The repercussions of FTX’s demise have reached well beyond the crypto world. The United States Democrats and Republicans are entangled in the quagmire. According to recent reports, three leading Democ...
Tag: FTX
FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert – Interview Bitcoin News
The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legit...
Ripple Lawyer Urges FTX Venture Investors To Challenge SEC
Since the arrest of Sam Bankman-Fried (SBF) by the Bahamian Authority, US Watchdogs are pushing very hard to hold him liable for fraud and other conspiracies. However, the US SEC mentions that the SBF...
After FTX Collapse and Fraud, What Should Crypto Fix Next?
Significant collapses within the crypto sector such as FTX have caused a sense of uncertainty regarding crypto’s adoption rate. Despite fraud revelations, cybersecurity is still an important issue tha...
FTX Collapse Highlights Need for Independent Reserve Verification
Binance has ended another week of FUD (fear, uncertainty, doubt) with another report on its proof-of-reserves. But Mazars, the authors of the previous reserves report, has simultaneously distanced its...
Bitcoin: whale boom after FTX crash
The failure of FTX seems to have caused a full-scale whale race to grab Bitcoin and Ethereum. This is shown by CoinGecko’s recent study “How Many Crypto Whales have BTC or ETH On-Chain?” which exhibi...
BNB Prices Slashes by 20%, Will Binance Survive the ‘FUD Attack’ or Will the FTX Fiasco Repeat?
The FTX fiasco does not appear to settle so soon as the aftermaths of the collapse appear pretty huge than expected. It started with Binance letting off all the FTT tokens worth more than $500 million...
Why Grayscale May Be Next In Line After FTX Crash?
Will Clemente, co-founder of crypto analysis firm Reflexivity Research, in a tweet on December 17 revealed that cryptocurrencies related to Barry Silbert’s Digital Currency Group saw massive selloffs ...
Democrats to reportedly return over $1M of SBF’s funding to FTX victims
Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds due to misappropr...
“Audit Is Meaningless”- Michael Burry On Binance And FTX
On Friday, December 16, auditing firm Mazars Group – which submitted the Proof-of-Reserves report for Binance – suspended all ties with crypto firms. The Mazars Group said that they paused the activit...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’ – Coinotizia
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a...
The outcome of SBF’s prosecution could determine how the IRS treats your FTX losses
FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for the exchange’s roughly 1 million ind...
Binance, Alone at the Top After FTX, Stirs ‘Too Big to Fail’ Crypto Worry
(Bloomberg) — Now that Sam Bankman-Fried’s fall from grace is complete, uneasiness is growing around the dominance that his rival Changpeng Zhao’s Binance holds in the cryptocurrency market. Mos...
Riot Games looks to distance itself from Sam Bankman-Fried
He’s been kicked out of the “League.” The maker of Sam Bankman-Fried’s favorite game, League of Legends, wants out of its exclusive sponsorship agreement with the disgra...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’ – Featured Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a...
FTX bankruptcy: crypto addresses on the rise
After FTX’s bankruptcy, the number of crypto addresses reached an annual high of 152,936 on 4 December, an increase of 5,541 BTC whale addresses (+ 3.8%) since the beginning of the year (YTD). This co...
Donald Trump’s ‘Digital Trading Cards’ Sold Out In One Day — Netting $4.4 Million
Topline Former President Donald Trump’s line of digital trading cards sold out in a day, netting millions despite the massive ongoing slump in nonfungible tokens and cryptocurrency and a fair bit of m...
Top Strategist at $285,000,000,000 Asset Management Firm Predicts More Crypto Shakeouts After FTX Collapse
The global chief investment officer of the $285 billion asset management firm Guggenheim Partners is predicting additional crypto fallout following the FTX collapse. In a new interview with Bloomberg ...
Bahamas Corrections Commissioner Says FTX Co-Founder Bankman-Fried Is in ‘Good Spirits’ in the Prison Sick Bay – Bitcoin News
According to local reports, former FTX CEO Sam Bankman-Fried (SBF) is in “good spirits” and is being kept in the maximum security unit in the sick bay. SBF is held in custody at the Bahamas Department...
Shaq becomes latest celebrity to distance himself from FTX, crypto
Former NBA player Shaquille O’Neal is the latest celebrity influencer to turn his back on disgraced crypto exchange FTX. In June, FTX tweeted details of an endorsement with O’Neal, referring to the fo...
Crypto Billionaire Mike Novogratz: Not All Digital Asset Exchanges Are Run by Criminals Like FTX Was
Crypto billionaire Mike Novogratz thinks it’s “really dangerous” to assume all digital asset exchanges are run like the now-imploded FTX. The Galaxy Digital chief executive says in a new interview wit...
Silvergate Bank faces lawsuit over FTX and Alameda dealings
Crypto bank Silvergate has been hit with a class action lawsuit, alleging that it aided and abetted fraud carried out by FTX and its subsidiary Alameda Research. The lawsuit was filed by Joewy Gonzale...
Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project – Market Updates Bitcoin News
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digi...
After FTX, Are Binance’s Days Numbered?
The poison of suspicion is terrible in the cryptocurrency industry. A month after the overnight implosion of the crypto empire of Sam Bankman-Fried, 30, it is another lord of the crypto sphere who is...
FTX and Crypto Bust Show Capitalism’s Limits
We’re all astounded that FTX, now essentially worth nothing, was valued at $32 billion a few months ago, and that lending service Celsius Network clocked in at $3.5 billion before it went under. But w...
FTX, Bahamas liquidators remain at loggerheads over system access
FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets ...
FTX bankruptcy case inches closer to potentially naming creditors
Lawyers for beleaguered crypto exchange FTX did not object to media arguing in the firm’s bankruptcy case, taking a step toward potentially identifying customers tied up in the collapse. Media o...
Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm
“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” Friday morning. CNBC anchors Andrew Ross...
FTX influencers shift blame back onto the crypto exchange
Before it filed for bankruptcy in November, crypto exchange FTX was this year’s largest advertiser among crypto companies. Needless to say, it overspent ⏤ but not before hordes of influencers convince...
Derivatives platform Paradigm lines up new exchange partnerships post-FTX
Paradigm, the crypto derivatives platform, suffered a big hit to trading volumes following the collapse of FTX. Now, the startup is lining up new exchange partners to try to recapture what it lost. &#...