FTX Has Recovered ‘Over $5B’ in Assets, Bankruptcy Attorney Says
The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it’s still short of what customers are owed in…
Tag: FTX
FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations
CoinDesk’s policy team predicts the issues and topics that may take center stage over the next 12 months. Can you believe this year started off…
SEC Calls FTT Exchange Token a Security
The complaint against Alameda’s Caroline Ellison and FTX’s Gary Wang contains allegations that FTX’s exchange token, FTT, constitutes an investment contract. FTX’s exchange token FTT…
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
Mazars has deleted Binance’s proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized. Mazars, the auditing firm working with Binance and other crypto exchanges on…
Why This Crypto Hedge Fund Is Ignoring ‘Buy Signals’ And Prefers To Stay In Cash For Now
Dr. Matthew McBrady is the head of strategy at crypto hedge fund Strix Leviathan, where he advises on the firm’s trading and investment strategies and…
US Justice Department Wants FTX Fraud Allegations to Be Investigated
The collapse was described as the “fastest big corporate failure in American history,” in a court filing. The U.S. Department of Justice wants an independent…
Bitcoin Lags as Unwinding of ‘Fed Trade’ Lifts US Stocks Above 200-Day Average
Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to risk revival in traditional markets. Unless…
FTX Exchange Halts All Crypto Withdrawals
Customer withdrawals that were previously processing but backlogged have been halted altogether, according to an announcement in the FTX Support Telegram group. Crypto exchange FTX…
FTX Token Plummets as Market Fears Possible Alameda Contagion
FTT has declined nearly 20% over the course of an hour, with Solana’s SOL down 17% and Serum’s SRM off 10%. Fears over another meltdown…
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token
The head of FTX sister company Alameda Research offered to buy as much FTT as Binance wants to sell. As speculation mounted over the weekend…