Sam Bankman-Fried, once hailed as a crypto visionary, has been sentenced to 25 years in prison for his role in the massive fraud at the now-defunct crypto exchange FTX. His sentencing, however, concludes only a chapter in what has gone down as one of the greatest collapses in financial history. ...
European digital asset investment manager CoinShares has successfully completed the sale of its claim in the now-defunct crypto exchange, FTX. According to the asset manager's announcement, the transaction finalized today, June 24, 2024, is a significant financial achievement that will benefit the company in several ways. The sale is expected ...
Crypto venture capital firm Pantera Capital has tipped Solana to take advantage of Ethereum's dominance shifts in the crypto market. In its latest newsletter to investors, the Menlo Park-based firm noted that Ethereum's dominance "appears to be yielding to the multi-polar model." Pantera highlighted Solana as a key player that ...
In a scathing critique of the U.S. Securities and Exchange Commission (SEC), billionaire investor and entrepreneur Mark Cuban accused the regulatory agency, led by Chair Gary Gensler, of intentionally stifling innovation and growth in the cryptocurrency industry. Cuban's remarks, shared on the social media platform X, highlighted the growing tensions ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
Defunct crypto exchange FTX has agreed to sell its European Union assets as proceeds from its settlement of a dismissed lawsuit against its EU wing. As per the proposed settlement agreement, the two key targets of the lawsuit were FTX Europe Co-founders Patrick Gruhn and Robin Matzke. In July 2023, ...
Binance appears to be yielding to the pressure from its users who desire to store their assets with independent custodians. According to a Financial Times report on Tuesday, January 30, 2024, the crypto exchange will soon start allowing its users to store their assets in independent storage options. The report ...
The management of the bankrupt cryptocurrency exchange FTX has requested approval from a Delaware bankruptcy court to sell some trust fund assets valued at approximately $744 million. The targeted trust funds assets include holdings managed by two reputable entities: Bitwise, a crypto custody service provider, and Grayscale, a crypto asset ...
Sam Bankman-Fried, founder and former CEO of FTX, has been found guilty of all seven charges brought against him by federal law enforcement authorities in a Manhattan Federal Court on Thursday, November 2, 2023. After a month-long, the 12-man jury gave a verdict finding Bankman-Fried guilty of charges including wire ...
A $6.5 million donation made by FTX to the nonprofit organization Center for Applied Rationality (CAIS) in 2022, just months before the exchange filed for bankruptcy, is now the subject of fresh legal battles for the embattled exchange. According to court documents filed on October 25, 2023, FTX's new management ...
