FTX Archives | BitPinas

FTX Founder Pleads Not Guilty, Trial to Start in October

Bankman-Fried is also prohibited from accessing or transferring any assets tied to FTX or its affiliated entities.

The drop in volume is likely due to the falling prices of most crypto assets and the loss of faith in exchanges because of FTX.

The FTX collapse was a hot topic during the Philippine Web3 Festival. The first panels discuss its effect and future impact to crypto.

After going back to US to face his cases, SBF was released on a $250M bail. While Alameda CEO Ellison and FTX co-founder Wang have pleaded guilty.

Former CEO of FTX is facing charges of wire fraud, securities fraud, money laundering and campaign violations.

The arrest is the first move by regulators to hold those accountable for the multi-billion-dollar implosion of FTX.

The effect of FTX downfall continues as BlockFi files for bankruptcy. BitPinas prepares a timeline about the situation.

Binance dropped the bid because “the issues are beyond our control or ability to help.”

Binance CEO Changpeng CZ Zhao said his company has signed a “letter of intent” to acquire FTX Exchange, its leading rival.

BlockFi CEO Zac Prince said in a Twitter thread that the deal was reached as part of an effort “to bolster liquidity and protect client funds.”