But blockchain firm Ripple’s Chief Technology Officer, David Schwartz, weighed in on Sam Bankman-Fried’s sympathizers but also went on to detail what went wrong with the company. Ripple CTO’s Take on ...
Tag: FTX
SBF tried to destabilize crypto market to save FTX: Report
Tether executives and Binance CEO Changpeng “CZ” Zhao worried that Sam Bankman-Fried (SBF), former FTX CEO, was attempting to destabilize the crypto market aiming to save the now-bankrupt exchange, ac...
Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg
Former Alameda Research head Caroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of the FTX e...
Analyzing the WBTC FUD after the FTX collapse and its depeg
Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. This allows it to be used in Ethereum-based decentralized finance (DeFi) applications. WBTC is bac...
FalconX has 18% of its Funds Locked in Bankrupt FTX
Leading crypto brokerage firm FalconX revealed that roughly 18% of its funds are stuck on the bankrupt crypto exchange FTX. According to the firm’s December 8 press statement, its financial position r...
The Weekend Shift: FTX, Miners, Twitter Files
Welcome to the 97th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write ab...
CEO of Crypto News Platform ‘The Block’ Resigns Post FTX Link
10 seconds ago | 2 mins read Bitcoin News By April 2021, The Block had supposedly severed ties with outside investors. The company expects to bring in roughly $20 million in income this year. The CEO ...
FTX, its customer database, and what this latest motion has to do with both
Bahamian attorneys requested access to FTX’s customer database The disputed addresses on the database are hosted by Google and Amazon’s cloud services As per a CNBC report on 9 December, Bahamian atto...
Bear Market, Luna Crash, FTX Meltdown: How it Impacted Crypto’s Public Perception (Survey)
A recent study conducted by CNBC estimated that only 8% of American participants currently have a favorable view of cryptocurrencies. Those who supported the asset class in March 2022 were 19%. The ma...
Why Did FTX Collapse? Ripple CTO David Schwartz Lays Out The Reasons
Cryptocurrency investors have had a rough 2022, what with Bitcoin’s terrible price drop and Luna’s tragic end. The recent crash of FTX, a prominent exchange for trading digital currencies, has unfortu...
ARK Invest’s Cathie Wood Predicts FTX Implosion Will Massively Boost One Crypto Sector
ARK Invest founder and CEO Cathie Wood is predicting that the high-profile implosion of FTX will be a boon for one crypto sector. Wood says in a Yahoo! Finance interview that the collapse of FTX and o...
US Probes FTX Founder for Fraud, Examines Cash Flows to Bahamas
(Bloomberg) — US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse of cryptocurrency giant FTX, are scrutinizing how fun...
Crypto news platform The Block was secretly funded by FTX
It’s come to light that leading crypto news platform The Block was secretly funded by Sam Bankman-Fried’s FTX for more than a year. For a crypto news platform that led the industry with transparency a...
U.S. prosecutors probing FTX founder Sam Bankman-Fried in potential fraud case: Bloomberg
U.S. prosecutors are probing Sam Bankman-Fried, the disgraced founder of now-bankrupt crypto group FTX, for a potential fraud case against him, Bloomberg reported Friday, citing a person familiar with...
The Block CEO Resigns After Ties With FTX Come To Light
The crypto market is struggling to get out of a bearish period mainly caused by the collapse of FTX. Yet, the infamous crypto exchange continues to bring down companies and prominent crypto personalit...
Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX – Featured Bitcoin News
After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agr...
An Obscure Bank Found Its Key to Success. Then FTX Collapsed
(Bloomberg) — Silvergate Capital Corp. was dealing with the same problem many small US banks face: How do you differentiate yourself when larger competitors do everything you do, only better? Mo...
US DOJ reportedly investigating FTX CEO for siphoning funds out of the US
While many crypto fraudsters were able to slip through the cracks in the past, the same does not hold for FTX CEO Sam Bankman-Fried (SBF). Running parallel to the ongoing scrutiny related to FTX fraud...
FalconX Admits That 18% Of Its Funds Are Blocked on FTX
Exchange News FalconX states that the 18% ratio fell within its “counterparty exposure limits.” FalconX indicated that it had no exposure to Genesis, Alameda, or BlockFi. FalconX, a cryptocurrency tra...
FTX Founder Sam Bankman-Fried Illegally Moved Millions During Bankruptcy
U.S. federal prosecutors investigating the collapse of crypto exchange FTX and its relation with hedge fund Alameda Research are now probing how funds held by the crypto exchange moved out of the U.S....
Bahamian attorneys pursue access to FTX data of international customers
Authorities across the globe are fighting against time to bring justice to the millions of people impacted by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the ongoing invest...
Who’s expected to testify before Congressional hearings on FTX?
United States lawmakers have been pushing for certain witnesses — including Sam Bankman-Fried — to appear before committee hearings scheduled in December. Who should the crypto space expect to see tes...
FalconX says exposure to FTX represented 18% of its ‘unencumbered cash equivalents’
Cryptocurrency trading company FalconX has disclosed that it suffered losses in the collapse of FTX. According to the company, its assets locked on FTX represent only 18% of its “unencumbered cash eq...
SBF ‘willing’ to testify at House hearing on the FTX collapse
Former FTX CEO Sam Bankman-Fried has indicated that he’s willing to testify at a United States House hearing into the collapse of cryptocurrency exchange FTX. Bankman-Fried controversially missed the ...
This is the Most Diabolical Thing About FTX and SBF According to Michael Saylor
MicroStrategy Executive Chairman Michael Saylor spoke on Tuesday about the layers of evil and mismanagement behind FTX’s collapse last month. The executive accused the exchange’s former CEO, Sam Bank...
Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days – Market Updates Bitcoin News
The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also manage...
FTX reportedly gets 3 more months to stop all operations in Japan
The Japanese subsidiary of the now-defunct cryptocurrency exchange FTX has received approval from local regulators to continue sorting out issues with withdrawals until next year. The Kanto Local Fina...
Genesis Block customer funds sent directly to Alameda accounts before FTX fall out
There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg re...
Crypto Brokerage FalconX Discloses It Has Funds Stuck on FTX
Institutional crypto trading platform FalconX disclosed in a company blog post today that 18% of its “unencumbered cash equivalents” remain locked on FTX. In the event of a worst case scen...
Congressional committee confirms SBF as FTX hearing witness
Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U.S. House of Representatives Committee on Financial Services confirmed. &#...
FT, Bloomberg, NYT and WSJ file suit to make FTX creditors public
The Financial Times, The Wall Street Journal, The New York Times and Bloomberg have filed a suit seeking to unseal who the creditors of the collapsed crypto exchange FTX are. The news organizations wa...
FTX Collapse Made Spokesperson Kevin O’Leary Lost $15 Million
FTX crash is troubling dozens of its promoters. FTX was the third biggest crypto exchange in the crypto sector. The globally popular cryptocurrency exchange failures have scared crypto users, invest...