An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a recent announcement, blue-chip crypto lender Genesis says that while...
Tag: FTX
Tom Brady, Gisele Bundchen And SBF Sued Over FTX Collapse
Per a report from the Washington Examiner, NFL Legend Tom Brady and others are facing a class action lawsuit from FTX investors. The football player is one of the many celebrity ambassadors who vouche...
They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’
As the FTX debacle started to unravel last week, a 26-year-old customer of FTX.US who lived in the New York City area faced a thorny dilemma. While he was concerned about the situation that was unfold...
US financial committee to hold hearing on FTX collapse in December
The United States House Committee on Financial Services plans to hold a hearing into FTX collapse in December. According to the press statement, the committee would “hear from the companies and indivi...
FTX, Bankman-Fried Will Face Congressional Hearing in December
Key Takeaways The U.S. House Financial Services Committee will hold a hearing on the collapse of FTX in December. It will seek testimony from former FTX CEO Sam Bankman-Fried, Alameda Research, Binanc...
FTX actions ‘were illegal 100 years ago,’ says Rep. Auchincloss
Congressman Jake Auchincloss, D-Mass., rejected the urgency for new crypto legislation in response to the collapse of FTX last week. “The disaster with FTX is just another exclamation point arou...
Nouriel Roubini attacks Binance CEO Changpeng Zhao and says Kevin O’Leary should lose his role at CNBC over ties to FTX
“What are the 7 C’s of crypto? Concealed. Corrupt. Crooks. Criminals. Conmen. Carnival barkers. And finally, CZ.” That was famed economist Nouriel Roubini, a longtime critic of cryptocurrencies, attac...
Ethereum’s Vitalik Buterin Shares Insights on FTX Collapse
Prior to its collapse, FTX and its sister trading firm, Alameda Research put up the front as a lender of last resort and made attempts to save the bankrupt firms in the cryptocurrency ecosystem. Vital...
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse – Bitcoin News
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick ...
Top House Committee to Hold Hearing Into FTX Collapse
Rep. Maxine Waters (D-Calif.) and Rep. Patrick McHenry (R-N.C.), respectively the chair and ranking member of the committee, said in a joint statement that the lawmakers would want to hear about the c...
FTX Bahamas Files for Chapter 15 Bankruptcy Protection
The Bahamas subsidiary of the troubled crypto derivative exchange FTX has filed for chapter 15 bankruptcy protection in the Southern Court of New York, Bloomberg reported on Wednesday. FTX Bahamas Fil...
FTX Attacker Still Owns Altcoins Worth $338 Million
A day after FTX filed for bankruptcy, the firm’s hot wallets were drained by hackers, walking away with nearly $650 million in altcoins. Now, after various bridgings and on-chain chicanery, the attack...
FTX and Alameda Executives Including Sam Bankman-Fried Were Aware of Customer Funds Misuse: Report
A new report claims executives of FTX and Alameda Research were aware that their customers’ funds were being mishandled. According to the Wall Street Journal, anonymous sources familiar with the matte...
Sam Bankman-Fried Continues Cryptic Twitter Thread, Claims FTX US ‘Had Enough To Repay All Customers’
The founder of bankrupt crypto exchange FTX says that he’s trying to find a way to make his former customers whole. In a lengthy cryptic thread on Twitter, Sam Bankman-Fried says that he thought that ...
U.S. House committee to hold hearing on FTX collapse and crypto fall out
The House Financial Services Committee will hold a hearing next month on FTX’s collapse and the broader implications for the digital asset industry. The committee says it expects to hear from “t...
FTX Account Drainer 34 Largest Ethereum Holder
FTX Hack News: FTX, a cryptocurrency exchange witnessed a major hack of around $600 million after facing a liquidity crunch over the past week. However, the FTX Accounts Drainer has been tracked movin...
Three Arrows Capital Founder Kyle Davies Says FTX Employees Admitted to Hunting 3AC’s Positions
The co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC) says that FTX employees have admitted that the collapsed exchange was hunting down the firm’s positions. In a new interview on C...
Disgraced FTX founder Sam Bankman-Fried still sees path to rebuilding his bankrupt empire and believes he can make his customers whole
The disgraced founder of FTX, Sam Bankman-Fried, believes there’s enough value locked on the exchange’s balance sheet to repay customer deposits held under custody and rebuild his dying crypto empire....
US House Committee to Hold Hearing on FTX Implosion
– Advertisement – The US House Committee has revealed plans to hold a hearing from the appropriate entities on the FTX implosion. The United States House Committee on Financial Services re...
Crypto Hedge Fund Ikigai Caught in FTX Collapse, Large Majority of Firm’s Total Assets Stuck on Exchange: Founder
The crypto hedge fund Ikigai says most of its assets are stuck on the collapsed FTX digital asset exchange. Ikigai founder and Chief Investment Officer Travis Kling tells his 89,900 Twitter followers ...
Crypto Venture Firm Sino Global Reveals ‘Mid-Seven Figures’ Exposure to Bankrupt FTX
Sino Global, a blockchain and digital assets-focused investment firm, today revealed losses suffered due to its exposure to the collapsed crypto exchange FTX, however, insists it continues operations ...
Genesis Global Capital suspends redemptions, with impact spreading to Gemini
Genesis Global Capital, the lending business of Genesis Trading, temporarily suspended redemptions and new loan originations in the wake of FTX’s recent collapse and the earlier Three Arrows Cap...
FTX Investors Sue Bankman-Fried Over Yield-Bearing Crypto Accounts (Report)
FTX investors have sued the company’s ex-CEO Sam Bankman-Fried for illegally offering yield-bearing crypto accounts at the now insolvent exchange. The lawsuit, filed in Miami on Tuesday, alleges that...
SoftBank (SFTBY) Lost its 100 Mn USD FTX Investment
Japanese investment giant SoftBank recently reported to mark off its overall investment in FTX—zero. On November 11th, the Bahamian crypto exchange filed for bankruptcy under the Chapter 11 Bankruptcy...
Solana entities sold 50M tokens to FTX — How long will SOL price suffer?
Solana (SOL) has lost 60% of its market value in a week due to its exposure to the now-defunct crypto exchange FTX, which could continue to haunt the “Ethereum killer” well into the future...
Tether Secured over 31 Mn USD Worth USDT in FTX Hack
Bahamian crypto exchange FTX announced on 11th November 2022 about filing bankruptcy under the Chapter 11 Bankruptcy code. The very same day, founder and CEO Sam Bankman-Fried stepped down from his de...
Over 1 Million Creditors Could Have Claims in FTX Bankruptcy
More than a million creditors could have claims against bankrupt exchange FTX, new court filings reveal. In a document submitted to bankruptcy court in Delaware, FTX’s lawyers argued for a modificatio...
Here’s What’s Next for Bitcoin After Implosion of FTX, According to Top Analyst
A widely followed crypto strategist is mapping out what’s in store for Bitcoin (BTC) after the implosion of crypto derivates exchange FTX. Pseudonymous analyst Cred tells his 518,300 Twitter followers...
Class action filed against Tom Brady, Larry David and others who endorsed FTX
Celebrities who promoted troubled crypto exchange FTX are facing a class action lawsuit. Tom Brady, Gisele Bundchen, Steph Curry and Larry David are among the stars named in the lawsuit, which ...
Former FTX CEO SBF Faces Possibility of Extradition to US for Questioning
Amidst speculation over Sam Bankman-Fried’s whereabouts, the authorities are mulling over extraditing the former CEO of the bankrupt crypto exchange, FTX, back to the United States. According to the l...