency
FTX advisers have found US$5 bil cash or sellable crypto
The company is working to monetise assets with a book value of US$4.6 billion says company attorney Andrew G. Dietderich.
January 12, 2023
Cryptocurrency
Tom Brady, Gisele, Patriots' Bob Kraft among FTX shareholders facing wipeout
Brady, formerly a prominent FTX booster, owns more than 1.1 million common shares of FTX Trading.
January 11, 2023
Cryptocurrency
Crypto firm Amber raises US$300 mil to tackle damage from FTX
At its peak, Amber had more than 1,000 employees at the end of the second quarter and early in the third quarter of this year.
December 16, 2022
Cryptocurrency
Sam Bankman-Fried arrested in Bahamas as US files FTX charges
In media interviews since FTX’s collapse, Bankman-Fried has admitted major managerial missteps.
December 13, 2022
Cryptocurrency
Bitcoin drops as tremors from China unrest spook global markets
Bitcoin, the largest token, at one point shed 3.2% and was trading at about US$16,090 as of 11.04am in New York.
November 29, 2022