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…
The fallout from FTX’s collapse just keeps getting messier. According to a bombshell court filing from the bankrupt crypto exchange, FTX owes a jaw-dropping $3.1 billion to its top 50 creditors alone. That’s right—just 50 names account for a debt pile that’s left over a million clients and investors reeling from losses in the billions…
More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have stated that they are looking into FTX occurrences. The Bahamas Securities Commission freezes FTX’s assets According to a statement released by the Bahamas Securities Commission on Thursday, the…
Bitcoin.com is throwing a lifeline to folks burned by the recent wave of crypto exchange flops, rolling out a new program to cushion the blow from centralized giants like FTX, BlockFi, Celsius, and Voyager going bust. Dubbed the CEX Education Program, it’s dishing out compensation to victims who sign up at getverse.com—while giving a big…
Amid the recent FTX crypto company bankruptcy troubles, Bybit reportedly hopes to rescue FTX by offering relief funds to cater to the employees affected. Employees who have lost by a specific threshold can apply and will receive a certain amount monthly for the following year. Bybit lends a hand to FTX employees According to reports…
According to the latest reports, Sam Bankman’s bankrupt exchange (FTX) is presumed to have held serum assets worth $2 billion. Moreover, his organization accumulated $900 million in liquid assets. Sam Bankman’s exchange continues its drama Amid FTX’s crucial drownings and surprise to its users, investments components reports suggest that Sam Bankman Fried’s trading exchange had…