Exchange News The founder saw his net worth decrease from $15.6 billion to $1 billion in a single day. SBF regretted declaring Chapter 11 bankruptcy and would wish he could turn it back. Sam Bankman-F...
Tag: FTX
Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated
A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has...
FTX Collapse: Bankman-Fried Has 2 Golden Chances to Defend Himself
Sam Bankman-Fried, the fallen founder of bankrupt cryptocurrency exchange FTX, is currently one of the world’s most hated people. On social networks many are calling for him to be sent to jail ...
Samsung Investment Arm Got Burnt By FTX Meltdown
Samsung’s investment arm Samsung Next has also suffered from the collapse of FTX. The firm participated in a $420 million funding round of FTX last year. After it invested in the exchange in a funding...
‘Bitcoin Senator’ Lummis: FTX Collapse Shows ‘It’s Time’ for Congress to Learn About Crypto
The collapse of crypto exchange FTX highlights the need for Congress to “learn more” about cryptocurrency, said Sen. Cynthia Lummis (R-WY), known as the “Bitcoin Senator” for h...
FTX Hacker Sent 255 BTC ($4.1 million) to Crypto Alternate OKX
The FTX attack earlier this month was a sad twist in an already tragic story. According to newly obtained evidence, the FTX attacker transmitted $4.1 million in Bitcoin to OKX via ChipMixer. OKX Recei...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
Bankrupt BlockFi Suing FTX Founder Over Robinhood Shares Promised as Collateral: Report
The recently bankrupt crypto lender BlockFi is suing FTX CEO Sam Bankman-Fried to obtain shares of Robinhood he allegedly pledged to the company as collateral earlier this month. The filing, which wa...
Learn from FTX and stop investing in speculation
The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here. FTX was the world’s...
FTX Resumes Post-Bankruptcy Payments to Employees
Defunct cryptocurrency company FTX announced today that it would resume “ordinary course payments” of salary and benefits to employees worldwide and certain non-U.S. contractors. The annou...
Disgraced FTX Founder Says Filing for Bankruptcy Was A Mistake
Sam Bankman-Fried, the disgraced founder of crypto exchange FTX has been making partial appearances on Twitter and shall be supposedly speaking on Wednesday, November 30, in his first public appearanc...
Sam Bankman-Fried first ever interview after FTX collapse
Sam Bankman-Fried is everywhere on the news nowadays. You will always listen and read about him but rarely from him. However, Tiffany Fong, a prominent journalist, had a chance to interview him. The i...
US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse
Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy. In separate let...
Biggest Outflows in 12 Weeks as Investors Cash Out Following FTX Fall
The brutal bear market continues, with crypto investment products last week experiencing their biggest outflows in three months, according to a new report. Digital asset investment firm CoinShares sai...
FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer
Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to ...
Ukraine-based blockchain firm blasts ‘fake news’ for crypto donation rumors amid FTX collapse
A blockchain firm that partnered with the Ukrainian government to launch a donation website amid the country’s war with Russia has pushed back against online rumors and conspiracy theories that its pl...
FTX straight plan was somewhere near to being rubber-stamped: CFTC head
The CFTC was close to making a judgment on a disputed FTX plan. FTX revealed that it wished to permit clients to evaluate and reply to offshoot risks in actual time, but took its plans off that very d...
Serum exchange rendered ‘defunct’ following the collapse of Alameda and FTX
Solana-based decentralized exchange (DEX) Project Serum has notified its community that the collapse of its backers — Alameda and FTX — has rendered it “defunct”. The team behind the project shared th...
Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source
The FTX contagion has just claimed another crypto firm. BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt. In an official announcement, the New ...
Bitcoin Appears Primed For A Super Bullish Turnaround As The FTX Debacle Settles ⋆ ZyCrypto
Advertisement     Bitcoin continued to consolidate Tuesday following a chaotic month characterized by a widespread liquidity crunch fuelled by the collapse of FTX. As ...
FTX Lawyers Tried To Stop SBF Behind Scenes: Internal Document
FTX Sam Bankman-Fried News: The saga around collapse of FTX did not happen overnight but was spread out for close to a week. Much was talked about the liquidity crisis Alameda Research and FTX faced b...
US House Committee to probe FTX collapse on December 13, 2022
Congresswoman Water has announced the date when the House Committee on Financial Services would start investigating the FTX crash. The meeting was scheduled to start by 10 a.m. ET on Tuesday, December...
Solana-based DEX Serum Becomes “Defunct” Amid FTX Collapse
Serum, a decentralized exchange (DEX) built on the Solana mainnet, announced Tuesday that it has become “defunct” due to its ties to the bankrupt crypto derivative exchange FTX. The protocol also stat...
FTX founder manipulated ESG to earn ‘virtue signaling glow’: Palantir co-founder
FTX Founder Sam Bankman-Fried manipulated ESG and woke culture to help his now-bankrupt crypto firm avoid scrutiny from regulators and gain credibility with investors, a venture capitalist told Fox Ne...
Sam Bankman-Fried Addresses Withdrawals, FTX Collapse in Newly Released Audio Interview
“It was a combination of the crash in the spring that took 50% out of asset values, combined with a hyper-correlated crash scenario this month in which simultaneously we saw a 50% decline in rel...
Now-Bust Crypto Exchange FTX Acts For Employees And Contractors
FTX Trading Ltd will resume ordinary course payment. New CEO John Ray III about the recent situation. Australian branch including Sam Bankman-Fried and other executives are not included. The Parent Co...
FTX Shows “It’s Time” for Congress to Learn About…
Senator Cynthia Lummis, known as the “Bitcoin Senator” for her advocacy of the cryptocurrency sector on Capitol Hill has said that the collapse of the crypto exchange FTX highlights the need for Congr...
ERI’s John Shegerian Points to FTX Failure as Prime Example Why Qualified, Ethical Governance is Essential in Business
NEW YORK–(BUSINESS WIRE)–#circulareconomy–In the wake of the massive FTX Crypto collapse, which many experts and analysts are referring to as “the biggest and most far-reaching financial scandal in re...
‘Shrimp’ and ‘Crab’ Bitcoin Balances Hit Record Highs Amid FTX Collapse
So-called Bitcoin (BTC) shrimps, a category of addresses holding less than 1 BTC, have added 96,200 BTC to their collective stashes since FTX exchange’s collapse earlier this month. According to...
FTX fiasco boosts Bitcoin ownership to new highs: Analysts weigh in
The bear market has inspired the little guy to accumulate vast amounts of Bitcoin (BTC). The number of wallets holding 1 BTC or more recently hit new highs, while those with 10 BTC or fewer are settin...
Binance, Coinbase Among Crypto Firms Questioned by US Senator After FTX Mess
“As Congress considers much-needed regulations for the crypto industry, I will focus on the clear need for consumer protections along the lines of the assurances that have long existed for customers o...
Miami Clubs Were Affected By The FTX Bankruptcy Beyond The Crypto Sector
The FTX bankruptcy affected the crypto market and entities that indirectly depend on digital assets. FTX’s downfall effect is crossing the boundaries. Miami nightclubs are one of the best examples of ...