A court in California has consolidated three investor claims against the collapsed cryptocurrency bank Silvergate Bank, including the failed cryptocurrency exchange FTX. The plaintiffs in the several cases seeking compensation for losses caused by the collapse of Silvergate have joined forces. US district judge Jacqueline...
SEC Chair Gary Gensler testified before the House Financial Services Committee as Representative Bill Posey questioned him on the collapse of the crypto exchange FTX in November 2022. Gensler evasive on FTX Congressman Posey took over a conversation about how crypto companies mix...
Venture firm Tribe Capital is reportedly contemplating a significant capital injection to help resurrect FTX, the bankrupt crypto exchange. The company is considering leading a $250 million fundraising campaign, anchored by $100 million from itself and its limited partners, as it explores options...
The value of FTX’s native token has soared by 63% amidst rumors of an exchange comeback after recovering over $7.3 billion in cash and liquid crypto assets After FTX announced that it had successfully recovered over $7.3 billion, its price surged from $1.31...
FTX has successfully recovered $7.3 billion in assets and is considering relaunching the exchange in the second quarter of 2023 as per recent reports. During a hearing that took place on April 12 in the United States bankruptcy court for the district of...
A new study finds that nearly one-third of U.S. residents hold bitcoin and other cryptocurrencies and 45% of cryptoasset investors prefer patronizing financial institutions and credit unions that support bitcoin (BTC) and altcoins. U.S. consumers are interested in crypto While the major regulatory...
In a new filing presented to the Delaware Bankruptcy Court, several mainstream media sites have urged to reveal the identity of FTX clients outside the United States. In a court petition submitted on Dec. 28, the committee of non-US Consumers of FTX.com stated...
In the aftermath of the FTX implosion, some former execs from defunct cryptocurrency firm 3AC have teamed up to launch a new cryptocurrency exchange. On April 4, the rebranded cryptocurrency exchange OPNX went operational and opened its order books to users to seize a share...
FTX EU, a subsidiary of the bankrupt crypto exchange FTX, has launched a new website that allows customers to withdraw their fiat balances from the platform. According to reports, the ftxeurope.eu will only manage fiat balance claims, and no other services will be...
The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The...