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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#FTX

Latest news and analysis on the state of the FTX exchange.

FTX Conducts Another Solana Sale Below Market Value
ForkLog 14 30.04.2024

FTX Conducts Another Solana Sale Below Market Value

FTX administrators have completed the second phase of Solana (SOL) token sales at approximately $100, reports The Block.
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Pantera Capital Acquires SOL Tokens at FTX Auction
ForkLog 89 26.04.2024

Pantera Capital Acquires SOL Tokens at FTX Auction

Pantera Capital emerged as the winner in an auction organized by the management of the bankrupt FTX for the sale of Solana (SOL) tokens, according to sources cited by Bloomberg. Other unnamed participants also acquired assets. The organizers distributed 2000 SOL, valued at $0.29 million. The tokens were sold at a higher price than the […]
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Bankman-Fried to Assist in Pursuit of FTX Promoters
ForkLog 10 23.04.2024

Bankman-Fried to Assist in Pursuit of FTX Promoters

Sentenced to 25 years in prison, FTX founder Sam Bankman-Fried (SBF) has signed a settlement agreement with a group of the exchange’s clients to aid in the pursuit of the company’s celebrity promoters. In return, the affected investors will withdraw their class-action lawsuit against SBF. The document has yet to be approved by the court. […]
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FTX to Auction Next Batch of Locked SOL Amid Creditor Criticism
ForkLog 13 22.04.2024

FTX to Auction Next Batch of Locked SOL Amid Creditor Criticism

FTX management plans to auction another batch of Solana (SOL) held by the bankrupt exchange following criticism from creditors. This was announced by Figure Markets CEO Mike Cagney. Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want […]
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US Senate Probes CFTC's Ties with Bankrupt FTX
ForkLog 16 16.04.2024

US Senate Probes CFTC’s Ties with Bankrupt FTX

US lawmakers are investigating the relationship between the collapsed bitcoin exchange FTX and the Commodity Futures Trading Commission (CFTC). Senators Elizabeth Warren and Chuck Grassley have sent a letter to the agency’s head, Rostin Behnam. The politicians have requested that the CFTC chairman provide a full report by April 29 on communications and meetings with […]
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FTX Investors Outraged by Discounted $1.9 Billion SOL Sale
ForkLog 12 08.04.2024

FTX Investors Outraged by Discounted $1.9 Billion SOL Sale

FTX creditors have expressed strong disapproval over the sale of Solana (SOL) tokens, valued at approximately $1.9 billion, by the bankrupt exchange at a 62% discount. According to Bloomberg, FTX administrators sold about two-thirds of the company’s SOL reserves, worth $2.6 billion. Sources revealed that 25-30 million tokens were sold at $64 each, while the […]
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US Government Accused of Aiding FTX by Lawyer
ForkLog 16 04.04.2024

US Government Accused of Aiding FTX by Lawyer

John Deaton, founder of Deaton Law Firm, has accused the US authorities of overlooking certain illegal activities by the exchange FTX and its founder Sam Bankman-Fried (SBF). @SBF_FTX now claims that he wasn’t aware stealing money from customers and using it for political donations was illegal. ? During his fraud trial, evidence was presented that […]
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Sam Bankman-Fried's Reflections Post-Sentencing: 'I Didn't Think It Was Illegal'
ForkLog 10 02.04.2024

Sam Bankman-Fried’s Reflections Post-Sentencing: ‘I Didn’t Think It Was Illegal’

Sam Bankman-Fried (SBF), the founder of the cryptocurrency exchange FTX, has expressed regret over his actions that led to a 25-year prison sentence. He made this statement in an interview with ABC News. “It’s a big part of what I think about every day,” added the former CEO of the trading platform. According to him, […]
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Community Deems Sam Bankman-Fried's Sentence 'Too Lenient'
ForkLog 23 29.03.2024

Community Deems Sam Bankman-Fried’s Sentence ‘Too Lenient’

On March 28th, former CEO of the collapsed FTX, Sam Bankman-Fried (SBF), was sentenced to 25 years in prison. However, the crypto community viewed even this term as lenient. Dan Held, General Partner at Asymmetric, remarked that the sentence was “not nearly long enough given his [SBF’s] actions and the actual damage caused.” Breaking: SBF […]
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US Government Claims $3-5 Billion from FTX
ForkLog 7 22.03.2024

US Government Claims $3-5 Billion from FTX

The US government’s claims against the assets of the collapsed FTX are expected to range from $3 billion to $5 billion, according to The Block, citing court documents. The tax claims by the authorities are not yet fully determined. However, administrative expenses and claims from non-government creditors will be prioritized for payment. The debtors have […]
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FTX CEO Criticizes Sam Bankman-Fried's Claims
ForkLog 9 21.03.2024

FTX CEO Criticizes Sam Bankman-Fried’s Claims

Current FTX CEO John Ray described Sam Bankman-Fried’s (SBF) arguments about his non-involvement in the company’s collapse as “reckless” and “false.”  Previously, lawyers for the former CEO of the exchange claimed that in fact, the exchange’s clients did not suffer any losses, as after the bankruptcy procedure, everyone will receive full reimbursement.  The defense also […]
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Divergent Fates: FTX and 3AC Founders Face Potential Prison Sentences
ForkLog 10 20.03.2024

Divergent Fates: FTX and 3AC Founders Face Potential Prison Sentences

Sam Bankman-Fried, the former head of the collapsed FTX, has rejected a prosecutor’s proposed 50-year sentence, while Kyle Davies, co-founder of the bankrupt hedge fund Three Arrows Capital (3AC), is determined to avoid prison at all costs. Supervillain On March 15, Damian Williams, the prosecutor for the Southern District of New York, requested the court […]
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