SBF planned to blame everyone but himself, shows leaked Congress testimony
SBF blamed the current CEO, his legal counsel, the law firm he appointed for bankruptcy, and Binance CEO CZ, without admitting any wrong on his part.
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FTX was an ‘utter failure of corporate controls at every level of an organization’, says CEO
Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.
Argo Blockchain reports insufficient funds, ‘no assurance’ it can avoid Chapter 11 bankruptcy
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.
Arthur Hayes: Bitcoin bottomed as ‘everyone who could go bankrupt has gone bankrupt’
Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.
Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes…
Former top SEC crypto regulator hired by Caroline Ellison
Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale.
Crypto lender Genesis has no solution yet for withdrawal halts
Genesis said it will take additional weeks to carve out a recovery path for its lending business.
3AC subpoenas issued as dispute grows over claims of Terraform dump
The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.
Michael Saylor on the FTX fiasco: ‘Unethical and illegal from the very beginning’
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire.
Court sets new deadline for Celsius restructuring plan
Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 14.
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