FTX’s FTT Token Leads Market Gains With 55% Rally, What’s Driving It?
The utility token of the defunct crypto exchange FTX, FTT is one of the top gainers in the last few days, rising
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FTXs
FTX’s FTT token rallies 28% — Binance effect or FTX 2.0 reopening?
Amid market uncertainties around Changpeng “CZ” Zhao’s departure as Binance CEO, defunct crypto exchange FTX’s native FTX Token (FTT) witnessed a brief bull run. FTT has surged in value over the past 48 hours, trading at $4.63 at the time of writing, a 28% increase from $3.56.FTT is experiencing another
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Ex-NYSE chief leads in FTX’s revival bid
Former NYSE President’s firm competes with two others to acquire and relaunch FTX. According to reports from the Wall Street Journal, Tom Farley, previous head of the New York Stock Exchange, is among the top three bidders likely to purchase FTX and potentially relaunch the bankrupt exchange. This development could signal
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FTX’s top lieutenants ‘will likely’ be sentenced after Sam Bankman-Fried: Bloomberg
Sam Bankman-Fried, the founder of FTX, has been found guilty on all seven counts in his fraud trial. According to experts, it is likely that his top allies, Caroline Ellison, Gary Wang, and Nishad Singh, will also be sentenced. However, they will likely get little or no prison time. Criminal defense lawyers and
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A deep dive into FTX’s on-chain funds movement
FTX, despite its bankruptcy, is making substantial moves in its token portfolio, leading to speculations of imminent asset sales. In the last few days, FTX, the bankrupt digital currency exchange founded by Sam Bankman-Fried, has undertaken a substantial rearrangement of its token portfolio. The movements come after a U.S. bankruptcy court granted
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Sam Bankman-Fried Implied His Friends Lied About His Role in FTX’s Collapse
The first half of Friday's testimony was basically "A History of FTX, presented by Samuel Bankman-Fried." For those following the case over the past year, nothing new. For those of us who have been tracking FTX since its founding, maybe a bit of useful detail but basically really nothing new.
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FTX’s Bankman-Fried blames Alameda’s Ellison for absent hedging
FTX founder Sam Bankman-Fried testified before Judge Kaplan and a jury in a New York federal court claiming his team sometimes made decisions out of his purview and against his instructions. Following a fraught mock testimony for Bankman-Fried, Judge Lewis A. Kaplan of the Southern District of New York ruled to
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NY sues crypto firms, FTX’s Nishad faces 75 years in jail, and Grayscale…
Top Stories This Week Grayscale files for new spot Bitcoin ETF on NYSE Arca Major cryptocurrency investment firm Grayscale Investments has filed a new application with the U.S. Securities and Exchange Commission for a new spot Bitcoin exchange-traded fund (ETF).
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A $7 billion hole in FTX’s balance
Concluding the third week of Bankman-Fried’s trial, the former general counsel revealed that FTX had a $7 billion shortage in its customer funds. The third week of FTX founder Sam Bankman-Fried’s fraud trial concludes today with the testimony of Can Sun, former General Counsel at the company. Sun explains details
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How African Students Became Victims of FTX’s Collapse
With exchanges like Binance still running ambassadorships in African countries, students have become increasingly skeptical of the programs, following their experiences with FTX. “You cannot find Binance doing campus programs in US universities and campuses, but they know Africa is a place where you can do things, speak to some
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