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FTX
FTX’s Bankruptcy Lawyers Say ‘The Dumpster Fire Is Out’
Five months after the implosion of FTX, the crypto exchange’s new legal team said that “the situation has been stabilized and the dumpster fire is out.” CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down the bankruptcy hearing on Wednesday and discusses the possibility for FTX to reopen in the future.
FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’
At a hearing on Wednesday, lawyers for the now-defunct exchange described it as a “digital Potemkin village” run by former CEO Sam Bankman-Fried.
Bitcoin Hovers Around $30K, Rallies 80% in 2023
Innovating Capital General Partner and Pastel co-founder Anthony Georgiades joins "All About Bitcoin" to discuss whether bitcoin (BTC) is a risk-on or risk-off asset. Plus, his insights on legendary investor Warren Buffet referring to bitcoin as a "gambling token" and market reaction after FTX attorneys say the crypto exchange could possibly reopen.
FTT Token Surges as FTX Lawyer Says Exchange Could Reopen; Block’s TBD Partners With Yellow Card
FTX, the cryptocurrency exchange that collapsed spectacularly in November, is considering reopening at some point in the future as it navigates bankruptcy, its attorneys from Sullivan & Cromwell said in a court hearing on Wednesday. Separately, TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block (SQ), is teaming up with crypto exchange Yellow Card to enable cross-border payments in 16 countries across Africa.
Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
FTT's price more than doubled.
Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Rules
The 2021 payment to Tether's bank Deltec International was originally approved by FTX's Ryan Salame.
Casa CEO on Self-Custody in Wake of FTX Collapse
As conversations revolving around self-custody remain at the forefront in the wake of crypto exchange FTX's collapse, Nick Neuman, CEO of the bitcoin self-custody firm Casa, discusses the importance of securing and owning your crypto. Plus, his take on what to expect from Ethereum's Shanghai upgrade.
FTX Will Receive All of Ren Protocol's Pegged Assets, Including Bitcoin and Dogecoin
FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down.
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018.
Former FTX US President Quit After ‘Protracted Disagreement’ With Bankman-Fried: Report
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest.