FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told in...
Tag: FTX
Future Kraken CEO Lashes Out at FTX ‘Thieves’
As the public opinion of former crypto hotshot Sam Bankman-Fried continues to wane, criticism aimed at him and his business is only growing fiercer. Jesse Powell, Kraken’s current CEO, who will be ste...
Binance boss CZ calls disgraced FTX founder Bankman-Fried a ‘psychopath’ over tell-all threat
Binance CEO Changpeng Zhao accused disgraced crypto entrepreneur Sam Bankman-Fried of being a dangerous lunatic for threatening to air information potentially damaging to the billionaire exchange co-f...
Coinbase CEO Stays Bullish After FTX Collapse
Coinbase founder and CEO Brian Armstrong unveil his stance amid the ongoing downturn in the crypto world. After the collapse of his rival exchange FTX, Coinbase CEO clears his stance and confirms he i...
Jump Crypto denies rumors that it intends to wind down due to FTX losses
Jump Crypto, a division of the Jump Trading Group, has denied rumors circulating online that it intends to wind down operations due to its exposure to FTX losses. According to a tweet shared by the ...
Solana Ecosystem Contends with FTX Fallout
November 18, 2022, 3:09PM EST • 11 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bri...
FTX, XRP, SOL and a Queen is King
Crypto news: As the fallout from the FTX collapse continues and the clichés spread like wildfire, we pick through the rubble and brief you on the stories you may have missed. If there was a word of th...
The Block: Binance had ‘at minimum ill-intent’ in revoked FTX proposal: Sen. Ted Cruz
Sen. Ted Cruz said that Binance showed “at minimum ill intent” regarding the offer it made and quickly took back to buy FTX last week. Noting the speed of Binance’s public offe...
Alameda, FTX in the Spotlight, BTC Loses $17K as Contagion Spreads: This Week’s Recap
After the previous week, which saw the deterioration of one of the largest crypto exchanges, this one was significantly less volatile in terms of price movements but quite eventful for reports popping...
El Salvador’s President Announces Country Will Buy One Bitcoin Every Day, Calls FTX the ‘Opposite’ of BTC
El Salvador President Nayib Bukele is still buying Bitcoin (BTC) despite ta crypto winter that’s seen the king crypto plunge by over 75% from all-time highs. On Twitter, Bukele recently made the annou...
Miami’s crypto crowd sees silver lining around dark FTX clouds
Armies of developers, VC funders and CEOs descended upon Miami for two separate crypto conferences on Thursday as the shockwaves from FTX’s spectacular collapse continued to reverberate across the ind...
Multicoin Capital Says FTX Will Not Be End of Crypto
As far as the crypto industry is concerned, Multicoin Capital said it does not believe FTX will be the downfall of the industry. Crypto venture capital firm, Multicoin Capital is seeing a bright futur...
Multicoin Expects FTX Contagion Dangers For Weeks To Come
In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain wri...
Crypto Analytics Platform Nansen Finds FTX May Have Colluded With Alameda Since the Exchange’s Inception
Crypto analytics firm Nansen is turning to on-chain data to take a deeper look at the relationship between embattled crypto exchange FTX and its affiliated trading firm Alameda Research. In a new repo...
Chainalysis Confirmed as FTX Creditor in Bankruptcy Case
Analytics firm Chainalysis has announced that it is owed money in the bankruptcy proceedings for collapsed exchange FTX. In documents filed to bankruptcy court in Delaware on Wednesday, Chainalysis wa...
Another FTX Stadium Naming Rights Deal Bites the Dust Amid Bankruptcy Proceedings: Report
Another high-profile FTX stadium naming rights deal is reportedly cratering amid the exchange’s meltdown and bankruptcy. Front Office Sports reports that the University of California, Berkeley, has su...
FTX Founder and Co Are “Potentially Compromised”
FTX’s overnight implosion caused an earthquake that the business community is trying to figure out by putting the different pieces of the puzzle together. John Ray, a veteran of restructurings,...
Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect – Bitcoin News
An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity cr...
Man Group close to launching crypto hedge fund despite FTX collapse: Bloomberg
Man Group, the biggest publicly traded hedge fund firm, is reportedly close to starting a crypto hedge fund. The crypto hedge fund strategy has been in development for several months, Bloomberg ...
Fallen FTX Founder Bankman-Fried Gives Regulators the Middle Finger
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, can not hide his disgust at financial regulators. The 30-year old former billionaire borrowed a whopping $1 billion from one of his b...
FTX Fraud Pushed Traders Into Stablecoins: Galaxy
As risk-off sentiment continues to dominate cryptocurrency trading patterns, investors are putting more money into what they hope is a safe haven: stablecoins. Stablecoin trading volume has been on th...
Canada’s largest pension fund writes off $95M FTX investment
Canada’s largest pension fund Ontario Teachers said it would write off its $95 million in bankrupt crypto exchange FTX, according to a Nov. 17 press statement. According to the pension fund, it made t...
FTX Employees Used Company Funds to Buy Homes in the Bahamas
The news will cause unprecedented anger among customers of FTX, which filed for bankruptcy on November 11. The cryptocurrency exchange, which was still valued at $32 billion in February, imploded ove...
Popular crypto Twitter personality says FTX collapse was a premeditated crime – crypto.news
Adam Cochran revealed in a Twitter post on November 17, 2022, how the troubled FTX CEO Sam Bankman-Fried deliberately mismanaged customer funds which led to the exchange’s collapse. Adam Cochran demys...
3 reasons why the FTX fiasco is bullish for Bitcoin
The “Bitcoin-is-dead” gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money th...
Here’s How Some FTX Account Holders Can Get Their Money Back — But Time Is Running Out
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Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Scaramucci says he did buy FTX token after getting investment from Sam Bankman-Fried
Anthony Scaramucci’s investment fund SkyBridge Capital bought $10 million worth of FTT tokens after receiving an investment from FTX founder Sam Bankman-Fried. The Financial Times reported on Thursday...
Former Enron Liquidator Finds ‘Complete Absence of Trustworthy Financial Information’ at FTX
Enron’s liquidator has some choice words for the FTX collapse. John J. Ray III, who was appointed after FTX filed for bankruptcy last week, said he had “never” seen anything like the case in his...
Binance CEO Changpeng Zhao Says FTX Collapse Will Benefit Crypto Industry in the Long Term – Here’s Why
Binance CEO Changpeng Zhao says the FTX collapse is not going to destroy the crypto industry but it is a setback. In a new interview with CNBC, Zhao says the FTX collapse that sent crypto markets trad...
Is the FTX debacle worse than Enron?
The liquidator presiding over the FTX Chapter 11 bankruptcy was also in charge of the Enron liquidation process. He states that the mess at FTX is “unprecedented”. More than 20 years ago, the account...