A new report by the Wall Street Journal claimed that the disgraced founder and former CEO of FTX took over 70% of the funds gathered from a funding round in October last year. He used the Binance buyb...
Tag: FTX
Former FTX CEO Reportedly Pocketed $300M From 2021 Funding
7 seconds ago | 2 mins read Exchange News The report specifies that the money was raised in October 2021. Current CEO John Ray has raised doubts about FTX’s financials. According to the WSJ, FTX’s ex-...
‘The Wolf of Wall Street’ J. Belfort labels FTX a ‘frat house’, says collapse was premeditated
Former stockbroker, commonly known as the “Wolf of Wall Street,” Jordan Belfort, has shared his opinion on the collapse of the FTX crypto exchange and the role played by its founder Sam Bankman-Fried....
Man Group Plans to Bet Big on Crypto Despite Recent FTX Turmoil
Man Group Limited plans to start a crypto hedge fund while the market is yet to heal from the recent FTX turmoil. The recent FTX collapse wiped nearly $200 billion from the crypto markets. The total m...
Snowfall Protocol Holders Are Up 500% And Counting Despite The FTX Token and Solana Crash!
Join Our Telegram channel to stay up to date on breaking news coverage Snowfall Protocol Holders Are Up 500% And Counting Despite The FTX Token and Solana Crash! FTX Token (FTT) and Solana (SOL) holde...
This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?
The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The cryp...
DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX collapse has ...
Vitalik Discusses Ethereum Scalability Sollutions Amid FTX Crisis
Ethereum co founder and CEO Vitalik Buterin in a recent letter proposed the plan of using the ZK-SNark feature to improve the Ethereum network’s scalability. In a letter, he also mentioned Balaji Srin...
They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire
NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask ho...
FTX begins reviewing its assets as part of bankruptcy process
FTX has begun a review of its global assets as part of the crypto exchange’s Chapter 11 bankruptcy protection proceedings with New York-based financial services firm Perella Weinberg Partners L.P. (PW...
FTX Collapse Pushes FINRA To Investigate Crypto Retail Communications
Many reactions have been erupting following the collapse of the FTX crypto exchange. The crypto market is thrown into a devastating state as prices of most assets are declining. Many participants and ...
FTX fallout leaves blood in its wake
Bitcoin (BTC) is the greatest monetary revolution of the modern age. By simply buying and holding Bitcoin, citizens are staging a peaceful protest against the indentured servitude brought on by fiat e...
Two US Senators from Democratic Party Demand Probe of FTX
The Senators said that the public owes complete transparency of the financial activities that led to the collapse of FTX. As the FTX crisis unfolds, US lawmakers are increasing demand a probe into the...
950 FTX Users in Taiwan Had Digital Funds Worth $150 Million Held on the Exchange When It Collapsed – Featured Bitcoin News
At the time of FTX’s collapse, about 950 users in Taiwan had a total of $150 million worth of digital assets stored or held at the crypto exchange, a law firm has reportedly said. FTX users in Taiwan ...
FTX drainer consolidates ether holdings to reach $302 million
The main crypto wallet associated with the FTX drainer, an entity responsible for siphoning funds from the bankrupt crypto exchange, now holds 250,735.1 ether (ETH) worth $302.6 million, according to ...
FTX Hacker Becomes 27th Largest Ethereum Whale
– Advertisement – The primary account involved in the FTX hack now holds over 250K Ethereum (ETH), making it the 27th largest Ethereum whale. Following a series of enigmatic swaps and tr...
Red Flags About FTX Collapse Before The Massacre Happened
The weekend appears to be quite stressful for the entire crypto market mainly due to the FTX crisis. While the global crypto market cap is struggling to recapture the $1 trillion mark, the star crypto...
Ontario Teachers’ Pension Plan Writes Off $95M Exposure to FTX
9 seconds ago | 2 mins read Exchange News Investments are made on behalf of 333,000 active and retired educators via the OTPP. Last Monday, FTX initiated Chapter 11 bankruptcy protection. Canada’s thi...
No Blockchain than Solana has been Hit Harder by the FTX Fallout, Is its End Imminent or Could Make a Comeback?
Over the past 2 years, the Solana network has rapidly risen to be one of the largest blockchains by both market cap and usage. The growth was largely driven by Sam Bankman-Fried who was both a massive...
Bahamas Liquidators Discover Possibilities Of Fraud From FTX
Still, on the ongoing FTX fiasco, the embattled crypto exchange has got it hot from all corners. On one side is the intensive investigation by the regulators, then legal actions from creditors. A few ...
NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?
It’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids the temptation to summarize the whole saga a...
Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis
Bitcoin (BTC) saw a fresh rejection at $17,000 on Nov. 18 as nervous markets weathered more FTX fallout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC gets a $12,000 price target Dat...
Bitstamp Follows Other Exchanges in Canceling Orders for FTX and Celsius Tokens
Bitstamp is set to disable new orders and cancel existing orders for all FTT and CEL trading pairs, it announced on Friday. FTT is the proprietary exchange token of FTX, which offered customers small ...
US subcommittee chairman requests FTX information.
The head of a House subcommittee in the United States has put pressure on both the previous and present CEOs of the defunct FTX cryptocurrency exchange, demanding that they provide documentation perta...
Grayscale’s Bitcoin Trust Hits Record-Low 43% Discount After FTX Crisis
Grayscale’s Bitcoin Trust (GBTC) hit a new record low discount to the price of Bitcoin barely a week after setting its last. As of Friday morning, the Bitcoin-tracking investment vehicle is trading at...
FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong
In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency retail services in Hong Kong, announced it will ...
Twitter Conflict Lead Paul Weiss to Fire Former FTX CEO Bankman-Fried
Paul Weiss’s counsel Martin Flumenbaum no longer defending Sam Bankman-Fried. David Mills will now serve as Sam Bankman-Fried’s representative. Sam Bankman-Fried, the former CEO of the bankrupt crypto...
Here Are the Sports Marketing Deals Crumbling Along With FTX
In brief Following FTX’s bankruptcy filing, many of the sports teams and leagues that it sponsored are suspending their deals. FTX signed a wide array of sports marketing deals in 2021 and 2022, agree...
How FTX acquired its position as the “most regulated” cryptocurrency exchange
Join Our Telegram channel to stay up to date on breaking news coverage Before it failed this month, FTX distinguished itself from a number of competitors in the highly unregulated crypto business by c...
FTX Bankruptcy Jurisdiction Fight: Bahamas Regulators Now Confirm They Directed SBF to Move Assets
At least some of the millions of dollars in FTX customer funds mysteriously moved off the exchange last week were moved at the direction of regulators in the Bahamas. That assertion was made in a new ...
FTX meltdown triggers FINRA into probing crypto comms
The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and service...