Neowin News Feed for: Ftx

FTX receives approval to repay funds back to 98% of its customers worldwide

Karthik Mudaliar — Tue, 08 Oct 2024 05:20:02 +0000

FTX has received court approval for a significant repayment plan, allowing it to return funds to approximately 98% of its customers worldwide. Read more...

Sam Bankman-Fried given more lenient jail sentence of 25 years; could be free in 13 years

Paul Hill — Thu, 28 Mar 2024 05:34:01 +0000

Sam Bankman-Fried has been given a 25-year jail sentence by Judge Lewis Kaplan for defrauding customers and investors. The sentence is seen as lenient as he had faced 40 or 50 years behind bars. Read more...

Judge sends FTX founder Sam Bankman-Fried to jail

Paul Hill — Fri, 11 Aug 2023 21:36:01 +0000

Sam Bankman-Fried has been sent to jail until October for tampering with a witness. His ex-girlfriend Caroline Ellison is assisting the government and he has been trying to discredit her with leaks. Read more...

Binance is bidding for a crypto license to operate in Singapore, again

Karthik Mudaliar — Thu, 02 Mar 2023 09:00:01 +0000

After shutting down its operations in Singapore in late 2021 due to lack of compliance in crypto regulations, Binance is again opening its doors and reviving its crypto permit bid in Singapore. Read more...

FTX "inner circle" member admits to wrongdoing in criminal investigation

Karthik Mudaliar — Tue, 28 Feb 2023 19:46:01 +0000

Nishad Singh, former FTX exec and part of the "inner circle" has pleaded guilty to criminal charges in the SBF probe. Singh was involved in code writing, political donations, and fund transfers. Read more...

Sam Bankman-Fried fraud case: DOJ launches website for FTX victims

Paul Hill — Sat, 07 Jan 2023 04:50:01 +0000

The US Department of Justice has launched a website with contact details so that FTX victims can reach out. It could help Sam Bankman-Fried's victims recover the funds they lost access to on FTX. Read more...

The Bahamas secured $3.5 billion of FTX's assets to give back to customers and creditors

Paul Hill — Fri, 30 Dec 2022 22:48:02 +0000

The Bahamian authorities have disclosed that they're holding on to $3.5 billion worth of FTX's assets. It took control of them following the company's bankruptcy so they don't go missing. Read more...

Sam Bankman-Fried is “unlikely to get a favourable deal from prosecutors”

Paul Hill — Fri, 30 Dec 2022 03:16:01 +0000

Sam Bankman-Fried is unlikely to get a favourable deal from prosecutors, lawyer Mark Kasten has said. SBF would have to help in the prosecution of another bad actor but that's unlikely to happen. Read more...

FTX founder Sam Bankman-Fried finally arrested in The Bahamas

Paul Hill — Tue, 13 Dec 2022 07:00:01 +0000

Sam Bankman-Fried has been arrested in The Bahamas at the request of the United States. It's likely that the U.S. will ask for him to be extradited to face charges related to FTX's mismanagement. Read more...

CNBC's Jim Cramer labels FTX's Sam Bankman-Fried a “con man”

Paul Hill — Thu, 01 Dec 2022 17:07:37 +0000

Jim Cramer, from CNBC's Mad Money, called former FTX CEO Sam Bankman-Fried a "pathological liar" and "con man" following the CEO's first interview since FTX filed for bankruptcy last month. Read more...

BlockFi files for Chapter 11 bankruptcy due to financial links with FTX

Paul Hill — Mon, 28 Nov 2022 16:48:01 +0000

BlockFi has filed for Chapter 11 bankruptcy just weeks after halting withdrawals. Customers with assets on the platform should be able to file claims during the process to retrieve some assets. Read more...

Singapore state-owned firm writes down $275 million investment in bankrupted FTX

Karthik Mudaliar — Fri, 18 Nov 2022 08:22:01 +0000

The Singapore state-owned investment firm Temasek Holdings has decided to write down its investment of $275 million in the collapsed crypto exchange FTX. It said that its belief in SBF was misplaced. Read more...

Bahamas Security Commission appoint liquidators for the country's FTX unit

Karthik Mudaliar — Tue, 15 Nov 2022 11:46:01 +0000

The financial regulators in the Bahamas have won a court ruling and appointed liquidators for the FTX unit in the country. The company currently has more than $13 billion in liabilities. Read more...

Bitcoin investors moving funds to personal wallets at historic rate after FTX collapse

Paul Hill — Mon, 14 Nov 2022 10:24:02 +0000

Glassnode has reported huge outflows of Bitcoin from exchanges to self-custody wallets. It comes following the collapse of FTX. More investors now realize it's not safe to leave funds on exchanges. Read more...

Visa cuts ties with collapsed crypto exchange FTX

Karthik Mudaliar — Mon, 14 Nov 2022 08:14:01 +0000

Visa has terminated its global debit card agreements with FTX, which has now declared bankruptcy. The Bahama-based crypto exchange platform had launched crypto debit cards with Visa in October 2022. Read more...

FTX investigating "abnormalities" in wake of bankruptcy filing

Steve Bennett — Sun, 13 Nov 2022 11:08:01 +0000

Following the recent bankruptcy filing by cryptocurrency exchange FTX, there have now been investigations opened into abnormalities, with findings of assets being moved in "suspicious circumstances." Read more...

Microsoft Weekly: Ads in the Windows 11 Start menu, Visual Studio, and Microsoft 365

Usama Jawad — Sat, 12 Nov 2022 21:34:01 +0000

In the latest edition of Microsoft Weekly, we discuss the testing of ads (useful tips?) in Windows 11, updates for developers and Windows power users, and some information about Microsoft 365. Read more...

FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO

Paul Hill — Fri, 11 Nov 2022 16:14:20 +0000

FTX has filed for Chapter 11 bankruptcy and Sam Bankman-Fried has stepped down as CEO. The firm will now try to monetize its assets to pay back stakeholders, including those who lost their assets. Read more...

BlockFi halts client withdrawals due to situation with FTX

Paul Hill — Fri, 11 Nov 2022 02:23:18 +0000

BlockFi has paused crypto withdrawals on its platform due to the serious liquidity issues over at FTX. BlockFi didn't explain how it's affected by FTX's downfall, but said it'll post updates. Read more...

Binance backs out of FTX deal after SEC launches investigation over mishandled funds

Paul Hill — Thu, 10 Nov 2022 06:17:46 +0000

Binance has backed out of a non-binding deal to provide FTX with liquidity. The decision came after the SEC said it was going to be investigating FTX to see whether it broke any rules. Read more...

Bitcoin reaches $17,229 - that's the lowest it has been for two years

Paul Hill — Tue, 08 Nov 2022 20:18:35 +0000

Bitcoin has seen large moves in its price today. It reached $17,229 which is the lowest price it has been at in about two years. It comes as the FTX crypto exchange experiences liquidity issues. Read more...

FTX proposal would offer a lifeline to investors with assets stuck on bankrupt Voyager

Paul Hill — Fri, 22 Jul 2022 22:14:01 +0000

FTX is offering to help Voyager customers get a portion of their assets back if they sign up on FTX. The liquidity offer has not yet been taken up by Voyager and will be optional for users. Read more...