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 ...
Tag: Reveals
FTX New CEO Reveals More SBF Scandals In Court Filing
The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried ...
FTX New CEO John Ray Reveals More Scandals In Court Filing
The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried ...
LFG Audit Reveals Billions Spent On UST Peg
A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST). Audit Findings Reported The audit was conducted by J...
Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections
The collapse of FTX and automatic conversions of USD Coin on Binance will cause Circle’s performance to be “materially lower” than the projections it made in February, the company said in a new regula...
Apple TV Reveals Price Of MLS Streaming Service, But Value Harder To Gauge
Former Philadelphia Union player Morgan Langley holds the MLS Cup trophy at an Apple retail store … [+] during an event to celebrate the 2023 launch of Apples 10-year partnership with MLS in Los...
President Bukele reveals El Salvador will buy 1 Bitcoin daily
President Nayib Bukele announced that El Salvador would buy 1 Bitcoin (BTC) daily starting November 18. We are buying one #Bitcoin every day starting tomorrow. — Nayib Bukele (@nayibbukele) November 1...
Circle reveals level of exposure to FTX; should USDC holders be worried?
Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance’s auto conversion In a recent Twitter post, Circle’s Jeremy Allaire said that USDC only had a ...
A Large Number of Bitcoin Retail Investors Incur Losses, BIS Study Reveals
The BIS (Bank of International Settlements) is a Switzerland-based bank belonging to 63 national central financial institutions that recently revealed a new survey based on Bitcoin. Primarily, the BIS...
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 ...
Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May
A Nov. 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST’s peg between May 8 and May 12. 1/ Today, LFG releases the technical audit repo...
Pantera Capital Reveals $149,000 Bitcoin Price Target – Here’s the Timeline
Crypto fund Pantera Capital says that the next Bitcoin (BTC) halving event will spark a bull rally beginning in early 2024. Pantera Capital CEO Dan Morehead and other executives are telling investors ...
Fallen FTX Reveals Top Creditors on Friday
Insolvent cryptocurrency exchange FTX could have as many as one million investors who are seeking to recoup their losses. The Bahamian-based brokerage filed for bankruptcy after facing massive liquidi...
Lucid reveals lower-cost Air electric luxury sedans
Luxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan – including its lowest-cost model yet. CEO Peter Rawlinson said in an interview with CNBC’s Ph...
FTX Filing Reveals New Leadership, Could Have 1 Million Creditors
Bankruptcy proceedings against FTX are off to a delayed start, following the filing of its first-day motions yesterday. Required to formally commence proceedings, these documents describe the events l...
3AC Founder Reveals Reason Behind Fall
Arman Shirinyan One of victims of Terra implosion speaks about FTX’s role in their bankruptcy The notorious fund that became the victim of the infamous Luna and TerraUSD crisis had significant e...
Solana Foundation reveals minimal exposure to FTX
Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog ...
Edward Snowden Reveals His Crypto Market Prediction
Arman Shirinyan Prominent security specialist has his own thoughts on cryptocurrency industry Prominent technical specialist and former employee of the CIA Edward Snowden shared his view on the crypto...
Cowen’s analyst reveals his top retail stock ahead of earnings
If he was allowed to buy one retail stock right now, Cowen’s Oliver Chen says he’d go for Target Corporation (NYSE: TGT). Target to report Q3 earnings this week Target is scheduled to report its Q3 re...
Digital Asset Giant Coinbase Reveals New Round of Job Cuts As Crypto Bear Market Intensifies: Report
US-based crypto exchange Coinbase is reportedly laying off another batch of employees as the crypto winter continues to affect the company’s revenue. According to a new report from Reuters, Coinbase r...
Binance CEO Reveals Surprising Fact on FTX Collapse
FTX, the former second-largest cryptocurrency exchange in the world, has imploded, leaving what is said to be an $8.8 billion hole on its balance sheet. Numerous of its 1 million consumers are current...
Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings
Huobi Global, once China’s top crypto exchange, published an asset transparency report on Sunday to reassure users that its funds remain safe. As of Nov. 12, there were 191.84 million Huobi toke...
Binance Reveals It Has Over $70 Billion in Reserves
After the chaos that unfolded this past week with FTX, many exchanges and firms have taken a pledge towards transparency and have revealed the balances of their hot and cold wallets. Binance, who was ...
Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’ – Bitcoin News
“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the fina...
Huobi Reveals its Holdings to be $3.5B in Hot and Cold Wallets
The tension that arose in the crypto space due to the fallout of the FTX exchange has brought about the need for crypto exchange platforms to become transparent as regards their financial position. Hu...
Binance CEO Changpeng Zhao Reveals Why Deal With FTX Collapsed, Says Industry Now Facing 2008-Style Meltdown
The chief executive of the world’s largest crypto exchange is revealing why the potential deal with former competitor and bankrupt firm FTX failed to go through. In an interview at the 2022 Indonesia ...
Prominent Hedge Fund Galois Capital Reveals Exposure to FTX
8 seconds ago | 2 mins read Exchange News The FTX crypto exchange has trapped half of the hedge fund’s monitored assets. Zhou advised investors that they might withdraw some money from the exchange. T...
Was FTX hacked? Deep dive reveals “backdoor” built into accounting software
Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF). Speculation of a hack steadily app...
Crypto.com Reveals $2,800,000,000 in Bitcoin and Altcoin Reserves in Bid for Transparency
The chief executive of a prominent crypto exchange is revealing some of the platform’s reserve assets in a first step towards transparency. Crypto.com CEO Kris Marszalek says that investors can expect...
Crypto.com Preliminary Audit Reveals 20% Of Assets in SHIB
8 seconds ago | 2 mins read Exchange News Nansen’s analysis shows that Crypto.com has assets worth nearly $3 billion. FTX collapse compels every company to prioritize transparency. A pioneer was Crypt...