FTX
Description
FTX is a cryptocurrency exchange built by traders, for traders.
FTX’s leveraged tokens provide a clean, automated way for users to get leverage. The BULL and BEAR tokens automatically manage their exposure, rebalancing daily to maintain their target leverage and prevent liquidations.
FTX is a cryptocurrency exchange built by traders, for traders.
FTX’s leveraged tokens provide a clean, automated way for users to get leverage. The BULL and BEAR tokens automatically manage their exposure, rebalancing daily to maintain their target leverage and prevent liquidations.
The UAE's Minister of State for Foreign Trade Thani Al-Zeyoudi
Thani Al-Zeyoudi said crypto will "major" in UAE global commerce. The UAE's international trade minister updated 2023 commercial ties and policies. New restrictions allow a $2.7 million penalties for noncompliance. At the World Economic Forum in Davos, the artificial intelligence and digital economy minister spoke.
FTX Founder to Forfeit $700 Million
If convicted of fraud, FTX founder Sam Bankman-Fried will lose $700 million. 55,273,469 Robinhood shares were confiscated by the U.S.
CFTC Commissioner Questions VCs' Due Diligence
Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.
Moonstone Bank to Exit Crypto Space
FTX's collapse may have damaged Farmington State Bank. Jean Chalopin, the Bahamas-based chairman of Deltec, another FTX banking partner, bought Moonstone Bank in 2020.
Coindesk May Be Sold as Parent Company DCG Struggles
CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months.
US authorities are pursuing Bitzlato's creator
Bitzlato creator Anatoly Legkodymov is arrested. The U.S. Department of Justice launched a "significant worldwide cryptocurrency enforcement action" against the corporation. "Primary money laundering issue" authorities confiscated its website.
FTX secretly lent Alameda Research $65B
Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff's argument that approval breaches 2019 New York climate legislation. The Climate Leadership and Community Protection Act aims to reduce 85% of statewide emissions by 2050 and achieve zero-emissions power by 2040, among other goals.
LedgerX, Other Assets Sold By Bankruptcy Court For FTX
According to FTX lawyer Andy Dietderich, FTX recovered $5 billion in cash and cryptocurrency. LedgerX, Embed, and FTX Japan and Europe are the assets. 117 parties indicated interest in buying FTX assets this week.
US Feds Created FTX Task Team To Track Stolen User Cash
The Southern District of New York U.S. Attorney's Office created the FTX Task Force. The exchange collapse task group will investigate and prosecute. It also seeks billions in consumer money. FTX founder Sam Bankman-Fried denies all eight criminal allegations.
US Officials Seized $460M In Robinhood Shares Related To FTX
Robinhood shares tied to FTX were confiscated by the U.S. Department of Justice for over $400 million. Sam Bankman-Fried denied eight felony charges, including wire, securities, and campaign financing offenses. Since December, the former FTX CEO has been housebound at his parents' California home.