FTX

In the aftermath of FTX’s downfall, investors have reached an unexpected agreement with Sam Bankman-Fried. Plaintiffs in civil lawsuits against the disgraced crypto founder have agreed to drop their claims in exchange for his cooperation in pursuing claims against prominent figures such as Tom Brady, Shaquille O’Neal, and Gisele Bündchen, who endorsed FTX to potential […]

Crypto asset manager Grayscale’s Bitcoin exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21. This follows a massive week of outflows, with March 18 seeing the largest single-day outflow of $643 million, according to data from Farside Investors.  The total outflow from Grayscale’s GBTC for […]

FTX has decided to repay its customers fully. According to a Bloomberg report, FTX informed the bankruptcy judge it would refund creditors and customers who could demonstrate their losses. After two years of struggling to reach an agreement, FTX has finally agreed to pay for all the losses incurred by its customers. During a Wednesday […]

Bitcoin price has fallen since Bitcoin ETFs were approved. This week, we assess the claims behind fear, uncertainty, and doubt (FUD), pointing to the Grayscale Bitcoin ETF. We analyze aggregate ETF flows while considering the increased holdings by BTC whales and underreported factors possibly dragging the market. Since the launch of spot ETFs, market observers […]

FTX, the now-defunct crypto exchange, has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). According to CoinDesk, which cited “private data” and anonymous sources, FTX aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it held in the GBTC fund.  The report […]

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 […]

FTX Trading Ltd., the crypto exchange which used to be one of the biggest and most popular platforms in the industry, is approaching its bankruptcy case end after its founder and CEO Sam Bankman-Fried was sentenced on planning huge fraud that led to FTX bankruptcy, according to Bloomberg Dec 18th. The bankrupt exchange last year […]

The bankruptcy of FTX, one of the largest cryptocurrency exchanges in the world, has sparked a debate over how to value the claims of its customers who lost their funds in the collapse. The FTX debtors announce their amended Chapter 11 plan of reorganization, wherein they propose retroactively setting the value of customer asset claims […]

Crypto firm FTX contests the $24 billion IRS tax bill in bankruptcy proceedings. In a new development, the insolvent cryptocurrency exchange currently undergoing bankruptcy proceedings, FTX Trading, has contested a proposed $ 24 billion tax bill levied by the United States Internal Revenue Service (IRS). FTX, mired in legal woes along with sister firm Alameda […]