The bankrupt duo of FTX and Alameda Research is back at it, shifting $10.8 million in cryptocurrency to exchanges like Wintermute, Binance, and Coinbase. According to blockchain tracker Spot On Chain, the firms—now under receivership—moved a mix of eight digital assets in their latest shuffle. The haul included 10 million StepN (GMT) worth $2.58 million,…
Bankrupt crypto exchange FTX just got the go-ahead to cash in roughly 32 million shares in digital asset trusts, a move aimed at clawing back funds for creditors burned by its 2022 collapse. A Delaware bankruptcy court filing from November 29 greenlit the sale of about $873 million in assets, with the haul set to…
A U.S. District Judge in Seattle has slammed the brakes on Changpeng Zhao’s plans to head back to the UAE, keeping the former Binance CEO stateside until his February sentencing. Judge Richard Jones flipped an earlier ruling that would’ve let Zhao jet off, siding instead with prosecutors who pushed to keep him grounded after his…
The U.S. Department of Justice (DOJ) is gunning to put Sam Bankman-Fried, the ex-CEO of the now-defunct crypto exchange FTX, behind bars before his trial. In a letter to Judge Lewis A. Kaplan of the Southern District of New York’s federal court, the DOJ laid out its case, accusing Bankman-Fried of witness tampering and leaking…
CoinLoan, a European crypto-lending platform that’s been running under Estonia’s Financial Authority since 2017, has slammed the brakes on all operations following a stern court notice. Estonian regulators dropped a bombshell, banning CoinLoan from touching any assets without explicit go-ahead from an appointed liquidator, Martin Yen, who’s now stepping in as interim administrator. The order,…
Crypto exchange OKX made headlines today, announcing it’s handing over roughly $157 million in frozen assets tied to the collapsed FTX and its sister firm, Alameda Research, to help FTX’s debtors. The move came in a March 29 press release responding to a motion filed in FTX’s ongoing bankruptcy proceedings. Back in November 2022, as…
A federal bankruptcy court just pulled the plug on the naming rights deal between FTX and Miami-Dade County, clearing the way for the fallen crypto giant’s logo to get scrubbed from the Miami Heat’s NBA arena. Once the third-biggest cryptocurrency exchange around, FTX went down in flames, racking up losses between $8 billion and $10…
Ukraine’s big-name pharmacy chain, ANC Drugstore, is jumping into the crypto game, partnering with Binance Ukraine to let customers pay with Bitcoin via Binance Pay. Announced on January 3, 2023, the move means folks can now snag meds and health goodies online from ANC’s 1,000-plus stores and settle up instantly—starting with a rollout in Kyiv….
Turkey’s Financial Crimes Investigation Agency announced on Monday, the 14 of November, that it is investigating FTX.com for the infamous collapse of the crypto exchange last week. MASAK notice claimed their investigation included looking into people, institutions, banks, and crypto service providers related to FTX. This may include local subsidiary FTX Turkey, which is listed among 134…
Bankrupt crypto exchange FTX has said it could have more than a million creditors on its books. The revelation was made in a new filing at the United States Bankruptcy Court for the District of Delaware, handling the company’s chapter 11 proceedings. FTX wants to combine creditor lists In the filing, FTX seeks permission from the court…
