FTX

This year’s crypto conferences in Asia have ignited a spark of enthusiasm that’s hard to ignore. Reports from industry insiders suggest that the atmosphere was electric, particularly compared to similar gatherings in the United States. Messari and Blockworks Group de­serve commendation for curating e­xceptional lineups and fostering a live­ly discussion. The conference­s held in Asia during […]

Gemini Trust’s legal representatives have contested a Digital Currency Group (DCG) proposal regarding the Genesis Global creditors. In a September 15 filing submitted to the United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of employing deceptive tactics, labeling them as “gaslighting” with their recovery plan. The recovery […]

Bankrupt crypto exchange FTX has taken legal action against its former partner, LayerZero Labs, a blockchain infrastructure company, to recover $21 million in funds that were allegedly illegally withdrawn before FTX’s closure in November last year. According to court documents filed on Sept. 9, the exchange accused LayerZero Labs of wrongdoing related to transactions between […]

Concerns have surfaced regarding FTX as the transfer of millions in altcoins prompts worries about potential market fluctuations. A subsequent dump across the crypto industry is also a source of concern. FTX bankrupt exchange wallet recently moved $10 million in Solana assets to Ethereum, signaling a significant crypto shift. This move has raised concerns about […]

Cryptocurrency exchange Coinbase launched a Stand With Crypto Alliance, a crypto advocacy group, on August 14. The primary goal of this independent non-profit organization is to mobilize support for legislation that would establish a regulatory framework for digital assets in thе United States. According to the website, there are currently 54,500 crypto advocates ready to […]

Crypto exchange FTX, mired in bankruptcy turmoil, FTX has submitted a motion to the court seeking the exclusion of its Dubai subsidiary from the ongoing bankruptcy proceedings in the United States. The motion, filed on August 2, has sparked a contentious legal battle that could potentially reshape the trajectory of FTX’s restructuring efforts. The exchange’s […]

In a stunning turn of events, federal prosecutors in New York are pushing for the imprisonment of Sam Bankman-Fried. He is the once-revered co-founder of the FTX, and this comes just ahead of his scheduled trial set for October. Moreover, the cryptocurrency mogul’s empire collapsed, sending shockwaves through the financial community, and now he finds […]

The UK government said “no” to the lawmaker’s idea of regulating crypto like gambling. Instead, it believes its existing proposals are better suited to handle risks, including those arising from the FTX collapse.  House of Commons Treasury Committee raised concern that the government’s plans to treat crypto like traditional finance were not strict enough. However, […]

On July 19, Australia’s financial services regulator declared that it had canceled the license of the Australian branch of the collapsed US crypto exchange, FTX. The license was revoked on July 14th. The decision follows events that have threatened the stability of Australia’s crypto industry. Bahamas-based FTX had become a prominent company in the crypto […]