(Bloomberg) — Top partners at the powerful venture capital firm Sequoia Capital apologized to their investors in a conference call Tuesday for backing FTX, a pair of bankrupt cryptocurrency exch...
Tag: FTX
Bitcoin remains vulnerable near $16k amid FTX contagion
Bitcoin (BTC/USD) traded above $16,000 on Wednesday morning, rising by about 3.2% at the time of writing to hover just above $16,500. Despite the upside, the flagship cryptocurrency remains vulnerable...
Bankman-Fried Says Collateral Crashed by $51 Billion as FTX Fell
(Bloomberg) — Sam Bankman-Fried, disgraced founder of the now collapsed crypto exchange FTX and trading house Alameda Research, apologized to staff in a letter that outlined a crash in “collater...
Kroll compiles docket filed in FTX Bankruptcy proceedings – crypto.news
FTX have shared the dockets presented on their bankruptcy proceedings earlier today on the Kroll webpage. Additionally, the fallen crypto exchange plans to crowdsource all of the due diligence and rel...
Galaxy Digital CEO slams FTX founder for running around the Bahamas committing fraud
CEO of crypto investment firm Galaxy Digital, Mike Novogratz, has questioned the current freedom enjoyed by FTX cryptocurrency exchange founder Sam Bankman-Fried despite fraud allegations facing him. ...
Dodging Worst of FTX, Arca Won’t Stay ‘Stagnant’
In a yo-yo of a year for digital asset investment managers, Arca has largely held its ground. The hedge and venture fund firm, in fact, is in the middle of finalizing a Series B round, acc...
FTX Run by ‘Inexperienced, Unsophisticated’ Traders, Court Hears
Lawyers managing the FTX bankruptcy likened the firm to a “personal fiefdom” of former CEO Sam Bankman-Fried in Delaware court on Tuesday. In the first hearing of what’s set to be a sprawling case, la...
InsurAce to pay out on FTX claims, launches crypto deposit insurance to protect CEX users – SlateCast #35
DeFi insurance platform InsurAce is launching a new crypto deposit insurance program titled ‘Crypto Deposit Insurance Scheme’ (CDIS.) The product is hitting the market partly in response to the issues...
FTX Collapse Is ‘Not a Crypto Failure,’ Says Minnesota Rep. Tom Emmer
Minnesota Representative Tom Emmer took both former FTX CEO Bankman-Fried and Securities and Exchange Commission chair Gary Gensler to task for the collapse of FTX and the resulting fallout. “Th...
FTX Collapse: ‘Emperor’ Bankman-Fried Had No Clothes
A face of the regime of Sam Bankman-Fried, the founder of FTX, was revealed on November 22 during the firm’s first hearing in Delaware bankruptcy court. The 30-year-old former trader was virtua...
Decoding SBF’s letter to FTX employees
Nearly two weeks after FTX’s bankruptcy declaration, the former CEO Sam Bankman-Fried (SBF) has compiled another letter to the employees of the now-defunct crypto exchange. Bankman-Fried apologized fo...
Bitcoin, ether, altcoins, crypto stocks are all buzzing pre-market ahead of Fed minutes
Altcoins led a rally across crypto asset prices, with some adding double-digit gains. Binance’s BNB rose 13%, and Litecoin’s LTC was up over 15%. Bitcoin rose 3.2% over the past 24...
US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse
U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Bu...
Analyst Predicts Aftermath for Solana, Serum, Sushi and FTT Following Downfall of FTX and Sam Bankman-Fried
A popular crypto analyst is laying out his predictions for Solana (SOL) and a handful of other altcoins after this month’s digital asset market fallout. The pseudonymous trader Altcoin Psycho tells hi...
Streaming Giants Fight to Get FTX Saga Movie Rights
Amazon Studios, Apple, and Netflix are all vying to get the film and TV rights to a Michael Lewis book on the FTX collapse. Apple is reportedly close to sealing the deal. American author and financial...
