Binance, one of the world’s largest crypto exchanges, is making a play for its competitor FTX Trading, which was on its own acquisition spree before reports surfaced that it was battling insolvency.

As part of the acquisition, Backpack EU will be responsible for distributing court-approved bankruptcy claims to FTX EU customers. Backpack, a centralized cryptocurrency exchange (CEX) founded by ...

FTX’s token FTT surged 17% in the last 24 hours, baffling traders as bankruptcy proceedings continue and unlocked tokens re-enter circulation. As of Sept. 18, the token traded at around $0.93, up more ...

Almost all customers of collapsed cryptocurrency exchange FTX will get their money back — and more, according to a court filing. FTX estimates that it owes creditors around $11.2 billion. FTX said ...

The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a "fraudulent" share deal. In a ...

FTX, the crypto exchange that went bankrupt in November 2022, announced on July 23 that the record date for claim holders is Aug. 15 and it will begin the next round of creditor claim distribution on ...

Failed crypto exchange FTX’s payment plan is now effective. As per the plan, certain FTX clients who may be claiming an amount less than $50,000 may expect to get their funds returned within the next ...

Fried, from building FTX into a crypto giant to its dramatic collapse, industry fallout, and his legal battle.

At least two unnamed companies have been taken in by an alleged shapeshifting fraudster selling millions of dollars in fake FTX liquidation claims by apparently using artificial intelligence to help ...

Aug 8 (Reuters) - A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission said on Thursday. FTX drew ...

NEW YORK (AP) — A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried ...

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 ...