Bankrupt FTX Exchange Turns Its Attention To Employees, Here’s How Much It Wants

It’s been almost a year since the collapse of FTX, but the failed crypto exchange continues to be surrounded by drama. In a flurry of moves to claw back funds for investors, FTX lawyers are now going after employees of Salameda Ltd.

205 +

US Prosecutors Want SBF Banned From Signal, Contacting FTX Employees

US prosecutors have requested that FTX founder SBF's bail condition be tightened because he may be involved in "witness tampering." The post US Prosecutors Want SBF Banned From Signal, Contacting FTX Employees appeared first on BeInCrypto.

207 +

FTX: Prosecutors ask judge to restrict communication between SBF and witnesses

Prosecutors have asked the judge overseeing SBF's case to restrict communication between him and employees of FTX. SBF reportedly contacted the General Counsel of FTX in an attempt to influenceThe post FTX: Prosecutors ask judge to restrict communication between SBF and witnesses appeared first on AMBCrypto.

236 +

DOJ Claims Sam Bankman-Fried Tried to Influence Witness Testimony, Asks for Communications Ban

Federal prosecutors wrote a letter to U.S. District Court Judge Lewis Kaplan on Friday, requesting that he modify the conditions of Sam Bankman-Fried’s bail to include ban on private communications with current and former employees of FTX and Alameda Research.

260 +

Silvergate gets more bad news as Moody’s slashes its ratings

The beleaguered bank was allegedly moving money between FTX and Alameda; then it sold debt at a discount and sacked employees after a bank run.

246 +

FTX bears the brunt of SBF's decisions as it attempts to reclaim these funds

FTX undertaking legal action to recoup payments by companies and former employees FTX plans to file lawsuits in case of failure on the part of political parties to return the donations CryptThe post FTX bears the brunt of SBF's decisions as it attempts to reclaim these funds appeared first on AMBCrypto.

283 +

FTX’s Bankman-Fried Gave Ex-Jane Street Traders Who Formed Modulo Capital $400M

Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived.

262 +

FTX Resumes Payments to Employees And Contractors Pending Bankruptcy Hearings

251 +

SBF Letter to Staff: ‘Maybe Still a Chance to Save FTX’

Former FTX CEO Sam Bankman-Fried (SBF) recently sent a letter to company employees. In addition to the usual string of apologies, he said that there might be a chance to save the company. The post SBF Letter to Staff: ‘Maybe Still a Chance to Save FTX’ appeared first on BeInCrypto.

226 +

Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter

Former FTX CEO Bankman-Fried did not address concerns about customer funds being misappropriated or other recent revelations about the company.

171 +

Metaplex Layoff Staff as Solana Ecosystem Suffers Indirectly From FTX Fallout

The FTX contagion had devastating effects on the Solana ecosystem. The Metaplex employees join the list of those directly affected by the FTX Fallout. The post Metaplex Layoff Staff as Solana Ecosystem Suffers Indirectly From FTX Fallout appeared first on BeInCrypto.

192 +

Solana’s Metaplex slashes workforce

Metaplex is the latest company to be affected by FTX's contagion as it laid of several employees. However, the protocol claims to have no direct exposure to the bankrupt crypto exchange.

148 +

FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say

Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone.

126 +

Bybit reportedly offering relief funds to impacted FTX employees

Bybit hopes to rescue FTX by offering relief funds to cater for the employees affected.

172 +

FTX Employees Worldwide Learned of Bankruptcy Along With the Public

Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told.

182 +

Ripple Top Exec Makes Surprising Offer To FTX Employees As Exchange Files For Bankruptcy

The offer comes as FTX files for Chapter 11 bankruptcy protections. Bankman-Fried has also resigned, entering the fifth day of the crypto exchange’s catastrophic meltdown due to a liquidity crunch.

166 +

Tech Workers Still in Demand Despite Mass Layoffs, Says Ripple CTO

With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted that they may not have to look far.

229 +

FTX customers attempt roundabout ways to withdraw their funds in Bahamas

From buying Bahamas-based NFTs to offering bounties to FTX employees, users with balances stuck in FTX are trying whatever they can to withdraw their money.

88 +

Ripple can hire “clean” Ex-FTX employees

Ripple's CTO in a tweet today opened arms to employing Ex-FTX employees who were clean of the saga. The CTO further stated that Ripple could have bought FTX had it been in possession of the funds.

224 +

Ripple Executive Makes Unexpected Offer to FTX Employees: Details

Ripple executive sees opportunity in FTX crash as company actively evolves

64 +

CZ urges employees not to trade FTT

Binance CEO warns employees about trading FTT as FTX goes through a liquidity crunch and probable bankruptcy. Binance balks at its FTX buyout attempt Earlier yesterday, Wednesday, Binance CEO Changpeng Zhao posted a note sent to Binance Team Members on…

225 +

FTX CEO’s leaked messages give insight into CEX’s death spiral

This week has seen a significant decline in the fortunes of Sam Bankman-Fried, the founder and CEO of FTX, a CEX. He sent messages to his employees on Tuesday detailing his mis-steps.

131 +

Changpeng Zhao: FTX crisis is not a victory for Binance

The head of Binance, Changpeng Zhao, published a letter to the employees of the bitcoin exchange, in which he commented on the FTX crisis and urged them to refrain from trading utility tokens of FTT’s competitor.

182 +

Binance's CZ Unveils 5 Points about FTX Situation, Here's What He Said

Binance CEO reveals intriguing details of FTX deal in letter to employees

218 +

Layer 1 Blockchain Aptos Raises $150M From FTX, Jump Crypto

The Series A funding round has brought Aptos Labs total capital raised in 2022 to $350 million. Aptos Closes $150 Million Funding Round Former Meta employees have raised $150 million...

148 +

How Not to Run a Cryptocurrency Exchange

At Japan’s Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

231 +

FTX Exchange Buys 10-year Naming Rights to eSports Team, TSM, for $210 Million

The largest deal in esports history also involves TSM FTX purchasing $1 million in FTT to distribute the cryptocurrency to its players and employees. The post FTX Exchange Buys 10-year Naming Rights to eSports Team, TSM, for 0 Million first appeared on BitcoinExchangeGuide.

289 +