FTX sued several former employees of its Hong Kong affiliate, claiming they unlawfully made off with $157 million. The exchange is seeking reimbursement for the funds, plus damages.
Coinbase, a major U.S. crypto exchange, recently explored the possibility of acquiring FTX Europe, a European-based crypto derivatives exchange. The potential acquisition was viewed as a potential move to expand Coinbase’s position in the European crypto trading market.
This prestigious university has publicly announced the return of a multimillion-dollar donation from the crypto exchange FTX, citing concerns about its “values, mission, and impact on society.
FTX, one of the largest cryptocurrency exchanges, announced their plans to liquidate assets which are held by SOL, a subsidiary. The news has created shockwaves in the crypto-market, leaving investors wondering what the impact will be on SOL and their future prospects.
The cryptocurrency exchange FTX is now going after the parents of the controversial founder and CEO Sam Bankman-Fried, a move that has escalated the unusual family affair.
Sam Bankman-Fried, co-founder and CEO of embattled crypto exchange FTX, has come under fire for shifting blame to others for its recent collapse. Bankman-Fried has blamed media coverage, competitors, and even the SEC for FTX’s troubles.
American Football Star is facing a legal battle after being named as a respondent in an FTX lawsuit. Sources say the athlete is looking to settle the dispute quickly in order to avoid any further complications with his team or his fans.
SOL prices have been shooting to new heights, but traders are worrying that the capital influx from FTX’s listing of the SOL token may cause an overflow of selling pressure. While no one knows what the future holds, investors have their fingers crossed and their eyes on the market to see if this forecast will prove accurate.
This week saw a push for settlement from FTX, a massive hack against Stake, and the thriving of regulatory efforts. All in all, a tumultuous week for the crypto space.
Former FTX executive Ryan Salame will plead guilty to federal charges of conspiracy to defraud the IRS, Bloomberg reports. Salame, who was indicted on Mar. 9, faces up to five years in prison.