Coinbase CEO Discloses $39.9B Bitcoin Holdings Post FTX Fall
2 hours ago | 2 mins read Exchange News Using Twitter, Coinbase’s CEO announced the Bitcoin holdings. As a direct result of FTX’s demise, several platforms have increased their openness. Coinbase CEO ...
FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation
The FTX debacle is reverberating through the crypto industry and finance in general. The collapse of this crypto exchange, which in February was valued at $32 billion, shocked everyone. FTX filed for...
Bankman-Fried explains why FTX collapsed in new letter to employees
FTX founder Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. The letter, sent Tuesday and reviewed by The Block, says that a se...
Onchain Data Shows FTX Collapse Was ‘Inevitable’: Report
Fallen crypto exchange FTX was quite likely doomed months ago once crypto project Terra went up in flames, according to Glassnode. In its latest report, the blockchain data firm said that FTX’s digit...
‘Maybe Still a Chance to Save FTX’
Former FTX CEO Sam Bankman-Fried (SBF) recently sent a letter to company employees. In addition to the usual string of apologies, he said that there might be a chance to save the company. On Nov. 23, ...
FTX Japan Says Client Funds Withdrawal Possible Before 2022 Ends
Yes, there is still hope for clients of FTX Japan to pull their money out of the crypto exchange and be merry this Christmas. Clients of the Japanese subsidiary of the collapsed FTX cryptocurrency exc...
FTX Lawyer Claims Substantial Assets Stolen or Missing During Hearing
10 seconds ago | 2 mins read Exchange News The attorney indicated that the FTX collapse occurred extremely suddenly. Bromley said that there are still around 260 people working at the crypto exchange....
Hoskinson Says VCs Would Rather Invest in FTX and Terra Than Cardano
– Advertisement – Hoskinson says VCs prefer to deploy capital into FTX and Terra than Cardano. It is common knowledge that Cardano has not received much Venture Capitalists (VCs) support l...
Bitcoin, crypto rise as FTX contagion fears ease
Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins, as the market shook off li...
As Hong Kong Prepares For The New Virtual Assets Era, It Must Embrace Innovative Dispute Resolution
GETTY IMAGES Throughout the course of history, the world has seen a number of extinction events. The last of them, the Cretaceous-Paleogene extinction, or K-Pg event, wiped out the dinosaurs and led t...
FTX Bankruptcy Hearing: Bahamas Liquidators Transfer Case to Delaware, Creditor Names Remain Redacted
The judge overseeing the bankruptcy case of fallen crypto exchange FTX today agreed to continue bankruptcy proceedings in Delaware and keep the names and addresses of the top 50 creditors—owed approxi...
Chainlink: How the FTX crash turned out to be a silver lining for LINK
Chainlink gained from the FTX crash as its address activity surges, hitting a one-year high Transactions involving LINK might have taken a back seat with its price in the midst of a decrease or a furt...
MAS Explains Reasons for Not Alerting Local Users About FTX
The Monetary Authority of Singapore stated that there was no reason to caution investors against FTX crypto exchange as it did with Binance because the former did not actively solicit users in Singapo...
Tron’s Justin Sun Joins Ripple in Eyeing FTX Assets
Alex Dovbnya Tron’s Justin Sun is interested in acquiring the assets of the failed FTX exchange Tron founder Justin Sun is interested in buying the assets of failed cryptocurrency exchange FTX, ...
Are Tom Brady and Larry David Liable for the FTX Disaster?
Just months ago, FTX looked unstoppable. The crypto exchange was actively courting the highest echelons of Washington’s elite, its wunderkind CEO graced magazine cover after magazine cover, and A-list...
Elon Musk Comments on What Truly Made FTX Fail
Elon Musk, the CEO of Tesla, responded in a tweet to a WSJ piece that attributed the FTX collapse to founder Sam Bankman -Fried’s supporters losing confidence in him. Yeah umm … that is definite...