FTX, Alameda to Pay Creditors $12.7B in CFTC Settlement
The settlement follows the collapse of FTX in November 2022, which caused significant turmoil in the cryptocurrency market. A settlement between the Commodity and Futures Exchange Commission (CFTC), the defunct cryptocurrency exchange FTX and the sibling business Alameda Research has received approval from a judge in the United States. Following the exchange’s collapse in November […]
Former FTX, Alameda Execs Launches New Crypto Exchange
Backpack, a cryptocurrency exchange founded by former FTX executives in Alameda, is already servicing clients in multiple locations around the United locations. In an X thread on February 21, the cryptocurrency exchange Backpack said that it has begun providing services to users from 11 states to strengthen its position in the American market. Backpack is […]