Cryptocurrency exchange FTX, now defunct, faced substantial legal costs, burning through $53,000 per hour on bankruptcy lawyers and advisers. Court filings from December...

The FTX bankruptcy proceedings and the proposed reorganization plan by the Official Committee of Unsecured Creditors stand as a critical juncture in the...

The U.S. Court of Appeals has rejected FTX founder Sam Bankman-Fried's plea for release during the appeal process for the Second Circuit. The...

Changpeng Zhao has agreed to step down after pleading guilty to breaking US AML laws as part of a $4.3 billion settlement. ...

The ongoing trial of former FTX CEO Sam Bankman-Fried involves contrasting testimonies regarding the alleged fraudulent activities at the cryptocurrency exchange. Discussions surrounding...

The Sam Bankman-Fried trial reveals the cryptocurrency industry's financial complexities and ethical issues. The prosecution has highlighted deceptive practices and an $8...

Stanford University will refund $5.5 million in donations from FTX amid legal controversies involving the exchange's former CEO Allegations of fund misappropriation and...

Former FTX CEO Sam Bankman-Fried is seeking a pre-trial release, but a three-judge panel is deliberating the decision The judges are casting doubt...

Cryptocurrency exchange FTX has filed a motion to remove its Dubai unit from US restructuring proceedings The FTX Dubai unit seeks voluntary liquidation...

Bankrupt crypto exchange FTX and crypto lender Genesis have agreed in principle to settle claims brought in by FTX's bankruptcy case The specific...

FTX, a major crypto trading firm, has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware, seeking over $700 million from investment firms it had previous ties with. The lawsuit, filed on June 22, contains 16 counts. The defendants named in the lawsuit include K5 Global, Mount Olympus Capital, SGN Albany Capital, and individuals Michael Kives and Bryan Baum. They are accused of being involved in transactions that resulted in the transfer of funds from FTX-affiliated firm Alameda Research.

A new crypto exchange backed by firms including Fidelity Digital Assets, Charles Schwab Corp. and Citadel Securities has confirmed that it has gone live. This launch could reshape the digital-asset landscape amid heightened regulation and scrutiny of the cryptocurrency sector. EDX Markets is a new crypto exchange designed to meet both the needs of native digital assets firms and the largest financial institutions globally. The creators of EDX intended to enable faster, safer, and more efficient cryptocurrency trading, leveraging best practices from traditional financial markets on a purpose-built platform.

The former CEO is now facing two separate trials for the charges against him during his time as the CEO, including mismanagement of...

In 2017, Flori Marquez and Zac Prince founded BlockFi in Jersey City to expand the crypto ecosystem by reinventing and reimagining the banking...

Through 2021, the crypto market was very volatile, with bitcoin plunging almost 50 per cent between April and July. So far, in 2022, the...

The Web3 is a technology that will profoundly alter the political, economic, and social landscapes of Africa. It will also transform the continent's infrastructure....