An FTX lawyer says the exchange expects to fully repay its customers and has abandoned efforts to restart the platform due to a lack of buyers
Its FTT token surged about 11% after the news. — 10 Years of Decentralizing the Future — May 29-31, 2024 - Austin, TexasThe biggest …
New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+
and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto banking that has eve...
US v. SBF: accounting professor Peter Easton testifies that FTX used “over a billion dollars” of customer funds to buy back Binance's FTX stake, bought in 2019
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX's FTT tokens.
US v. SBF: Caroline Ellison says SBF asked her to make false balance sheets to hide debt, he considered offering FTX shares to the Saudi crown prince, and more
Caroline testified that SBF ordered her to use FTX customer funds to cover up for Alameda's losses — and to lie to lenders about it. She was in a “constant state of dread” about the looming liquidity...
Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote
- Customer claims to be valued in US dollars as of bankruptcy — Company hasn't ruled out rebooting offshore exchange
FTX's attorneys say the company recovered $7.3B in liquid assets and is considering using creditors' holdings to reopen the exchange; FTX's FTT token jumps 70%+
Cheyenne Ligon / CoinDesk :
FTX's attorneys say the company recovered $7.3B in liquid assets and is considering using creditors' holdings to reopen the exchange; FTX's FTT token jumps 70%+
FTT's price more than doubled. FTX, the cryptocurrency exchange that collapsed spectacularly in November …
A look at Anthony Scaramucci's SkyBridge, which went from $9.2B assets in 2015 to $1.8B in 2022, and the FTX deal for a 30% stake in SkyBridge in September 2022
and snowballed beginning in 2018 after Scaramucci, back from Washington, hired a friend from Harvard Law School who's been behind the money-losing push into crypto. https://www.bloomberg.com/... @prof...
Sources: Sam Bankman-Fried gave some Genesis executives the chance to invest in presale of FTT and Serum at a discount, before the tokens were issued publicly
Financial Times :