Former FTX CEO Sam Bankman-Fried is restricted from using encrypted messaging apps

A New York judge has imposed communication limits on former FTX chief executive Sam Bankman-Fried, according to a court filing on Feb. 1. The filing includes two restrictions. Bankman-Fried can’t communicate with any previous or current employees at FTX or Alameda, other than his immediate family members, except in the presence of a legal counsel. … Read more

DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M

What a difference a few months makes. Since the implosion and bankruptcy filing of the cryptocurrency exchange FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes—as have those closest to him. A prime example? The listing of a townhouse in Washington, DC, that was purchased in April 2022 by Guardians Against … Read more

Tom Brady’s FTX shares were once worth $45 million. Will he lose it all?

Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his crypto company filed chapter 11 bankruptcy protection last year, but he’s not the only high-profile investor who may lose money amid FTX’s downturn. As interest in crypto and crypto exchanges exploded in recent years, more high-profile individuals … Read more

Coinbase stock poised to record best month in history. Can the rally continue?

The stock of crypto exchange Coinbase is on track to record its strongest month in history, despite the implosion of its former competitor FTX in November which shook investor confidence in digital currency markets.    Coinbase COIN, +4.88% shares are up 60% year-to-date and are up 77% from the all-time low of $31.55 on Jan.6, … Read more

SBF’s Alameda seeks to reclaim $446 million in loan payments to Voyager

Alameda Research, the trading arm of Sam Bankman-Fried’s bankrupt crypto exchange FTX, is seeking to recoup about $446 million in loan payments from similarly bankrupt crypto lender Voyager Digital. According to a filing in Delaware bankruptcy court Monday, FTX — filing on behalf of Alameda — said that before Voyager filed for bankruptcy in July, … Read more

Elon Musk is trying to build a Twitter payments system — and crypto may be part of it: report

Twitter is reportedly pushing forward its efforts to introduce payments across the social media platform. In Elon Musk’s vision, the system would use fiat currencies at first, but may add crypto functionality later, the Financial Times reported on Monday. The social media giant has been applying regulatory licenses and devising the software it needed to … Read more

Why bitcoin is up 40% in January despite crypto industry carnage. Can the rally continue?

Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Bitcoin has had a stellar start this year, with an almost 40% rise so far, even though crypto lender Genesis filed for bankruptcy last week, only months after digital asset exchange FTX imploded in November. In this installment, I’ll break down what’s … Read more

Bitcoin and crypto are moving past FTX’s collapse, but the road back will be rough

The cryptocurrency market has rebounded in recent weeks, with bitcoin BTCUSD, -2.03% and other digital assets almost recovering their losses since the collapse of the FTX cryptocurrency exchange. Now, many investors wonder whether this is the end of the bear market for crypto, or just a temporary resurgence.  To answer this question and shed more … Read more

After the collapse of FTX, Celsius and Genesis, crypto’s million-dollar question remains: Will customers see any of their money again?

Customers of failed crypto ventures like FTX, Celsius Network or Genesis may one day see some of their money again, but they better be prepared to wait. Experts say recovering money from frauds and other financial collapses is a complex and hard-to-predict process and while often some money can be returned, it can take years … Read more

Bitcoin soars past $23,000 to highest since last September

Bitcoin BTCUSD, +3.92% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday that Genesis Global Capital had filed for Chapter 11 bankruptcy protection. Genesis is owned by Digital Currency Group. The company has been caught up … Read more