Nike Faces a $5 Million Lawsuit Over Its Collapsed NFT Project RTFKT

The lawsuit argues that Nike promoted unregistered securities and abandoned the project after capitalizing on the crypto boom, leaving investors with worthless assets. The post Nike Faces a $5 Million Lawsuit Over Its Collapsed NFT Project RTFKT appeared first on BeInCrypto.

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Brazil jails crypto scheme operators to a combined 171 years

Brazil’s federal court has sentenced three members of the collapsed crypto scheme Braiscompany to a combined 171 years in prison, marking one of the country’s harshest penalties in a financial fraud case.

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Breaking: Crypto Market Getting Annihilated as Ethereum Collapses by 10%

The cryptocurrency market has collapsed

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Binance founder Changpeng Zhao ‘CZ’ leads crypto community donations for deadly SEA earthquake

In the wake of a devastating 7. 7-magnitude earthquake that struck Myanmar and Thailand on Friday, over 1,700 fatalities have been confirmed and thousands injured across the two nations. The epicenter, located near Mandalay in central Myanmar, caused widespread destruction, including collapsed buildings, damaged infrastructure, and flooding.

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US court permits Three Arrows Capital to expand claim against FTX, rejects FTX’s objections

A U.S. bankruptcy court has allowed the liquidators of the defunct crypto hedge fund Three Arrows Capital to substantially increase its claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion. In a March 13 ruling by…

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Regulators to blame for LIBRA memecoin scandal — Coin Bureau founder

Some in the crypto community are outraged about the lack of legal clarity around memecoins like Libra, which collapsed soon after endorsement by Argentine President Javier Milei.

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FTX estate starts $13b repayment process, prioritizing small claims

The FTX estate kicked off creditor repayments on Feb. 18 by 10 a.m. Eastern Time, almost three years after the crypto exchange collapsed.

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Argentina’s Milei denies wrongdoing in $LIBRA crypto crash: ‘I acted in good faith’

Argentine President Javier Milei has denied any involvement in a cryptocurrency scandal that saw investors lose billions after the digital asset $LIBRA collapsed. Speaking to broadcaster TN on Monday, Milei insisted he merely “spread” information about the token, not promote it.

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XRP price prediction as Ripple liquidations hit $110m

The XRP price collapsed hard on Monday as the crypto and stocks meltdown gained steam. Ripple dropped from a high of $3.3970 in January to a low of $1.7753. So, what next for the price of Ripple? XRP price prediction The weekly chart shows that the XRP token peaked at $3.40 earlier this year and […]

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Filecoin price prediction: Will the FIL token recover?

Filecoin price has collapsed, erasing all the gains made in 2024, and making it one of the worst-performing tokens in crypto. The FIL token plunged to a low of $2. 6155 on Monday, its lowest level since 2022.

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Tether’s market cap sheds $1.4b as MiCA activates

Tether’s U.S. dollar stablecoin witnessed its biggest downturn since FTX collapsed during the lethargic 2022 crypto market period.

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Montenegro completes Do Kwon’s extradition to the US

Montenegro has completed the extradition of Do Kwon, the founder of collapsed crypto project TerraUSD/Luna. Kwon was arrested in Montenegro in 2023 and unsuccessfully fought extradition to the US.

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FTX co-founder Gary Wang avoids prison time in crypto fraud case

Gary Wang is now the fifth former executive of collapsed crypto exchange FTX to be sentenced for their role in the company’s implosion. Wang received a sentence of time served and three years of supervised release and will forfeit $11 billion.

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California permanently cuts off BlockFi’s license over bad lending practices

The California Department of Financial Protection and Innovation has permanently revoked BlockFi’s lending license following its bankruptcy and regulatory issues. BlockFi, a crypto lending platform, collapsed in 2022 amid financial troubles tied to the downfall of crypto exchange FTX.  BlockFi…

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Bankruptcy judge approves FTX’s reorganization plan

Roughly two years after the crypto exchange collapsed and many of its executives faced criminal charges, the Oct. 7 court decision was a step forward for reimbursing FTX users.

