Keep up with what's happening in the crypto world in real-time.
All Filters (1)
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTX's exchange token FTT is considered a security.
Based on prior complaints, regulation by enforcement seems to be the SEC's preferred method of keeping an eye on the crypto industry
The US SEC has called FTX Token (FTT) a security. Does it set a dangerous precedent for the Binance Coin (BNB)?
The FTX crypto exchange network reportedly funded a large part of the Blockfolio takeover using the FTT token.
The SEC claims that FTX's management team sold FTT as an investment contract and used the proceeds to fund the exchange.
According to a recent filing by the US SEC, FTX's native token FTT is now classified as a security. According to the watchdog, FTX's and Alameda's activities with the token classified it as one.
Defunct cryptocurrency exchange FTX (CRYPTO: FTT) used its own exchange token, FTT, to pay for the acquisition of the tracking website Blockfolio in 2020. Around 94% of the $84 million deal was paid for with the FTT tokens that FTX created, according to financial documents, Bloomberg reported.
The Securities and Exchange Commission called FTT token a security. This could have huge ramifications for crypto.
The United States Securities and Exchange Commission (SEC) has alleged in its complaint filed on 21 December that the now-bankrupt crypto exchange FTX's native token FTT was sold as an investment contract, and is a “security.”
The FTT token was also a major factor in the implosion of FTX.
The now-bankrupt crypto exchange FTX reportedly funded 94% of its Blockfolio acquisition using its native FTT token.
The SEC stated that the operations of the FTT token and the buy-and-burn program initiated by crypto exchange FTX are synonymous with stock buyback and thus constitute the behavior of securities.
The United States Securities and Exchange Commission, in its filing against Caroline Ellison and Gary Wang, said that the FTX's exchange token (FTT) is considered a security, given that it was sold as an investment contract. The post SEC filing declares FTT a security in FTX case development appeared first on CryptoSlate.
When now-defunct crypto exchange FTX acquired the portfolio tracking platform Blockfolio in 2020, it reportedly used its own exchange token, FTT, to fund the takeover. The post FTX funded 94% of Blockfolio takeover with its FTT token: Bloomberg appeared first on The Block.
The complaint specifically noted that FTX used proceeds from the FTT token sale to fund its business efforts. The post FTX's FTT token labeled a security in SEC complaint appeared first on The Block.
Complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.
All the latest news on SBF and the FTX exchange after the collapse
Despite FTX's collapse last month, the trading platform's crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec.
In the wake of the FTX meltdown, investors are asking serious questions about the long-term future of Binance.
Upon the news that the founder of the collapsed crypto trading platform FTX has been arrested, many cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) included, are recording modest gains, whereas FTX Token (FTT), the native token of the crypto derivatives trading platform, keeps losing ground.
The Schall Law Firm has taken on the responsibility of looking into the investors' claims against FTX for breaking securities laws to aid the newly defrauded FTX Tokens shareholders.
To help the investors legally recoup losses, Schall Law Firm plans to investigate FTX for issuing misleading statements or failing to disclose crucial information.
FTT raced to double-digits uptick after SBF endorsed trader's recovery plan opinion On-chain profit and loss remained in the same region FTX Token [FTT] recorded a 30.39% increase in less than 24 hours after embattled founder Sam Bankman-Fried (SBF) consented to a recovery plan.
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform's exchange token FTT is still trading above $1 per unit, and it managed to climb 23.4% higher against the U.S.
