Maple Finance has cut ties with Orthogonal Trading after it said the company was “operating while effectively insolvent” and accrued liabilities of more than $30 million. Orthogonal Trading had ...
Tag: FTX
Choose Your Investment Guru Wisely
If you want to learn how to play tennis, it makes more sense to take the Masterclass from Serena Williams than to watch a random infomercial or a video from your high school coach. If you want to lear...
FTX US insurer Relm ‘confident’ it will remain ‘well-capitalized’
FTX US’s insurance company Relm is “well-capitalized to serve the needs of the industry” following the implosion of FTX Trading, CEO Joseph Ziolkowski said. “On the asset...
Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX Crash
The Bitcoin Hash Ribbon metric had a good run when it came down to signal a buying opportunity. However, the recent downturn of the market, induced by the FTX crash, has changed the tides. As explaine...
Bermuda-based insurer Relm distances itself from FTX fallout
Relm Insurance, a subsidiary of the Deltec International Group, the parent company of Deltec Bank & Trust, has issued a statement attempting to distance itself from the fallout from FTX and Alamed...
Coinbase CEO Questions Former FTX CEO’s Claim of Losing $8 Billion In Accounting Error
The former FTX CEO transferred some of the customer funds to Alameda Research. Coinbase’s stock has been trading at $369 (USD) for the past few weeks. Coinbase Wallet partnered with Transak to keep cr...
Bybit, Swyftx join layoff spree following FTX collapse
Crypto exchanges Bybit and Swyftx have moved to execute their second round of layoffs in preparation for a worsening bear market, fueled by the FTX collapse. Bybit CEO Ben Zhou said the staff cuts wil...
The latest news about the collapse of FTX
It has been about 4 weeks now since the news broke about the collapse of FTX, one of the most popular exchange platforms around. The event triggered a domino effect involving multiple companies in the...
Bankman-Fried Puts Off House Testimony on FTX
Former FTX CEO and founder Sam Bankman-Fried (SBF) said Sunday he would be willing to testify before congress, but would need to finish learning about the implosion of his crypto empire before he comm...
Swyftx lays off 40% of staff, CEO blames FTX fallout
Australian cryptocurrency exchange Swyftx has announced it will lay off 40% of its workforce, or about 90 staff members, as a result of a worsening downturn in digital asset markets following the demi...
The FTX Saga & How SBF Messed Up Risk Management
The market is still trying to bounce back from the demise of FTX and its venture arm, Alameda Research. Sam Bankman-Fried, like Do Kwon, is unlikely to face serious consequences. At least for now. Aft...
Documents reveal Alameda Research bought FTX stake from Binance
The 2021 sale of FTX equity owned by Binance in exchange for FTX Token (FTT) and BUSD was purchased by Alameda Research, according to documents distributed as part of the Series B-1 that Protos review...
Coinbase CEO Criticizes FTX’ Former CEO ’SBF’ Over $8B Hole
11 seconds ago | 2 mins read Exchange News $10 billion in client assets had been inappropriately moved to Alameda Research. New CEO Jhas labeled FTX as a corporation with inadequate corporate governan...
Sam Bankman-Fried takes aim at FTX CEO John Ray in new interview
Sam Bankman-Fried is picking a fight with the new CEO of FTX, the crypto exchange he co-founded. The exiled former exchange boss claims FTX CEO John J. Ray III has been icing him out since he to...
Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse
Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coi...
2-hour sit-down with Sam Bankman-Fried on the FTX scandal
Episode 121 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro, and Sam Bankman-Fried, Co-Founder of FTX and Alameda Research. Listen below, and subscribe to Th...
Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse
The value of Bitcoin (BTC) is being touted to drop as low as $5,000 in 2023 according to Standard’s Chartered global research head and chief strategist. As initially reported by Bloomberg, a note to i...
Jim Cramer Calls FTX Co-Founder Sam Bankman-Fried a Pathological Liar, Conman, and Clueless Idiot – Featured Bitcoin News
The host of Mad Money, Jim Cramer, says former FTX CEO Sam Bankman-Fried (SBF) is a pathological liar and a conman. “That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing,” Cr...
Survey reveals anticipation of Bitcoin’s future price at low after FTX collapse
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Alameda Research CEO Caroline Ellison Reportedly Spotted at a Coffee Shop in Manhattan With FTX Dog ‘Gopher’ – Bitcoin News
On Dec. 4, 2022, the Twitter account and citizen journalist called Autism Capital shared two pictures of a woman that closely resembles the Alameda Research CEO, Caroline Ellison. The pictures were ta...
FTX US Acquired LedgerX is UP for Sale, Find Here The Details
According to the report, FTX US acquired LedgerX is all-set for sale. The firm is one of few solvent pieces of FTX, and as per the report there are at least 10-firms which have shown interest in buyin...
Coinbase CEO Rejects FTX ‘Accounting Error,’ Says Funds Were Obviously ‘Stolen’
Coinbase Chief Executive Brian Armstrong on Saturday condemned Sam Bankman-Fried’s account of how FTX found itself in an $8 billion hole. Armstrong said there is no way billions of dollars could have ...
FTX’ SBF Donated More Than $1B to Democrats as per Elon Musk
53 seconds ago | 2 mins read Exchange News Previously, SBF has acknowledged making secret contributions to the Democrats. The community publicly rejects sponsored narratives that present SBF in good ...
The FTX Crisis Brought Investors To Decentralized Exchanges. Here’s Why They Might Leave.
Andrew Ross Sorkin and Sam Bankman-Fried on stage at the 2022 New York Times DealBook on November … [+] 30, 2022 in New York City. (Photo by Thos Robinson/Getty Images for The New York Times) Ge...
How Wide Does FTX Contagion Spread? The Affected Companies So Far
The collapse of the cryptocurrency exchange FTX will go down as one of the darkest moments in crypto’s history. The company experienced severe liquidity issues in November and couldn’t honor the withd...
Regulators face public ire after FTX collapse, experts call for coordination
2022 is nearing an end and might go down as one of the most eventful years for the crypto industry owing to the prolonged winter that had wiped more than 70% of the market cap from the top and the bar...
SBF Concedes Alameda Enjoyed Special Privileges With FTX
Sam Bankman-Fried said he could not explain how billions of customer funds were missing at Alameda. SBF added that customer funds deposited into FTX might have been lent to the crypto trading firm. Ac...
Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review – The Weekly Bitcoin News
Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Put...
How did the FTX collapse impact the Web3 gaming industry?
The FTX collapse impacted the whole crypto ecosystem, but this might have been deeply felt in Web3 gaming because of the ties between Solana and FTX. Some believe the collapse will bring more attentio...
“FTX Was Centralized Around One Person”
Alex Dovbnya Prominent venture capitalist Tim Draper has downplayed the significance of the FTX-induced crisis for the future of Bitcoin Prominent venture capitalist Tim Draper has downplayed the sign...
Former FTX US Head Is Raising Money for Crypto Startup
(Bloomberg) — Former FTX US President Brett Harrison is raising money for a crypto startup, according to people familiar with the matter. Most Read from Bloomberg Harrison has been seeking fundi...
Alameda Rescued FTX, Covering $1 Billion Trade Loss in 2021
The crash of FTX left the market in disarray after it halted withdrawals and filed for bankruptcy. Apart from FTX, other firms also filed for bankruptcy due to the loss of funds in the exchange. Durin...