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Backpack exchange launched an invite-only beta for its Unified Prediction Portfolio, letting users hedge and trade across markets in a single crypto account.
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Latest News on FTX
Get the latest news on FTX! FTX was a major crypto exchange founded by Sam Bankman-Fried and Gary Wang in 2019. Its native (FTT) token served multiple roles within the FTX ecosystem, such as reducing exchange fees for users. FTX also purchased a certain amount of FTT each week and burned it to control inflation.
In November 2022, FTX crashed due to a liquidity crisis, financial mismanagement and mass withdrawal of funds by rattled investors. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy, with Bankman-Fried sentenced to 25 years in prison in March 2024.
Stay informed on the latest developments in the FTX saga with Cointelegraph.
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The US president reportedly said he had no intention of pardoning the former FTX CEO, and defended his family’s connections to the crypto industry.
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The Crypto Fear & Greed Index is hovering at levels lower than during the shock FTX collapse in late 2022, despite Bitcoin trading at roughly five times the price.
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The former Alameda Research CEO, subject to intense public scrutiny for her role in FTX's collapse and association with Sam Bankman-Fried, will be released in January.
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In the latest update on the FTX saga, the SEC confirmed Caroline Ellison had consented to an officer-and-director ban, preventing her from leading any companies for 10 years.
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With about two months remaining until her expected release date, former Alameda Research CEO Caroline Ellison has been transferred out of federal prison.
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More than 46,000 claimants could potentially receive a payout from a court-approved settlement involving the FTX-tied Silvergate Bank, which shuttered in 2023.
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CeFi lending markets reached $25 billion in Q3, its highest level in over three years, and the market looked very different then, says Galaxy’s Alex Thorn.
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The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up.
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One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals.
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The 2022 FTX bankruptcy pushed crypto toward greater transparency across exchanges and DeFi, yet some who lost funds in the crisis still haven't been paid.
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The former FTX CEO is serving a 25-year sentence in federal prison, but has the opportunity to receive a new trial.
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The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims.
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FTX creditors may get only a fraction of their expected payouts once adjusted for Bitcoin, Ether and Solana’s current prices, according to creditor representative Sunil.
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Brett Harrison’s new startup brings perpetual futures — crypto’s signature high-leverage contracts — to stocks, currencies and commodities.
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