Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
The acquisition alleviates financial burdens on the company brought about by financial entanglements with FTX, but does not provide new working capital.
Jacob Oliver 2 min read 
The lawsuit claims Bybit and its affiliates used VIP connections to prioritize their withdrawals, and are holding FTX's $125 million hostage.
SEC Chair Gary Gensler hinted that FTX could be revived under strict adherence to the law.
Bullish, Proof Group, and Figure Technologies have all expressed interest in buying what remains of the failed exchange.
The CEO of Near Foundation reportedly said the stablecoins' origin were suspicious.
The bankrupt exchange has moved around $187 million worth of Solana tokens.
Proof Group is part of the Fahrenheit consortium that acquired the collapsed crypto lender, Celsius Network.
The exchange explained that the sales were necessary to mitigate against price swings.
Former FTX CEO Sam Bankman-Fried will finally be sentenced in March 2024.
