FTX | FinTelegram News

Tag: FTX

December 10, 2022

Breaking: The $43-Million Corruption Case Around Crypto Magazine The Block And SBF!

On Twitter, people have been criticizing mainstream media (MSM) for their reports on the FTX's collapse. They would be far too gentle with FTX founder Sam Bankman-Fried (SBF) and almost protect him. Allegedly, they received a lot of money from SBF, as did politicians and celebrities. Consequently, they would not be very critical. Now, it has been revealed that the crypto magazine The Block and its CEO have received $43 million from SBF. This extensive and total crypto corruption sets new standards.

December 8, 2022

U.S. Prosecutors Investigate Sam Bankman-Fried’s Role in Terra/Luna Collapse!

According to the New York Times, federal prosecutors in the U.S. are investigating whether FTX’s founder, Sam Bankman-Fried (SBF), manipulated the market for TerraUSD and Luna this past spring, leading to their collapse and created a domino effect that eventually caused the implosion of his own cryptocurrency exchange last month. In a statement, SBF said he was “not aware of any market manipulation and certainly never intended to engage in market manipulation.”

Crypto

December 7, 2022

Interesting: Goldman Sachs Plans To Invest In The Crypto Space!

According to a Reuters report, Goldman Sachs plans to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX's bankruptcy has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks like Goldman Sachs evidently see an opportunity to pick up crypto businesses. In fact, the crypto sector would desperately need well news and honest players.

December 2, 2022

Urgent Warning Against Blockchain Fund Recovery Scam!

Currently, crypto investors have bad times. About a year ago, bitcoin peaked at around $65,000.Since then, things have gone steeply downhill. Many large crypto companies went belly up. Most recently, FTX filed for Chapter 11 bankruptcy. Scammers use this desperate scenario to run their campaigns via email, WhatsApp, or Telegram and promise people to get them funds from crypto exchanges. Stay far away. They only want your money!

BaFin
Crypto

November 23, 2022

Austrian Crypto Exchange BitPanda Receives BaFin License; KPMG Confirms Assets & Reserves!

Amid the crypto winter and liquidity crisis, the Austrian crypto exchange and custody platform Bitpanda announced that it had received a crypto trading license from Germany’s BaFin. According to Bitpanda, it is the "first European retail investment platform to meet BAFIN’s strict regulatory requirements." The crypto exchange allegedly benefited from the FTX crisis because many customers would have transferred their cryptos to the regulated Bitpanda.

November 23, 2022

FTX Activities In Malta! Gaming Ventures That Never Took Off!

The collapsed crypto exchange giant FTX, which has filed for bankruptcy in the US, opened two companies in Malta last April in an apparent bid to expand into gaming. According to information in the Malta Business Registry, FTX Malta Holdings Limited and FTX Malta Gaming Services Limited were opened in Malta in April. Both companies have Sam Bankman-Fried, the crypto exchange’s former boss, written down as appointed director. These entities are not part of the U.S. Chapter 11 bankruptcy proceedings.

November 23, 2022

Crypto Contagion: Troubled Crypto Lender Genesis, Barry Silbert, And The Web Of Loans!

Genesis Global Capital, the troubled crypto lender, has hired the investment bank Moelis & Company to explore options, including a potential bankruptcy, the New York Times reports. Insiders told the NYT that no final decisions had been made and that it was still possible for the company to avert a bankruptcy filing. Genesis was a trading partner with FTX and said that $175 million of its assets were stuck at FTX when the exchange froze accounts shortly before filing for bankruptcy this month.

November 22, 2022

FTX Case: Sam Bankman-Fried Parents Bought Bahamas Property Worth $121 Million!

The numbers are not confirmed, but allegedly, Sam Bankman-Fried's crypto exchange FTX was missing about $10 billion last time. Much money was also spent on private purposes and luxury real estate. According to a Reuters report, FTX, its senior executives, and the parents of Bankman-Fried bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.

November 22, 2022

Crypto Contagion: Binance Refused To Rescue Troubled Crypto Lender Genesis!

The troubled U.S. crypto lender Genesis said it has no immediate plans to file for bankruptcy after the FTX collapse forced it to suspend customer redemptions. A report from Bloomberg News said Genesis was struggling to raise fresh cash for its lending unit. The lender has approached crypto Binance for investment and to bid for its loan book, according to people familiar with the matter. However, Binance decided not to invest.

November 16, 2022

Offshore Broker XBPrime And Its Connections To FTX Europe!

We brought an initial review of the XBPrime broker operated by the offshore entity MarketFinancials Ltd, a securities dealer registered by the FSA Seychelles. The payment agent is Cyprus-registered M&N Equity Research Ltd. The offshore entity is said to be owned by Cyprus-registered Proverial Ltd, where Israeli Asher Afriat is registered as a director. He is also a director of the CySEC-regulated FTX (EU) Ltd (formerly K-DNA Financial Services Ltd), which operated as FTX EU. CySEC recently suspended the license of FTX Europe (report here).

November 15, 2022

The U.S. Bankruptcy Deposition Of FTX And Its Consequences For FTX Europe Clients!

On Nov. 11, 2022, Sam Bankman-Fried's collapsed crypto exchange FTX filed for Chapter 11 bankruptcy in the U.S. to restructure. At the same time, Sam Bankman-Fried resigned as CEO, bankruptcy expert John J. Ray became the new CEO. On the same day, Cyprus regulator CySEC suspended the license of FTX (EU) Ltd. According to the U.S. filing, this Cypriot entity is included in the U.S. Chapter 11 petition for creditor protection. An interesting legal situation.

November 11, 2022

The FTX Bankruptcy, The Binance Contribution, And Its Many Losers!

FTX Trading Ltd d/b/a FTX.com announced that it, West Realm Shires Services Inc. d/b/a FTX US, Alameda Research Ltd, and approximately 130 additional affiliated companies..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.