FTX


Markets

Attention Bitcoin Bulls: BTC is Now at Levels Preceding FTX-Era Extremes

Short-term realized-loss dominance is typical of market stress, but the magnitude this week stands out.

Matador waving flag to a bull. (Sternschnuppenreiter/Pixabay)

Policy

Appeals Court Seems Unmoved by Sam Bankman-Fried’s Claims of an Unfair Trial

The former FTX CEO, who is currently serving a 25-year sentence for fraud, has repeatedly claimed that the crypto exchange was solvent at the time of its bankruptcy.

Sam Bankman-Fried outside court on Feb. 9, 2023 (Liz Napolitano/CoinDesk)

News Analysis

Sam Bankman-Fried's Last Chance? Appeals Court to Hear Arguments on FTX Founder's Retrial Motion Next Week

The FTX founder is looking for a fresh trial on his fraud and conspiracy charges. He's got an uphill battle.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Markets

Sam Bankman-Fried Posts Lengthy 'FTX Was Never Insolvent' Document

The disgraced FTX founder resurfaced on social media with a sprawling self-defense arguing that customers could have been made whole in 2022.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

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Markets

Asia Morning Briefing: After CZ’s Pardon, Odds Rise for Sam Bankman-Fried’s Second Chance

It's still a long shot that FTX's Sam Bankman-Fried will be pardoned, but odds have spiked as Binance's Changpeng Zhao has its criminal record deleted.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

Sam Bankman-Fried's Sudden 'gm' Lifts FTT Token as FTX Set to Repay $1.6B

Spike in FTT activity coincides with a post from Bankman-Fried’s X account despite prison restrictions, drawing ire from the crypto community.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

Bankrupt Exchange FTX Set to Repay $1.6B to Creditors Starting on Sept. 30

The latest round of redistributions marks another step in the bankruptcy estate’s plan to make creditors whole after the 2022 collapse of Sam Bankman-Fried's exchange.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Tech

Backpack Opens Regulated Perpetuals Exchange in Europe After FTX EU Acquisition

Operating out of Cyprus and licensed under the European Union’s MiFID II framework, the exchange is positioning itself as one of the first fully regulated venues in Europe to offer crypto derivatives, starting with perpetual futures.

Backpack Exchange CEO Armani Ferrante (Coral)

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Policy

FTX to Start Next Round of Creditor Repayments on Sept. 30

The former crypto giant used to be a mainstay in the digital asset ecosystem till a CoinDesk expose in 2022 resulted in the downfall of Sam Bankman-Fried's empire.

Former FTX CEO Sam Bankman-Fried . (FTX)

Policy

Bankrupt Crypto Exchange FTX Slams Three Arrows Capital’s $1.53B Claim: “3AC Is Owed Nothing”

The $1.53 billion 3AC’s liquidators say the defunct hedge fund is owed is a steep increase from their initial claim for $120 million.

FTX CEO John J. Ray III, who replaced former CEO and convicted fraudster Sam Bankman-Fried in 2022 (Getty Images/Kent Nishimura)