FTX | ForkLog - Part 17

ForkLog 12 13.04.2023

FTT token jumps 90% on talks of restarting FTX

In July, FTX lawyers will present to the bankruptcy court a plan to reorganize the exchange with a possible restart, according to The Block. The price of the FTT token rose by 90%.

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ForkLog 17 12.04.2023

Former FTX executive proposes reviving a platform to trade claims

Former head of institutional sales at FTX Zane Tackett claims that the exchange should relaunch and begin trading the platform's claims.

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ForkLog 18 12.04.2023

FTX and Alameda to receive all Ren Protocol assets

Ren Protocol will move all assets to the cold wallets of the holders — those in bankruptcy proceedings involving FTX and Alameda Research.

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ForkLog 12 10.04.2023

FTX lawyers bill $30 million for February

FTX, undergoing bankruptcy proceedings, received invoices from lawyers and financial advisers for February. The total amount exceeded $30 million, The Block reports, citing the filing.

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ForkLog 12 10.04.2023

FTX flags SBF’s team failures in ‘key functions’

FTX had no basic accounting or financial controls and was run by a small group of people who 'were characterised by arrogance, incompetence and greed.' This is stated in a report by the exchange and the related debtors.

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ForkLog 6 31.03.2023

FTX Europe launches site for customer withdrawals

The registered CySEC firm FTX Europe has launched a dedicated website that allows European clients of the bankrupt platform to submit a withdrawal request. Finance Magnates reports.

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ForkLog 12 30.03.2023

Reuters: Bankman-Fried pleads not guilty to bribery of Chinese official

The founder of FTX, Sam Bankman-Fried, has not pleaded guilty to the new criminal charges, according to Reuters citing sources familiar with the matter.

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ForkLog 16 30.03.2023

OKX to hand over frozen assets worth $157 million to FTX bankruptcy trustees

The cryptocurrency exchange OKX will hand over frozen assets tied to FTX and Alameda Research, in bankruptcy, totaling about $157 million.

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ForkLog 10 28.03.2023

Sam Bankman-Fried accused of bribing a Chinese official

The founder of the failed FTX, Sam Bankman-Fried (SBF), has been charged with bribery of at least one Chinese official in the amount of $40 million. This is stated in court documents.

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ForkLog 15 28.03.2023

New bail terms agreed for Sam Bankman-Fried

Sam Bankman-Fried's (SBF) lawyers agreed with U.S. prosecutors on new bail conditions. This is stated in court documents.

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ForkLog 9 24.03.2023

Media estimate potential losses for supermodel Gisele Bündchen from FTX collapse

The supermodel and former Victoria's Secret Angel Gisele Bündchen, who became an FTX shareholder in 2021, could have lost "millions of dollars" as a result of the crypto exchange collapse, Daily Mail reports.

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ForkLog 11 24.03.2023

Mysten Labs to buy back its shares and token warrants from the FTX bankruptcy estate

Mysten Labs, the Sui‑focused blockchain startup, will acquire a stake in the project owned by the FTX exchange, which is undergoing bankruptcy proceedings, including warrants on utility tokens. The deal value is $96.3 million, according to CoinDesk.

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