2023-5-19 12:22 |
Cryptocurrency exchange FTX, currently undergoing bankruptcy proceedings, has taken legal action against its former CEO, Sam Bankman-Fried, and other individuals involved in the acquisition of the stock trading platform Embed. origin »
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Bankrupt crypto exchange FTX sued Sam Bankman-Fried (SBF) and other former executives of the company for the $250 million acquisition of stock clearing platform Embed. According to a May 17 court filing, SBF and other executives — Nishad Singh and Gary Wonder — knew Alameda Research was insolvent and still went ahead with the deal.
2023-5-18 14:30 | |
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Artificial intelligence startup Anthropic has secured $3.5 billion in its latest funding round, bringing its valuation to $61.5 billion. The round was led by Lightspeed Venture Partners, with participation from investors including Bessemer Venture Partners, Cisco Investments, D1 Capital Partners,…
A new survey suggests most FTX creditors will reinvest in crypto, but its Solana-heavy methodology casts doubt on broader market trends. The post Survey Claims Nearly 80% of FTX Creditors Will Reinvest in Crypto appeared first on BeInCrypto.
FTX creditors in several countries, China, Russia and Ukraine included, unable to participate in claims. The FTX bankruptcy estate is however said to be evaluating options. The FTX estate has begun its creditor repayments that could see more than $16 billion go to eligible creditors across the globe.
Crypto exchange Bybit said Friday that all liquidation data can now be accessible via its enhanced API. Bybit has made its liquidation data publicly available through an upgraded API, weeks after CEO Ben Zhou questioned CoinGlass’ Bitcoin liquidation estimates. In…
Defunct crypto exchange FTX will commence its next distribution on May 30, following initial repayment that started this week.
A scam group posing as FTX debt claimants defrauded two companies of more than $5.6 million, according to a new report from Inca Digital. The perpetrators allegedly used AI-generated identities and unauthorized access to bankruptcy records to execute the scheme.…
Upcoming FTX payouts may see traders position ahead, which means the altcoin to watch in the next week could be the native FTX Token (FTT). However, the payouts and a confluence of other factors could also impact Bitcoin (BTC) price.