GetChain News
中简 中繁 EN
GetChain News
Toggle sidebar
FTX

FTX

FTT
Inactive

Cryptocurrency exchange

ftx.com X LinkedIn Telegram

News Heat Trend

Project Overview

FTX is one of the biggest cryptocurrency exchanges, striving to develop a platform that is robust enough for professional trading firms and intuitive enough for first-time users. FTX offers innovative products, including derivatives, options, volatility products, and leveraged tokens.

CeFi CEX

Event-related news

View more View more View more View more

SBF invested $200,000 early in Cursor; if he had not sold his equity, it would now be worth approximately $3 billion.

SpaceX announced today that it has reached a cooperation agreement with AI-powered programming startup Cursor, which has granted SpaceX the right to acquire Cursor later this year for $6 billion—or pay $1 billion to advance their collaboration. According to reports, Cursor’s developer, Anysphere, closed a $400,000 pre-seed funding round in April 2022, co-led by Alameda Research and Heroic Ventures. Alameda invested $200,000 in Anysphere, acquiring approximately 5% equity; this stake was sold at its original price during FTX’s bankruptcy liquidation. Had it not been sold, the stake would now be worth roughly $3 billion.

BIS Warns: Crypto Exports Are Evolving into "Shadow Banks," Leaving Users Exposed to Unsecured Risks

the Bank for International Settlements (BIS) has released a report stating that crypto exchanges are increasingly offering banking-like services, such as lending and yield-bearing products (Earn), but lack the regulatory oversight and deposit protection found in traditional financial systems, posing systemic risks.The report states that these high-yield products are essentially more akin to "unsecured loans." User assets are often used by platforms for high-risk operations such as lending, trading, or market making, while users only hold a claim against the platform. If the platform encounters problems, users are directly exposed to solvency risks.The BIS also noted that major crypto platforms have evolved from simple exchanges into "multi-functional intermediaries," integrating the functions of banks, brokerages, and exchanges, but with insufficient transparency and risk isolation mechanisms. The collapses of Celsius Network and FTX are typical examples of this structural risk. Additionally, the report mentions the crypto market flash crash in October 2025, which triggered approximately $19 billion in forced liquidations, highlighting the risk of cascading effects under high leverage and opaque structures. (CoinDesk)

ether.fi responds to supporting Kelp compensation fund with 5,000 ETH: Citing concerns that a hack could trigger a systemic DeFi collapse

Odaily News ether.fi CEO Mike Silagadze posted on X platform to explain the reason behind the company's commitment of 5,000 ETH to the Kelp hack recovery fund. He stated that the team believes this incident posed a real risk of "destroying the entire DeFi ecosystem." If Kelp were to go bankrupt, $1.5 billion worth of rsETH could be frozen long-term, potentially bringing the $30 billion Aave lending market to a standstill and triggering a cascading collapse across both DeFi and CeFi, which he described as making "FTX look insignificant by comparison." Mike Silagadze added that while most institutions chose to step back and defer to legal counsel, proactively taking responsibility and quickly raising funds to plug the gap was the right choice to help avert the worst-case scenario.

ether.fi responds to supporting Kelp compensation fund with 5,000 ETH: Citing concerns that a hack could trigger a systemic DeFi collapse

Odaily News ether.fi CEO Mike Silagadze posted on X platform to explain the reason behind the company's commitment of 5,000 ETH to the Kelp hack recovery fund. He stated that the team believes this incident posed a real risk of "destroying the entire DeFi ecosystem." If Kelp were to go bankrupt, $1.5 billion worth of rsETH could be frozen long-term, potentially bringing the $30 billion Aave lending market to a standstill and triggering a cascading collapse across both DeFi and CeFi, which he described as making "FTX look insignificant by comparison." Mike Silagadze added that while most institutions chose to step back and defer to legal counsel, proactively taking responsibility and quickly raising funds to plug the gap was the right choice to help avert the worst-case scenario.

BIS Warns: Crypto Exports Are Evolving into "Shadow Banks," Leaving Users Exposed to Unsecured Risks

the Bank for International Settlements (BIS) has released a report stating that crypto exchanges are increasingly offering banking-like services, such as lending and yield-bearing products (Earn), but lack the regulatory oversight and deposit protection found in traditional financial systems, posing systemic risks.The report states that these high-yield products are essentially more akin to "unsecured loans." User assets are often used by platforms for high-risk operations such as lending, trading, or market making, while users only hold a claim against the platform. If the platform encounters problems, users are directly exposed to solvency risks.The BIS also noted that major crypto platforms have evolved from simple exchanges into "multi-functional intermediaries," integrating the functions of banks, brokerages, and exchanges, but with insufficient transparency and risk isolation mechanisms. The collapses of Celsius Network and FTX are typical examples of this structural risk. Additionally, the report mentions the crypto market flash crash in October 2025, which triggered approximately $19 billion in forced liquidations, highlighting the risk of cascading effects under high leverage and opaque structures. (CoinDesk)

