FTX Crash Could Affect Every F1 Team, Says Mercedes’ Toto Wolff
Toto Wolff – an Austrian billionaire and CEO of the Mercedes-AMG Petronas F1 Team – thinks the collapse of crypto exchange FTX could harm every Formula 1 organization. The trading…
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Multiple SBF Appearances, Fed Chair Speech, and Market Bounce: The Week’s Crypto Recap
The past seven days were filled with a lot of information as the situation around FTX keeps unraveling. The former CEO of the exchange – Sam Bankman-Fried, had multiple appearances,…
Japanese Customers’ Cash and Crypto not Part of FTX Japan’s Estate, Will Resume Withdrawals
The Japanese arm of the troubled cryptocurrency exchange FTX is set to resume customer withdrawals after scoring important clarifications with Japan’s Financial Services Authority. According to a new release on…
FTX Contagion Haunts Yet Another Crypto Trading Firm
Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a…
SBF Says FTX US Should be Solvent, Unsure Why Withdrawals Not Enabled
Sam Bankman-Fried is doubling down on his claim that FTX US should never have filed for bankruptcy. The former FTX boss believes the US entity is still entirely solvent and…
Telegram to Build a Decentralized Crypto Exchange to Prevent Another FTX Crash, Says CEO
Pavel Durov – Founder and CEO of the messaging application Telegram – thinks the FTX crash occurred because the blockchain industry has recently deviated from its decentralized nature. He argued…
CFTC Chairman Rostin Behnam to Be Grilled Over FTX Crash (Report)
The US lawmakers will reportedly discuss FTX’s collapse with Rostin Behnam – Chairman of the Commodity Futures Trading Commission (CFTC). The authorities will examine whether the regulator could have done…
Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy
For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save the crypto…
Sam Bankman-Fried: “I Never Tried to Commit Fraud”
Former FTX CEO Sam Bankman-Fried (SBF) spoke at length about FTX’s collapse and bankruptcy at the New York Times Dealbrook Summit on Wednesday. The former billionaire defended himself from accusations…
Decentralized Exchange GMX Flips Uniswap in Daily Revenue for First Time Ever
According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever. Delphi Digital reported that the platform raked in…
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