Bitcoin News / Bitcoin.com - 1 year ago
The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam B...
Bitcoin News / Bitcoin.com - 1 year ago
At the premiere of “Curb Your Enthusiasm’s” final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange’s bank...
Bitcoin News / Bitcoinist - 1 year ago
A group of creditors of the bankrupt crypto exchange FTX filed an adversary lawsuit in response to the proposed payout plans, seeking to establish that deposits are their property rather than FTX’s.Β
The proposed plan of the defunct exchange wo...
Bitcoin News / Bitcoin.com - 1 year ago
The prospects of Australian creditors of the crypto exchange FTX getting all their money back recently received a boost after a judge ruled that only those who initiated Australian dollar withdrawal requests are entitled to a share of the $26 million...
Bitcoin News / Bitcoinist - 1 year ago
A recent report has provided insights into the hackers who may have been responsible for the infamous hack on the defunct FTX. This breach, which occurred after FTX filed for bankruptcy had led to the hackers draining over $400 million worth of crypt...
Bitcoin News / Bitcoin.com - 1 year ago
The collapsed cryptocurrency exchange FTX will not be proceeding with efforts to resume operations because none of the prospective suitors has pledged to invest the needed capital, the company’s attorney has said. A U.S. Bankruptcy Court judge...
Cryptocoins News / Finance Magnates - 1 year ago
The US federal prosecutors charged three individuals last month for their involvement in a $400 million hack of crypto exchange FTX using the SIM-swap technique. Although the court documents filed on January 24 named the crypto exchange "Victim Compa...
Cryptocoins News / Blockchain - 1 year ago
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the c...
Cryptocoins News / Finance Magnates - 1 year ago
The collapsed crypto exchange FTX expects to repay its creditors fully, its bankruptcy lawyers revealed in court yesterday (Wednesday). However, the customersβ assets will be evaluated based on the fiat value of held crypto assets when the markets we...
Bitcoin News / Bitcoinist - 1 year ago
In a recent court hearing in Delaware, the failed crypto exchange FTX announced its decision to abandon efforts to restart its crypto exchange and instead liquidate all assets to refund its customers, according to an attorney representing the company...
Cryptocoins News / Finance Magnates - 1 year ago
Bankrupt FTX significantly increased its cash holdings to $4.4 billion by the end of 2023 as the collapsed crypto exchange has moved towards repaying customers and creditors. The cash holding almost doubled from $2.3 billion at the end of October, ac...