Tag: FTX

The fall of FTX: A tale of hubris in the crypto world

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the world of technology and cryptocurrency, a world where everyone seems to be a “founder”, “leader” or “entrepreneur”,  one word that seems to persistently hover in the atmosphere is “arrogance.” It’s as if the very essence of innovation and disruption is interwoven with an air of invincibility, a sense that the old rules don’t apply to the new kids on the block. This arrogance often leads…

ETH spot volumes at highest level since FTX collapse 

According to a post from Kaiko, a leading source of cryptocurrency market data, analytics, indices, and research, dated Nov. 10 on X, spot volumes are on a positive uptrend. The promising numbers are believed to be a product of ETF excitement with news from BlackRock. A $6 billion spike Data shows that from lows of less than $1 billion in February of this year, spot volume, or the total amount of a particular asset or cryptocurrency that has been traded in the spot market within a specific timeframe has now…

FTX token and other Sam Coins surge after Bankman-fried’s conviction 

Altcoins linked to Sam Bankman-Fried see a significant surge, as the FTX token soared over 200% in a week. Despite the recent conviction of Sam Bankman-Fried on multiple counts of fraud and conspiracy, the altcoins closely associated with the FTX founder saw a major upswing during this week’s market rally. The so-called ‘Sam Coins’ have seen major gains this week, despite the negative sentiment around them throughout the month-long trial.  #FTX Token has now surged nearly 200% in the span of a few days amid news of a possible exchange…

We’ve Seen the FTX Collapse Before

Before you know it, we were representing virtually all of the 38,000 customers pro bono with help from my Northwestern law professor, J. Samuel Tenenbaum, and Barnes and Thornburg lawyers Trace Schmelz and David Powlen, with Hillary Escadeja, Susan Osmanski and David Rosen rounding out our small but very capable team of volunteers. Source

One Year Since FTX Collapse and 2 Years Since BTC $69K ATH

The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years. A year after the crypto market saw the collapse of the now-defunct FTX Derivatives exchange and two years after Bitcoin (BTC) saw an all-time high of $69,044, the narrative of “Crypto is dead” has been unequivocally debunked. Crypto Market: Post-FTX Collapse The collapse of FTX was a turning point for the crypto market, leading to widespread skepticism and calls for its demise. However,…

SEC to Greenlight FTX Revival Under Compliance-Driven Leadership

SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law. In an encouraging development, the US Securities and Exchange Commission (SEC) has hinted at the possibility of approving the revival of the beleaguered cryptocurrency exchange FTX, if the incoming leadership adheres strictly to regulatory guidelines. The revelation follows reports that former New York Stock Exchange (NYSE) president Tom Farley was among a shortlist of three potential buyers bidding to acquire the distressed exchange after its founder,…

FTX Exchange Restructuring Plan Narrows Down to Three Investors Led by Former NYSE President Tom Farley

After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen. The future of the bankrupt cryptocurrency exchange FTX Trading Ltd, popularly known as FTX, is expected to be decided before the end of this year according to the latest report. With the former FTX boss Sam Bankman-Fried (SBF) having been found guilty of all seven charges by a court jury, the FTX estate is more than ready to begin a new era. Moreover,…

SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report

boss

The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law. SEC Chair Gary Gensler’s comments were made in response to reports that Tom Farley, a former president of the New York Stock Exchange, is now in the running to buy the bankrupt cryptocurrency exchange founded by now-convicted fraudster Sam Bankman-Fried. “If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the…

Former NYSE President Makes Move To Relaunch Bankrupt Crypto Exchange FTX: Report

boss

The former president of the New York Stock Exchange (NYSE) is reportedly attempting to relaunch bankrupt crypto exchange platform FTX. According to a new report by The Wall Street Journal, a company run by former NYSE president Tom Farley is joining an auction and placing bids to purchase the remnants of collapsed digital assets exchange FTX. Farley’s company – a technology firm focused on developing financial services for the crypto industry called Bullish – is joined by two other companies vying to purchase FTX. WSJ reports that an unnamed banker…