FTX CEO John Ray III Dec. 13 testimony to the U.S. Congress revealed that the bankrupt exchange commingled assets and stored wallets’ private keys without encryption. According to Ray, FTX’s collapse ...
Tag: FTX
Now that former FTX CEO Sam Bankman-Fried is arrested, this is what you can expect
Sam Bankman-Fried arrested on 13 December A federal investigation will probe the allegations against SBF The United States Attorney’s Office for the Southern District of New York announced that Bahami...
FTX Founders SBF Might Skip U.S. Hearing Following His Arrest
Sam Bankman Fried, the disgraced founder of crypto exchange FTX, was arrested on Monday evening as the U.S. government filed for criminal indictment. The arrest took place just a day before SBF’s sche...
FTX Founder SBF Arrested As U.S. Files Criminal Charges
A day before the disgraced FTX founder was scheduled to appear before the U.S. Congress, the Bahamas authorities arrested Sam Bankman-Fried as the U.S. government filed for criminal indictment. In a s...
FTX CEO John J. Ray Blasts SBF Ahead Of Congressional Hearing
John J. Ray III, the official who is responsible for reorganizing the fallen cryptocurrency behemoth FTX informed lawmakers that the catastrophic collapse of the company was due to failings on the par...
FTX executives spent $256 million on Bahamas real estate
The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers s...
FTX founder Sam Bankman-Fried arrested, set to be extradited to US
Sam Bankman-Fried has been arrested by authorities in the Bahamas at the request of the U.S. government, just a day before the disgraced former FTX CEO was due to testify before Congress. Bankman-Frie...
End Of The Road: FTX Former CEO Sam Bankman-Fried Collared In The Bahamas
After the anticipation, drama and conspiracy theories, Sam Bankman-Fried – the former chief executive and founder of the fallen crypto exchange FTX – is finally arrested, multiple news outlets reporte...
FTX Founder Sam Bankman-Fried Arrested, Bahamas Says
“As a result of the notification received and the material provided therewith, it was deemed appropriate for the Attorney General to seek SBF’s arrest and hold him in custody pursuant to our nat...
Sam Bankman-Fried, the founder of FTX, arrested in the Bahamas after the US files criminal charges
Join Our Telegram channel to stay up to date on breaking news coverage Sam Bankman-Fried, the founder of FTX, was detained by Bahamian authorities on Monday night after the Southern District of New Yo...
SBF Blames FTX Bankruptcy Decision On ‘Pressure And Stress’
SBF FTX News: Sam Bankman-Fried is blaming the ‘hurried’ decision to file for bankruptcy on pressure from various people. While he had already said he was not really in favor of filing for bankruptcy,...
FTX was an ‘utter failure of corporate controls at every level of an organization’, says new CEO
John Ray, who took over as CEO of crypto exchange FTX amid bankruptcy proceedings, has provided detailed written testimony ahead of his Dec. 13 appearance before the United States House Financial Serv...
FTX debtors attempt to seal corporate identities to obfuscate bankruptcy proceedings
According to documents filed on Dec. 12, the Debtors of FTX are attempting to obfuscate the bankruptcy hearing by continuing to insist all individual and corporate client identities are sealed unless ...
Is FTX Founder Trying To Escape Arrest With Virtual Testimony?
Sam Bankman-Fried, the founder and former CEO of FTX, is scheduled to testify in front of a House committee in the United States on Tuesday, as regulators investigate his role in the aftermath of the ...
Sam Bankman-Fried Wants to Start New Business to Repay FTX Users — ‘I’m Going to Try if I Can’ – Featured Bitcoin News
Former FTX CEO Sam Bankman-Fried (SBF) has revealed that he wants to start another business in the hope of earning money to repay FTX customers. “I would give anything to be able to do that. And I’m g...
Bahamas Told Bankman-Fried to Mint New Crypto as FTX Collapsed, Lawyers Say
(Bloomberg) — Bahamas government officials worked closely with Sam Bankman-Fried and tried to help him regain access to key computer systems of bankrupt FTX Trading, lawyers for FTX said in a co...
Former FTX CEO Sam Bankman-Fried Arrested!
Crypto Live News Author: Delma Wilson Dec 13, 2022 7:53 Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play ...
Sam Bankman-Fried Blames CZ For The FTX Collapse
Every day, the crypto ecosystem finds evidence of unethical practices by Sam Bankman-Fried. However, the former CEO of FTX and Alameda Research denies his responsibility for the sudden failure of his ...
Disgraced FTX Founder Sam Bankman-Fried Is Now Under Arrest, Expected to Face Charges in the US
Crypto outcast Sam Bankman-Fried has been arrested by authorities in the Bahamas on behalf of the US. The move is the first signal that the founder of crypto exchange FTX will face criminal charges fo...
5 things FTX did with its money, according to its new CEO
Ahead of Tuesday’s U.S. House Financial Services Committee hearing on FTX, John Jay Ray III, FTX’s new CEO since bankruptcy, filed written testimony which outlines several “unaccepta...
Goldman Sachs Explains How to Regulate Crypto After FTX
Goldman Sachs published a research note on Friday covering blockchain technology and the recent demise of the crypto exchange FTX. The investment banking giant believes regulation is “needed at the po...
Sam Bankman-Fried arrested in the Bahamas
Sam Bankman-Fried was detained in The Bahamas, according to a statement from the Office of the Attorney General & Ministry of Legal Affairs that was distributed by local press. The arrest fo...
SBF admits responsibility for FTX failure in Twitter space but remains vague on details
FTX co-founder Sam-Bankman Fried gave ambiguous answers to questions about the mixing of user funds, investing in The Block, and more during a recent Twitter space hosted by Autism Capital. In respons...
Bahamas regulators investigate FTX client withdrawals: Bloomberg
Whether or not FTX executives played a role in client withdrawals that took place after the exchange saw its assets frozen is now under investigation by Bahamian authorities, Bloomberg News reported, ...
FTX Founder Blames ‘Bad Legal Advice’ For Crypto Firm’s Bankruptcy
Topline Sam Bankman-Fried insinuated law firms looking for a massive payday contributed to cryptocurrency exchange FTX’s decision to file for bankruptcy last month, during a Monday morning interview w...
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to Congress
FTX CEO John Ray refuted Sam Bankman-Fried’s contention that FTX US has enough segregated funds on hand to re-open user withdrawals. The CEO laid out the core structural flaws that led to ...
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed – Coinotizia
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during t...
Solana Foundation Invested in FTX Causing SOL to drop while DEX cryptos on Toon Swap rise
On Monday, the Solana Foundation explained that it has 3.24 million common stock shares in Sam Bankman-Fried’s crypto exchange, which recently declared bankruptcy, as well as tens of millions of dolla...
NYC mayor stands by Bitcoin pledge amid bear market, FTX: Report
Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022. According to ...
New FTX CEO Says Exchange Commingled Assets in Congressional Testimony
FTX’s newly appointed CEO John Ray acknowledges the exchange commingled assets in Congressional testimony set to be delivered Tuesday. “Some of the unacceptable management practices at the FTX G...
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed – Defi Bitcoin News
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during t...