The collapse of FTX has shown that where there’s smoke, there’s fire. In a year filled with jaw-dropping unveilings, none compare to the bewildering fall of Sam Bankman-Fried’s FTX exchange. While man...
Tag: FTXs
Documentary Film About FTX’s High-Profile Implosion Is Already in the Works: Report
A documentary about the controversial collapse of FTX and its disgraced founder Sam Bankman-Fried is reportedly already in production. Variety reports that the non-fiction entertainment studio XTR is ...
SBF Took $300M Out of the $420M Raised in FTX’s 2021 Funding Round
SBF, the disgraced founder of bankrupt cryptocurrency exchange FTX, personally took $300 million out of the $420 million raised in the company’s 2021 funding round, according to a report by the Wall S...
FTX’s Collapse Triggers Dramatic Shift Towards Self-Custody For Bitcoin, Ethereum ⋆ ZyCrypto
Advertisement     Crypto holders have been reacting to the dramatic collapse of FTX by withdrawing their Bitcoin, Ethereum and other cryptocurrencies from exchanges to...
FTX’s Beginning of the End Traced Back to This Alameda Tweet: Analysis
After Hacktober, which saw countless DeFi projects being exploited for hundreds of millions of dollars in total, November was expected to be a calmer month for crypto. However, that was not the case a...
What Investors and Accountants Missed in FTX’s Audits
On Nov. 2, CoinDesk’s Ian Allison lit the match that set the FTX empire built by quixotic founder Sam Bankman-Fried on fire. Looking at financial reports dated June 30, Allison noted that FTX propriet...
Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Securities Commission of the Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12. In a Nov. 17...
Senator Warren Demands Details on FTX’s Books, ‘Officials Responsible’
Senator Elizabeth Warren has escalated her criticisms of collapsed crypto exchange FTX, calling on the defunct company’s leadership to provide key financial documents that would shed light on the comp...
The full story of how FTX’s weak internal controls contributed to its collapse
FTX had poor financial reporting processes in place Poor corporate culture undermined quality of work relations A compromised system exposed shareholders and users to elevated risks Laxity in corpora...
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors – Bitcoin News
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary t...
FTX’s downfall resulted from the market acting as ‘judge, jury and executioner’ — Pompliano
Prolific podcaster and cryptocurrency investor Anthony Pompliano has not lost faith in people or the crypto industry despite the disappointing conduct of former FTX CEO Sam Bankman-Fried. Bankman-Frie...
FTX’s Sam Bankman-Fried Eyes A Comeback, But Binance CEO Thinks It Is Highly Unlikely ⋆ ZyCrypto
Advertisement     FTX founder nurses an ambition to make a comeback in the digital asset space following the implosion of his firm. He admits that it is a long shot bu...
Did The Bahamas’ Securities Commission Take Control of FTX’s Assets? They Did
The Bahamas struck first and struck hard. Yesterday, there were rumors going around that their government was pressuring Sam Bankman-Fried to give them control of FTX’s assets. What sounded like a biz...
U.S lawmakers demand answers from SBF and FTX’s current CEO
The collapse of FTX and its subsequent bankruptcy has been the talk of the town this month. The troubled exchange’s moves have been under the scrutiny of everyone interested, with new information bein...
Bahamian Regulators Assume Control of FTX’s Assets
The Securities Commission of The Bahamas announced on Thursday that it directed that all digital assets of FTX Digital Markets Ltd (FDM) be transferred to a digital wallet controlled by the Commission...
FTT, CRO, HT – The state of exchange tokens after FTX’s collapse is…
CEX tokens took a hit after the FTX debacle Whales and sharks made massive moves for HT FTT and CRO Most traders lost money while reducing their exposure as volume in profit declined After the FTX mis...
FTX’s Collapse Has Rekindled Interest in Defi and Associated Products – Coinotizia
According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized f...
FTX’s Collapse Has Rekindled Interest in Defi and Associated Products – Fintech Bitcoin News
According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized f...
Warren and Durbin seek answers from Bankman-Fried and FTX’s successor
On November 16, Elizabeth Warren and Richard Durbin sent letters to the former and current CEOs of FTX, Sam Bankman-Fried and John Jay Ray III, respectively, in which they requested further informatio...
Pompliano said the market was FTX’s “judge, jury, and executioner.”
Anthony Pompliano, a prolific podcaster and investor in cryptocurrencies, maintains that he has not have lost confidence in people or in the cryptocurrency sector despite the disheartening behavior of...
Tremors from FTX’s collapse reverberate through the scientific community
The fall of crypto exchange FTX appears to have already begun to impact the hundreds of grant recipients across a variety of philanthropic organizations backed by the exchange. During the COVID-19 pa...
10 crazy things detailed in FTX’s bankruptcy filing
On Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. The bankrup...
FTX’s Bankman-Fried Received $1 Billion Loan From Alameda
(Bloomberg) — FTX co-founder Samuel Bankman-Fried, one of his related companies, and two other top executives at the collapsed cryptocurrency exchange received massive loans from affiliated trad...
Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator ⋆ ZyCrypto
Advertisement     US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, th...
Bahamian liquidators reject validity of FTX’s US bankruptcy filing
Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in the Bahamas, has called into question the validity of a Chapter 11 bankruptcy fi...
Alameda Secretly Exempted from FTX’s Auto-Liquidation Engine: Court Filing
The revelations surrounding FTX’s downfall continue with full force. Now, according to the most recent court filings, Alameda Research – SBF’s trading firm, had some privileges. The trading firm of Sa...
Nexo allays customers’ fears as FTX’s death spiral claims more victims – crypto.news
The crypto-lending platform has assured customers that their funds are safe after Genesis’ Crypto-Lending Unit Halted Customer Withdrawals in the wake of the FTX Collapse. The company made this announ...
Senators Warren, Durbin call on Bankman-Fried for info on FTX’s historical balance sheets
Key Senate Democrats are joining the calls for more disclosure of the historical finances of bankrupt crypto exchange FTX and the cluster of firms that had ties to it and founder Sam Bankman-Fried. &...
FTX’s Demise Has Pushed Bitcoin Miners To Worst Situations! This Is How BTC Price Will React Next
The crash of the popular crypto exchange FTX has become an embarrassment for the entire crypto space as it failed to build trust among users and provide properly secured infrastructure. FTX’s demise h...
SBF: Bank Run, Market Crash and ‘Too Much Leverage’ wiped out FTX’s liquidity
SBF explains FTX crash in twitter thread; receives mixed reactions. Alameda Research had used FTT as collateral to raise loans. The FTX crash serves as another clarion call to lawmakers to act fast. S...
Find Here The Details What’s Inside FTX’s New Filing
FTX filed a Motion that says there could be more than one million creditors in the Chapter 11 cases. FTX operated the world’s second largest cryptocurrency exchange with its FTX.us and FTX.com platfor...