The Senate Banking Committee advanced the Digital Asset Market Clarity Act by a 15-9 vote, and the National Cryptocurrency Association (NCA) says the vote's most enduring effect may be the signal that Washington is building a defined regulatory framework for digital assets. The bill still needs a Senate floor vote, and Democrats have raised objections […]
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Terraform Labs accused Jane Street of precipitating the collapse of the UST/LUNA algorithmic stablecoin through insider trading.
FTX will begin its fourth creditor distribution on March 31, with about $2.2 billion set to reach eligible customers through BitGo, Kraken, and Payoneer within 1 to 3 business days. On paper, this might look like just another routine bankruptcy milestone. But in practice, this could be a fresh liquidity test arriving as Bitcoin trades […]
The post Bitcoin has to survive a new major liquidity test today as $2.2B hits the market on top of geopolitical pressure appeared first on CryptoSlate.
FTX's fourth round of distributing bankruptcy recoveries arrives at a different moment. The estate will begin sending roughly $2.2 billion to eligible creditors on Mar. 31, just as Bitcoin (BTC) pushed back above $70,000 into what Glassnode called a thin $72,000-$82,000 on-chain zone. FTX announced on Mar. 18 that its fourth distribution will begin Mar. […]
The post Over $2B in “lost” Bitcoin to hit markets this month creating sell pressure within fragile $67k–$74k range appeared first on CryptoSlate.
This marks the fourth distribution for the bankrupt FTX exchange, which has already repaid over $6 billion to former users and investors.
The institutional crypto lender filed for bankruptcy after suspending withdrawals, incurring about $75 million in losses and facing a lawsuit alleging misuse of customer funds.
In February, BlockFills temporarily suspended client deposits and withdrawals, citing recent market and financial conditions.
A quiet shift is underway in the stablecoin hierarchy. While Tether’s USDT still dominates the digital dollar market, the gap between the two largest issuers is narrowing as USDC steadily expands its footprint and Tether’s growth shows signs of softening. Additionally, USDC is gaining ground in the places where the next wave of crypto money […]
The post Digital dollar power balance cracks as Circle’s growth spurt closes in on Tether’s dominance appeared first on CryptoSlate.
Sam Bankman-Fried filed a motion for a new trial on Feb. 10, advancing a claim that reframes FTX's collapse not as fraud-driven insolvency but as a recoverable liquidity crisis. The motion invokes Rule 33 of the Federal Rules of Criminal Procedure, which permits courts to grant new trials when “the interest of justice so requires,” […]
The post Sam Bankman-Fried requests new trial claiming FTX had $16.5 billion surplus in 2022, but does it matter? appeared first on CryptoSlate.
FTX’s bankruptcy wind-down is still running on two tracks: returning money to creditors while trying to take it back from others.
Mt. Gox-linked Bitcoin (BTC) wallets moved roughly 10,600 BTC on Nov. 17, breaking an eight-month silence that had lulled traders into forgetting the estate still controlled nearly $3 billion in legacy coins. The transaction routed about 10,608 BTC to a new, unlabeled address, with the remainder returning to a known Mt. Gox wallet. Timing turned […]
The post Mt Gox FUD: Bitcoin ETFs just sold more BTC than Mt Gox has left to give back appeared first on CryptoSlate.
Sam Bankman-Fried is again challenging the core narrative of his downfall: that FTX was insolvent when it collapsed in November 2022. In a 15-page report written from prison and dated Sept. 30, the convicted founder claimed the exchange “was never insolvent” but merely trapped in a “liquidity crisis” after customers pulled $5 billion in two […]
The post New prison report flouts claim FTX could have repaid customers from $25B in assets appeared first on CryptoSlate.
Mt. Gox just pushed its repayment deadline again from this Friday to Oct. 31, 2026, with court approval. The one-year extension, effectively diffuses near-term sell pressure, turning what could have been a sharp supply event into another drawn-out administrative cycle. Much like prior phases, repayments are expected to filter through exchanges, custodians, and OTC venues […]
The post Mt. Gox delayed to 2026: Does 34k BTC even move Bitcoin price anymore? appeared first on CryptoSlate.
