Ftx

'People need to get on to the Bitcoin bandwagon because it's going to be a big part of our future as a society,' Ching, a prominent Web3 industry name, tells Moneycontrol

Former Sam Bankman-Fried lieutenant Nishad Singh avoids jail in FTX case

Bankman-Fried is serving a 25-year prison term after a jury found him guilty of fraud in late 2023

World Street | Buffett’s $10 billion BofA sale, Brent tops $80, FTX bankruptcy plan cleared, and more

From Apple shares getting a downgrade, to FTX repaying a majority of its customers; here's a look at some of the major developments from across the world.

Crypto exchange FTX ordered to pay $12.7 billion to customers: US CFTC 

FTX is currently soliciting votes on its bankruptcy proposal but faces opposition from some customers who feel short-changed by the decision to repay them based on much-lower cryptocurrency prices from November 2022

Crypto exchange FTX ordered to pay $12.7 bn to customers, says US CFTC

FTX had previously committed to a bankruptcy liquidation that will repay customers whose deposits were locked during the crypto exchange's late 2022 collapse

Crypto King Sam Bankman Fried’s rise and fall | From multibillionaire founder to 25-year jail time

Sam Bankman Fried man who was on pinnacle of success, leading a luxurious life in Bahamas, to a sudden downfall that led to a 25-year-old facing jail time. Sam, also known as 'SBF,' soared to the second spot on Forbes' Crypto Rich List, only to see it all come crashing down. Sam Bankman started FTX in 2019 and it grew into one of the leading exchanges for crypto derivatives. Watch.

Sam Bankman-Fried ordered to forfeit more than $11 bn, sentenced to 25 years in prison for FTX fraud

Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David.

FTX reaches settlement with BlockFi, may pay up to $874 million

The settlement is subject to approval by U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware.

FTX debtors settle some claims over Embed deal with Sam Bankman-Fried, others

FTX, bankrupt crypto exchange, settles with founder Samuel Bankman-Fried and debtors over claims tied to Embed stock trading platform acquisition.

Fallen crypto king Sam Bankman-Fried was ‘perfectly positioned to make a religion of himself’

Book review: Going Infinite: The Rise and Fall of a New Tycoon by Michael Lewis

China FX regulator says CBDC features could improve monetary policy

China is among a host of countries developing their own CBDCs – digital tokens issued by central banks – although adoption is still in its early stages.

US fraud trial of disgraced crypto star Sam Bankman-Fried begins

The first day of the trial will be devoted to jury selection for a case that is set to last about six weeks.

The crypto market still bears the scars of FTX's collapse

Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange’s abrupt collapse in November 2022. He has pleaded not guilty.

Crypto’s First Year After the FTX Blowup: ‘It’s Been Miserable’

Feenan, whose stints over the years included a blockchain technology company and the Binance exchange, was excited to be part of a movement that promised to remake and improve seemingly everything. She even named her dog after the inventor of Bitcoin.

Sam Altman’s vision for AI puts him on collision course with government

OpenAI chief is leading projects he thinks will prepare the world for artificial general intelligence, but is attracting regulatory scrutiny

Singapore's Temasek cuts staff compensation over FTX investment

FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued at $32 billion.

Bankrupt crypto firm FTX to sell LedgerX for $50 million

FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing.

Bankrupt crypto exchange FTX has recovered $7.3 billion in assets

FTX attorney Andy Dietderich said the company is starting to think about its future after months of effort devoted to collecting resources and figuring out what went wrong under the leadership of indicted ex-founder Sam Bankman-Fried. Bankman-Fried has pleaded not guilty.

Sam Bankman-Fried, US prosecutors near new bail agreement

Bankman-Fried, 31, faces a trial set for Oct. 2 on charges of stealing billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, and making large illegal political donations to buy influence in Washington, D.C.

FTX transferred $2.2 billion to Sam Bankman-Fried via related entities, new managers say

Overall more than $3.2 billion was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday.

Crypto-focused bank Silvergate plans to wind down following blow from FTX

The decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern, disclosing that it had sold additional debt securities this year at a loss and that further losses mean the bank could be “less than well capitalized.”

Sam Bankman-Fried might use flip phone under stricter bail plan

Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency platform.

Indian-origin engineer at FTX pleads guilty to fraud charges

Nishad Singh was the former co-lead engineer of FTX Trading Ltd. He is facing federal charges for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang.

Indian-origin FTX executive Nishad Singh pleads guilty in crypto case

Nishad Singh, an Indian-origin, ex Facebook employee was part of Sam Bankman-Fried’s inner circle that ran his crypto empire from a luxury penthouse in the Bahamas.

FTX Japan to allow asset withdrawals starting Tuesday

FTX Japan said its customers could withdraw assets through the website of Liquid Japan, a crypto exchange it bought in February last year.