Global #Ftx

The US government is ramping up its efforts to seize a crypto account linked to disgraced FTX founder Sam Bankman-Fried, which prosecutors claim was used to bribe Chinese officials before the collapse of the cryptocurrency exchange in 2022.

FTX has secured a $228 million settlement in its lawsuit against Bybit, marking a significant milestone in its ongoing efforts to navigate financial challenges and stabilize operations.

FTX, the cryptocurrency exchange that faced a high-profile collapse, is set to auction its holdings of WLD tokens, offering investors a rare opportunity to purchase them at steep discounts ranging from 40% to 75% off the current market price.

As the cryptocurrency industry continues to grapple with its volatile nature, two high-profile bankruptcies—BlockFi and FTX—are nearing their conclusions, shedding light on the complexities and challenges of navigating crypto financial failures.

In a significant move to protect the burgeoning NFT industry, the Digital Chamber advocacy group has urged the U.S. Congress to enact legislation that would classify non-fungible tokens (NFTs) as consumer products rather than securities.

The cryptocurrency world was rocked by a startling revelation from a former FTX employee, who disclosed that the now-bankrupt FTX exchange holds a substantial 8% stake in the total supply of Solana (SOL). This revelation, made public via X (formerly Twitter), has raised significant concerns about potential market instability and price volatility.