Tag Archives: ftx

The DoJ has said that advertisements for FTX did not differentiate between the US arm and the global business. According to the Department of Justice (DoJ), the FTX ads featuring American footballer Tom Brady and comedian Larry David show little distinction between the exchange’s US arm and its international business. According to a Friday filing, the DoJ said the celebrities in the ads describe FTX as an easy and safe way to use crypto, using a device showing the FTX logo and not FTX.US....

The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote buying.  These allegations, made in recent files on Thursday, cast a shadow over GGC’s efforts to wind down its operations and restore funds to...

Eddy Alexandre has been sentenced to nine years in prison for allegedly running a near $250 million scheme to defraud crypto investors. Alexandre operated a crypto trading company called Emini FX and is accused of defrauding 25,000 individuals. Eddy Alexandre is Heading to Jail U.S. Attorney Damian Williams offered his thoughts on the case, stating: Eddy Alexandre defrauded tens of thousands of ordinary investors of almost a quarter-billion dollars in his...

CoinspeakerFTX Customers Hit by Fresh Email Phishing Attack Proactively, the platform has placed a temporary freeze on affected user accounts within the customer claims portal. FTX Customers Hit by Fresh Email Phishing Attack

CoinspeakerFTX Faces Cybersecurity Breach amid Bankruptcy Proceedings FTX highlighted the pressing concern of potential fraudulent activities and scams and advised users to exercise heightened caution against any emails or communications that may impersonate parties involved in the bankruptcy proceedings. FTX Faces Cybersecurity Breach amid Bankruptcy Proceedings

CoinspeakerFTX Wants to Hire Galaxy Digital to Sell, Stake or Hedge Its Billion-Dollar Crypto Holdings Galaxy Digital will help FTX return funds to its creditors while making sure that the value of FTX's $3 billion of crypto holdings doesn't subside. FTX Wants to Hire Galaxy Digital to Sell, Stake or Hedge Its Billion-Dollar Crypto Holdings

CoinspeakerBlockFi Fights against 3AC and FTX’s Claims of Billions of Dollars in Disputed Funds 3AC stated that BlockFi's efforts to downsize its claims might infringe upon the bankruptcy protection it received through Chapter 15. BlockFi Fights against 3AC and FTX’s Claims of Billions of Dollars in Disputed Funds

CoinspeakerCrypto Exchange FTX Adapts New Settlement Approach after Objections from US Trustees  The US Trustee had initially flagged concerns about disparities within the previous motion. Crypto Exchange FTX Adapts New Settlement Approach after Objections from US Trustees 

CoinspeakerBitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations. BitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions

CoinspeakerBitstamp to Expand Derivatives Trading in Europe amid Fundraise Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year. Bitstamp to Expand Derivatives Trading in Europe amid Fundraise