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Search Results for: FTX collapse

FTX Japan Launches Recruitment Drive for FTX 2.0 Relaunch

FTX Japan has begun a recruitment push to grow its workforce and advance the FTX 2.0 plan. By the end of the second quarter of 2024, the FTX team hopes to have relaunched the exchange. To further the FTX 2.0 project, FTX Japan is on the lookout for fresh talent.

July 13, 2023 1 min read

EXCLUSIVE: Beeple Donates Artwork Featuring Disgraced Former FTX CEO Sam Bankman-Fried

Castello di Rivoli Museo d’Arte Contemporanea, one of Italy’s premier contemporary art museums, has made an exciting addition to its permanent collection with a generous donation from artist Mike Winkelmann, better known as Beeple.  The artwork, titled FTX BOARD MEETING, DAY #5676 11.13.2022, is a unique creation that exists both

July 3, 2023 2 mins read

FTX Announces Official Relaunch: Here’s What You Need to Know

FTX, the international cryptocurrency exchange, is embarking on a new phase after a tumultuous period in its history. Following a highly publicized collapse in 2021, the company is now focused on relaunching its flagship platform. John J. Ray III, who assumed leadership during the bankruptcy proceedings, confirmed that FTX has

June 28, 2023 2 mins read

FTX To Get Back $550,000 Donation Given to Metropolitan Museum of Art

The contribution of $550,000 to the Metropolitan Museum of Art from the cryptocurrency exchange FTX will be returned after the exchange’s failure in November. In a filing with the United States Bankruptcy Court in Delaware on June 2, the New York-based museum reaffirmed its plan to reimburse the monies to

June 5, 2023 1 min read

FTX Bankruptcy Referred to US Appeals Court for Independent Investigation

An important step has been taken in the wake of the FTX collapse with the referral of a lawsuit involving the appointment of an independent investigator to the US Third Circuit Court of Appeals by a judge in Delaware. The administration and a number of Senators first banded together to

May 31, 2023 2 mins read

Collapsed Australian Crypto Exchange TrigonX All Set To Relaunch

After collapsing in December with debts of more than $50 million, Australian crypto exchange TrigonX is the latest comeback story to emerge from the FTX failure. The Australian reported on May 29 that TrigonX director Matteo Salerno said the crypto exchange will be revived once a deed of company arrangement

May 30, 2023 1 min read

FTX Financiers and Endorsers Facing the Class Action Lawsuits

In a dramatic twist, the collapsed FTX cryptocurrency exchange finds itself at the heart of a brewing legal storm. According to a Bloomberg report, the prominent financiers and high-profile celebrity endorsers of the now-defunct platform are under the lens, facing potential consolidated class-action lawsuits.  This wave of litigation comes after

May 26, 2023 2 mins read

IRS Files $44B Claim Against FTX; FTT and XRP at Risk

Earlier today, the United States Internal Revenue Service (IRS) filed 45 claims accounts worth 44 billion dollars against FTX, the collapsed cryptocurrency exchange platform. Along with this, it associates with the related firms as well. More About IRS Claims The claim reports include the partner companies of FTX such as

May 11, 2023 1 min read

U.S Court Approves Sale of LedgerX by FTX for $50 Million

FTX’s loss-making sale of the derivatives trading platform LedgerX was approved by a U.S. court today. On Thursday, Judge John Dorsey swiftly approved the sale to M7 Holdings, a private equity firm. When the United States Bankruptcy Court in Delaware approved a motion to allow the sale. LedgerX CEO Zach

May 5, 2023 2 mins read

FBI Raids House of Former Co-CEO of FTX’s Bahamas Subsidiary

Ryan Salame, the ex-CEO of FTX’s Bahamian subsidiary, allegedly had his house inspected by the FBI. The massive downfall of the once-prominent crypto behemoth has been followed by many months before the raid. Authorities, prosecutors, and disgruntled investors all say the exchange cheated its clients out of money, and they

April 28, 2023 2 mins read