Cryptographic proof-of-reserves verify customer balances and exchange wallet control, but they fail to account for hidden liabilities, corporate structures, and overall solvency.
Reform UK chair Lee Anderson has called for a parliamentary investigation into Defense Secretary Wes Streeting over $50,000 in donations linked indirectly to former FTX CEO Sam Bankman-Fried.
The US Court of Appeals for the Second Circuit issued a formal mandate upholding former FTX CEO Sam Bankman-Fried's conviction on seven felony counts and his 25-year prison sentence.
Bitcoin experiences its longest capitulation phase since late 2022, with 45 metrics tracked by Glassnode signaling market cooling, though aggregate readings have yet to reach previous bear-market bottom depths.
La faille de sécurité de Coldcard pousse les détenteurs de bitcoins à déplacer leurs fonds, faisant bondir les transferts de moins de 1 BTC à des niveaux inédits depuis la chute de FTX.
Small Bitcoin holders moved 39,600 BTC ($2.5 billion) on July 31, a rate not seen since the FTX collapse, following news that Coldcard hardware wallets generated guessable keys for five years. This prompted users to shift holdings, likely for safety, though Bitcoin's price remained stable.
Coinkite's Coldcard wallets suffered a firmware error, leading to 1,367 BTC ($89M) being drained. This caused a surge in Bitcoin transactions as users migrated funds, blurring market signals. US AI guardrails hindered tracing efforts, forcing investigators to use open-source Chinese models.
Michelle Bond seeks to exclude her husband Ryan Salame's guilty plea from her campaign finance trial. Separately, former congressman George Santos was fined by the CFTC for insider trading on Kalshi, and US soldier Gannon Ken Van Dyke moved to dismiss charges over Polymarket bets related to a Venezuelan military operation.
FTX's Recovery Trust initiated its fifth distribution, sending $900 million to creditors, bringing the total payout to an estimated $11 billion. This follows the exchange's 2022 collapse and ongoing legal actions against its former executives.
A U.S. Bankruptcy Judge ruled that the FTX Recovery Trust can proceed with claims to recover at least $1.76 billion from Binance entities and Changpeng Zhao, allegedly transferred during a 2021 share repurchase, while dismissing other claims related to FTX's collapse.
BitMEX, once a major crypto exchange, announced its closure on September 23, advising customers to withdraw funds. The exit, driven by a loss of market share to competitors like Binance and OKX, is a scheduled wind-down without a financial crisis, contrasting with the 2022 CeFi collapses.
FTX is set to distribute approximately $900 million to eligible creditors starting July 31, but only those who cleared June 16 checks and completed onboarding with providers like BitGo, Kraken, or Payoneer will receive funds. Residents of 45 jurisdictions remain blocked from selecting a distribution provider.
İflas eden FTX borsası, 31 Temmuz'da 5. ödeme turuna başlayarak alacaklılara yaklaşık 900 milyon dolar dağıtacak. Daha önce 10 milyar doların üzerinde ödeme yapılırken, kurucu Sam Bankman-Fried'in af ve temyiz başvuruları reddedildi.
The FTX Recovery Trust announced it will distribute approximately $900 million to creditors starting July 31, marking the fifth round of repayments since the exchange's 2022 bankruptcy. This follows a $2.2 billion distribution in March, bringing total payouts to $10 billion, while former executives remain imprisoned and Sam Bankman-Fried's pardon appeal was denied.
The U.S. Senate unanimously passed a nonbinding resolution declaring that convicted FTX founder Sam Bankman-Fried should never receive a pardon or commutation of his 25-year sentence. The bipartisan measure, steered by Senators Lummis and Gallego, reinforces the Senate's stance against clemency as Bankman-Fried's legal options dwindle.
A report by Australian crypto exchange Swyftx estimates that AI-native freelance workers could drive $262 billion in stablecoin transaction volume by 2033, as microbusinesses adopt AI and seek efficient cross-border payment solutions.
Temasek Global Investments president Nagi Hamiyeh stated crypto investment remains off-limits due to regulatory uncertainty and the company's substantial loss from FTX. The firm is increasing its AI exposure and investing in European luxury and industrials.
L'effet de levier permet de trader avec plus de capital, amplifiant gains et pertes. Son utilisation a été un facteur clé dans l'effondrement de FTX en novembre 2022, où une chute de valeur des jetons FTT a entraîné des liquidations massives.
Michelle Bond, wife of former FTX Digital Markets co-CEO Ryan Salame, is scheduled for trial on November 9 in the US District Court for the Southern District of New York, facing four charges related to campaign finance violations stemming from her 2022 congressional campaign and her husband's plea deal.
A judge denied Michelle Bond's motion to dismiss illicit campaign finance charges, ruling that prosecutors did not promise her immunity in exchange for her husband Ryan Salame's guilty plea. Bond faces charges related to using FTX funds for her congressional campaign.
FTX creditors are watching SpaceX's post-IPO stock performance with optimism. The defunct crypto exchange's investment in SpaceX, made before its collapse, could lead to larger payouts for victims of Sam Bankman-Fried's fraud.
Two US lawmakers, Senator Cynthia Lummis and Senator Rubén Gallego, are backing a non-binding resolution opposing any executive clemency for Sam Bankman-Fried. The resolution states that a pardon would weaken deterrence and send a damaging message regarding financial fraud.
Senators Rubén Gallego (D-AZ) and Cynthia Lummis (R-WY) introduced a resolution opposing any clemency for FTX founder Sam Bankman-Fried, who is seeking a presidential pardon. The resolution affirms the jury's verdict and rejects his claims of political persecution.
Selon un codétenu, Sam Bankman-Fried, fondateur de FTX, prévoit de lancer sa propre cryptomonnaie une fois sa peine de prison purgée, afin de "faire de l'argent sérieux". L'idée suscite le scepticisme compte tenu de l'effondrement de FTX.
