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…
Key Takeaways A group of FTX creditors, led by vocal critic Sunil Kavuri, filed an objection on May 30th, 2024, to the bankrupt crypto exchange’s reorganization plan in US bankruptcy court. The objection argues the plan falls short on several…
The United States Internal Revenue Service (IRS) and bankrupt crypto exchange FTX tentatively reached an agreement.
Key Takeaways Sinohope, formerly Huobi Technology, created by Huobi exchange co-founder Leon Li, will recover over 100% of its stuck deposits on the defunct crypto exchange FTX via its Hbit subsidiary. As per a May 24 announcement, Hbit has sold…
