Federal prosecutors are forming a joint task force to “trace and recover” missing FTX funds. That’s as the exchange’s former CEO and founder, Sam Bankman-Fried, pleaded “not guilty” during his federal arraignment to the eight criminal counts ranging from fraud to conspiracy levied against him by the...
Non-US customers affected by the FTX crypto bankruptcy fear their entrusted money could be “misappropriated” again. That’s according to a formal complaint for declaratory judgment filed Wednesday night (Dec. 28) by the Ad Hoc Committee of FTX investors based outside the U.S., a copy of...
Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual at all but one of its subsidiaries. In a posting on its website, the suburban Munich company said Wirecard Bank...
Overstock’s tZERO is set to launch a mobile trading app in June. CEO Saum Noursalehi told CoinDesk that the app for IOS and Android devices, which is being developed by Bitsy, will allow users to buy and sell bitcoin, and possibly ether. “That’s part of...
December 29, 2022
Non-US customers affected by the FTX crypto bankruptcy fear their entrusted money could be “misappropriated” again. That’s according to a formal complaint for declaratory judgment filed Wednesday night (Dec. 28) by the Ad Hoc Committee of FTX investors based outside the U.S., a copy of which was provided to PYMNTS. The legal action, filed in […]
May 08, 2024
Eighteen months after its collapse, FTX is ready to repay its customers in full. The cryptocurrency exchange says it has pulled together assets worth $14.5 and $16.3 billion, enough to pay back 98% of its creditors 118% of what they are owed. The remaining 2% would get back 100% of their claim under a plan […]
June 28, 2020
Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual at all but one of...
March 24, 2019
Overstock’s tZERO is set to launch a mobile trading app in June. CEO Saum Noursalehi told CoinDesk that the app for IOS and Android devices, which is being developed by...
March 22, 2019
A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. “You will be responsible for drafting and negotiating a wide...
