Rumors and speculations surrounding former FTX CEO Sam Bankman-Fried (SBF) continue to bombard the crypto community as the effects of the FTX collapse proceeds to be felt throughout the crypto space. ...
Tag: FTX
FTX Catastrophe Likely Triggered By Terra Collapse: Nansen
Blockchain analytics firm Nansen says that there was never a clear delineation between FTX and Alameda Research, and that FTX’s strategy for keeping Alameda afloat started to come apart around t...
Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?
Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried...
Solana Loses $1 Billion In USDT to Ethereum Due To FTX Collapse
A $1 billion chain transfer to convert USDT from the Solana blockchain to the Ethereum blockchain was just announced by stablecoin issuer Tether. During this process, Tether noted that there won’t be ...
Does Bitcoin Have Further To Fall? Watch This Pattern
Several weeks ago, I wrote about a chart pattern forming in BitcoinBTC and other cryptocurrencies that indicated that a sharp move was likely ahead. Since then, Bitcoin has fallen sharply after the FT...
FTX executives bought luxury houses using user funds – crypto.news
According to a recent bankruptcy filing originally made public by CNBC, FTX’s corporate funds were used to buy properties in the Bahamas and other personal assets. Less than a week after the now-infam...
Ontario Teachers’ Pension Plan Writes Down $95M FTX Investment
The Ontario Teachers’ Pension Plan has written down its 95 million FTX Investment after the exchange collapsed amid a liquidity crisis. In a statement, the fund revealed ownership of 0.4% in FTX.com a...
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’ – Featured Bitcoin News
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conduc...
UK Lawmakers Don’t Buy Binance’s Evidence on FTX Collapse
U.K. lawmakers today said Binance’s submitted evidence on the collapse of FTX wasn’t sufficient. The U.K.’s Parliamentary Treasury Committee asked crypto exchange Binance for internal correspondence ...
Australia is Re-designing Crypto Rules After FTX Bankruptcy Filing
Custody remains one of the largest issues facing the growing number of crypto investors and businesses in Australia. The country is working to become a global leader for crypto exchanges and seek to p...
Singapore’s Deputy PM reiterates decision to restrict crypto-speculation thanks to FTX
The downfall of FTX continues to make waves throughout the industry, sending wake-up calls to regulators and politicians alike. Those against crypto have found a new reason to continue opposing this n...
FTX names Kroll as claims agent, to update users on bankruptcy developments
Bankrupt crypto exchange FTX has appointed restructuring administration firm Kroll as its agent to track all claims against FTX and ensure interested parties are notified of developments throughout it...
CEO and Founder of Coinbase Bullish Despite Rival FTX Fall
Exchange News Coinbase CEO Armstrong referred FTX former CEO as “one bad actor.” The head of Coinbase has also called for clearer regulations. CEO and founder of Coinbase, Brian Armstrong, has spoken ...
FTX lent BlockFi $250 million in FTT – crypto.news
Bankrupt Crypto Exchange FTX has revealed in its first-day Declaration a loan of about $250 million FTT awarded to BlockFi, a popular US crypto lending platform. According to the report published yes...
FTX Isn’t Sure How Much Money It Has or How Many People It Employs: CEO John J. Ray
FTX doesn’t know exactly how much cash it has and still hasn’t produced a complete list of employees, according to a 30-page affidavit from FTX Group CEO John J. Ray on Thursday morning. But Ray has ...
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new record discount of 43% relative to the price of the underlying bitcoin (BTC). Crypto...
FTX will be the last giant to fall this cycle: Hedge fund co-founder
While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cyc...
New FTX management indicates SBF transferred assets to Bahamas post Bankruptcy
FTX filed for bankruptcy on November 11th. It is headquartered in the Bahamas and registered elsewhere. FTX’s new CEO has experience in restructuring such companies. In an emergency court filing, inso...
Despite FTX Collapse, US Senator Says This About Crypto Future
Despite the chaos in crypto market with the fallout of FTX, supporters of crypto are unbridled about the industry’s future. The recent collapse of Sam Bankman-Fried FTX has even attracted the White Ho...
Is Binance CEO Changpeng Zhao To Blame For FTX Collapse?
In the space of one week, FTX had gone from being the second-largest crypto exchange by trading volume to being bankrupt. This swift move from being ‘okay’ to being in ‘hot water’ has shown just how u...
US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX
United States Senators Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX — Sam Bankman-Fried and John Jay Ray III, respectively — on Nov. 16 to ask for more information o...
New FTX CEO criticizes the integrity of the exchange – crypto.news
In an itching legal brief on Thursday, John Ray III, who oversaw bankruptcy cases such as Enron, the new CEO of the insolvent cryptocurrency exchange FTX identified that the company had experienced a ...
Eyes turn to Grayscale Bitcoin Trust after FTX collapse; Cardano to launch fiat-backed stablecoin in 2023
The biggest news in the cryptoverse for Nov. 18 includes fears of Grayscale Bitcoin Trust being in trouble, Bahamas’ order for FTX to transfer its digital assets, and SafePal’s 125% spike as a result ...
Ontario Teachers’ Pension Plan is latest FTX investor to mark venture investment to zero
It’s relatively rare for an institutional investor to make a public statement about a loss on a venture-capital investment, but nothing about FTX International’s $32 billion blow-up and bankruptcy is ...
FTX Execs Gave $70 Million to Both Democrats and Republicans Heading Into the 2022 US Midterms – Coinotizia
After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cy...
Revolut Distances Itself from FTX While Pushing for Crypto: Report
After Sam Bankman-Fried’s crypto empire imploded last week, exchanges are rushing to soothe the nerves of infuriated investors. Digital banking firm, Revolut is the latest one to distance itself from ...
Binance CEO Suggests t Principles For Centralized Exchanges To Prevent FTX Fiasco
Irrespective of the analytical lens you choose, you might feel that the recent FTX debacle’s impact is heavier than other unfortunate past incidents, especially because it happened when the market was...
“A Complete Failure Of Corporate Control,” Says New FTX CEO As He Unearths Even More Dirt Leading To The Collapse ⋆ ZyCrypto
Advertisement     FTX’s new CEO expresses shock over how the company was run as he opens a can of worms. He referred to the mismanagement of the company as “unpreceden...
Crypto-Friendly New York City Mayor Eric Adams Still Supports Digital Assets Despite FTX Implosion: Report
New York City mayor Eric Adams’ stance on crypto is reportedly undeterred by the recent collapse of the FTX exchange. Adams has converted his first three paychecks into Bitcoin (BTC) and Ethereum (ETH...
FTX Execs Gave $70 Million to Both Democrats and Republicans Heading Into the 2022 US Midterms – Bitcoin News
After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cy...
Here’s how the CFTC could prevent the next FTX
FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many ...
‘God Mode’: SBF’s Alameda Had ‘Secret Exemptions’ on FTX, New CEO Alleges
In brief Alameda Research allegedly had “secret exemptions” from liquidation protocols on FTX, new FTX CEO John J. Ray III alleges. FTX and Alameda—both founded by Sam Bankman-Fried—filed for Chapter ...