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FTX Exchange news

Binance announces changes to SAFU deposit insurance fund

Cryptocurrency trading platform Binance recently announced the movement of assets from SAFU reserve to USDC stable coins. The move took place to a designated account that holds $1..

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried, the creator of one of the largest crypto platforms FTX, has been sentenced to 25 years in prison by a US court. Earlier he was found guilty of organizing financial fraud..

Bankman-Fried's lawyers are challenging prosecutors' request for a 50-year sentence

Lawyers representing FTX's Sam Bankman Freed (SBF) expressed their disagreement with the U.S. Attorney's Office's position regarding their client's proposed 50-year sentence.

Sam Bankman-Fried switches lawyers ahead of sentencing

Sam Bankman-Fried, former chief executive of the bankrupt FTX exchange, appeared in a courtroom on February 21, 2024. Reuters reports confirmed his decision to bring in new legal..

The number of Bitcoin holders has grown to a record level

A recent analysis of data has revealed a significant rise in the accumulation of Bitcoin by large holders. As per the details shared by Ki Young Ju, the CEO of CryptoQuant, the inflow..

FTX sells Digital Custody for $500,000, having previously purchased it for $10 mln.

Cryptocurrency exchange FTX, has filed a formal request for authorization to sell its subsidiary Digital Custody Inc (DCI). The company's legal representatives have filed the necessary..

US DOJ indicted suspects involved in 2022 attack on FTX exchange

The US Federal Prosecutor's Office has charged three people with participating in fraud and committing theft.

The FTX exchange refused to relaunch the platform, to which the FTT token reacted by falling

Cryptocurrency exchange FTX has decided not to relaunch its platform and will instead embark on a liquidation process to reimburse its customers.

SEC tightens oversight in 2023, filing 46 lawsuits against crypto companies

The US Securities and Exchange Commission (SEC) has definitely stepped up its oversight of the cryptocurrency industry in 2023, according to analysts at consulting firm Cornerstone Research.

The FTX exchange sold 22 million shares of GBTC, gaining about $1 billion

According to a report from CoinDesk, bursting cryptocurrency exchange FTX has sold shares of its spot bitcoin fund ETF to Grayscale Investments for an impressive $1 billion.

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