FTX founder Sam Bankman-Fried has said he was largely unaware of major problems at his now-bankrupt crypto exchange, and few believe him. But two notable investors, Bill Ackman and Kevin O’Leary, appe...
Tag: FTXs
How FTX’s SBF Went From “The New JP Morgan” To A “Con Artist”
Sam Bankman-Fried went from being a poster boy of crypto to being the most hated in a matter of few days. Weighing in on the situation, Jim Cramer, the American TV personality called SBF a “con artist...
What a Securities Lawyer Would Ask FTX’s Bankman-Fried
As a securities litigator for over 30 years, I have cross-examined a host of conmen and fraudsters. Most of my cases have been concentrated in the financial services field where I represented Wall Str...
Total crypto market-cap hits $850B as Bitcoin and altcoins recover from FTX’s collapse
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the ove...
FTX’s Alameda Research owes Jimmy Buffett’s Margaritaville, Amazon Web Services
Sam Bankman-Fried’s hedge fund Alameda Research lists Jimmy Buffett’s Margaritaville Resort in the Bahamas and Amazon Web Services as two of the largest creditors it owes money to, accordi...
The Block: Sam Bankman-Fried details two factors that led to FTX’s demise: NY Magazine
Former FTX CEO Sam Bankman-Fried has been doing a lot of apologizing. From saying so on Twitter to repeating it during yesterday’s keynote interview at the New York Times’ DealBook Summit....
Crypto hedge funds seek Wall Street-style segmentation following FTX’s fall
Cryptocurrency hedge funds got burned in FTX’s bankruptcy and are now looking into bringing the financial segmentation that made Wall Street more stable. FTX used to be a popular venue among professio...
Takeaways From FTX’s Bankman-Fried’s Showing At NYTimes Dealbook Summit
For FTX and Sam Bankman-Fried, it was a sky-high ride and thus far, a meteoric crash of nearly unparalleled proportions. Now, SBF has made his first ‘public appearance’ since FTX’s meltdown, despite m...
Proposed new MiCa rules in EU would have prevented FTX’s collapse
European Union officials claim that their upcoming cryptocurrency regulation would have prevented the collapse of FTX. Deputy Director General at the European Commission’s financial services departmen...
FTX’s Collapse Was a Crime, Not an Accident
In the weeks since Sam Bankman-Fried’s cryptocurrency empire was revealed to be a house of lies, mainstream news organizations and commentators have often failed to give their readers a straightforwar...
FTX’s collapse is ‘a Lehman moment’ for crypto: Yellen
Treasury Secretary Janet Yellen called FTX’s collapse “a Lehman moment” for the digital asset industry. “It’s a Lehman moment within crypto, and crypto is big enough that you’ve had substantial ...
Sam Bankman-Fried Interview Reveals Dark Donations to Republicans, FTX’s ‘Poorly Labeled Accounting’ – Bitcoin News
On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was released. D...
FTX’s Crash Had a ‘Very Limited’ Impact on Singapore’s Economy, Claims DPM
Lawrence Wong – Deputy Prime Minister of Singapore – said major local financial institutions have “insignificant” exposure to cryptocurrencies and digital asset companies. As such, the gigantic crash ...
‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls
When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island. They quickly found an alternative, striking a p...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
SBF claims to have only thousands of dollars left in bank after FTX’s collapse
SBF claims to be down to a hundred thousand dollars, with almost all of his wealth wiped out with FTX’s collapse The former CEO also expressed that there could have been a 50-50 chance for FTX had CZ ...
Beto O’Rourke Returns $1M To FTX’s SBF, Others Should Too?
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BlockFi Takes FTX’s SBF to Court Over Robinhood Shares
Alex Dovbnya The collateral was used to guarantee to the failed crypto lender the loan to FTX that was used to bail out BlockFi itself Bankrupt cryptocurrency lender BlockFi has taken legal action aga...
BlockFi sues FTX’s Bankman-Fried over shares in Robinhood
Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as colla...
BlockFi sues FTX’s Sam Bankman-Fried hours after bankruptcy filing
BlockFi has sued Sam Bankman-Fried for his shares in Robinhood, which was used as collateral This comes in on the same day as its chapter 11 bankruptcy protection filing in New Jersey court BlockFi ha...
Alameda Withdrew $204 M from FTX US days before FTX’s downfall
Alameda took the majority of funds at $204M. $142.4M, which is 69.8% of the whole was transferred to wallets possessed by FTX international. What does the report say? Arkham, a data provider...
CFTC chair defends bill that FTX’s Bankman-Fried also backed
Commodity Futures Trading Commission Chairman Rostin Behnam defended legislation backed by both himself and former FTX CEO Sam Bankman-Fried, arguing on Monday that if his agency gains authority over ...
Bahamas’ Attorney General Defends The Country’s Action After FTX’s Collapse ⋆ ZyCrypto
Advertisement     Bahamas’ attorney General reassures investors that the country remains a safe place to invest despite the ill-fated FTX collapse. The government has ...
A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse – Markets and Prices Bitcoin News
At the time of writing the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, Nov. 27, 2022. Bitcoin prices consolidated since the start of the week, as seven-day s...
Amazon Reportedly Making a Docuseries on FTX’s Collapse
At just about any boozed-up weekend gathering, you’re almost guaranteed to hear the retort “Life is stranger than fiction” after any strange story. Although this little witticism is often overused, th...
FTX’s collapse could change crypto industry governance standards for good
The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the...
MakerDAO expects $1.5M bad debt after FTX’s liquidity crisis!
MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted: “Due to liquidations being previously dis...
Binance Deploys $2 Billion To Save Crypto Industry After FTX’s Fall From Grace ⋆ ZyCrypto
Advertisement     Binance has committed $2 billion to the firm’s crypto rescue fund as it aims to help rebuild the industry. Binance founder and CEO Changpeng Zhao sai...
FTX’s small investors biggest losers in fallout: Former FDIC Chair Bair
The collapse of crypto exchange FTX continues to send shockwaves through the market as more details emerge about the house of cards built by founder Sam Bankman-Fried, leaving analysts scratching thei...
Here’s How Much Has Been Recovered Since FTX’s Bankruptcy Filing
As events continue to unfold in the wake of FTX’s collapse, some of the funds missing from the exchange’s accounts have been found and secured. Shortly after its sudden downfall, FTX hired digital ass...
FTX’s Bankman-Fried to Attend NYT DealBook Summit Despite Bankruptcy
33 mins ago | 2 mins read Editors News SBF will speak with DealBook founder Andrew Ross Sorkin. The crypto community recently slammed the New York Times for publishing a “puff story about SBF”. Sam B...