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Wells Fargo Fined for $3.7B But the World is Still Fixated on FTX Collapse, Ripple CEO Chips In

The spectacular collapse of FTX warrants every bit of attention that it has garnered so far. The bosses of the once high-flying business were allegedly involved in shady business operations…

Continue ReadingWells Fargo Fined for $3.7B But the World is Still Fixated on FTX Collapse, Ripple CEO Chips In

FTX, Alameda Crisis: Caroline Ellison, Gary Wang Plead Guilty to Fraud

The co-founder of the bankrupt crypto exchange, Gary Wang, and the former chief executive of Alameda Research, Caroline Ellison, pleaded guilty to federal criminal charges that they helped Sam Bankman-Fried…

Continue ReadingFTX, Alameda Crisis: Caroline Ellison, Gary Wang Plead Guilty to Fraud

FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies (Report)

The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. In an interview for The Block, Joseph Femenia…

Continue ReadingFTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies (Report)