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.

In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its ...

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 defunct FTX exchange’s native token decoupled from prevailing market bearishness after a swift surge in the past few hours. FTT’s price gained approximately 60% within minutes as it climbed to ...

Several users have already confirmed receiving the funds, which for many marks an end to an almost three-year wait for a refund after the FTX exchange filed for bankruptcy in November 2022. FTX ...

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 ...

FTX's creditors will receive a share of their lost funds starting May 30, 2025. BitGo and Kraken — two of the approved distribution agents—are emailing clients to confirm that funds transferred from ...

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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s financial regulator has warned consumers against dealing with FTX, the cryptocurrency exchange run by ...

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 ...