ftx

FTX founder Sam Bankman-Fried told a jury Friday that he didn't carry out misrepresentation and didn't take client funds, starting his defense against criminal accusations that he took billions from his cryptocurrency exchange and spent the cash on ventures, political gifts, and land. He did...

Damian Williams, the United States Attorney for the Southern District of New York, issued a statement on Twitter yesterday. Caroline Ellison and Gary Wang pled guilty to fraud charges, according to the statement. The senior executives have also committed to helping with the FTX investigation...

In an effort to recoup shares in Robinhood, BlockFi, a recently bankrupt cryptocurrency lender, is suing former FTX CEO Sam Bankman-Fried. They stated that SBF offered Robinhood shares as collateral two days prior to FTX's collapse. BlockFi complained to the New Jersey bankruptcy court on...

FTX vs https://www.binance.com - Whether you are a user of FTX or Binance, the recent deal between the two exchanges has caused a crypto-like bank run. FTX will soon provide proof of their reserves. The deal also caused a massive crash on Binance, where two million BNB tokens were drained. FTX...

Stay Tuned with MEXC Global It's possible that the well-known collapse of FTX, which Sam Bankman-Fried (SBF) oversaw, may have a big impact on US politics. Sam Bankman-Fried provided financial support to dozens of congressional candidates. These candidates are primarily Democrats. It's unknown...

After the FTX-Alameda story, the crypto market seems to be slowly recovering because majority of the cryptocurrencies are flashing green. But, these large cap digital assets are still lacking behind their key levels. The first digital asset, Bitcoin (BTC) is trading just above $16,500 whereas...

The collapse of the FTX empire has started to put pressure on other crypto exchanges as well. BlockFi, a cryptocurrency lending firm, has been the most severely impacted. BlockFi was on the verge of closure as economic pressure mounted after Iowa imposed heavy fines on it, with SBF-owned firms...

Stay Tuned with MEXC Global (11/09/2022) Yesterday, Binance revealed their intention to purchase FTX in order to protect their users from the liquidity problem. But what's this? Following a study of the FTX's order book and other financial data, there are currently reports claiming that Binance...

Stay Tuned with MEXC Global The biggest cryptocurrency news of the day concerns Binance's decision to buy FTX following FTX's liquidity issue. This information caused the price of FTT, the native token of FTX, to decrease 76.30% from yesterday. What the acquisition of Binance means for FTX's...