Crypto market finding ground as FTX fallout fades

The cryptocurrency market is slowly recovering from the aftermath of FTX’s collapse in 2022. A New York jury’s recent verdict, finding former FTX CEO Sam Bankman-Fried guilty of defrauding customers, marked a pivotal moment for … Read more

Sam Bankman-Fried convicted in $8 Billion crypto fraud case

FTX founder Sam Bankman-Fried, once a prominent figure in the cryptocurrency industry, was convicted on Thursday of stealing $8 billion from customers of his now-defunct cryptocurrency exchange. The 31-year-old former billionaire faced a 12-member jury … Read more

Sam Bankman-Fried’s fraud trial nears conclusion

The closely watched trial of FTX cryptocurrency exchange founder Sam Bankman-Fried is reaching its climax, with U.S. prosecutors and defence attorneys set to present closing arguments on Wednesday. The trial, which has gripped financial markets, … Read more

Sam Bankman-Fried to face intense cross-examination

FTX founder Sam Bankman-Fried is bracing for a critical juncture in his ongoing trial as he returns to the witness stand on Monday, facing intensive cross-examination from prosecutors challenging his denial of stealing billions of … Read more

Jury to hear Sam Bankman-Fried’s testimony in trial

Sam Bankman-Fried, accused of orchestrating a colossal financial fraud leading to the collapse of FTX cryptocurrency exchange, is poised to testify in his own defence on Friday. The 31-year-old entrepreneur’s testimony is anticipated to shed … Read more

Sam Bankman-Fried to testify in his defense

Sam Bankman-Fried, the founder of the now-bankrupt FTX exchange, is gearing up to testify in his own defence as early as Thursday. Accused of orchestrating a massive fraud scheme that allegedly involved embezzling billions from … Read more

FTX collapse: what went wrong?

FTX, the world’s third-largest cryptocurrency exchange (at the time), saw a rapid and catastrophic financial demise. From boasting a staggering valuation of $32 billion, the company plummeted into bankruptcy overnight, leaving millions of businesses and individuals in … Read more

Bankrupt FTX gets approval to liquidate crypto assets

Collapsed cryptocurrency exchange FTX has received court authorisation in the US to begin liquidating its substantial holdings of digital tokens, as part of the bankruptcy process. A Delaware judge on Wednesday approved FTX’s request to … Read more

ASIC revokes license of FTX’s local business

The Australian Securities & Investments Commission (ASIC) announced on Wednesday the revocation of the license of FTX’s local subsidiary, effective from July 14. FTX, previously valued at $32 billion in January 2023, filed for U.S. … Read more

FTX bankruptcy team says the exchange owed $8.7B

FTX, the collapsed cryptocurrency exchange currently undergoing bankruptcy proceedings, has made progress in recovering customer funds, according to a new report released by the bankruptcy team. The report, made public yesterday, reveals that FTX has … Read more