Tag: FTX

  • FTX, Alameda allegedly schemed to cash in on Tether: lawsuit

    Cryptocurrency trading platform FTX used a Bahamas-based lender, Deltec Bank & Trust Ltd., to secretly create and sell Tether (USDT) stablecoins as part of a profit-making scam, according to a new lawsuit reported by Bloomberg. Alameda Research, FTX’s sister firm, was also named in the lawsuit, which was filed Friday, in a Florida court. Caroline…

  • FTX claims prices rally ahead of anticipated estimation hearing

    Prices of claims on the crypto exchange FTX have increased ahead of a Jan. 25 estimation hearing, where creditors expect the ruling to favor their demand for “in kind” repayments in cryptocurrency. FTX claims are now trading at almost 80 cents to the dollar, according to Cherokee Acquisition, an investment banking firm that specializes in bankruptcy…