FTX

FTX Begins Paying Small Creditors with 9% Interest Since 2022 Collapse

FTX creditors with claims under $50,000 are receiving payments plus 9% annual interest since November 2022. Distributions are being processed through cryptocurrency exchanges Kraken and...

AI-Powered Scammer Steals Millions in FTX Claims Using Deepfake Video Calls

AI-powered shapeshifting scammer allegedly defrauded multiple companies of $5.6 million through fake FTX liquidation claims. Fraudster utilized face-swapping technology during video calls to impersonate legitimate...

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...

Latest news

CleanSpark Ends Monthly Bitcoin Reports, Cites Data Center Growth

CleanSpark produced 529 BTC in September, averaging 17.64 BTC per day, and holds 13,530 BTC in treasuryThe $2.276 billion...

China doc exposes pig butchering scam border horrors

China released a documentary series exposing pig butchering scams across Southeast AsiaNearly 100,000 law enforcement personnel are working to...

Qureshi Slams Drake’s ‘Bunker Mode’ as Crypto Doomerism

Dragonfly managing partner Haseeb Qureshi called Ethereum researcher Justin Drake’s “bunker mode” warning “cryptographic doomerism,” arguing that moving tokens...