Genesis in Talks Prominent American Crypto brokerage company Genesis is opting to avoid a ‘bank run’ situation after the firm’s creditors are consulting lawyers to avoid insolvency. As per anonymous...
Tag: FTX
FTX Japan to Unfreeze Client Funds and Allow Withdrawals
FTX Japan has announced plans to allow customers to withdraw funds from the exchange soon, meaning they will be among the first to get their money back. FTX investors to have been unable to withdraw t...
CFTC Chair recommends pausing and reinforcing DCCPA bill following FTX turmoil
Rustin Benham, the Chairman of the U.S. Commodities Futures Trading Commission (CFTC), recently testified before the United States Senate Committee on Agriculture, Nutrition, and Forestry. The testimo...
FTX Fraud To Land SBF In Jail Soon?: Justice Department Motion
Sam Bankman-Fried SBF FTX News: Amid demands for thorough investigation into the FTX collapse under Sam Bankman-Fried‘s leadership, the U.S. Department of Justice called for granting such a probe. In ...
Sam Bankman-Fried expresses confusion on FTX US bankruptcy
SBF emphasized that FTX US shouldn’t have declared bankruptcy during the explosive New York Times Dealbook Summit interview on Wednesday. He asserted that FTX US is ‘totally solvent’ and ‘completely f...
BudBlock Is Predicted To Be The Next Bitcoin As FTX Crash Rock Solana
Have you ever imagined any crypto that can replace Bitcoin (BTC)? Of course, that should be a coin with much greater value. At the beginning of the year, most coins were created with the hype to outp...
Maxine Waters Thanks SBF for Being ‘Candid’ About FTX Collapse
House Financial Services Chair Maxine Waters today thanked disgraced FTX founder Sam Bankman-Fried for being “candid” when talking about the bankrupt exchange. Waters (D-CA) also invited Bankman-Fried...
Tether Co-founder Defends USDT Reserve Claims Post FTX Collapse
9 seconds ago | 2 mins read Altcoin News Reeve Collins addressed the claims in an appearance on CNBC’s SquawkBox. Tether has periodic audits conducted for government agencies as per Reeve. The company...
Is Justin Sun Looking to Acquire FTX?
Tron’s executive in the Bahamas- Justin Sun Justin Sun is eyeing FTX assets on a global level. According to the Wall Street Journal, Justin Sun, Founder of Tron and Permanent Representative of Gre...
FTX was the ‘fastest’ corporate failure in US history — Trustee calls for probe
The United States Trustee handling FTX’s bankruptcy proceedings has referred to the now-defunct exchange as the “fastest big corporate failure in American history,” and is calling for an independent p...
Sam Bankman-Fried says he ‘feels bad’ about FTX fiasco during highly anticipated Twitter Space
On Thursday, former FTX CEO Sam Bankman-Fried (SBF) made a long-overdue appearance on Mario Nawfal’s Twitter Space to discuss events surrounding the fall of the crypto exchange. The most anticipated T...
Bitcoin falls 1.4% after US payroll data, FTX Japan works to offer liquidity
The biggest news in the crypto-verse for Dec. 2 includes Bitcoin’s negative 1.4% reaction to the U.S. payroll data, FTX Japan’s efforts to bring liquidity back, and Binance’s $3 million freezing as a ...
Alameda Covered a $1 Billion Loss for FTX in 2021 (Report)
FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021. This news comes amid claims from former FTX CEO Sam Bankman-Fri...
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed – Exchanges Bitcoin News
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bank...
The Block: Former FTX US head Brett Harrison attempts to raise money for new startup: The Information
Former FTX US president Brett Harrison is trying to raise money for a crypto trading software startup for large investors, The Information reported, citing sources. The company aims to make it ...
FTX Crash Could Affect Every F1 Team, Says Mercedes’ Toto Wolff
Toto Wolff – an Austrian billionaire and CEO of the Mercedes-AMG Petronas F1 Team – thinks the collapse of crypto exchange FTX could harm every Formula 1 organization. The trading venue served as one ...
FTX Should Not be Accused for Wild Parties; Report Cites SBF
Sam Bankman was consuming prescribed medicinal drugs- Reports Sam sipped alcohol on his 21 st birthday for the first time. Sam Bankman-Fried refused to comment about drugs and alcohol use at FTX,...
FTX Japan plan to resume customer funds withdrawals approved
FTX Japan is seeking to resume withdrawals after its parent, the defunct FTX exchange, authorized a plan to repay deposits. Users of the collapsed crypto exchange in Japan may be among the first clien...
Shark Tank’s Kevin O’Leary Addresses FTX Partnership, Says Blockchain Will Reveal Truth Behind Collapse
Shark Tank investor Kevin O’Leary is breaking his silence about missing the red flags when it came to doing business with former FTX CEO Sam Bankman-Fried. In a new interview on Stansberry Research, t...
While the FTX Co-Founder Claims He ‘Wasn’t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’ – Bitcoin News
While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous occasions that as far as Alameda Research is concerned, he “wasn’t ru...
Alameda Research Shouldered FTX Loss of Up to $1B Following Client’s Leveraged Trade in 2021: FT
Alameda Research bore the brunt of a $1 billion loss incurred by its affiliated firm FTX after a leveraged trade on the now-bankrupt crypto exchange backfired early last year, the Financial Times repo...
7 Revealing Quotes From SBF’s Absurd Media Tour
Sam Bankman-Fried, who turned from crypto billionaire to villain nearly overnight, sat for back-to-back interviews this week with appearances at the New York Times DealBook symposium and on Good Morni...
Former FTX CEO Sam Bankman-Fried denies ‘improper use’ of customer funds
An interview between the Former FTX CEO Sam Bankman-Fried (SBF) and George Stephanopoulos aired on Good Morning America on Dec. 1. In the interview, SBF was insistent that FTX was not a “Ponzi scheme”...
FTX Japan to Unfreeze Withdrawals of Client Funds
Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary said it is working to make funds available to their customers. FTX as a whole suspend...
Sam Bankman-Fried should bring ‘candid’ FTX discussions to Congress
A key House lawmaker has an idea for the next stop on Sam Bankman-Fried’s apology tour: Capitol Hill. House Financial Services Committee Chair Maxine Waters lauded Bankman-Fried’s “candid” comm...
US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices – Bitcoin News
On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 ba...
We could use crypto regulation after FTX — But let’s start with basic definitions
As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use case...
FTX Contagion May Have ‘Infected’ This Crypto Trading Firm That’s Now Facing A ‘Liquidity Issue’
Sam Bankman-Fried, the former CEO of FTX, may have felt the same sorrow as the thousands of investors who entrusted him with their money, but the misery seems to persist regardless of the excuses he o...
This Huge Investor Also Lost Big When FTX Folded
Join Our Telegram channel to stay up to date on breaking news coverage The world’s largest asset manager, BlackRock, was a huge investor in FTX. BlackRock’s CEO, Larry Fink, has now said that the asse...
Japanese Customers’ Cash and Crypto not Part of FTX Japan’s Estate, Will Resume Withdrawals
The Japanese arm of the troubled cryptocurrency exchange FTX is set to resume customer withdrawals after scoring important clarifications with Japan’s Financial Services Authority. According to a new ...
FTX was the “fastest” company collapse in American history, says U.S. Trustee.
The United States Trustee who is in charge of the bankruptcy case involving FTX has submitted a motion requesting that the court appoint an independent examiner. The United States Trustee who is condu...