Iran’s financial system just suffered one of its most dramatic implosions in years. The country’s Central Bank declared Ayandeh bank, one of its largest private lenders, bankrupt and its assets were absorbed by the state. Founded in 2012 with over 270 branches nationwide, Ayandeh bank had accumulated $5.2 billion in losses and nearly $3 billion in debt, […]
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A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.
Creditors of the collapsed crypto exchange FTX are facing another round of fraud, this time through a fake airdrop scheme. Sunil Kavuri, a popular FTX creditor advocate, warned on Sept. 24 that community members are being targeted with phishing emails exploiting information stolen in the Kroll data breach. Kavuri shared a screenshot of the message, […]
The post SBF shares his contact details as FTX investors targeted with another scam appeared first on CryptoSlate.
FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It […]
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FTX creditors will receive $1.6 billion on Sept. 30 in the third major distribution since the exchange’s 2022 collapse, bringing some customers to 95% cumulative recovery rates. According to the FTX Recovery Trust’s Sept. 19 announcement, creditors must complete multiple verification steps through the FTX Customer Portal before receiving payments, which take one to three […]
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The latest round of redistributions marks another step in the bankruptcy estate’s plan to make creditors whole after the 2022 collapse of Sam Bankman-Fried's exchange.
FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange. The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Kroll’s handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals. According to the […]
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Chinese creditors affected by FTX’s latest legal maneuver are ramping up efforts to challenge the bankrupt exchange’s request to delay payouts to users in 49 jurisdictions with restrictive or uncertain crypto laws. The group is turning to US courts and regulators, raising concerns about fairness, transparency, and procedural integrity. Speaking with CryptoSlate, a Chinese creditor […]
The post Over 500 Chinese creditors challenge FTX over $470M payout freeze appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Celsius has accused Tether of improperly liquidating nearly 40,000 bitcoins in order to cover an outstanding loan while it was on the precipice of bankruptcy in 2022.
WazirX, once India’s largest crypto exchange by trading volume, has secured a crucial extension from Singapore’s High Court as it struggles to recover from a devastating $234 million hack and a year of growing user frustration. In a statement posted on social media, WazirX confirmed that the court will allow it to present new arguments […]
The post WazirX gains crucial extension to revive post-hack restructuring plan appeared first on CryptoSlate.
FTX’s bankruptcy lawyers have pushed back forcefully against a $1.53 billion claim filed by failed crypto hedge fund Three Arrows Capital (3AC), calling the demand “illogical” and warning that it would unfairly drain funds from FTX’s legitimate creditors. In new court documents submitted on June 20, FTX’s legal team asked a Delaware bankruptcy judge to […]
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Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto lender. According to newly filed court documents, Mashinsky and entities associated with him, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, will be excluded from any future distributions under the Celsius bankruptcy plan. The […]
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FTX, the bankrupt crypto exchange, has added Payoneer to its creditors’ repayment options, according to a June 10 statement. The new company would serve as an additional asset distribution channel, alongside BitGo and Kraken. Payoneer operates a global payments platform across more than 190 countries and territories. Under the agreement, Payoneer will help distribute funds […]
The post FTX continues to exclude Nigeria and China in remaining creditor repayments but includes Payoneer appeared first on CryptoSlate.
The country has been beefing up its crypto work as digital assets have soared in popularity.
Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially influencing trading behavior and asset flows as funds reach affected creditors this week. The FTX Recovery Trust began distributing more than $5 billion in stablecoins on May […]
The post Coinbase says FTX repayments could become a $5B market injection appeared first on CryptoSlate.
BitGo has reportedly initiated the second phase of FTX’s repayment process, marking another milestone in the exchange’s long-awaited recovery effort. On May 27, FTX creditor Sunil Kavuri reported that user accounts had been credited through BitGo as part of the repayment rollout. However, these funds will remain locked from trading until May 30. He said: […]
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