Collapsed cryptocurrency exchange FTX says that around $415m (£338m) of crypto has been stolen by hackers. About $323m was hacked from its international exchange and $90m from its US platform ...
The lawsuit claims that Binance, Zhao and other executives sold their 20 percent stake in FTX back to the company in a repurchase deal in exchange for crypto tokens worth $1.76 billion.
In 2022, FTX transformed from a respected and trusted crypto exchange to a bankrupt disgrace that lost more than $8 billion of its investors’ money. Thus, this new lawsuit may represent a ...
avoided prison time for his role in the collapse of the FTX crypto exchange, after a federal judge on Wednesday lauded his cooperation with U.S. prosecutors. Mr. Singh, 29, was sentenced to three ...
The digital assets market has been rocked by the near-collapse of one of the world's biggest cryptocurrency exchanges, FTX. On Tuesday ... while cryptocurrency exchange Coinbase fell by 10%.
FTX's bankruptcy estate sued Binance to recover almost $1.8 billion that Sam Bankman-Fried spent buying back stakes that his one-time rival owned in his cryptocurrency exchange. FTX sold a 20% ...
The FTX bankruptcy estate agreed to a $228 million settlement with the Bybit exchange in an Oct. 24 legal filing for a lawsuit first filed in 2023 by the FTX estate seeking to recover funds to ...
For comparison, FTX’s fall represented a fraud of over $8 billion, or less than half the corresponding amount of bitcoin lost with Mt. Gox. Sam Bankman-Fried’s exchange was a prominent one, but it ...
Bankman-Fried paid for the stock repurchase using a mix of FTX’s exchange token FTT and Binance-branded coins BNB and BUSD valued at $1.76 billion at the time, according to the filing.
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a "fraudulent" share deal.