FTX and Genesis Reach $175 Million Settlement After $4 Billion Demand
FTX and Genesis Trading have reached a settlement of $175m following a $4bn demand for a breach of contract. This follows a dispute last year between the two companies.
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Mantle pauses token migration to stop FTX from converting $43M in BIT tokens to MNT
Mantle Network, the leading decentralized finance platform, has ceased its token migration process to prevent FTX from converting $43 million in BIT tokens to MNT. This decision follows reports that FTX was manipulating token prices and trying to flood the Mantle market.
FTX’s Dubai unit seeks to be excluded from U.S. liquidation proceedings.
FTX Trading Solutions LLC, a Dubai-based affiliate of the trading technology provider FTX, asked a U.S. court to exclude it from liquidation proceedings concerning two Cayman Islands-based affiliates.
Prosecutors fear Binance indictment could spark FTX-like run.
Prosecutors fear that the recent indictment of Binance could spark a similar run on the cryptocurrency exchange FTX as seen in June 2020. The indictment of Binance, one of the world’s largest cryptocurrency exchanges, has […]
FTX and Genesis Finally Reach in Principle Agreement: Report
Genesis Trading and FTX have reportedly reached an “in principle agreement” on a strategic partnership, pending regulatory clearance. If finalized, the agreement could result in new digital asset products being offered by both firms.
FTX Funds allegedly used for doomsday plans by Bankman-Fried’s brother.
A report by Bloomberg alleges that the brother of Sam Bankman-Fried CEO of crypto exchange FTX has been using the company’s funds for a possible doomsday plan The plan reportedly involves the construction of a bunker in the Austrian Alps
BlockFi doubles down on FTX and Alameda despite creditors’ concerns over balance sheet.
BlockFi, the leading crypto lender, is “making a bet on the future” of decentralized finance (DeFi) despite a controversial balance sheet. Creditors are unconcerned and remain confident in BlockFi’s ability to succeed.
FTX reportedly ended “Bad Blood” with Taylor Swift, not the other way around. Confirmed: they’re no longer together.
Reports confirm that the reported rift between FTX and singer-songwriter Taylor Swift was resolved by the firm, not vice versa. FTX has put an end to the ‘bad blood’ between its company and Swift, ending a long period of speculation.
FTX reportedly ended “Bad Blood” with Taylor Swift, not vice versa. Reports confirm the split.
Taylor Swift’s feud with music exec Scooter Braun was one of the most controversial topics of 2019, but reports suggest it was FTX that initiated the end of the dispute — not Swift.
Genesis’ battle with FTX could postpone its creditor payout, according
Genesis Global Trading Inc., a crypto lender, is deadlocked in a battle with FTX, a cryptocurrency exchange, over funds that could delay its creditors’ repayment, according to a report.