Ftx

Bitcoin crossing $100,000 an inflection point, crypto is here to stay, says Aptos co-founder Avery Ching

'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