Sam Bankman-Fried, the founder of FTX, has been found guilty by a federal jury on charges related to the collapse of the cryptocurrency exchange. The jury's decision comes after deliberations on a series of charges, including wire fraud, securities fraud, and money laundering, connected to the mismanagement of FTX customer funds and unreported cryptocurrency investment risks. … [Read more...] about FTX founder Sam Bankman-Fried found guilty on fraud charges
Collapsed crypto exchange FTX could have over 1 million creditors
In a document submitted to bankruptcy court in Delaware on Monday, November 14, FTX’s lawyers said the company could have more than one million creditors, illustrating the scope of a corporate meltdown that has drained traders’ accounts and plunged the cryptocurrency industry into crisis. … [Read more...] about Collapsed crypto exchange FTX could have over 1 million creditors
FTX partners with Visa to roll out crypto debit cards in 40 countries
Payments giant Visa is launching crypto debit cards in more than 40 countries in partnership with cryptocurrency exchange FTX. … [Read more...] about FTX partners with Visa to roll out crypto debit cards in 40 countries
FTX obtains full license to operate in Dubai
The license will allow FTX to extend services in the MENA region … [Read more...] about FTX obtains full license to operate in Dubai
FTX launches $2 billion venture fund
Crypto derivatives exchange FTX has set up a $2 billion fund FTX Ventures to invest in crypto-industry startups, the Wall Street Journal reported, citing Amy Wu, who heads the fund. … [Read more...] about FTX launches $2 billion venture fund
FTX acquires regulated crypto futures and options exchange LedgerX
The American subsidiary of FTX Derivatives Exchange, FTX US has completed the acquisition of Ledger Holdings Inc, the parent company of LedgerX, a Commodity Futures Trading Commission (CFTC) regulated crypto futures and options exchange and clearinghouse. Per the official announcement, the acquisition has led to the rebranding of LedgerX to FTX US Derivatives. … [Read more...] about FTX acquires regulated crypto futures and options exchange LedgerX
FTX exchange introduces 60 tokenized stocks on its platform
The platform now offers shares of Tesla, Google, Facebook and Netflix … [Read more...] about FTX exchange introduces 60 tokenized stocks on its platform