Trump’s embrace of the crypto world is as sudden as it is suspicious
FTX
Latest in FTX
AB Majlis
AB Majlis podcast: A deep dive into the crypto industry’s road to redemption – In conversation with Chainalysis
Arushi Goel and Nicola Buonanno offer expert insights on tackling crypto crime and regaining public trust on the latest episode of AB Majlis
Bankruptcy
Sam Bankman-Fried appeals FTX fraud conviction, 25-year sentence
The 32-year-old former billionaire was the poster boy for cryptocurrency, gracing magazine covers and enjoying audiences with lawmakers, before the speculator collapse of FTX in 2022
Cryptocurrency
Crypto after FTX: Rebuilding a broken industry
The crypto industry could thrive again if firms embrace compliance and transparency in the post-FTX era, experts say
bankrupt
FTX founder Sam Bankman-Fried faces 110 years in jail after jury finds him guilty of fraud
US District Judge Lewis Kaplan set Bankman-Fried’s sentencing for March 28, 2024
binance
Binance founder CZ defends crypto, shuts down critics amid regulatory scrutiny: ‘I think lying is fraud’
In a candid interview CZ addressed recent backlash and responded to crypto critics at the ‘The Transformation Agenda: finance reimagined’ event programmed by Economist Impact as part of Fintech Forward 2023 in Bahrain
crypto assets
Bankrupt FTX crypto exchange reclaims a whopping $7.3bn in assets: Report
According to FTX attorney Andy Dietderich, FTX is starting to think about its future after months of effort devoted to collecting resources
binance
Binance chief claps back at US lawsuit, calls it ‘unexpected and disappointing’
Binance defended its practices saying that it has been “working collaboratively with the CFTC for more than two years”
binance
Crypto trading giant Binance faces US lawsuit for ‘operating illegally’
The lawsuit against Binance was filed by the Commodity Futures Trading Commission (CFTC), who claimed that the firm cultivated US business while failing to register properly with authorities
crypto assets
FTX recovers $5bn in sellable assets
FTX Group advisers find more than $5bn in cash and sellable crypto assets
Bankruptcy
FTX founder Sam Bankman-Fried pleads not guilty to all eight charges
Trial date set for October 2; If convicted of all charges, Bankman-Fried faces 115 years of prison time
crypto business
Charged with ‘epic’ fraud, FTX’s Sam Bankman-Fried released on $250mn bail
Two of his top executives pleaded guilty to various criminal charges related to fraud at FTX and are cooperating with the federal government
Bankruptcy
FTX’s SBF agrees to be extradited to the US after chaotic day at Bahamas court
No date set for the extradition yet; Bankman-Fried’s lawyer says it is a voluntary decision “against legal advice” by the FTX founder
Bankruptcy
Sam Bankman-Fried arrested in the Bahamas on US request
The founder of the collapse FTX expected to be extradited soon; SBF was preparing to appear before US Congress
Bankruptcy
Domino effect: BlockFi files for bankruptcy following huge exposure to FTX
The liquidity crisis due to BlockFi’s exposure to FTX via loans to one of its affiliate companies Alameda, as well as cryptocurrencies trapped on FTX’s platform
binance
Dubai’s crypto push in spotlight after $32bn FTX collapse
Dubai has positioned itself as a crypto-hub – what does that mean after the collapse of FTX?
Central Bank Digital Currency
FTX downfall: DeFi is a broken system and is the antithesis of decentralisation
The collapse of FTX illustrates how the DeFi system is fundamentally broken