Having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. Although having been granted the op...
Tag: FTX
3AC founder says DCG and FTX helped cause Terra collapse
In a recent Twitter thread, Zhu Su claimed DCG and FTX directly fueled the collapse of Terra, and that they could have helped Terra and 3AC peacefully restructure. 3AC founder says DCG helped Terra im...
Sam Bankman-Fried Pleads Not Guilty
Topline Sam Bankman-Fried pleaded not guilty Tuesday to charges related to the collapse of his crypto empire, according to reporters present at his arraignment hearing in a New York federal court Tues...
This is BIG: DCG and Genesis the next FTX and Alameda?
In collaborative efforts with DCG’s crypto company Genesis, Gemini provides a crypto lending product called Earn. After the bankruptcy of major cryptocurrency exchange FTX in November, Genesis stoppe...
Binance (BNB) Faces Security Questions Over FTX Fiasco While Orbe…
This year has been extremely unpredictable for crypto enthusiasts. While the overall crypto market crashed in the first half of 2022, the second half witnessed a mix of both positive and negative even...
Sam Bankman-Fried Expected To Enter Not Guilty Plea
Topline Sam Bankman-Fried was expected to plead not guilty Tuesday to charges related to the collapse of his crypto empire, setting the stage for one of the most high-profile white-collar criminal tri...
Were SBF and FTX Involved In The Collapse Of The Terra Ecosystem? Discover The Truth Here.
Ever since the Terra ecosystem collapsed, the entire crypto space fell into a bear market, resulting in numerous fallouts and bankruptcies. Initially, it was believed that the selling pressure was orc...
Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report
New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture. A rep...
Bahamas regulator denies FTX CEO’s claims over seized assets
The Securities Commission of The Bahamas has rejected “material misstatements” made by FTX’s newly-appointed CEO, John J. Ray III, over the commission’s seizure of US$3.5 billion in assets from FTX Di...
FTX court case update as of January 3, 2023
Following the collapse of the FTX crypto exchange, the platform’s founder Sam Bankman-Fried (SBF)has formally been charged in court over his role in the incident that resulted in losses running into b...
Bahamas Regulator SCB Denies Asking FTX to Mint New Tokens
The Securities Commission of The Bahamas (SCB) has refuted the claims made by FTX debtors that it had instructed the crypto exchange to mint tokens worth hundreds of millions. In an official statement...
$3.5 Billion In FTX Customer Crypto Custodied By Bahamian Watchdog
– Advertisement – Summary: The Bahamian Securities Commission took control of the assets on November 12 due to concerns that FTX was vulnerable to cyberattacks. Hackers stole nearly $400 m...
FTX New Management Argues with Bahamian Regulators; Here’s What Happened
Hot topic in the new year 2023 surrounded by FTX’s new leadership vs. Bahamian regulators. The Securities Commission of the Bahamas (SCB) published a statement which sought to correct “Material Missta...
3AC co-founder claims DCG and FTX colluded to attack Terra LUNA, stETH
Bankrupt firm Three Arrows Capital’s co-founder Zhu Su alleged that Digital Currency Group (DCG) and FTX conspired to attack Terra LUNA and staked Ethereum (stETH) in a Jan. 3 Twitter thread. The hedg...
John Ray and Bahamas SC Clash Over Seized FTX Asset Value
The Bahamas Securities Commission issued a statement that criticized FTX CEO John Ray’s remarks on the value of seized FTX assets. It said that such remarks could impact the trustworthiness of institu...
3AC founder Zhu Su alleges DCG and FTX caused the fall of LUNA and STETH
Seven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra....
Bahamas accuses FTX management of impeding investigation
The Bahamas Securities Commission (SCB) said FTX’s leadership was impeding its investigations by denying the court-appointed Joint Provisional Liquidators (JPL) access to the bankrupt firm’s systems, ...
3AC Co-Founder Su Zhu Alleges DCG and FTX Conspired to Attack LUNA and stETH
Three Arrows Capital co-founder Su Zhu alleged on Twitter that DCG and FTX conspired to attack LUNA and stETH. He accused them of engaging in misdirection. Su Zhu, a co-founder of the bankrupt fallen ...
Bahamas regulator fires back in ongoing feud with new FTX leadership
Heated exchanges between authorities in The Bahamas and FTX’s new management have spilled over into the new year. The Securities Commission of The Bahamas (SCB) released a statement late on Jan....
Court Document Reveals New Startling Details About Alameda and FTX
Recent revelations have shed light on how the problems that Sam Bankman-Fried “SBF”’s crypto trading firm Alameda has been having began a long time before the difficult year that we all experienced in...
FTX Collapse: Bankman-Fried May Plead Not Guilty
Sam Bankman-Fried will start 2023 as he ended 2022 — in court. The fallen former king of crypto is at the heart of one of the biggest scandals that the young blockchain-powered financial servic...
remembering FTX, Celsius Network, Three Arrows Capital, Terra
2022 has been a catastrophic year in the crypto industry. It has seen all crypto projects losing value and some organizations filing for bankruptcy. Here are the major events that took place in the 20...
Cathie Wood Looks Towards Potential Crypto Regulations Following FTX Collapse
The collapse of once a prominent crypto exchange FTX left bruising scars over crypto space. Many think of the instance to slow down the growth and push back the potential inflow. Ark Invest CEO Cathie...
What FTX had to do with Alameda’s bad XRP bet
Alameda made big losses during the 2018 crypto crash SBF was seeking new lenders since the start of 2019 and even sponsored Binance Blockchain Week for the same purpose FTX was founded after SBF was i...
Good News For FTX Customers: The Bahamas Seized $3.5 billion in Assets
This is news that will no doubt please the customers and creditors of Sam Bankman-Fried’s crypto empire. The authorities of the Bahamas, where the disgraced former emperor of the crypto space l...
Turkey Confiscates Digital Assets of Sam Bankman-Fried, the Founder of FTX Exchange
Turkish authorities have taken action against ex-FTX CEO SBF by freezing his assets in the country Turkey plans to lay down more hard and fast Crypto Regulations Following FTX Downfall According to Nu...
Management Failures At FTX Not Specific To Crypto ⋆ ZyCrypto
Advertisement     On December 13, 2022, John Ray III, the new CEO of FTX Group overseeing its bankruptcy, testified before congress on the collapse of FTX. Ray’s testi...
Cathie Wood: FTX Has Done Harsh Damage to the Crypto Space
Bitcoin bull and crypto investor Cathie Wood thinks the FTX debacle may have done irreparable damage to the crypto space, and she says the incident will likely make many institutional investors stay a...
Hollywood Streaming Titans Stand in Competition for Movie Rights to FTX Tale
The collapse of FTX urges a lot of moviemakers to create a version of its tale A moviemaker named Graham Moore engages in the production of the FTX movie as its adaptation in the Bahamas Several strea...
FTX’s International Customers Lawyer Up, Ask Judge to Rule That Customer Assets Aren’t Property of FTX Estate
“But when you dollarize – regardless of what digital asset it is, what form of asset it is – as of the petition date, that is essentially giving the debtors the power to liquidate whatever’s on the ex...
FTX Customers May Say Bye to Their Money for Good
FTX caused a lot of nasty spillage and other problems in late 2022. Here we are in 2023, and unfortunately, the final remnants of what will likely be labeled a huge bad actor and very poor player in t...