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The largest TON tokens collapsed by 50%: Here are the possible reasons

TON ecosystem tokens recently listed on major crypto exchanges have significantly dropped. The largest tokens by market capitalization in the TON ecosystem have seen a sharp decline in the past few days.

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SBF files appeal seeking to reverse conviction over allegations of judicial bias

Sam Bankman-Fried (SBF), co-founder of the collapsed crypto exchange FTX, has filed an appeal challenging his fraud conviction on Sept. 13, arguing that the trial was tainted by judicial bias and procedural errors.

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Bitcoin (BTC) Set New Records During Recent Plunge, Data Says

Bitcoin (BTC) traders hit two amazing milestones once largest crypto collapsed to $50,000

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Bitstamp will begin Mt. Gox creditor repayments on July 25

After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed.

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Bankrupt crypto lender BlockFi to start creditor repayments in July

Defunct cryptocurrency lending platform BlockFi is set to start repaying its creditors in July, 19 months after filing for bankruptcy. Collapsed crypto lending platform BlockFi will start repaying its creditors in July, nearly two years after the firm filed for…

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Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year

Former FTX Director of Engineering Nishad Singh and former Chief Technology Officer Gary Wang are set to be sentenced this fall in the ongoing criminal case against what was once a global crypto exchange before it collapsed in historic fashion near the end of 2022.

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Bitcoin price plunges below $55k as Mt. Gox announces repayments

The price of Bitcoin has continued its descending movement, sliding under the $55,000 threshold, returning back to levels last seen in February. Bitcoin’s (BTC) sell-off has intensified amid reports that the collapsed crypto exchange Mt. Gox moved over 47,000 BTC…

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CEO of defunct yield protocol says user deposits weren’t 'principal protected'

The South Korean platform Delio collapsed last year due to counterparty exposure to Haru Invest, another South Korean crypto yield giant.

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FTX And Alameda Ramp Up Liquidations; Almost $100 Million In Assets Sold In Just One Month

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Key Bitcoin Indicator Points to Period of Calm in Crypto Market

BTC's volatility risk premium (VRP) has collapsed in a sign of a market trending towards stability, where future uncertainties are less of a concern.

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Pantera Capital wins another bid for discounted Solana tokens in FTX bankruptcy auction

California-based venture capital firm Pantera Capital has reportedly won another bid for discounted SOL tokens from a collapsed exchange. Pantera Capital, a Menlo Park-headquartered crypto venture capital firm, has won another pack of discounted Solana’s SOL tokens in an auction…

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Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison.   FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25 years in prison.

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Sam Bankman-Fried deserves 40-50 years in prison, prosecutors say

Sam Bankman-Fried, the disgraced former CEO of collapsed crypto exchange FTX, deserves a jail term of not less than 40 years, US prosecutors said on Friday. According to the sentencing memo the Department of Justice, Southern District of New York, filed on Friday, what Bankman-Fried needs is 40 to 50 years in prison. The prosecution […]

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Venture capital firm denies leading $4M raise for Su Zhu’s OX.FUN

On February 23, new gamified perps exchange OX. FUN announced it had secured a $4 million financing round. OX. FUN is reportedly a new crypto venture of Su Zhu, the co-founder of collapsed hedge fund Three Arrows Capital (3AC).

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FTX receives go-ahead to sell its stake in AI startup Anthropic

Collapsed crypto exchange FTX has been cleared to sell its stake in Anthropic which has more than doubled in value since the exchange’s investment.  United States federal bankruptcy judge John Dorsey approved FTX’s motion to sell its shares in artificial…

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Euro Collapsed Against BTC: Balaji Srinivasan on ECB Bitcoin Criticism

Crypto Twitter mocking anti-Bitcoin tirade shared by European Central Bank officers

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Sam Bankman-Fried insider claims image of former FTX founder in jail is legit

Famed crypto YouTuber and SBF insider Tiffany Fong goes on record saying the infamous image of the famed ex-FTX CEO circulating on the internet is legit. Independent crypto reporter Tiffany Fong shared a photo of the founder of the collapsed…

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Mt. Gox trustee confirms creditors’ addresses for BTC and BCH repayments

Mt. Gox creditors are reportedly receiving emails from the collapsed crypto exchange to confirm their accounts for repayments. According to emails shared by users of social platforms such as Reddit, creditors can receive payments in Bitcoin (BTC) or Bitcoin Cash (BCH).

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Collapsed Celsius Sets January 3 as Deadline for Filing Claims Following Court Ruling

The US bankruptcy court of the Southern District of New York has approved a request by insolvent crypto lender Celsius to move the Proof of Claims submission deadline to January 3, 2023. The directive targets individuals with claims against Celsius Network LLC and its seven affiliates- listed as debtors in the ongoing Chapter 11 bankruptcy. […]

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Aid For Ukraine Denies Transferring Funds With FTX To U.S. Democratic Party

The second crypto exchange in the world, FTX, collapsed taking down several companies in the fallout. The contagion negatively impacts companies, projects, and hedge funds and could have consequences for political actors in the U.

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Binance CEO Changpeng Zhao Warned Sam Bankman-Fried to Own Up Before FTX Bankruptcy

Binance CEO Changpeng' CZ' Zhao weighs in on the future of crypto and former FTX CEO Sam Bankman-Fried (SBF) before FTX collapsed. The post Binance CEO Changpeng Zhao Warned Sam Bankman-Fried to Own Up Before FTX Bankruptcy appeared first on BeInCrypto.

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FTX New CEO John Ray Reveals More SBF Scandals In Court Filing

The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U. S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies.

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Best DeFi cryptos to buy for the long term

November has been a terrible month for the cryptocurrency industry. Most crypto prices have collapsed by more than 20% while the total market cap of all digital coins has crashed from over $1 trillion in October to about $830 billion.

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Bahamian Liquidators Say FTX Wasn’t Authorized to File for Bankruptcy in the US

The bankruptcy proceedings of collapsed crypto exchange FTX are already shaping up to be chaotic – the collective 100-odd companies that filed for bankruptcy last Friday have an estimated one million creditors – but Bahamian liquidators threw another wrench into the process on Tuesday.

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Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of TerraUSD (UST) in May, according to a third-party audit by JS Held.

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eToro’s properties make it a reliable FTX alternative

FTX collapsed last week, and that has left many investors scrambling for alternatives. eToro provides a reliable alternative for people looking to use secure trading platforms. FTX, one of the leading crypto exchanges in the world, collapsed last week.

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Crypto asset management firm Ikigai ‘caught up in the FTX collapse’

Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the FTX collapse as it had a large portion of its assets on the collapsed exchange, according to the firm’s founder and chief investment officer, Travis Kling.

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FTX under investigation in the Bahamas for criminal misconduct - Report

The Bahamas securities regulator and financial investigators are reportedly investigating the collapsed crypto exchange.

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Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit Ramp

A Solana-based crypto asset tied to the price of bitcoin collapsed in value Friday after CoinDesk reported that FTX US – the only venue left to exchange it for real bitcoin – had frozen withdrawals.

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Crypto Biz: Crypto’s day of reckoning has arrived

After lecturing us about crypto regulation, Sam Bankman-Fried's house of cards collapsed this week as FTX declared bankruptcy.

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Crypto Twitter distraught over FTX collapse

The world’s third largest exchange FTX collapsed within a matter of days and the community’s pain is visible to all on Crypto Twitter. The post Crypto Twitter distraught over FTX collapse appeared first on CryptoSlate.

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Crypto Hedge Fund Arca Nearly Doubles Sales for Flagship Fund Despite LUNA Exposure

The Digital Asset Fund, which had Terra’s collapsed token as a core holding, now has $191.7 million in sales

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Collapsed Australian Crypto Exchange ACX Allegedly Used Customer Funds to Run Business

An Australian court has heard that Australian cryptocurrency exchange ACX that collapsed last year used customer deposits to fund another part of its business instead of keeping the funds on reserve.

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Three Arrows Founders’ Locations Unknown As Court ‘Manhunt’ Begins

Unconventional actions are being taken by the liquidators of the collapsed crypto hedge firm Three Arrows Capital to compel the fund’s founders into complying with the law’s due process. After a British Virgin Islands court apparently placed the company into liquidation at the end of June, the Singapore-based firm filed for Chapter 15 bankruptcy in a […]

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