Tag: FTX

  • Stanford University To Return All of Sam Bankman-Fried’s Donations

    Stanford University To Return All of Sam Bankman-Fried’s Donations

    It seems that SBF’s donations are no longer needed by Stanford University. Check out the latest reports about this below. SBF’s gifts to be returned Stanford University is set to return millions of dollars worth of gifts that it received from FTX, a bankrupt crypto exchange platform. Bloomberg reports that a spokesperson for the California-based…

  • Tether (USDT) Movement Signaled ‘Future Buy Interest’

    Tether (USDT) Movement Signaled ‘Future Buy Interest’

    Based on data from Santiment, a crypto analytics firm, a significant amount of USDT, the top stablecoin, has been moved back onto crypto exchanges. USDT movement signals future buy interest This is a positive indicator for the market, as 24.1% of USDT’s total supply is on exchanges, the highest level since March . Interestingly, Bitcoin…

  • FTX Reportedly Has 560,000,000 in Bitcoin and $1,162,000,000 in Solana

    FTX Reportedly Has 560,000,000 in Bitcoin and $1,162,000,000 in Solana

    Newly released court documents have revealed that bankrupt cryptocurrency exchange FTX still holds over $3 billion in assets as of August 31. FTX holdings in crypto According to crypto reporter Colin Wu’s post on social media platform X, FTX has not sold off almost $2 billion worth of Solana (SOL), Bitcoin (BTC), and Ethereum (ETH)…

  • FTX Hires Billionaire Mike Novogratz’s Galaxy Digital

    FTX Hires Billionaire Mike Novogratz’s Galaxy Digital

    FTX, a crypto exchange that has faced difficulties, is enlisting the help of a reputable crypto asset management firm to handle its recovered digital assets. Taking over the management of crypto The exchange has filed a request with the court to allow Galaxy Digital, led by billionaire Mike Novogratz, to take over the management of…

  • Sam Bankman-Fried Accused of Stealing Customer Funds – He Was Using Them For Political Campaign Donations

    Sam Bankman-Fried Accused of Stealing Customer Funds – He Was Using Them For Political Campaign Donations

    Disgraced former FTX head, Sam Bankman-Fried, has been accused by federal prosecutors of stealing customer funds to make political campaign donations. SBF used customer funds As per a new Reuters report, Bankman-Fried allegedly used customer funds to make $100 million in political campaign contributions ahead of the 2022 U.S. midterm elections. The amended indictment claims…

  • Bitcoin Is About To Rally Soon, Hedge Fund CEO Says

    Bitcoin Is About To Rally Soon, Hedge Fund CEO Says

    Recent reports suggest that Bitcoin is poised for a significant surge. Pantera Capital CEO, Dan Morehead, believes that Bitcoin (BTC) has emerged from a prolonged bear market and is now at a turning point. The decline of Terra and FTX Morehead’s update states that following the decline of Terra and crypto exchange FTX, the industry…

  • $200,000,000 for Cash Handouts, Allocated In US

    $200,000,000 for Cash Handouts, Allocated In US

    It has recently been revealed that 24 states in the US are experimenting with the idea of providing basic income to those in need, without any conditions attached. More than $200 million has been allocated to US people Over $200 million has been allocated for various pilot programs across the country. According to Mashable, California…

  • FTX And Alameda Research Manipulated The Crypto Market With Bots

    FTX And Alameda Research Manipulated The Crypto Market With Bots

    New research has revealed that Twitter bot accounts may have caused a rise in the prices of digital assets listed on FTX, a crypto exchange that was facing challenges. NCRI conducts an important study Alameda Research, FTX’s hedge fund arm, was involved in trading these assets. The Network Contagion Research Institute (NCRI) conducted a study…

  • DOJ Notes Sam Bankman-Fried Needs Jail Time

    DOJ Notes Sam Bankman-Fried Needs Jail Time

    Recently, the Department of Justice (DOJ) expressed dissatisfaction with the current bail terms of FTX founder Sam Bankman-Fried. The DOJ accuses the crypto entrepreneur of tampering with witnesses and obstructing investigations. In response, they’ve filed a court request asking Judge Lewis Kaplan to revoke Bankman-Fried’s bail and detain him. DOJ fears that SBF may not…

  • FTX, Genesis To Settle Dispute In Cases Involving Bankruptcy

    FTX, Genesis To Settle Dispute In Cases Involving Bankruptcy

    According to their legal representatives, FTX Trading and Genesis Global Holdco have come to an agreement in principle to resolve a dispute related to their bankruptcy protection cases. The lawyers submitted a letter to a bankruptcy judge on Thursday, stating that they plan to promptly document the settlement and file a motion to approve it…