Ruairi Donnelly, former chief of staff at bankrupt crypto exchange FTX, used insider trading information of FTX tokens (FTT) to enrich his charitable foundation, Polaris Ventures.

A New York judge has granted a request from prosecutors to defer civil proceedings from the Commodities Futures Trading Commision (CFTC) and the Securities Exchange Commision (SEC) until after Sam Bankman-Fried’s criminal trial in October. U.S. District Judge of Manhattan Kevin Castel on Feb. 13 granted the motions to stay the civil proceedings “without prejudice,” meaning the cases will now be halted until after the Department of Justice's (DOJ’s) criminal trial concludes. The motion was first submitted on Feb. 7 by Damian Williams, U.S. Attorney for the Southern District of New York, requesting to defer both civil cases against the FTX founder and former CEO. (Cointelegraph)<br><br>Get the latest news here: Cointime channel—https://t.me/cointime_en<br>

Wallets linked to now-bankrupt Alameda Research became active again on Feb. 7, transferring out millions worth of FTX exchange’s native token, FTX Token (FTT). The Alameda wallet activity post FTX bankruptcy filing has been a big concern for the crypto community, with many questioning the merits of the law enforcement agencies and how these wallets are being accessed.

FTX Token (FTT), the native cryptocurrency of the collapsed FTX crypto exchange, is recording significant gains in 2023 despite the troubles surrounding the trading platform.

FTT, the token tied to bankrupt crypto exchange FTX, shot up 30% after the exchange's new CEO suggested that FTX.com might be restarted.

Bankrupt FTX’s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate’s data.

Over the past months following the exchange’s bankruptcy incident, FTT had fallen from a ranging $25 market price to new lows of around $1. Though it may seem as if there is no hope for the token, some still find it useful as, in the past few days, traders have been seen accumulating the collapsed exchange’s crypto in an attempt to make quick gains.

The embattled FTT token has surged today as traders continue to pile into the collapsed exchange asset in an attempt to make a quick buck.

FTX Token (FTT) the native token of the now bankrupt cryptocurrency exchange FTX has been on an epic rally this week despite the FTX founder and former CEO Sam Bankman-Fried pleading not guilty to all eight counts of U.S. criminal charges.

As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold.