FTX US

Company says it has anticipated the figure based on monetising assets, FTX Ventures businesses, and litigation claims

US rate cuts, exchange-traded funds approval propel rise

FTX was one in a series of industry meltdowns that sent bitcoin crashing to its lowest price since 2020

Wallet addresses holding under 10 bitcoin now own 17.4%, up from 14.4% last year

Former CEO has given numerous media interviews apologizing for his mistakes, explaining what happened at the company

Block's employees were previously unaware of the payments

Agencies are investigating firms for possible misconduct concerning digital assets

Attorneys demand for an investigation of Binance's sale of FTX in July 2021

FTX's woes highlight the need for regulators to put in place tighter controls as quickly as possible

FTX filed for bankruptcy in one of the highest-profile crypto blowups with losses in the billions of dollars

FTX struggled to raise billions to stave off collapse as traders rushed to withdraw $6 billion from it in 72 hours

The Crypto exchange founder was critical of digital currency and believed bitcoin had no future as a payments network

Cryptocurrency exchange FTX raised $400 million from investors at a valuation of $32 billion.

FTX US said that it was valued at $8billion after raising $400 million in its first funding round.