Related news

ether.fi responds to supporting Kelp compensation fund with 5,000 ETH: Citing concerns that a hack could trigger a systemic DeFi collapse

Odaily News ether.fi CEO Mike Silagadze posted on X platform to explain the reason behind the company's commitment of 5,000 ETH to the Kelp hack recovery fund. He stated that the team believes this incident posed a real risk of "destroying the entire DeFi ecosystem." If Kelp were to go bankrupt, $1.5 billion worth of rsETH could be frozen long-term, potentially bringing the $30 billion Aave lending market to a standstill and triggering a cascading collapse across both DeFi and CeFi, which he described as making "FTX look insignificant by comparison." Mike Silagadze added that while most institutions chose to step back and defer to legal counsel, proactively taking responsibility and quickly raising funds to plug the gap was the right choice to help avert the worst-case scenario.

Judge Rejects SBF’s Motion for Retrial, Dismissing His Claims as “Highly Conspiracy-Theorist in Nature”

According to The Block, U.S. District Judge Kaplan of the Southern District of New York issued an order on Tuesday formally denying Sam Bankman-Fried’s motion for a new trial and sharply criticizing the new evidence he submitted, describing his claims as “highly conspiratorial.” Notably, Bankman-Fried had previously moved to recuse Judge Kaplan from the case. In November 2023, Bankman-Fried was found guilty by a New York jury on all seven criminal charges, which involved defrauding FTX customers, lenders, and investors.

ZachXBT: WLD supply inflating at unsustainable rate, insiders regularly hold OTC trades

on-chain detective ZachXBT posted on X platform, stating that no one has mentioned Altman's other company, WorldCoin (also known as World), which launched a low-circulation crypto token WLD on a scale comparable to SBF/FTX.They obtain biometric data from residents of low-income countries by gifting small amounts of WLD tokens.The technology was originally designed to verify human identity but has led to a black market for verified accounts.Token supply is inflating at an unsustainable rate, and insiders regularly hold OTC trades.

BIS Warns: Crypto Exports Are Evolving into "Shadow Banks," Leaving Users Exposed to Unsecured Risks

the Bank for International Settlements (BIS) has released a report stating that crypto exchanges are increasingly offering banking-like services, such as lending and yield-bearing products (Earn), but lack the regulatory oversight and deposit protection found in traditional financial systems, posing systemic risks.The report states that these high-yield products are essentially more akin to "unsecured loans." User assets are often used by platforms for high-risk operations such as lending, trading, or market making, while users only hold a claim against the platform. If the platform encounters problems, users are directly exposed to solvency risks.The BIS also noted that major crypto platforms have evolved from simple exchanges into "multi-functional intermediaries," integrating the functions of banks, brokerages, and exchanges, but with insufficient transparency and risk isolation mechanisms. The collapses of Celsius Network and FTX are typical examples of this structural risk. Additionally, the report mentions the crypto market flash crash in October 2025, which triggered approximately $19 billion in forced liquidations, highlighting the risk of cascading effects under high leverage and opaque structures. (CoinDesk)

If FTX Had Not Gone Bankrupt, SBF’s Investment Portfolio Could Have Generated Over $100 Billion in Potential Returns

According to KOL AB Kuai.Dong (@_FORAB), FTX founder SBF is currently incarcerated for allegedly misappropriating approximately $16 billion in user assets. However, the potential value of his investment portfolio has sparked widespread discussion. Had FTX not gone bankrupt and been liquidated, the estimated returns on its holdings would have been as follows: Anthropic—approximately $82.3 billion (roughly 165x), SpaceX—approximately $15 billion (roughly 75x), Robinhood—approximately $4.9 billion (roughly 8x), Genesis Digital Assets—approximately $3.5 billion (roughly 3x), and AI-powered coding tool Cursor—approximately $3 billion (roughly 15,000x, with an original investment of just $200,000 for a 5% stake). The combined potential value of these assets exceeds $100 billion.

SBF Withdraws Motion for Rehearing, Citing Inability to Receive a Fair Hearing from the Judge

According to The Block, former FTX CEO Sam Bankman-Fried (SBF) submitted a letter on April 22 local time to U.S. District Judge Lewis A. Kaplan of the Southern District of New York, announcing his temporary withdrawal of his previously filed Rule 33 motion for a new trial, citing his “lack of belief that he would receive a fair hearing from the judge.” SBF stated that he independently conceived the motion and conducted most of the legal research while incarcerated at the Brooklyn Metropolitan Detention Center, without consulting his attorneys; he shared only a draft with his parents and received editorial suggestions from them. His mother, Barbara Fried, had previously filed the motion on his behalf in March. SBF also indicated that he reserves the right to refile the motion following rulings on his direct appeal and motion to recuse the judge. In November 2023, SBF was found guilty by a jury on seven counts of fraud and subsequently sentenced to 25 years in prison. Prosecutors described his conduct as “the largest fraud of the past decade.” Earlier, SBF had sought a presidential pardon from Donald Trump but was denied.