News
CeFi lending markets reached $25 billion in Q3, its highest level in over three years, and the market looked very different then, says Galaxy’s Alex Thorn.
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Latest News on FTX
Get the latest news on FTX! FTX was a major crypto exchange founded by Sam Bankman-Fried and Gary Wang in 2019. Its native (FTT) token served multiple roles within the FTX ecosystem, such as reducing exchange fees for users. FTX also purchased a certain amount of FTT each week and burned it to control inflation.
In November 2022, FTX crashed due to a liquidity crisis, financial mismanagement and mass withdrawal of funds by rattled investors. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy, with Bankman-Fried sentenced to 25 years in prison in March 2024.
Stay informed on the latest developments in the FTX saga with Cointelegraph.
- News
The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up.
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One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals.
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The 2022 FTX bankruptcy pushed crypto toward greater transparency across exchanges and DeFi, yet some who lost funds in the crisis still haven't been paid.
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The former FTX CEO is serving a 25-year sentence in federal prison, but has the opportunity to receive a new trial.
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The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims.
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FTX creditors may get only a fraction of their expected payouts once adjusted for Bitcoin, Ether and Solana’s current prices, according to creditor representative Sunil.
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Brett Harrison’s new startup brings perpetual futures — crypto’s signature high-leverage contracts — to stocks, currencies and commodities.
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Former FTX CEO Sam Bankman-Fried’s odds on Polymarket of being pardoned by US President Donald Trump have more than doubled since Changpeng Zhao was pardoned.
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Coinbase has paid $25 million for an NFT that compels the once popular crypto podcast UpOnly to restart. Bull market vibes anyone?
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Sam Bankman-Fried claimed that handing over FTX to its current CEO was the “single biggest mistake” that prevented him from saving the exchange.
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ETH failed to trade above $4,300, but $547 million in inflows to the spot Ether ETFs highlight TradFi’s position on the future direction of ETH price.
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The lawsuit alleges former FTX CEO Sam Bankman-Fried directed investments in the crypto mining company, funds the exchange’s trust wants returned.
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Ryan Salame is serving time in prison for charges related to FTX’s downfall, but his deal with US prosecutors is still being litigated through his wife’s criminal case.
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The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds.
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