X10: Former Revolut, Bitget Employees Raise $6.5M to Pioneer Hybrid Crypto Exchange, Filling the FTX Void

Former employees of Revolut have secured $6.5 million in funding for their crypto exchange venture, X10, aiming to address the void left by the now-defunct FTX. With substantial backing, X10 advocates for... Read more »
Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors

Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors

Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement... Read more »
FTX founder bags 25 years jail term, SEC seeks $2b from Ripple, Bitcoin reclaims $70k

FTX founder bags 25 years jail term, SEC seeks $2b from Ripple, Bitcoin reclaims $70k

Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin.  Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot... Read more »
FTX Drainer’s Startling Similarities to Mt. Gox and Silk Road

FTX Drainer’s Startling Similarities to Mt. Gox and Silk Road

In an explosive expose, TruthLabs, operating under the pseudonym @BoringSleuth, has uncovered a series of concerning connections and parallels between the FTX exchange hack, infamous incidents involving Mt. Gox and Silk Road,... Read more »
FTX and Alameda Research transfer $39 million to crypto exchanges – Digital Transformation News

FTX and Alameda Research transfer $39 million to crypto exchanges – Digital Transformation News

According to Cointelegraph, crypto wallets linked to the defunct FTX exchange and Alameda Research, its sister company, transferred over $38.8 million in digital assets to numerous crypto exchanges since January 2024.  With... Read more »
FTX, Alameda transfer $39M to exchanges in 37 days

FTX, Alameda transfer $39M to exchanges in 37 days

Crypto wallets linked to the defunct FTX exchange and its sister company, Alameda Research, have sent over $38.8 million in digital assets to numerous crypto exchanges since January 2024.  According to data... Read more »
FTX Increases Cash Holdings to $4.4B by Selling Crypto

FTX Increases Cash Holdings to $4.4B by Selling Crypto

Bankrupt FTX has significantly increased its cash holdings to $4.4 billion by the end of 2022 as the collapsed crypto exchange moves towards repaying customers and creditors. The cash holding almost doubled... Read more »
FTX to Offload Crypto Assets to Pay Customers

FTX to Offload Crypto Assets to Pay Customers

Bankrupt FTX has been long-struggling to repay its former customers. However, the embattled crypto exchange is now riding the “sell-to-pay” route to help reduce its debt. According to Bloomberg reports, FTX is... Read more »
Celsius transfers $125M of ETH to exchanges as FTX and Alameda dump

Celsius transfers $125M of ETH to exchanges as FTX and Alameda dump

Embattled crypto lender Celsius has shifted more than $125 million worth of its Ether (ETH) to crypto exchanges over the past week amid plans to begin repaying creditors.  Between Jan. 8 and... Read more »
Crypto services firm linked to Huobi sees losses expand 40% with FTX funds still out of reach

Crypto services firm linked to Huobi sees losses expand 40% with FTX funds still out of reach

Crypto services firm linked to Huobi sees losses expand 40% with FTX funds still out of reach Hong Kong-listed cryptocurrency firm Sinohope Technology Holdings Limited, formerly Huobi Technology, has seen losses expand... Read more »