The shares of crypto bank, Silvergate, were down around 7%. Additionally, the other crypto-linked stocks rallied on November 15, 2022. Amid Silvergate Bank’s exposure to FTX, Goldman Sachs has cut dow...
Tag: FTX
5 Key Highlights From FTX Bankruptcy Filings
By now, most in the cryptocurrency community have likely seen the FTX bankruptcy filings. And as FTX’s new CEO John Jay Ray III put it, the internal management of the company was “a complete failure.”...
New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster
FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on Nov. 11. The filing includes all 130 companies under the umbrella, as well as the trading firm Alameda. On...
What do these prominent celebrities have in common? An FTX case
The legal case filed against FTX and many prominent celebrities purports that the bankrupt crypto exchange breached Florida law and now wants $11 billion in monetary damages in the place of its custom...
Alameda loaned SBF $1B: FTX bankruptcy filing
One of the four silo companies that had a significant role in the demise of the FTX bitcoin exchange provided Sam Bankman-Fried, the former CEO of FTX, with a personal loan in the sum of $1 billion. ...
US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy – Bitcoin News
U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive...
Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout
Bitcoin (BTC) was recently trading at around $16,600, little changed over the past 24 hours. The largest cryptocurrency by market capitalization hovered over its latest $16,000 support for a ninth con...
House committee to investigate FTX mess this December; SBF, CZ among others to sit before panel
The panel is bipartisan, led by the House Committee on Financial Services. Sam Bankman Fried’s (SBF) whereabouts are not known. Not all names expected to appear have been mentioned. Committee panel wa...
CoinMarketCap and CoinGecko Ranked FTX Highly. Why?
CoinMarketCap and CoinGecko are two major crypto analytics platforms that rank crypto exchanges based on trustworthiness. In light of what happened last week, both whiffed on FTX. In early November, C...
Oldest Bitcoin holders start selling; FTX court filing reveals SBF’s $1B loans from Alameda
The biggest news in the cryptoverse for Nov. 17 includes the high selling tendency of Bitcoin holders older than 10 years, SBF’s $1.6 billion personal loan from Alameda Research, and Bitcoin and Ether...
Solana Ecosystem is Suffering After The FTX Collapse
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FTX Lawsuit Takes Aim at Larry David, Tom Brady for Promoting Crypto Exchange
A group of investors filed a class action lawsuit against the collapsed crypto exchange FTX, its founder Sam Bankman-Fried, as well as several celebrities, alleging they were part of a “fraudulent sch...
New FTX CEO Blasts Sam Bankman-Fried In Court Filing
In sharp criticism of Sam Bankman-Fried’s style of management, the new FTX CEO John Ray revealed his stance on the company’s activities. Ray said the FTX situation was unlike any corporate failure he ...
The Former CEO Of FTX Was Compared To Bernie Madoff
Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, responded to the current state of the crypto market and FTX fluctuations. Kiyosaki stated that bitcoin is not an issue following th...
New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices – Featured Bitcoin News
The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such a complete failure of cor...
NBC News Special Investigates ‘Meltdown’ At Twitter—Can It Survive Elon Musk?
Twitter owner Elon Musk is seen with a Twitter logo in this photo illustration in Warsaw, Poland on … [+] 21 September, 2022. (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images F...
Aussie treasurer promises crypto regulation next year amid FTX debacle
The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week. A spokesperson for Australian Treasu...
FTX Ventures Was a Disorganized Mess With Missing Financials, Bankruptcy Documents Say
The FTX umbrella covered over 100 smaller legal entities, which complicates any story about the internal organization. According to paperwork filed on Thursday with the U.S. Bankruptcy Court for the D...
Electric Capital Partners: ‘Yellow Flags’ Kept Us Away From SBF
Electric Capital executives told its limited partners Thursday that the crypto-focused venture capital firm is relatively unscathed from the FTX debacle — thanks to “yellow flags” Electric spotted whe...
FTX collapse – Paradigm co-fonder Matt Huang is still optimistic on Crypto
Crypto giants and popular crypto community members maintain a positive outlook on crypto. Millions of FTX customers have lost their savings and investments. One of the largest cryptocurrency exchanges...
Upbots issues recovery plan in light of FTX, Alameda exposure
Algo crypto trading platform, Upbots, detailed its recovery plan established due to its exposure to the fallout of FTX, and Alameda Research. Important announcement We are pleased to inform you that i...
House Committee Calls on SBF, Binance to Testify on FTX Collapse
The House Financial Services Committee will next month hear from Sam Bankman-Fried on the collapse of his crypto empire, lawmakers announced today. Chairwoman of the House Financial Services Committe...
These Celebrities Are Being Sued After the FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage Celebrities that promoted the now-bankrupt FTX cryptocurrency exchange are being sued as part of a class-action lawsuit accusing ...
FTX May Have Committed Serious Fraud and Mismanagement: Bahamas Liquidators
One week after the implosion, legal woes for FTX have only intensified. According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanageme...
FTX Hacker Becomes 31st Largest Eth Holder
FTX hacker swaps 29.7k BNB, after FTX, a cryptocurrency exchange faces a massive hit of a $600 million hack on Friday. Amid the ongoing liquidity crisis as per today’s report, the FTX hacker becomes t...
Consultancy Uncovers Best Altcoins To Profit From FTX Collapse
Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX’s demise. According to analysts, recent events are promoting a na...
No red flags at FTX despite 8 months of ‘extensive due diligence:’ Temasek
Singapore’s state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn’t find any significant red flags in FTXs financials before deciding to invest $275...
US Senators Warren, Durbin Probe FTX Collapse
Warren and Durbin, both longtime, outspoken crypto skeptics, said the collapse of FTX – which, until recently, had a $32 billion valuation and was largely perceived as one of the most stable exchanges...
Esports Giant TSM Suspends $210M FTX Naming Rights Deal
In brief Team SoloMid (TSM) announced today that it has paused its $210-million naming rights deal with FTX. FTX filed for Chapter 11 bankruptcy protection on Friday. Popular esports club Team SoloMid...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
Class action lawsuit against FTX and the celebrities involved
A class action lawsuit has been filed in the US against FTX and all those who promoted it. This is revealed by Reuters, which reports that several US clients of FTX have sued both FTX founder Sam Ban...
FTX victims are setting up GoFundMe fundraisers to try to get their money back
People who say they have lost money in the collapse of crypto exchange FTX are turning to strangers to cover their losses by setting up GoFundMe fundraising pages. They include a man who says that he ...