FTX files for Chapter 11 bankruptcy, CEO resigns
FTX Trading Ltd has commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.
FTX Trading Ltd has commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.
FTX Japan Co will have to suspend crypto operations, including accepting new funds, until December 9, 2022.
Online broker eToro acknowledges traders’ concerns about the increased crypto spreads on its platform and tries to provide some clarity.
Binance says it will not pursue acquisition of FTX following corporate due diligence, as well as alleged US agency investigations.
Japanese online trading company Monex Group says it has no exposure to FTX, amid reports about funding problems at the crypto exchange.
Coinbase says it currently has $15 million worth of deposits on FTX to facilitate business operations and client trades.
Changpeng Zhao, commonly known as “CZ”, says Binance has signed a non-binding LOI to fully acquire FTX.
FTX US’s bid is valued at approximately $1.422 billion, comprised of the fair market value of all Voyager cryptocurrency.
The Financial Conduct Authority (FCA) warns FTX may be providing financial services or products in the UK without its authorisation.
Former CFTC Commissioner, Jill Sommers, has joined the Board of Directors of FTX US Derivatives.