Sam Bankman-Fried's trial to resume with testimony from ex-FTX executiveGary Wang testified on Thursday that while at FTX, he created software code at the direction of Bankman-Fried that gave "special privileges...
06 Oct, 2023, 04.14 PM IST
Sam Bankman-Fried demanded special privileges for Alameda Research: ex-colleague Gary WangAccording to Wang, the special privileges granted to Bankman-Fried's hedge fund Alameda Research included a $65-billion line of credit, sev...
06 Oct, 2023, 09.53 AM IST
Sam Bankman-Fried's wealth was 'built on lies,' prosecutor says at trialProsecutors with the U.S. Attorney's office in Manhattan say Bankman-Fried used FTX customer money from the exchange's 2019 launch until it...
04 Oct, 2023, 10.24 PM IST
Sam Bankman-Fried never received plea offer, prosecutor says as trial kicks offFederal prosecutors say the 31-year-old former billionaire embezzled from FTX customers since its founding in 2019 through its November 202...
03 Oct, 2023, 08.24 PM IST
FTX celebrity promoters say crypto investors cannot sue over accountsThe proposed class action in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the Un...
18 Apr, 2023, 12.26 PM IST
How crypto self-custody offers better protection for your digital assets?Crypto believers have always propagated decentralized finance as the way forward for the community to thrive. However, it is important to n...
17 Dec, 2022, 11.37 AM IST
US justice department watchdog seeks independent review of FTX bankruptcyThe DOJ's Office of the US Trustee said in a filing in Delaware bankruptcy court that it did not question John Ray's competence or earnestn...
02 Dec, 2022, 07.07 AM IST
FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys sayIn the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platfo...
23 Nov, 2022, 11.57 AM IST
FTX has collapsed – but don't write off cryptocurrencies just yetOn Sunday, a filing in the US bankruptcy court estimated that FTX owes its 50 biggest creditors nearly $3.1 billion (₹25,336 crore). Th...
22 Nov, 2022, 01.06 AM IST
Binance pledges to create crypto industry recovery fund, calls for regulationThe recovery fund will help "reduce further cascading negative effects of FTX," Zhao said in a tweet on Monday, targeting projects that are...
14 Nov, 2022, 05.18 PM IST
As regulators scrutinise FTX, investor focus swings to Crypto.comCrypto.com tweeted that its chief executive Kris Marszalek will go live on YouTube to answer questions around some transactions on the plat...
14 Nov, 2022, 12.27 PM IST
No exposure to risky coins: Indian crypto exchanges reassure investors amid FTX fiascoAfter the Terra collapse, which devastated many Indian cryptocurrency investors and the failure of hedge funds such as Celsius and Three Ar...
13 Nov, 2022, 06.11 AM IST
FTX CEO Bankman-Fried says he’s sorry; company in talks to raise capital after Binance deal fell throughThe 30-year-old crypto entrepreneur said that the he was solely responsible for the company’s situation and that his priority is to “do rig...
10 Nov, 2022, 09.22 PM IST
How Binance, FTX deal rocked the crypto world and then collapsedFTT, the utility token of the FTX exchange, collapsed by more than 40% Wednesday following a tumble of more than 70% Tuesday. But just abou...
10 Nov, 2022, 05.13 PM IST
FTX failure wipes out over $150 billion from crypto m-cap; gloomy road for the rattled investorsCoinDCX Research said that Sam Bankman-Fried’s FTX worries about how FTX's liquidity and solvency problems raised questions about the healt...
09 Nov, 2022, 07.04 PM IST
Crypto Price Today: Bitcoin, Etheruem, Dogecoin, FTX Token tank up to 75%Homegrown crypto exchange platform, WazirX, which allows users to buy, sell, and trade various crypto assets like Bitcoin, Ether, Litecoin,...
09 Nov, 2022, 10.41 AM IST
World's largest crypto exchange Binance to acquire rival FTX unitThe company had signed a non-binding agreement to buy rival FTX's unit, FTX.com pending due diligence, Zhao said. However, Binance has the ...
08 Nov, 2022, 11.19 PM IST