FTX

FTX Set to Begin $50,000-Cap Repayments as Restructuring Plan Takes Hold

FTX bankruptcy reorganization plan activated on January 3, 2024, initiating user fund repayments. Users with claims under $50,000 may receive compensation within 60 days. Official claims...

Tether’s Market Cap Sees Steepest Weekly Drop Since FTX Crash Amid EU Regulatory Pressure

Tether's USDT market value decreased by over 1% to $137.24 billion, marking the largest weekly decline since November 2022. European Union exchanges and Coinbase removed...

FTX Token Surges 40% Before Pudgy Penguins’ PENGU Allocation News

Pudgy Penguins allocates 0.35% of PENGU tokens to FTX's FTT token holders. PENGU's total supply is 88 billion tokens with 17.8% for team, 25.9% for...

FTX Sues Binance to Recover $1.76B in ‘Fraudulent’ Fund Transfers

FTX files lawsuit against Binance and CZ seeking $1.76 billion in allegedly fraudulent transfers from 2021 The lawsuit stems from Binance's exit from its 20%...

FTX Sues Binance and CZ to Recover $1.8B in Allegedly Fraudulent Share Deal

FTX sues Binance and CZ for $1.8 billion over a 2021 share repurchase deal CZ bought 20% of FTX for $80 million in 2019, sold...

California Permanently Revokes BlockFi’s Lending License After FTX Collapse

California's DFPI permanently revokes BlockFi's lending license following its 2022 bankruptcy BlockFi's collapse was partially triggered by a $400 million credit line extended to FTX The...

Post-FTX Era: Only Binance and Bitfinex See Growth in Bitcoin Reserves

Two years after FTX's collapse, Binance and Bitfinex are the only major exchanges showing Bitcoin reserve growth Binance's Bitcoin reserves increased by 28,000 BTC (5%)...

FTX Exec Makes Final Plea as Judge Weighs Prison Time

Former FTX executive **Nishad Singh** faces sentencing today at 3pm ET in Manhattan FTX CEO **John J. Ray III** sent a letter to Judge Kaplan...

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Coinbase Legal Chief to Testify in Congress Over Alleged Crypto Banking Discrimination

Coinbase's Chief Legal Officer to testify before Congress regarding alleged banking restrictions on crypto firms. Investigation focuses on claims that...

CFTC Investigates Super Bowl Event Contracts on Crypto.com and Kalshi Over Gaming Rules

CFTC's investigation into crypto.com and Kalshi's Super Bowl event contracts hinges on whether sports-based contracts qualify as "gaming" under...

RWA Tokenization Market Surges to $17.1B, Nearly Doubles Year-Over-Year

Real-world asset tokenization markets reach $17.1 billion in total value locked, matching January's record. Year-over-year growth shows 94% increase in...

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