Key Takeaways The liquidators of Three Arrows Capital (3AC), the now-defunct hedge fund, have raised their bankruptcy claim against the crypto exchange FTX from $120 million to $1.5 billion. The updated claim accuses FTX of prematurely liquidating 3AC’s assets just…
Key Takeaways Alameda Research, a firm which worked as the now defunct FTX’s main market maker has initiated legal proceedings to recover more than $11 million held in a Crypto.com account. In a recent filing on November 7 with the…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
Key Takeaways FTX co-founder Gary Wang is asking a U.S. federal judge to spare him jail time, arguing that his cooperation played a important role in the conviction of his former business partner, Sam Bankman-Fried. Wang, once the techn chief…
Key Takeaways Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX Europe’s investment license for another six months, pushing the crypto exchange’s restrictions through May 30, 2025. This decision marks the fourth time the regulator has renewed…
Key Takeaways Creditors of the bankrupt crypto exchange FTX could recover as little as 10-25% of their original funds, according to estimates from creditor activist Sunil Kavuri. These figures, released as the exchange’s restructuring faces legal challenges, come ahead of…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) is scrutinizing FTX’s proposal to repay its creditors using stablecoins or other crypto assets. In a court filing dated August 30, the SEC expressed concerns about the legality of these repayments…
After acquiring FTX Japan, BitfFlyer Holdings intends to provide possible ETFs based on cryptocurrencies.
Key Takeaways: Collapsed cryptocurrency giant FTX has reached a significant settlement with the Commodity Futures Trading Commission (CFTC), agreeing to pay $12.7 billion to resolve a high-profile lawsuit. The deal marks a pivotal moment in the ongoing saga of FTX’s…
Key Takeaways Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, finds himself at the heart of a $100 million financial scandal involving the misuse of company assets for political donations. Recently uncovered emails, highlighted by The Wall Street Journal…
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