Former FTX CEO Sam Bankman-Fried has received a significant share of criticism following the sudden collapse of the FTT token and its subsidiaries. With a congressional hearing on FTX collapse slated ...
Tag: FTX
MLB Latest Sports Enterprise To Distance Itself From Onetime Prominent Sponsor FTX
Topline Major League Baseball confirmed Thursday it terminated its sponsorship with FTX following the cryptocurrency exchange’s “jarring” bankruptcy, the latest ripple effect in the sports industry af...
Temasek writes off $200m+ after FTX liquidates – crypto.news
Per details from sources related to the story, Temasek lost over $200 million to the FTX run down. The fund was an investment in the cryptocurrency firm weeks before it imploded. Temasek to delete $2...
The Block: Silvergate CEO sees silver lining for bitcoin: ‘There are always buyers’
Silvergate CEO Alan Lane said that bitcoin stands out from other digital currencies even amid the ongoing turmoil in crypto markets. He pointed, as evidence, to the breakdown of volumes of the S...
Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility?
Solana (SOL) was one of the hardest hit blockchains by the FTX collapse. Even now, more than a week after the initial bankruptcy, SOL continues to buckle under the weight of uncertainty left among its...
UC Berkeley Suspends Stadium Naming Rights Deal With FTX
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What did CFTC Commissioner say about FTX Crisis?
CFTC commission said it will be too early to give an opinion on risk management or regulatory faults of FTX. Regulatory policies have been made to function as consumer protection measures- Johnson. It...
This is Why Genesis-Collapse May Have 10 times Lager Impact Than That of FTX!
Genesis Trading, the first BTC OTC (Over The Counter) platform, grew like a monster during the 2021 bull run and achieved huge milestones. Meanwhile, exactly a year later, the fractals are completely ...
Big Short Investor Michael Burry Sees This Asset Rising Amid FTX Contagion
Michael Burry, the fund manager and investor who became popular from the “The Big Short” movie, believes gold will shine as investors seek safety from crypto risks due to the catastrophic collapse of ...
The FTX bankruptcy filings are a doozy. We bring you the highlights.
Bankruptcy lawyers for crypto exchange FTX filed 41 pages of legal documents full of fresh details about how ex-CEO Sam Bankman-Fried ran — or didn’t run — the company and the myriad of flaws in the f...
Circle CEO Jeremy Allaire Says Crypto Use Cases Still Remain Strong Following FTX Debacle
The CEO of USD Coin (USDC) issuer Circle says that the concept of crypto offering more transparency than traditional finance still holds amid the current fiasco in the industry. In a new interview on ...
FTX and Sam Bankman-Fried have been sued in the US – crypto.news
Crypto investors in the US have initiated a class action suit against FTX and its founder, Sam Bankman-Fried. Celebrities who helped to promote the exchange were also included in the suit. The suit wa...
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...
FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others
A Nov. 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research. The ...
Nouriel Roubini just tore into Kevin O’Leary for his ties to bankrupt FTX, hopes CNBC will ‘get rid of him’ — but Mr. Wonderful still likes these low-risk stocks for income
‘A paid hack’: Nouriel Roubini just tore into Kevin O’Leary for his ties to bankrupt FTX, hopes CNBC will ‘get rid of him’ — but Mr. Wonderful still likes these low-risk stocks for i...
U.S. Regulators May Face Scrutiny Over FTX Links
Key Takeaways FTX’s collapse has raised suspicions about why regulators could not see the fraud coming. FTX filled key positions with former regulators with ties to both the Commodity Futures Tr...
U.S. House Financial Services Committee Plans Official Hearing on FTX Collapse: Report
The U.S. House Financial Services Committee is reportedly planning on holding an official hearing regarding the recent collapse of the crypto exchange platform FTX. According to a new report by The Wa...
Genesis Teetering on The Edge After FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage Genesis, a cryptocurrency brokerage company, has announced it will suspend client withdrawals from its lending unit. According to...
Evaluating the state of Solana [SOL] ecosystem post FTX demise
TVL held on Solana has declined by over 60%. User activity across the network also fell. SOL offered no respite to users as it has since fallen by 62%. Severely impacted by the sudden collapse of cryp...
Faulty FTX Data During Takeover Discussions
Binance CEO CZ Latest Comments: CZ said in an interview with CNBC that data provided by FTX seemed unreliable. During the discussion around Binance’s potential takeover of FTX, fund misappropriation w...
Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing. “We are not working with any other crypto exchange as banking service, and our exposure to the cr...
Regulator Halts Trading of FTX Tokens in Indonesia – Exchanges Bitcoin News
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankrup...
Alameda Had ‘Secret Exemption’ From FTX Liquidation Protocols, New CEO Says
Alameda Research, the crypto hedge fund at the center of Sam Bankman-Fried’s and FTX’s downfall, had a “secret exemption” from the crypto exchange’s liquidation procedures, according to bankruptcy fil...
CFTC Has ‘Boots on the Ground’ at FTX Subsidiary LedgerX
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FTX Bahamas Unit Has Officially Filed for Bankruptcy
The local Bahamas arm of crypto exchange FTX has filed for bankruptcy protection in New York, following more than a hundred affiliates which applied for their own in Delaware last week. FTX Digital Ma...
Genesis Suspending Client Withdrawals for Lending Arm Citing ‘FTX Impact’
On Wednesday morning, Genesis announced to clients that it would pause withdrawals from its lending arm, citing “unprecedented market turmoil” due to the now-bankrupt crypto exchange FTX. ...
Former FTX CEO: “Crypto’s Bernie Madoff”
The co-founder and former CEO of FTX, Sam Bankman-Fried (SBF) is increasingly in the eye of the storm. Indeed, both US and Bahamian authorities are investigating his conduct. SBF is a US citizen, bu...
Binance says it cannot provide FTX details because of talks with regulators
Authorities in multiple jurisdictions are questioning Binance over the international crypto exchange’s role in the downfall of FTX, a company spokesperson confirmed to The Block. The inqui...
Tom Brady, Steph Curry, Shaq and Kevin O’Leary All Named Alongside SBF in FTX Class Action Lawsuit
A new lawsuit against FTX founder Sam Bankman-Fried is naming several celebrities and athletes as co-defendants. The class action complaint, which Oklahoma resident Edwin Garrison filed with the U.S. ...
“Now CZ Is A Hero”, Says SBF After FTX Crash
SBF Chat Leak: Sam Bankman-Fried (SBF), former CEO of collapsed FTX has become the talking point in the digital asset industry. However, in a recent interaction, SBF unveiled his stance over his strat...