
Crypto News
Catch all the latest breaking news where you can learn about the most recent activity in the web3 community and blockchain industry. The crypto market moves fast, so always stay up-to-date with BCCN3.
SBF Granted Opportunity to Review Extradition Terms
SBF has been granted the opportunity to judicially review the terms of his extradition from the Caribbean, leading to a further delay in additional charges.
SBF Trial Possibly Delayed “Well Beyond” Oct. 2
A recent court filing states that ongoing fraud proceedings against SBF could be significantly delayed if additional charges are added.
Task Force to Retrieve Funds for FTX Investors
The Southern District of New York has assembled a task force which will investigate and retrieve billions of dollars of investor funds from FTX.
SBF Released on $250M Bail
Sam Bankman-Fried has been released after his parents paid the former FTX CEO’s $250M bail and SBF agreed to other conditions including house arrest.
Over 400 VCs Invested $5B into Alameda Research
A list released by the Financial Times details a list of over 400 venture capital firms that collectively invested over $5.4 billion into Alameda Research.
BitGo Recovers Millions in FTX Assets
BitGo has been chosen to hold the remaining assets belonging to FTX and has recovered $740 million in assets belonging to the former exchange.
BlockFi Files for Bankruptcy Protection
BlockFi has filed for Chapter 11 bankruptcy protection after not being able to recoup $275 million from disgraced crypto exchange FTX.
Genesis Trading Halts Lending Payouts
Genesis Global Trading has suspended all payouts to lenders after investors accelerated withdrawals after the collapse of FTX.
FTX Files for Bankruptcy, SBF Resigns
FTX and Alameda Research have filed for Chapter 11 bankruptcy. SBF has resigned. Liabilities estimated at $10-$50 billion. FTX US withdrawals have also been frozen.
Binance Acquires FTX In Stunning Reversal
Binance acquires embattled cryptocurrency exchange FTX after refusing to absorb FTT tokens in bid to stabilize its liquidity crisis.