Tag: FTX

Media Outlets Push for Access to Non-US Customer Information in FTX Cryptocurrency Exchange Bankruptcy Case

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Several conventional media outlets seek to uncover the personal information of non-U.S. customers of the cryptocurrency FTX exchange, similar to the events that took place during the Celsius bankruptcy case, as stated by our sources. In an official filing on April 4th with the Delaware Bankruptcy Bloomberg Court, The New York Times, The Financial Times, and parent company Dow Jones & Company collectively objected to withholding FTX customers’ identities. According to their argument, the public and the press hold a “presumptive right” to access bankruptcy filings. FTX and its clients,…

Names of non-US FTX users demanded by mainstream media outlets

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Some mainstream media outlets have objected to attempts to withhold the identities of non-United States customers of cryptocurrency exchange FTX during its bankruptcy proceedings. In an April 4 filing to a Delaware Bankruptcy Court, media outlets Bloomberg, The Financial Times, The New York Times, and its parent firm the Dow Jones & Company jointly objected to the names of the customers being redacted, arguing the press and public have “a presumptive right of access to bankruptcy filings.” Media group files objection to redacting FTX customer names. If the objection succeeds,…

OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders is Now Live

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FTX EU opens withdrawal, Elon Musk calls for AI halt, Binance…

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Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, lawyers for former CEO Sam Bankman-Fried have entered a not-guilty plea for five additional charges, including accusations of bribery in China. On bail since being turned over to U.S. custody from the Bahamas, Bankman-Fried is now…

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers – Bitcoin News

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FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer and anti-money-laundering checks.” FTX’s European Arm Opens Withdrawals to Customers According to a press release published on Friday, another division of FTX will allow withdrawals. FTX’s European subsidiary, FTX EU, has begun the process of returning segregated funds to customers in compliance with Cyprus law. The subsidiary was announced in March 2022. “We…

Solana overcomes FTX fiasco — SOL price gains 100% in Q1

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The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures FTX and Alameda Research. But so far in 2023, things have improved for the SOL price. Solana price doubles in Q1/2023 Solana’s price has risen 104% to around $20.60 per SOL in the first quarter of 2023, the highest gains compared to any cryptocurrency in the top-25, including Bitcoin (BTC) and Ether (ETH). Solana beats top-ranking assets’ Q1/2023 returns. Source: Messari In fact, January was Solana’s…

FTX EU Launches New Website to Help European Customers Regain Lost Funds

CySEC directed FTX EU to halt all its operations on November 9, 2022. The European arm of FTX, FTX EU, has just opened a new website where customers in Europe may lay claims to their lost funds. The move, which is meant to give relief to customers, comes four months after the large-scale collapse of the FTX exchange in November. FTX EU Bags Regulatory Approval to Launch According to a Finance Magnates report, the new website was approved by the Cyprus Securities and Exchange Commission (CySEC). However, the website will be…

FTX launches new fiat withdrawal website for EU customers

FTX EU, a subsidiary of the bankrupt crypto exchange FTX, has launched a new website that allows customers to withdraw their fiat balances from the platform.  According to reports, the ftxeurope.eu will only manage fiat balance claims, and no other services will be available. The recently launched website is registered with the Cyprus Securities and Exchange Commission (CySEC). FTX EU has regional headquarters in Cyprus and Switzerland. CySEC revoked the firm’s operating license in November 2022 following the broader collapse of FTX and Alameda Research. The suspension was due to…

Ledger sees funding success in wake of FTX collapse

The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant increase in demand for hardware wallets and self-custody options. In particular, Ledger, a leading manufacturer of hardware wallets, witnessed a surge in sales and subsequently secured a substantial portion of a $100+ million investment round. As the FTX collapse…