While SBF covered many areas in his substack letter, one thing was echoed over and again, and that is the fact that he did not steal users’ funds. Sam Bankman-Fried (SBF), the founder and former Chief...
Tag: funds
Tanking Biotech Stocks Will Mean a Big Year for Deals. Who Could Benefit.
Nearly two years after biotechnology stocks began to tumble, executives at small and midsize companies in the space are finally accepting that share prices aren’t bouncing back anytime soon. With real...
I Didn’t Steal Funds Or Stash Away Billions: Sam Bankman-Fried
Disgraced FTX founder Sam Bankman-Fried, in an astonishing and highly unusual blog post, stated that he did not steal any funds or stash away billions as claimed. He blamed Binance CEO Changpeng Zhao...
Digital asset-focused funds dominate top 14 equity ETFs: Bloomberg
Digital asset-focused trading funds comprised the top 14 equity exchange traded funds (ETFs) in 2023 (excluding leveraged funds), according to data compiled by Bloomberg. Some of the top perfor...
Sam Bankman-Fried denies Stealing User Funds
SBF denied stealing billions of dollars worth of users’ funds. He once compared FTT with Tesla, Bitcoin etc. Ellison and Wang had pleaded guilty and could be speaking against Sam. FTX-saga has been ...
Sam Bankman-Fried denies misusing customer funds
In the months leading up to his federal charges on m money laundering and misuse of customer funds, FTX co-founder Sam Bankman-Fried has repeatedly refuted US charges that he misused $8 billion in cli...
Alameda Liquidators Lost $72,000 in Users’ Funds
The Alameda liquidators face multiple embarrassments while retrieving the assets from the wallets. They recently lost $72,000 to DeFi liquidation. Since Sam Bankman-Fried has been out on bail, the Ala...
Sam Bankman-Fried Says He Didn’t Steal Funds! Explains What Went Wrong
Sam Bankman-Fried, the former CEO of the troubled cryptocurrency exchange FTX, has explained that he did not ‘steal’ funds. He added that FTX could have made customers considerably whole if it had bee...
‘I didn’t steal funds, and I certainly didn’t stash billions away’
Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a “pre-mortem overview” of the crypto exchange’s insolvency. In a Jan. 12 post on Substack, Bankman-Fried claimed the...
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on Jan. 12, citing sources familiar with the matter. The lender owes $900 million to users of Gemini...
Alameda liquidators get liquidated on Aave as they try to consolidate funds
Alameda liquidators lost $72,000 on DeFi lending platform Aave after getting liquidated themselves while attempting to recover funds for creditors. The liquidators were trying to close the posit...
‘My adviser insists this is a good, low-risk investment.’ I’m semi-retired at 63 with $2 million saved. My financial adviser wants me to sink half my money in an annuity. Should I do it?
I’ve never been a big fan of annuities, but my advisor insists this is a good low risk investment vehicle. Is a variable annuity a good option for me? Getty Images Question: I am 63 and semi-retired. ...
China Is Opening Fast. Don’t Miss the Rebound for Stocks.
Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
WazirX releases proof of reserves with majority of funds in Binance wallets
The cryptocurrency exchange released its proof of reserves and proclaimed it to be India’s largest exchange both in volume and reserve funds. After the paranoia and turmoil in the crypto industry caus...
Binance has majority of WazirX funds
WazirX revealed in its proof of reserves report that 90% of its user assets are in Binance wallets. CoinGabbar published WazirX’s proof of reserves which believes that they are India’s biggest crypto ...
WazirX unveils its proof of reserves report, with a significant portion of funds secured in Binance wallets
Following the FTX liquidity and bankruptcy incident, which caused panic in the cryptocurrency sector, numerous digital asset providers have begun publicizing their reserve funds. WazirX, an Indian cry...
Swyftx Closes Earn Program Citing Lack of Regulatory Clarity; Are customer funds safe?
Earn allows users to earn interest on their funds held on their Swyftx wallets. The exchange might have suggested that the move might be temporary. Swiyftx announced the move in December Australian cr...
Voyager defends Binance.US’ bid; Nomad exploiter moves stolen funds
The biggest news in the cryptoverse for Jan. 9 saw Voyager strike back against objections to Binance.US’ attempted buyout of its assets. Meanwhile, a Forbes report has drawn attention to Binance’s hig...
Crypto-asset manager Osprey Funds lays off most of its staff: Report
Digital asset manager Osprey Funds has reportedly laid off most of its staff since the summer of 2022, underscoring the ongoing operational challenges posed by crypto’s enduring bear market. Yahoo Fi...
US Prosecutors Subpoena Hedge Funds Linked to Crypto Exchange Binance
The US attorney’s office for the Western District of Washington in Seattle has subpoenaed a few investment firms asking them to provide records of their communications with Binance over the past few m...
US Hedge Funds Receive Subpoenas Over Communications With Binance As Investigators Probe Crypto Exchange: Report
Binance, the world’s largest crypto exchange, is reportedly being investigated by federal prosecutors, which has led to multiple American hedge funds being subpoenaed by the Western District of Washin...
AEX Exchange Proposes New Funds Retrieval Solution to Customers
Embattled AEX exchange has added a new solution for customers to retrieve trapped funds. The new solution by AEX will be executed by a third-party law firm and a third-party management company. Custom...
US Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report
Recently, Binance has made efforts to increase its commitment to compliance, growing its security and compliance staff by 500% in 2022. Additionally, last fall the company assembled a global advisory ...
Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin – Exchanges Bitcoin News
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all crypt...
Crypto payments firm Wyre cuts withdrawal limits to 90% of funds
Amid insolvency speculations, cryptocurrency payments platform Wyre slashed its withdrawal limits by 10% on Jan. 7. In a Twitter thread, Wyre announced that its customers can now only withdraw up to 9...
Federal Prosecutors Subpoena Hedge Funds Over Binance
Federal prosecutors are investigating the largest crypto exchange Binance and have subpoenaed several hedge funds as part of its investigation, according to a Washington Post report. Seattle’s US atto...
Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings – Bitcoin News
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were...
U.S. investigators subpoena hedge funds associated with Binance
On Jan. 7, 2023, Washington Post reported that the federal prosecutors had subpoenaed U.S.-based hedge funds relating to Binance. Federal prosecutors are investigating the cryptocurrency exchange plat...
U.S. Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report
Federal prosecutors are investigating the relationship between Binance and U.S.-based hedge funds as part of a broader investigation into the cryptocurrency exchange’s possible skirting of money...
US Hedge Funds In Prosecutors’ Gaze Over Binance Investments
Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency industry has just flaked out of a disastrous 2022 but the space is still as messy as it was. This statement is...