The Delaware bankruptcy court handling the FTX estate approved a petition on Thursday from Three Arrows Capital (3AC) to significantly expand its claim against the estate from $120 million to $1.53 billion, marking a major development in the ongoing

Understanding liquidity crises A liquidity crisis occurs when an organization lacks sufficient liquid assets, such as cash or assets readily convertible to cash, to meet its short-term financial obligations.Major hacks in the cryptocurrency exchang

Deribit's options market for Solana's SOL token has become active, with whales engaging in bearish bets as the token's price continues to decline ahead of an impending multi-billion dollar unlock.Last week, SOL block trades totaling $32.39 million in

The FTX crypto exchange going down will forever be remembered as a dark day in crypto. But props to the company for finally starting to repay creditors. It went through with its first round of repayments on February 18, where it paid out the ‘Conveni

A court document from a US District Court shows the extent of Sam “SBF” Bankman-Fried’s accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations, countless crypto balances, and a healthy stake

Today in crypto, Bitcoin’s price action is raising concerns of possible market manipulation, according to Samson Mow, the US Senate has confirmed Howard Lutnick as commerce secretary, and FTX initiated its first round of creditor repayments and set M

Bitcoin’s price action is raising concerns of possible market manipulation as the cryptocurrency continues trading in a tight range despite billions of dollars in institutional inflows.Bitcoin has been range-bound for over two months, trading betwee

FTX has started repaying creditors today (Tuesday), beginning with those in the “Convenience Class.” This group includes creditors with claims of $50,000 or less.These individuals will receive full repayment along with 9% annual interest accrued sinc

By Alexander OsipovichStarting Tuesday, some FTX customers are set to get their money back, more than two years after Sam Bankman-Fried's cryptocurrency exchange filed for bankruptcy.Initial payouts starting this week will go to smaller customers wit

A growing number of white-collar convicts, including former FTX CEO Sam “SBF” Bankman-Fried, are exploring pathways for clemency following the election of US President Donald Trump. However, as pardon backlogs continue to grow, the chances of convict

The cryptocurrency market experienced a significant selloff following US President Donald Trump’s announcement of new tariffs on imports from Canada and Mexico, along with threats of increased duties on goods from the European Union. This triggered b

Bitcoin (BTC) has had a volatile 24 hours, plunging from $99,500 to as low as $91,231 amid mounting concerns over impending US trade tariffs on Canada, Mexico, and China. However, some crypto analysts see this sharp decline as a buying opportunity, s

Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, stated that a prolonged tariff war could have a substantial positive impact on Bitcoin over time.Over the weekend, President Donald Trump imposed tariffs on Canada, Mexico, and China.Ta

It was another busy week at CoinDesk as the new Trump Administration continued to roll out a pro-crypto agenda and the industry laid the groundwork for growth in the new cycle. Ripple was at the center of the news. Ondo Finance announced it would off

Update (01.31.25 at 19:45:03 UTC) This article has been updated to change the adjusted EBITDA figure to $380 million as opposed to $330 millionKraken, a centralized crypto exchange, released its 2024 financials showing $1.5 billion in revenue for the

LayerZero Labs has reached a settlement agreement with the FTX bankruptcy estate after two years of legal dispute, the company’s co-founder and CEO Bryan Pellegrino said today on social media platform X.“Ultimately we decided this was not us vs FTX w

Solana-based decentralized exchange Mango Markets will wind down its operations on Monday in the wake of an SEC settlement that required Mango's governance DAO and development organization to destroy their MNGO tokens and delist them from all exchang

The FTX bankruptcy estate has disputed the recently announced sale of FTX EU to Backpack, the cryptocurrency exchange and wallet firm founded by former FTX and Alameda employees.The FTX estate said Backpack “has no involvement whatsoever in the U.S.

Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with

Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU.Although Backpack currently ranks only 200th in CoinMa