FTX - News, Articles & Research

New FTX CEO slams 'complete failure of corporate controls'

John Ray, the man who took over at Enron after its collapse and is now in charge of FTX has blasted his predecessor at the failed crypto exchange, Sam Bankman-Fried, declaring in court filings that he has never "seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information".

17 November 2022

News/people

FTX files for US bankruptcy protection; Bankman-Fried quits

Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.

11 November 2022

News/crypto

FTX Europe to have licence suspended - Bloomberg

Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.

11 November 2022

News/crypto

Binance pulls out of FTX takeover

Binance says it will not go ahead with plans to buy FTX, citing the results of due diligence and reports of US regulatory investigations into its rival crypto exchange.

09 November 2022

News/crypto

Binance to buy troubled rival FTX

Facing up to a liquidity crunch, crypto exchange FTX has agreed to sell itself to rival Binance. Terms have not been disclosed.

08 November 2022

News/crypto

Visa and FTX take crypto debit card worldwide

FTX has inked a global agreement with Visa to offer crypto-linked debit cards to customers in 40 countries.

07 October 2022

News/people

Celsius CEO steps down as FTX moves in

Celsius CEO Alex Mashinsky has stepped down amid bankruptcy proceedings and former JPMorgan Chase exec Chris Ferraro has been appointed interim CEO.

28 September 2022

News/crypto

FTX wins $1.4bn auction for Voyager Digital assets

FTX has won the auction for the assets of bankrupt crypto lender Voyager Digital with a bid worth just over 1.42 billion.

28 September 2022

News/regulation

UK watchdog warns consumers of dealings with FTX

THE FCA has warned consumers to steer clear of cryptocurrency exchange FTX, which is selling products and services in the UK without authorisation from the regulator.

20 September 2022

News/crypto

FTX and Coinbase invest in 'Bloomberg for crypto' Coinfeeds

The venture arms of FTX and Coinbase have joined a $2 million seed funding round for Coinfeeds, a startup that lets people monitor the social media mentions and activity of web3 and NFT projects.

28 July 2022

News/crypto

FTX closes in on $25m cut-price deal for BlockFi - reports

Not much more than a year after raising funds at a $3 billion valuation, cryptocurrency player BlockFi is on the verge of being acquired by FTX in a deal worth as little as $25 million, according to CNBC.

30 June 2022

Company announcement/crypto

FTX US buys clearing firm Embed

West Realm Shires Inc. ("FTX US" or "the Company") today announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC ("Embed"), a new FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm. Embed specializes in providing whitelabel brokerage services and APIs to broker-dealers and registered investment advisors.

21 June 2022

News/crypto

FTX to buy Canadian crypto player Bitvo

Crypto giant FTX is set to enter Canada after agreeing to buy Alberta-based outfit Bitvo. Financial terms were not disclosed.

17 June 2022

News/crypto

Robinhood shares soar after FTX chief buys 7.6% stake

Robinhood's share price jumped more than 20% on Friday after it emerged that Sam Bankman-Fried, the CEO of crypto exchange FTX, has acquired a 7.6% stake in the trading app.

13 May 2022

Company announcement/regulation

FTX signs for Eventus trade surveillance and risk monitoring platform

Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM (“FTX”), a leading global cryptocurrency exchange, announced today that FTX has contracted with Eventus to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all FTX markets throughout the globe.

26 April 2022

News/crypto

FTX invests $100m in Dave as part of crypto partnership

The venture arm of FTX has invested $100 million in Dave as part of a wider partnership between the crypto giant's US business and the banking app to "expand the digital assets ecosystem".

23 March 2022

News/crypto

FTX turns to Stripe for payments and ID verification

Crypto giant FTX and its US subsidiary have chosen Stripe to build an onboarding and identity verification flow for users joining the exchange, and to power payments for people adding funds to their accounts.

11 March 2022

Company announcement/crypto

FTX sets up European unit

FTX Trading Limited ("FTX") a leading global cryptocurrency exchange, today announced the establishment of FTX Europe ("FTX Europe" or "the Company"), marking the next phase of the Company's global expansion, by extending its presence into Europe and the Middle East.

07 March 2022

News/crypto

FTX hits $32bn valuation

FTX has raised $400 million in a Series C funding round that values the cryptocurrency exchange operator at $32 billion.

31 January 2022

News/crypto

FTX launches $2bn fund to back web3 startups

Cryptocurrency exchange FTX has launched a $2 billion venture capital fund that will invest in firms pushing blockchain and web3 adoption in areas including social, gaming, fintech, software, and healthcare.

14 January 2022