The FTX collapse raises thousands of unanswered questions regarding cryptocurrency; some call this a fraud and others call it a scam but what exactly happened is not clear yet. According to a media ou...
Tag: FTX
CZ Binance on Audits, FTX, the $2.1 Billion SBF Buyout in 2021, and Recent Withdrawal Spree
Changpeng Zhao – CEO Binance – agreed that the collapse of FTX has caused some panic in the space. He also reiterated that the fact that they were audited by a somewhat reputable firm caused others in...
Is Bitcoin Having A Wile E Coyote Moment?
There are a number of companies that seem to be falling dominos after the FTX debacle that, like … [+] Wile E Coyote at the bottom of the canyon, have yet to hit the ground. getty That part in t...
The FTX Meltdown Calls for Higher Standards in Crypto Journalism
Crypto journalists have already had to contend with the most aggressive financial marketing blitz of the last 20 years as startups and incumbents alike tried to capture some of the benefits of the cry...
Incoming FCA Chair Thinks Crypto Firms Like FTX are Deliberately Evasive
“We expect all authorized and registered firms to have appropriate systems and controls to counter the risk of being misused for financial crime. We have seen too many financial crime red flags missed...
Binance CEO brushes off $2.1 billion FTX clawback concerns
Binance chief executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance on S...
Not Every Crypto Exchange is Run Like FTX
– Advertisement – The Galaxy Digital Chief’s recent comments are at variance with emerging concerns of centralized exchanges having the same fate as FTX in the future. Michael Edward Nov...
CFTC Says Bitcoin, Ethereum and Tether Are Commodities in Fraud Complaint Against FTX Founder Sam Bankman-Fried
The U.S. Commodity Futures Trading Commission (CFTC) is listing three crypto assets that it considers to be commodities. In a fraud complaint filed in the United States District Court for the Southern...
Worst Crypto Firm Failures Occured Before FTX, Says Chainalysis
The largest losses due to crypto firm failures this year actually occurred before FTX, according to a recent Chainalysis report. The dramatic development of the FTX scandal dominated headlines, as pol...
Mike Novogratz warns against ‘seeing black swans everywhere’ following FTX crash
With the cryptocurrency industry still feeling the consequences of the collapse of FTX, once one of the largest crypto trading platforms in the world, the CEO of crypto investment firm Galaxy Digital,...
Former FTX spokesman Kevin O’Leary says he believes Binance put FTX ‘out of business intentionally’
Former FTX celebrity spokesman Kevin O’Leary says he believes the bankrupt crypto exchange was toppled on purpose by China-based rival Binance, based on claims made by ousted FTX founder Sam Ban...
GameFi Crypto Unlikely To Feel Regulatory Heat Anytime Soon
Models dress up as anime characters at the Thailand Crypto Expo on May 14, 2022 in Bangkok. Visitors … [+] learn about blockchain and gamefi projects, among other things. (Photo by Lauren DeCicc...
Only 3 FTX Execs Could’ve Sent User Funds to Alameda: Co-CEO
A senior FTX executive blew the whistle on user funds being siphoned to Sam Bankman-Fried’s trading shop Alameda Research, just days before the firms filed for bankruptcy. Ryan Salame, co-CEO of...
FTX Executives Used ‘Korea’ Account to Mask Giant Alameda Liabilities
(Bloomberg) — A GitHub account bearing the name of former FTX executive Nishad Singh authored code that hid Alameda Research’s ballooning liabilities on the now-collapsed cryptocurrency exchange...
Chainalysis data reveals FTX collapse caused $9B in realized losses
FTX’s collapse resulted in around $9 billion in realized losses for crypto investors, according to a Chainalysis report. Chainalysis noted that this loss paled compared to Terra’s UST depeg, which cau...
FTX used ‘weird Korean account’ to mask Alameda liabilities, CFTC says
Former CEO of FTX Sam Bankman-Fried directed company executives to reallocate Alameda Research’s large liability with the exchange to “the weird Korean account” to mask its liability...
FTX collapse triggers regulations and more lay-offs
After the popular cryptocurrency exchange FTX collapsed and initiated the fear of another bear market, the Group of 20 (G20) countries — including 19 countries and the European Union (EU) — have been ...
FTX wasn’t the worst loss for crypto
Chainalysis has found that the crypto sector was hit harder by Terra Luna, and also Celsius/Three Arrows than by FTX. There’s no denying that a series of high profile collapses in crypto over the prev...
Kevin O’Leary Blames Binance For Deliberately Causing FTX Collapse In Senate Testimony
Businesses and governments are still scratching their heads over the sudden collapse of FTX, Sam Bankman-Fried’s crypto empire. The crypto community and regulators are wondering what led to the abrupt...
Court filing reveals FTX co-CEO Ryan Salame blew the whistle
FTX co-CEO Ryan Salame tipped off Bahamian regulators on Nov. 9 that the exchange was sending its customers’ funds to Alameda Research, according to a Dec. 14 court filing. Salame told the Securities ...
Ripple CTO and Deaton Blast Kevin O’Leary For Blaming Binance For FTX Collapse
– Advertisement – O’Leary lays the blame for the FTX collapse on Binance, baffling the crypto community. Shark Tank star and serial investor Kevin O’Leary, AKA Mr. Wonderful, in a senate...
First reported instance of whistleblowing at FTX, and it’s not surprising
The former co-CEO of FTX Digital Markets Ryan Salame had tipped off the Securities Commission of the Bahamas (SCB) on 9 November that FTX was transferring customer funds to its sister trading firm Ala...
Sam Bankman-Fried allegedly diverted FTX investors’ money to political donations through straw Donors
Sam Bankman-Fried has been arrested and accused by federal investigators of spending tens of millions of dollars in illegal political contributions to both Republican and Democratic candidates. These ...
Sam Bankman-Fried allegedly used anti-psychotic medications at FTX
Sam Bankman allegedly used anti-psychotic drugs during his FTX tenure to counter depression. SBF and the untold drug use story Sam Bankman-Fried, the former chairman and founder of FTX, will be held o...
Crypto markets hit harder by Terra, Celsius and 3AC than FTX: Chainalysis
The collapse of the crypto exchange FTX wasn’t the most impactful event for crypto investors this year — at least from a market-wide perspective. That award is shared by the de-pegging of Terra&...
Ripple CTO Slams “Shark Tank” Star Over Stance on FTX
Alex Dovbnya The Ripple executive remains puzzled by Kevin O’Leary’s recent statements about the FTX collapse In a recent tweet, David Schwartz, Ripple’s chief technology officer, to...
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried
According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer ...
Realized losses from FTX collapse peaked at $9B, far below earlier crises
Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major c...
Binance ‘put FTX out of business’ — Kevin O’Leary
The collapse of FTX was triggered by Binance, investor Kevin O’Leary claimed at a Dec. 14 United States Senate committee hearing about the crypto exchange’s meltdown. O’Leary, who wa...
Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It – Featured Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said f...