The FTX Saga: Lessons We Knew But Didn’t Learn
After Do Kwon, Three Arrows Capital, and Alex Mashinsky set the standard for outrageous misbehavior in the crypto space this year, Sam Bankman-Frieds spectacular fall from grace has recalled one...
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FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven…
The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review
As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried…
Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities.
Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar
On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had…
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn…
FTX and Tron Have Launched a Highly Suspicious Withdrawal Scheme
Some FTX users can now withdraw their funds from the exchange, but only by surrendering 80% of the value of their portfolio to arbitrageurs. A Deal With the Devil FTX...
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’
On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better”…
SBF Says Alameda to Wind Down Over FTX Liquidity Crisis
Alameda Research is shutting down, Sam Bankman-Fried has confirmed. FTX CEO SBF Says Sorry Alameda Research is winding down its operations. 1) I'm sorry. That's the biggest thing. I fucked...
Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens
Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s…