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    Tag: ftx crash

    Closing Arguments: Day 17 of SBF Trial Paints FTX Founder as Both Criminal and Victim

    Cryptory.net - During the trial of United States v Sam Bankman-Fried, attorneys delivered their closing arguments. This legal proceeding centers around the collapse of FTX, with prosecutors accusing the founder of constructing his cryptocurrency empire through deceptive means, often referred to as a "pyramid of lies."

    Soaring High: Solana and Other FTX Holdings Thrive One Year After Sam Bankman-Fried’s Downfall

    Cryptory.net - The downfall of the FTX founder started on November 2, 2022. One year later, jurors are now ready to begin deliberating on his fate. Interestingly, this coincides with a time when the value of the SOL tokens owned by FTX has increased by an additional $1 billion.

    What Happened During Sam Bankman-Fried’s Second Week in Court?

    Cryptory.net - Is Sam Bankman-Fried a criminal mastermind or a hapless individual? This article provides an insightful examination of the ongoing trial proceedings surrounding him.

    FTX Sues Sam Bankman-Fried and Other Former Executives to Recoup Over $1M

    Cryptory.net - FTX founder Sam Bankman-Fried and other former executives Caroline Ellison, Gary Wang and Nishad Singh have been named as defendants in the latest FTX lawsuit.

    Media Giants Continue to Ask Court to Release Details of FTX Creditors

    Cryptory.net - 4 media giants have asked the court for the 3rd time to release the list of nearly 9 million users who are creditors of the collapsed FTX exchange.

    Crypto Market Lost Nearly $4 Billion in 2022 Due to Security Attacks

    According to the annual report from Immunefi, the cryptocurrency market lost nearly $4 billion to security hacks in 2022.

    Bitcoin Jumps Above $19,000 For First Time Since FTX Crash

    Cryptory.net - This is the highest level of Bitcoin since Nov 8, 2022, when the FTX collapsed.

    AAX Executives Arrested in Hong Kong

    According to local media reports, Hong Kong police have arrested two executives of cryptocurrency exchange AAX on charges of fraud and deceiving the police.

    Binance Trading Volume Drops to Lowest Level Since October 2020

    Daily crypto trading volume on Binance fell to $9.39 billion on December 23, the lowest level since October 2020, according to data from Nomics.