Tag: FTX

Coinbase’s cbBTC Launches on Solana DeFi, Concentrating on Bitcoin Hole Left by FTX

Almost two years after FTX's collapse impacted Solana's decentralized finance (DeFi) sector, Coinbase is making an attempt to reintroduce bitcoin-based buying and selling to the Solana blockchain with its new token, cbBTC. Launched lately, cbBTC is...

Alameda Analysis's Former CEO Begins Jail Sentence for Function in FTX Collapse

Caroline Ellison, the previous CEO of Alameda Analysis and a key determine within the FTX fraud case, reported to a low-security federal jail in Connecticut to start serving her two-year sentence. Ellison's cooperation with prosecutors...

US Court docket Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Restoration

A U.S. district court docket has ordered FTX and Alameda Analysis to pay $12.7 billion to fraud victims as a consequence of their misuse of buyer funds and fraudulent practices. Ian McGinley, Director...

Appeals Court docket Orders Appointment of Examiner for FTX

The US federal appeals courtroom has ordered the appointment of an impartial chapter examiner to research the collapse of FTX, the cryptocurrency alternate as soon as headed by the now-convicted Sam Bankman-Fried. This choice, reversing a...

Bankrupt FTX Stirs Controversy With Reimbursement Plan: Bitcoin Valued At $16,000 For Prospects

In a current submitting on December 27, bankrupt cryptocurrency alternate FTX unveiled its compensation plan, triggering buyer outrage and discontent. The plan, which values prospects’ digital property on the time of FTX’s collapse,...

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