FTT

Bankrupt crypto exchange FTX announced on Dec. 19 that it has entered into a settlement with its Bahamas-based subsidiary, FTX Digital Markets, according to a press release. The move comes in response to the challenges that emerged following the FTX group’s collapse in November of the previous year. The proposed settlement is still subject to […]

Ex-CTO calls FTX’s ‘Backstop Fund’ claim false, a significant deception in crypto exchange history. According to reports, FTX’s co-founder, Gary Wang, testified that concealed Python code distorted their insurance fund valuation. This fund is designe­d to safeguard users from significant liquidation eve­nts and potential losses. Furthermore, On October 6th, Gary Wang, ex-CTO of FTX, exposed […]